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Following on from the huge success of the inaugural Economic Crime Congress last year, UK Finance is delighted the next event will take place on the newly announced date of Wednesday 12 February 2020 in London. This event is closed to press.
Tackling economic crime and protecting customers have never been higher on the agenda, they are a focus of the government, regulators and, of course, the banking and finance industry. Taking place on the newly announced date - Wednesday 12 February 2020, this important event, led by the Home Secretary in 2018, will explore the key strategic issues facing banking and finance in these times of unprecedented change.
With Sanctions and Money Laundering high on the agenda again, and given the exponential rise in fraud, navigating the issues around economic crime is becoming ever more complex.
Following the keynote sessions in the morning, delegates can choose between four content theatres focused on Anti-Money Laundering, Financial Sanctions, Fraud Prevention, and Anti-Bribery and Corruption. See the agenda below.
Delegates will have access to on-site seminars, exhibitions and of course the opportunity to debate and network with colleagues from across the financial services and security sectors.
Taking place in London, this really is an event not to be missed. Book now to secure your place and get the latest updates about the event as soon as they are released.
This event is closed to media.
Over 450 delegates attended this event last year and heard an opening keynote from the Home Secretary, Sajid Javid MP who gave his first landmark speech on economic crime.
UK Finance ECC from UK Finance on Vimeo.
"FRAUD IS THE UK'S LARGEST CRIME AND ITS FREQUENCY AND COST IS GROWING EXPONENTIALLY"
Bob Wigley, Chairman, UK Finance
In association with LexisNexis Risk Solutions
Combat financial crime with innovation, insight and technology
Protecting your organisation from financial crime and ensuring its compliance, whilst supporting revenue goals, is a difficult balance to maintain. However, it is achievable with the right combination of intelligence and technology to support insightful, risk-based decision making.
LexisNexis Risk® Solutions provides market-leading solutions that enable you to implement effective customer due diligence across the customer lifecycle; customisable to your risk appetite. Relied on by leading global businesses, they will enable you to evaluate the financial crime and terrorist risk associated with an entity, through identity authentication, ongoing monitoring and enhanced due diligence capabilities. Simultaneously, they will reduce false positives and help you effectively on-board legitimate customers.
Through a single trusted relationship, you can tackle the threat of financial crime head on, whilst supporting commercial objectives.
Sanctions Stream Partner
Kharon is a research and data analytics company that provides actionable intelligence on sanctions networks to international financial institutions and global organizations.
The networks that surround sanctioned actors and jurisdictions are complex and opaque, and include relationships that can go undetected even by mature risk control frameworks. Underpinned by proprietary technology, Kharon conducts sophisticated, multilingual investigations that utilize all primary source and other reliable documentation, to create the most comprehensive understanding of ownership by sanctioned actors with stakes as low as 1%. Kharon fundamentally redefines what reasonably can be known about an organization’s customers, counterparties, partners and vendors and their associations with sanctioned actors and jurisdictions worldwide, facilitating precision business decisions.
Stream Partner - Fraud Prevention
Vocalink, a Mastercard company, designs, builds and operates industry-leading bank account-based payment systems. Our technologies power the UK’s real-time payments, settlements and direct debit systems, as well as the UK’s network of nearly 70,000 ATMs. In 2017, we processed over 90 percent of salaries, more than 70 percent of household bills and almost all state benefits in the UK.
Knowledge Partner
Eversheds Sutherland is a global top 15 law practice with 69 offices in 34 countries. Our corporate crime and investigations team is comprised of subject matter experts across the core areas of financial crime, corporate crime and investigations covering Anti-bribery and corruption, Anti-money laundering and sanctions.
We are also one of the only global law firms that also has a specialist financial crime compliance team made up of specialist lawyers, non-lawyers and regulatory specialists, with practical experience of working in-house at international regulators or law enforcement agencies such as the Serious Fraud Office, the Financial Conduct Authority, the National Crime Agency, and the Information Commissioner’s Office in the UK and the Department of Justice and Securities and Exchange Commission in the US.
Additionally, our team have worked within the legal and compliance functions at some of the world’s largest global corporations in positions such as Money Laundering Reporting Officer, Global Head of Sanctions and Global Head of Financial Crime Legal. In 2013, we were appointed Skilled Persons for Financial Crime by the UK’s Financial Conduct Authority and Prudential Regulation Authority, tasked with assisting the regulator with the assessment of the adequacy of financial crime systems and controls across regulated firms and have also supported the UK’s Serious Fraud Office with some of its recent high-profile cases.
Our unique insight into full end-to-end financial crime compliance, investigation, enforcement and assurance is reflected by our inclusion in industry guides such as GIR 100, Legal 500 and Chambers and Partners.
Confirmation (part of Thomson Reuters) is the digital platform trusted by bankers, auditors, and lawyers worldwide to quickly and securely verify £1 trillion+ in financial data every year and identify fraud. As the inventor of electronic confirmations, Confirmation helps over 1.5 million users across 170 countries speed-up and streamline validations of cash on hand, receivables, debt, and pending litigation as part of financial statement audits. Confirmation’s global network includes 4,000+ banks and departments, 5,000+ law firms, and 16,000+ audit firms.
Sharing Timely, Relevant and Actionable Intelligence Since 1999
At a time when trust has become a vital asset for business, trade and commerce, the Financial Services Information Sharing and Analysis Center (FS-ISAC) is dedicated to reducing cyber-risk in the global financial system. Serving financial institutions and in turn their customers, the organization leverages its intelligence platform, resiliency resources and a trusted peer-to-peer network of experts to anticipate, mitigate and respond to cyberthreats. FS-ISAC is headquartered in the US, with offices in the UK and Singapore.
Financial crime is causing harm to companies and organisations across the globe, which is why we’re proud to offer truly expert and leading-edge data-driven solutions which empower our customers to detect, analyse and then prevent financial crime and fraud across a variety of leading industries.
For almost a quarter of a century we’ve led the technological revolution in and around sharing data and data syndication, and we’ve given data-led intelligence to our global customers to allow them to make informed decisions and ultimately take back control, saving significant amounts of revenue, time and reputational harm.
Temenos is the world’s leader in banking software, partnering with financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process the daily transactions of 500 million customers. Temenos offers cloud-native, cloud-agnostic front office, core banking, payments, fund and wealth management software, enabling banks to deliver consistent, frictionless customer journeys and gain operational excellence.
Temenos software enables its top-performing clients to achieve industry-leading cost-income ratios of 25.2% and ROE of 25.0%, 2X better than the industry average. These clients invest 53% of their IT budget on growth and innovation versus maintenance, 2.5X the industry average, showing their IT investment adds tangible value to their business.
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. Thomson Reuters regulation and compliance risk management solutions enable customers to confidently navigate the changing and complex world of global regulation, as well as build a culture of compliance and integrity via our interactive online training. Our unrivalled combination of expert insights, news and intuitive technology empowers professionals and enterprises across the global to confidently anticipate and act on risks.
We make business communications safer by protecting contact centres from fraud and ensuring continuity of inbound calls. More than 1,000 organisations rely on our smartnumbers services to deliver their most critical telephony.
Reduce contact centre fraud and improve customer experience by identifying suspicious calls before you answer and before the IVR. The smartnumbers service examines more than 50 attributes of the Call DNA to streamline customer authentication and to prevent fraud.
Discover the impact you will make with smartnumbers. Visit us at our stand, resilientplc.com/UK-Finance or phone +44 20 3379 9000.
RSA® Business-Driven Security™ solutions link business context with security incidents to help organisations manage digital risk and protect what matters most. With award-winning cybersecurity solutions from RSA, a Dell Technologies business, organisations can detect and respond to advanced attacks; manage user identities and access; and reduce business risk, fraud and cybercrime. RSA solutions protect millions of users around the world and help more than 90 percent of Fortune 500 companies take command of their security posture and thrive in an uncertain, high-risk world.
Please note the agenda is subject to change up to and including the event date.
08:15: Registration and networking around the event
9:00 Welcome and opening remarks
Bob Wigley, Chair of UK Finance, together with Katy Worobec, Managing Director of Economic Crime at UK Finance will reflect upon the economic crime developments in 2019 and look ahead to what 2020 may bring. They will discuss the UK Finance key priorities in this very important area of our work.
9:25 Keynote
We welcome Colin Bell, Group Head of Financial Crime for HSBC. Colin will then chair the subsequent economic crime review and forward look panel.
9:40 Economic Crime Panel - What does the future look like?
Following the launch of the Economic Crime Plan in July 2019, leading industry figures will join this keynote panel to take stock of the progress made in 2019, the outstanding challenges to be resolved, as well as discussing the focus across Economic Crime in 2020. Speakers include Colin Bell, Group Head of Financial Crime Risk, HSBC; Graeme Biggar, Director General, NCA; Megan Butler, Director of Supervision – Investment, Wholesale and Specialist, FCA; and Graham Barrow, Commentator, The Dark Money Files.
10:20 Keynote Presentation: Terrorist Financing: How the Threat is Evolving
An address on terrorist financing and the nature of the ever-evolving threat.
10:40: Coffee & networking around the exhibition
11:00 Panel: Is the financial sector doing enough?
As the scale of Economic Crime within the UK continues to grow, it is estimated that it is costing the UK nearly £7 billion a year. Confirmed speakers including James Coney, Sunday Times (Chair); Brian Dilley, Group Director of Fraud & Financial Crime Prevention, Lloyds Banking Group; Ian Dyson, Commissioner, City of London Police; Angela Foyle, Chair, Anti-Money Laundering Sub-Committee; and Steve Elliot, LexisNexis Risk Solutions will join us to reflect upon whether the financial sector is doing enough?
11:40: DELEGATES BREAK INTO STREAMS
13:00: Lunch and networking in the exhibition hall
13:50: DELEGATES BREAK INTO FURTHER STREAMS
16:20: Coffee and networking around the exhibition
16:40 Welcome back and intro: Stephen Jones
16:45 International Challenges in Economic Crime
The session will look at what happens after Brexit and what it means for the industry working cross-borders, including a look at the international aspects of the public-private partnerships. How do we deliver on the international strategy set out? How can we improve on international standards and protect and promote the UK reputation? How can we reduce inbound threats to the UK
Speakers include:
17:25 Closing remarks
17:30-19:00: Networking drinks reception
The Dark Money Files
Graham has worked in financial services for the past twenty-five years, latterly providing expertise to a number of high-profile banks in relation to their financial crime control frameworks. He has written the due diligence policy for one global bank and contributed significant expertise to many others. He also works closely with a large number of investigative journalists in both print and broadcast media, helping them to identify and write about organised crime and corruption specifically in respect of the use of legal entities (companies) for laundering the proceeds of their crimes.
Graham regularly speaks at in-house and public events to raise awareness of the close links between financial crime and the organised criminal gangs and corrupt individuals who are responsible for so much of the dirty money entering the financial system and, in particular, the role of UK entities in enabling this.
Assistant Commissioner, Specialist Operations and National Lead for Counter Terrorism Policing, Metropolitan Police
Neil is the Assistant Commissioner for Specialist Operations in the Metropolitan Police Service and the senior officer in charge of counter terrorism policing in the UK. In a career spanning 26 years, Neil has been at the forefront of counter terrorism policing during an unprecedent shift in threat and has been instrumental in strengthening policy capability, an increasing join-up with community policing, closer working with intelligence partners and an increase in preventative interventions to counter radicalisation.
He has been commended ten times during his career for bravery, leadership and detective ability. He was awarded the Queen’s Police Medal (QPM) for distinguished service in 2016.
Group Chief Financial Crime Risk Officer, Royal Bank Scotland
Julie joined the RBS Group in 2017 and provides executive leadership of financial crime risk management across the Group. Having specialised in financial crime across the globe for most of her 30 year career, Julie brings a wealth of international subject matter expertise and experience, including executive positions in banking and consulting. Julie’s most recent roles include the Chief Financial Crime Officer at Westpac Bank, preceded by Forensic Partner at a Big Four Consulting Firm. Julie is also a fellow chartered accountant, and holds a degree in Physics and a masters and PhD in Criminology. Her doctorate is in organised crime and terrorism.
Group Chief Compliance Officer, HSBC
Colin was appointed Group Chief Compliance Officer in November 2018 and is a member of the HSBC Group Management Board. Colin joined HSBC as the Group Head of Financial Crime Risk in July 2016 having previously worked at UBS, following 16 years in the British Army.
During his time in the Army Colin held a variety of command and staff appointments, including operational tours of Iraq and Northern Ireland, time in the Ministry of Defence, a NATO appointment and completion of the Advanced Command and Staff Course. He joined UBS in January 2007 becoming the Global Head of Operational Risk Control in 2011. In January 2014 he was appointed the Global Head of Compliance (Regulatory and Financial Crime Compliance) and Operational Risk Control for UBS, leading a firm-wide integration programme to introduce a range of enhancements to the firm's financial crime, monitoring & surveillance, conduct risk and cyber risk capabilities.
City of London Police, Commander
Commissioner Dyson is the national police lead for Economic Crime, the national police lead for Business Crime, and the national police lead for Information Technology within policing.
Ian joined the Metropolitan Police in 1983, working within many different areas including crime and drug squads, vice and strategic planning. For eleven years he was a public order cadre trained senior officer and has extensive experience of commanding the policing of large public events. Ian then joined Surrey Police as Assistant Chief Constable in June 2008 overseeing some of the highest confidence levels in the country and improving Neighbourhood Policing.
In September 2010 Ian joined the City of London Police as Commander leading initially on organisational change, and later as the chief officer lead on Economic Crime, expanding the Force’s national fraud responsibilities. He was also the National Police lead for Contact Management and led the national roll out for the 101 non-emergency number. Two years later he was promoted to Assistant Commissioner leading cultural and business change, leadership and performance within the Force, embedding staff empowerment and innovation.
He was promoted to Commissioner on the 3rd of January 2016 and was awarded the Queen’s Police Medal in the New Year Honours 2016.
Global Head, Research and Analytics, Financial Crime Threat Mitigation (FCTM)
Marc Fungard is the Global Head of Research & Analytics within Financial Crime Threat Mitigation (FCTM) which provides research and data-driven risk management via subject matter expertise and big data analytics techniques.He joined HSBC in May 2012, to oversee the establishment and development of a global Financial Intelligence Unit (FIU) to cover all HSBC entities.
Prior to joining HSBC, Marc was a senior advisor at the United States financial intelligence unit, the Financial Crime Enforcement Network (FinCEN), providing support intelligence and analytics issues. Previously, Marc was the Director of the Office of Illicit Finance within the U.S. Department of Treasury and over 15 years in a variety of roles in the US government in intelligence roles, including supporting senior White House officials.
Chief Executive, Cifas
Since being appointed Chief Executive at Cifas in May 2018, Mike has actively worked to grow the community of stakeholders sharing data, intelligence and insight in the pursuit of preventing fraud and financial crime. Mike is passionate about Cifas becoming the driving force behind fraud prevention in the UK and with over 30 years’ experience of tackling and preventing fraud across the public, private and not-for-profit sectors he is determined to bring together a strong cross-sectoral collaborative approach to tackling fraud. Mike is the Chair of the Home Office Joint Fraud Taskforce (JFT) whose main purpose is to reduce the level of fraud and harm it causes to individual victims and organisations by making it significantly more difficult for fraudsters to operate within the UK. With a Master’s Degree in Criminology, Mike has led investigative teams in the National Health Service, Ministry of Defence, Office of Fair Trading, HM Revenue and Customs and Solicitors Regulation Authority. He has also worked at the National Fraud Authority directing cross sector fraud prevention strategies. Mike believes that the battle against fraud is one that cannot be won alone and by collaborating as a community, we can be relentless in our effort to put the spotlight on fraud and not only protect each other but also make the UK a safer place to live and do business.
Global Anti-Bribery & Corruption Head of Advisory, Policy & Training for HSBC Bank
Gaon is currently the Global Anti-Bribery & Corruption Head of Advisory, Policy & Training for HSBC Bank. He currently advises on all aspects of bribery & corruption focussing on compliance with the UK Bribery Act, the US Foreign Corrupt Practices Act and the Hong Kong Prevention of Bribery Ordinance, amongst other key International legislative requirements.
Gaon was formerly a Senior Crown Advocate for the Special Crime and Counter Terrorism Division of the Crown Prosecution Service (CPS). He has obtained both barrister and solicitor rights in the UK, enabling him to hold adversarial rights in court as well as being experienced in leading investigations and case progression. He was the CPS’s lead specialist prosecutor in bribery & public corruption and, due to his advisory role prior to the Act being introduced, was asked to undertake the first prosecution under the UK Bribery Act. He also provided training to the UK police in the Bribery Act.
As the first lawyer working on developing the CPS Fraud Prosecution Group and the Prosecution Team Leader, he has also worked with the UK Government on fraud projects and was the lead project Lawyer, acting directly for two Attorney Generals, on the Plea Negotiations Guidelines in Serious and Complex Fraud Cases, while also working to develop the UK’s current counter-Fraud architecture during the 2007 Fraud Review.
Prior to working as a prosecutor, Gaon was the Associate Director of a post-graduate University Law Department (London Guildhall University) and a Principal Lecturer.
Director, Centre for Financial Crime & Security Studies, Royal United Services Institute for Defence and Security Studies (RUSI)
Tom Keatinge is the Director of the Centre for Financial Crime and Security Studies at RUSI, where his research focuses on matters at the intersection of finance and security, including the use of finance as a tool of intelligence and disruption. He has a Master’s in Intelligence and International Security from King’s College London, where his research focused on the effectiveness of the global counter-terror finance regime. Prior to joining RUSI in 2014, he was an investment banker for 20 years at J.P. Morgan.
Financial Crime and Cyber Security Specialist
Mary Kirwan is a lawyer on three continents, an ex-Canadian Department of Justice money laundering prosecutor, journalist and cyber security specialist. She has held a number of senior management roles in banking and technology companies, including, most recently, acting as MLRO at Credit Suisse UK. She holds advanced degrees in business and technology and several certificates in cyber-security (CISSP) and data protection (CIPM and CIPP/E).
Head of Financial Crime Compliance, Danske Bank.
Satnam was appointed Head of Financial Crime Compliance at Danske Bank in July 2019 based in Copenhagen. Prior to that he was a Managing Director and International Head of Financial Crime at Morgan Stanley where he worked for 10 years in London and Hong Kong. Satnam is also a member of UK Finance’s Financial Crime Committee and the ECSB’s Public Private Steering Group. Satnam is a graduate of the University of Oxford and the University of Cambridge.
Money Laundering Reporting Officer (MLRO), Santander
Marco is responsible for Financial Crime Risk oversight Santander UK. He was appointed as the Money Laundering Reporting Officer (MLRO) in April 2016, and holds the Senior Management Function responsibility for Financial Crime (SMF17), covering Anti-Money Laundering, Sanctions, Terrorist Financing and Anti-Bribery & Corruption across all lines of business. Marco joined Santander UK in 2005, leading integration and complex transformation programmes, including the regulatory portfolio. He has almost 30 years of Financial Services experience across industry and a Big Four Consulting practice.
Marco contributes to the public and private partnership agenda for Financial Crime, and sits on the new Economic Crime Reform Private sector steering group, UK Finance Financial Crime Committee, and Joint Money Laundering Intelligence Taskforce Board. Earlier this year, Marco was also part of the winning Santander team “Catch a Chameleon” that was awarded the Eureka prize at this year’s FCA AML Techsprint event, demonstrating the potential of Blockchain technology in combating Financial Crime.
Marco holds a degree in Genetic Engineering from the University of Manchester.
Deputy Director, National Economic Crime Centre
Debbie is currently on loan to the National Economic Crime Centre at the NCA as the Deputy Director with responsibility for the UK Financial Intelligence Unit and SARs Reform.
She qualified as a lawyer at Kingsley Napley and joined the CPS Organised Crime Division after 10 years with the firm, specialising in business crime. In 2012 she was seconded to the Home Office as the Head of the UK Central Authority, as UK lead for extradition and mutual legal assistance requests to and from the UK. Back at the CPS in 2015 Debbie led both the Extradition and International Units as a Deputy Chief Crown Prosecutor.
Head of the Economic Crime Unit, part of the Serious and Organised Crime Group Home Office
Owen Rowland is Head of the Economic Crime Unit, part of the Serious and Organised Crime Group in the Home Office. He and his colleagues are working with domestic and international Government, law enforcement, regulatory and private sector partners to protect the public and businesses from economic crime.
In this most recent roles, Owen: designed the National Crime Agency and set up the Economic Crime Command and National Cyber Crime Unit; led the production and implementation of the Criminal Finances Act, including introduction of Unexplained Wealth Orders and Asset Freezing Orders; chaired negotiations that established the Joint Money Laundering Intelligence Taskforce (JMLIT); established the Joint Fraud Taskforce; and co-ordinated production of the 2019 Public-Private Economic Crime Plan.
Owen’s previous roles over 20 years within Whitehall and the European Commission comprised a range of national security, crime and policing policy positions including: Head of Drug Strategy; Secretary to the Chilcot Review into Intercept as Evidence; Head of Counter-Terrorism Science and Innovation; lead negotiator for the European Commission on Justice and Home Affairs with Estonia, Latvia, Lithuania and Bosnia & Herzegovina; and Head of Female Young Offenders and Women’s Resettlement in the Prison Service.
Deputy Director, Sanctions and Illicit Finance, HM Treasury
Giles Thomson is the senior official in HM Treasury responsible for economic crime policy, including financial sanctions and anti-money laundering / counter terrorist financing. His team led the development of the UK's recently published Economic Crime Plan and are currently working on the transposition of the EU's 5th Anti-Money Laundering Directive, amongst other issues.
Giles is also the UK’s Head of Delegation to the Financial Action Task Force (FATF) and led the UK's successful 2018 FATF Mutual Evaluation. Giles has held a number of different roles within the Treasury over the last 16 years, with a focus on international economic issues. Prior to taking up his current position, he spent 3 years as Head of the South Asia Department in the Foreign Office.
Head of Anti-Money Laundering, Sanctions and Anti-Bribery, EMEA
Kathy Woodfine is the head of Anti-Money Laundering, Sanctions and Anti-Bribery for the EMEA region as well as The UK Money Laundering Reporting Officer. She is responsible for these respective programmes across all of Citi’s businesses in the region, overseeing a team comprising of approximately 300 staff spread across a number of different locations.
Prior to joining Citi, Kathy was the EMEA Head of Financial Crime Compliance for Bank of America Merrill Lynch. Between 2005 – 2011, she also undertook similar roles as the EMEA Head of Financial Crime within Nomura International and Goldman Sachs International as well as holding the position as the appointed Money Laundering Reporting Officer. Kathy has wide product knowledge having provided financial crime coverage to a number of business areas over the years including investment banking, capital markets, transactional banking, private banking, asset management and cards.
Kathy began her career at the Bank of England, undertaking a number of roles including within their Economics Division and Banking Supervision Division. During this time she also undertook a secondment to the National Criminal Intelligence Service where she was responsible for, amongst other things, liaising with the UK Government, the regulated sector as well as law enforcement on money laundering trends and typologies. Kathy holds a Bachelor of Science degree in Financial Economics attained from the University of London.