Economic Crime Congress 2024 - Agenda

Join our panel of senior experts from the government and the public sector as they share their thoughts and perspectives on tackling the threats and harms caused by economic crime.

The international economic crime landscape continues to move at pace both at an EU level and beyond. This discussion will delve into the broader international landscape, covering current priorities including information sharing, online child sexual exploitation and beyond. We will discuss the UK’s approach to the current FATF priorities, including opportunities and challenges for the UK’s upcoming mutual evaluation.

Join our panel as they discuss the progress of the Online Fraud Charter and engagement from the technology sector, highlighting and examining what can and is being done in practice from this sector, and how all parties can work together to ensure that what is in place is as effective as possible in addressing and mitigating the harms perpetrated by criminals to victims.

Join this interactive session which will look at the existing threats (e.g. deep fakes) followed by insight and discussion on the progress and challenges to threat mitigation, as well as the opportunities AI presents when viewed through a wider lens.

Following another year of regulatory and legislative changes, we sit down with key policy makers and thinkers to discuss recent scrutiny, activity and changes for 2024. From a new opportunity to reform the Money Laundering Regulations, to increased scrutiny on PEPs and new legislative opportunities on Companies House this panel of experts will discuss how to practically manage regulatory change within institutions as well as areas of potential change.

With the Payment Systems Regulator’s (PSR) APP reimbursement requirement being effective from 7 October this panel will discuss what challenges payment service providers had in preparation for the regulation and the impact seen, both for consumer and industry, following its implementation. 

Crypto does bring a great deal of both threats and opportunities, but it also brings a great deal of bias, stigma and larger ethical considerations. Join our experts for a slightly different discussion focusing upon proportionality, regulation, incentivisation and the risk and rewards of cryptocurrency.  

Sanctions measures span the globe and frequently impact areas prone to requiring humanitarian aid or assistance, either due to natural disasters or due to collateral damage created by restrictive measures. This panel will look at the issues surrounding humanitarian aid and the conflict with sanctions.

In this session we put Money Laundering Reporting Officers (MLROs) under the spotlight to discuss the most pressing challenges of today, extracting their key takeaways and advice for compliance and risk management colleagues in 2024. We will discuss the breadth of emerging compliance themes and their effect on risk management, focusing in on hot topics such as the role of technology, the existing and emerging regulatory landscape, and thoughts on political and supervisory priorities.

With the government announcing its 22-point action plan to tackle Money Mules this panel will discuss the harms of child financial exploitation, the wider threat caused by money mules and the disruption of organised crime gangs.

What do we need to do today in policing to protect society against the harms of tomorrow? Join our panel of law enforcement representatives as we discuss the learnings from major investigations, the threats and opportunities that technology brings to policing and the law enforcement response to future harms.

The UK Finance Proliferation Finance Working Group established November 2022 will highlight the findings from their much-anticipated 2024 publication with HMG and Sayari. Panelists will present their findings on countering the evolving threats to Proliferation Finance with a key focus on overcoming the challenges, including:

• Navigating the international regulatory standards and framework
• Gaining insights on emerging trends and the application of typologies for business wide risk assessments and controls
• Best practices in identifying mitigation strategies to counter the threat of Proliferation Finance
• Key takeaways and recommendations in minimising silos across the public and private sector

Participate in an interactive Q&A session with a journalist from a national newspaper, discussing how the newsroom and readers feel about the industry’s efforts to prevent fraud as well as the changing media narrative around economic crime.

The Economic Crime Product & Service Board (PSB) provide strategic oversight of and direction to UK Finance’s activity on Economic Crime and its strategic committee's represent the whole membership to deliver on this activity.  Meet the Board and Committee Chairs as they provide an overview of the PSB, its strategic committees, and the activity that they undertake on behalf of UK Finance Economic Crime stream members and the industry.

To date, Russia sanctions have been the most globally coordinated, complex and far-reaching with no segment economically being spared. With the expansion of sanctions frameworks being established by the UK, US and the EU, compliance has become ever more important to minimise the risks. During this practical and hands-on panel discussion, the UK Finance Sanctions Committee will review the effective of Russia sanctions, its impact to internal risk tolerance, operations and compliance outlook, by:

• Examining the expansion, unintended consequences and impact of Russia sanctions
• Assessing the shift from financial controls to trade sanctions & export controls
• Best practices and lessons learned on improving the outcome of future policies

Tackling sanctions circumvention and evasion is the top priority for Enforcement Agencies. To tighten regimes and demonstrate effectiveness, 2024 increased the scope and scale of potential enforcement action with consequences ranging in their severity. With multiple agencies across several jurisdictions actively investigating sanctions violations with a key focus on trade diversion risks, this panel will highlight the regulatory expectations, including:

• Update on the current sanctions enforcement regime
• Outlook on regulatory expectations and trends
• Navigating the use of intelligence to tighten existing regimes
• Key areas of alignment across the public and private sector

This session will examine how diverse leadership teams can drive effective change in financial crime prevention efforts. Delegates will learn about best practices for building inclusive teams that enhance their anti-financial crime strategies.