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Financial Crime Summit Virtual Day

 

The Financial Crime Summit - London

The Financial Crime Summit - London

The Financial Crime Summit - London


 

Virtual Day

Welcome to the Financial Crime Summit virtual day interactive agenda.  Please use the filter button to change the visibility of topics and types of features on offer.  To return to the full agenda, showing all streams please click off all filters using the ‘x’ button.

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08:30
09:00
    • SANCTIONS
    • How can banks navigate the overlapping and contradictory international sanction regimes?
    • To what extent is it possible for a golden standard of sanctions given the divergence between OFAC and European Union sanctions policy?
    • How important is it to pre-screen customers, counterparties and suppliers against regional jurisdictional sanctions lists?
    • Should sanctions compliance programmes be based on a risk-based approach?
    • AML & KYC
    • Are regulations, legislation or banks’ concerns over collaboration the most significant obstacles to improved data sharing in the AML space?
    • Which current data sharing / utility initiatives are the best examples of how the industry could move forward without significant changes to either regulation or legislation?
    • What is the best use of technology to enable better data sharing and to free up valuable human resources to more effectively fight financial crime?
09:45
    • TRAFFFICKING
    • How can banks assist governments to follow the money and reduce the profit incentive behind illegal wildlife trade?
    • How can banks identify the financial flow linked to specific forms of illegal wildlife trade and major seizure incidents?
    • To what extent has lack of conformity across jurisdictions in the treatment of wildlife trafficking, with disparate classification, laws and policies acting at cross-purposes meant that wildlife crimes are not a risk priority for many financial institutions?
    • AML & KYC
    • How should banks and regulators be enhancing supervisory cooperation and frameworks to fight money laundering?
    • How can banks foster a culture of integrity with a focus on effective rules in the field of financial crime, enhancing regulatory dialogue?
    • To what extent can there be global regulatory convergence and cooperation to enhance international standards, regulatory dialogue, and openness with other jurisdictions?
10:30
    • AML & KYC
    • Why are capital markets different from a surveillance perspective?
    • Are approaches based on settlement and sanctions data missing potential problems?
    • Should banks rely so much on sales and trading staff to red flag issues?
    • Can customer data be combined with trade and payment data to close the risk gaps?
    • What does a holistic approach look like and what does it achieve?
    • FRAUD
    • Can banks really create utilities around fraud to share information between banks?
    • What are the challenges with cross-bank information sharing?
    • What is the necessary technology for the mitigation of sophisticated fraud?
    • To what extent is data sharing capability the solution to easily identify complex examples of fraudulent activity?
11:15
    • AML & KYC
    • As regulatory expectations rise, what information is required to satisfy the regulators’ requirements for AML?
    • To what extent has fragmented and non-homogenised data meant institutions cannot fully utilise digital systems?
    • How can banks update the outdated, burdensome and siloed AML systems?
    • What are the challenges with creating accessible data that minimise duplication?
    • SANCTIONS
    • How can banks ensure sanction risk assessments inform the extent of due diligence to be conducted at various points in a relationship or in a transaction?
    • How easy is it for sanctions assessments to be updated to account for the conduct and root causes of any violations or systematic deficiencies identified?
    • How can banks ensure their internal controls enable the organisation to clearly and effectively identify, escalate, and report potentially prohibited transactions and activities?
    • What can banks do to ensure their training programmes provide adequate information and instruction to employees and stakeholders with tailored training for high risk employees?
13:00
    • TRANSACTION MONITORING
    • Does the calibration of TM profiling present regulatory risk?
    • How can banks automate TM processes which are dynamically monitoring changes in customer behaviour and profile?
    • How can banks increase the quality of TM for faster, more accurate, lower volume consistent alerts?
    • How can banks use machine learning to optimise the automation in their TM systems?
    • FRAUD
    • What are the key skillsets required for future practitioners of fraud?
    • How can organisations best leverage skillsets from front office sales and trading staff, operations, and data experts within their fraud programmes?
    • How key is data literacy?
    • How can banks ensure fraud examiners remain up to date on increasingly sophisticated and complex forms of financial crime?
13:45
    • DIGITAL ASSETS
    • How can banks navigate the fragmented regulatory landscape in order to establish a golden standard for digital asset risk frameworks?
    • To what extent is the current financial crime operating model adequate to manage risks for digital assets and crypto currencies?
    • Are existing governance frameworks, technologies and application controls sufficient for the challenges posed by digital assets?
    • FRAUD
    • How can banks ensure they are conducting enough anti-fraud controls to reduce the losses associated with fraud?
    • How can banks ensure they are not susceptible to fraud by corruption, where fraudsters attack weak points in an organisation’s structure?
    • To what extent is it possible for industry collaboration in order to understand which controls are the most effective?
    • How can banks demonstrate ROI when it is hard to measure the amount of fraud prevented by a specific control?
14:30
    • ABC
    • How can banks ensure compliance with policy that prohibits the promising, offering, giving and solicitation of anything of value through 3rd parties?
    • Who should own responsibility for accurately documenting the provision of anything of value provided to customers?
    • As banks move into new markets and put more operations in the hands of 3rd parties, how can ABC programmes be tested regularly to provide confidence they are suitable for countering 3rd party risks?
    • Does management and the board have a complete picture of the institutions’ activities for countering 3rd party bribery risks?
    • SANCTIONS
    • How can practitioners ensure they are keeping up to date with the rapidly evolving compliance environment related to Russia and Belarus?
    • Should banks be considering real-time information channels, knowledge sharing sessions and an internal hotline to enable collaboration across the three lines?
    • How should banks navigate and manage the differences between and among national/regional sanctions regimes?
    • Are existing sanction alert clearing skillsets and capacity sufficient for the Russian war, or should institutions form a ‘Russian-Belarussian Sanctions’ team?
    • How can banks be mindful of how their actions will affect unsanctioned parties?