08:30 – 09:00

Registration & Coffee

Delegate’s arrival / registration and a chance to grab a pre-event coffee and some nibbles before settling into the day’s busy schedule!

09:00 – 09:10

CEO’s Introduction

A quick welcome to MLROs.com Conference Two 2019 from our CEO and an update on the latest forum news and developments.

David Pelled,

CEO MLROs.com

09:10 – 09:55

The Reformation of Companies House

This session will be run by two senior managers from Companies House and BEIS (one from each body – exact speaker details to follow shortly)

This session will include a Q&A session and the speakers will also be available during breaks and will sit on the Q& A panel at the end of the day where there will hopefully be more time to engage fully.

In this session, speakers from Companies House will provide details of the recently launched ‘Corporate transparency and register reform’ consultation. This substantial package of reforms seeks to enhance the role of Companies House, increase the transparency of UK corporate entities, and help combat economic crime. The speakers will explain how the proposals will be underpinned by a major transformation programme to upgrade digital services at Companies House alongside a complete review of its staffing and skills requirement. If brought forward, this package of proposals would be the largest change to the system of setting up and operating companies since the register was created in 1844.

Speakers: Mark Buckley
Head of Integrity, Companies House

Stephen Webster
Head of Corporate Transparency & Register Reform, BEIS

09:55 – 10:40

Is the US about to re-risk rate European countries following on from the latest laundromat scandals

Word coming out of the US is dissatisfaction with the continuous drip of laundromat activity which appears to pervade the European Financial System. Given a currently protectionist approach politically and the fact that the level of fines against foreign banks massively exceeds domestic bank fining, what are the chances of the US imposing additional restrictions on foreign banks conducting dollar clearing due to the perceived risks to the US financial system.

Speaker: Dorothy Cory-Wright
Partner Dechert LLP

10:40 – 11:00

 Morning Coffee

Selection of teas, coffees, cakes and fresh juice available.

11:00 – 11:45

Whistleblower or Nark? We Know Insiders are Leaking Information but is it Always to the Good Guys? – i.e. do Criminal Gangs have Plants Inside the Banks

Recent news events have been driven to a significant degree by whistle-blowers, but what can we learn from this? Why did they go to the newspapers and not report internally? Is this a “tone from the top” issue or something else? If they are blowing the whistle to reporters, without being detected, what are the risks that others are doing the same thing, but to organised criminal gangs to enable them to circumvent your control systems? What can you do about it if they are?

Speaker: Andrew Fleming
Global FCR MI Senior Risk Reporting Manager, HSBC

11:45 – 12:30

The Wolfsberg Correspondent Banking Due Diligence Questionnaire 

Denis will discuss how all types of firms could use the Questionnaire as a self-assessment tool and suggest how the Questionnaire could be improved.

Speaker: Denis O’Connor
Financial Crime Expert

12:30 – 13:30

Lunch

Selection of sandwiches, drinks and snacks available.

13:30 – 14:15

An AML Mock Trial

You will be asked to consider the outcome in the case of the Crown against Moscowitz Bank in the High Court before the Honourable Judge Vitale.

During the hearing you will be asked to consider a number of legal points including:

• Whether the bank failed to correctly identify the customer as a potential PEP.
• Whether the due diligence performed by the Moscowitz Bank customer was sufficient and did the MLRO make sufficient enquiries into the source of the funds.
• Whether the bank had failed to report suspicions about the customer’s funds as required under POCA 2002, including whether the MLRO would have had reasonable grounds for a suspicion that the funds used for the purchase of a property could have been included in the proceeds of crime.
• Whether Mr Renaldi was in fact a politically exposed person.
• Whether the interrelationship between the bank’s duty to report and the customer’s human rights to both privacy and property were in conflict.

The Honourable Judge Vitale may permit members of the jury to question the witnesses on these legal points.

14:15 – 15:00

The use of U.K. Entities in Global Laundromats

The UK has a two-fold problem when it comes to money laundering. It is often the final destination for dirty money, but it also provides many of the legal entities that are used throughout the world to launder money. This is a look at recently reported laundromats (Danske, Troika, Russian, Azerbaijani) focussing on the role of UK entities (primarily Limited Liability and Scottish Limited Partnerships) with a view to extracting what we can learn from their use and how we can put that intelligence to effective use.

Speaker: Graham Barrow
Director, GR Business Process Solutions Ltd

15:00 – 15:20

Afternoon Coffee

Selection of teas, coffees, cakes and fresh juice available.

15:20 – 16:05

ID&V in a Digital World. Future Proofing Robust Onboarding

Rapid enhancements to technology, particularly around face and voice recognition, are set to change the way we interact with the financial system. What does a “face-to-face” meeting mean in the digital world? What opportunities and threats does remote contact bring to KYC/Due diligence?

Speakers: Andrew Bud
Founder and CEO, iProov

Vipul Mishra
Co-Founder & CEO, Neotas

16:05 – 16:50

Keynote Speaker: Brian Lord OBE
Former Deputy Director for Intelligence and Cyber Operations, GCHQ

The Perpetual Challenges of the changing Cyber Security Landscape

The nature of the Cyber Threat landscape continues to shift.  It is shifting due a myriad factors:  continued technological advancement; environmental and business change,  regulatory expectations, and the motivations and opportunities for those who seek to benefit from exploiting our dependence upon technology, whether that is individual, commercial, societal or governmental.  

In this presentation, Brian will explain the direction of travel of all of these Cyber actors: state, criminal, terrorism, activism and self-motivated individuals.  While Brian’s expertise is not in the field of money laundering, he is a global expert in the evolution of the wider Cyber threat, and will present the threat landscape that will allow the audience to easily contextualise the modern environment against their own areas of professional concern.

16:50 – 17:30

Panel Q&A

A selection of the days speakers will be available for a short open Q&A session with questions from the floor.

17:30 – 19:30

Evening Reception & Networking

A fantastic opportunity to decompress with a drink and some food; and network with your peers and the expert speakers of the day, hosted by Winckworth Sherwood.