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From insight to impact: ECCTA 2023 (S.188&189), the information sharing force multiplier against economic crime.
The Information Sharing Powers, introduced under the section 188 & 189 of the Economic Crime and Corporate Transparency Act (ECCTA) 2023, provide the regulated sector with the tools and protection to drive forward private to private information sharing within the regulated sector.
As more and more firms build the use of the powers into their controls frameworks and investigative practice, it is increasingly important that you are prepared to engage in their use and have the relevant policy and process in place.
Join us for an insightful webinar exploring how the financial sector is making use of them.
UK Finance, through its Economic Crime Team and the Information & Intelligence Committee, have been leading the charge in supporting the sector in their implementation.
Hear from leaders within the sector on how firms across the financial sector are applying these provisions in practice to help you understand how your firm could use and benefit from them to detect, disrupt and prevent economic crime.
From this session, you will better understand the benefits these powers bring in tackling economic crime and the strategic work UK Finance and its members are leading to help firms unlock their full value.
Head of Financial Crime and Fraud Risk, Monzo
Gareth is Monzo's Head of Financial Crime and Fraud Risk, responsible for Monzo's global systems and controls to prevent and detect money laundering, ...
Gareth is Monzo's Head of Financial Crime and Fraud Risk, responsible for Monzo's global systems and controls to prevent and detect money laundering, terrorist financing, sanctions evasion, bribery and corruption, and Fraud. Gareth has been at Monzo for six years and previously held senior Financial Crime roles at Nationwide Building Society. Gareth is the Deputy Chair of the Banking SARs Working Group, driving improvements in the industry's SARs regime.
Global Head of SARs Oversight, Financial Crime Legal Orders Oversight and UK Nominated Officer, Barclays
Nicola has extensive experience in Economic Crime in the banking sector. Her academic background is in law, having studied in Scotland before becoming...
Nicola has extensive experience in Economic Crime in the banking sector. Her academic background is in law, having studied in Scotland before becoming a New York Attorney. She has held Economic Crime focused roles in banks in the UK and USA and has been the Nominated Officer at two major UK banks.
Nicola held a position on the Law Society of Scotland’s AML Committee, assessing Solicitors compliance with money laundering regulation as well as positions as Deputy Chair and Chair of the banking industry SARs group, attended by major UK banks and the NCA for over 5 years.
Head of Group Financial Intelligence Unit, Lloyds Banking Group
Vickie is Head of the Group Financial Intelligence Unit at Lloyds Banking Group, responsible for assessing emerging economic crime threats for the Gro...
Vickie is Head of the Group Financial Intelligence Unit at Lloyds Banking Group, responsible for assessing emerging economic crime threats for the Group as well as working closely with private and public sector partners to tackle economic crime in the UK.
Vickie is Deputy Chair of the Intelligence and Information Committee, and in this role is working with Industry partners to further operationalise ECCTA information sharing. Prior to joining LBG in 2019, Vickie had a career in Law Enforcement, working in both local and regional policing roles.
Principal, Economic Crime Policy and Strategy, UK Finance
Professionals within:
The Economic Crime Team is responsible for leading the industry’s collective fight against economic crime in the UK, encompassing fraud, anti-money laundering (AML), sanctions, anti-bribery and corruption, law enforcement collaboration and information and intelligence sharing.
At UK Finance we seek to ensure that the UK is the safest and most transparent country in the world from and in which to do financial business. We do this by:
We represent our members by providing an authoritative voice to influence regulatory and political change, in the UK and internationally. We act as advocates on behalf of members to both media and customers, articulating the industry’s achievements and building its reputation.
The team covers all aspects of economic crime, encompassing not just policy and project work but, uniquely, operational delivery, demonstrating tangible savings for members.
UK Finance is considered the definitive source of industry fraud data and statistics. Our Information and Intelligence Unit is the central information-sharing hub for fraud within the financial sector.
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