8:00 Registration and breakfast

8:50 Chair’s opening remarks

REGULATION

09:00 Reviewing the regulatory landscape to stay ahead of continuous change

Session details 

  • Understanding impact of companies house reform
  • Legislation pressures from the government to expediate certain measures
  • Expectations included in the third Economic Crime Bill
    • Proportionality involved when releasing
  • Managing ambiguity in compulsory regulation around consumer protection
  • Understanding upcoming AI regulations
  • Enforcement of the money laundering act
  • Increased guidance from regulatory authorities

GLOBAL REGULATION

09:35 Managing the increased globalization of regulatory expectations and enforcement

Session details 

  • Enhancing global collaboration on enforcement
  • Managing disconnect across international expectations and enforcement
  • Reviewing impact of regulatory disparities on assessment of risk and compliance resources
    • Addressing AML/KYC and beneficial ownership challenges
  • Approaches to meet regulatory expectations.

Robertson Park, Shareholder, McGonigle, PC

10:10 Morning refreshment break and networking

SCAMS – PANEL DISCUSSION

10:40 Managing increasingly complex scams landscape as tactics continue to evolve

Session details 

  • Global collaboration to address and track fraud across multiple locations
  • Identifying scams that are conducted through high level geolocation technology
  • Challenges detecting transfer of funds to multiple jurisdictions
  • Identifying falsified information and money laundering within lending products
    • Government controls in place to prevent falsified documents.

Vinaya Parvate, Managing Director, Global Head Fraud Risk Oversight, Citi
Senior Executive, D4t4 Solutions

DETECTION

11:20 Whistleblowing: an alternative method of fraud detection to traditional fraud controls

Session details 

  • Why whistleblowing is a better alternative to traditional fraud detection techniques
  • How whistleblowing currently operates as a method of fraud detection globally
  • What steps organisations should take when using whistleblowing as a fraud detection method

Natalie Sookhoo, Vice President – CCO Investigations and Anti-Fraud, Credit Suisse

KYC

11:55 Using technology to mature KYC processes and reduce false positives

Session details 

        • Impact of too many false positives on your KYC models
        • Implementing AI standards with no bias
        • Challenges with using an external vendor solution for KYC
        • Ethical concerns within KYC
        • Managing the impact of future AI regulations on KYC
        • The potential challenge that climate risk could have on KYC

Guy Mettrick, Global Industry Lead – Financial Services, Appian

12:30 Lunch refreshment break and networking

CRYPTOCURRENCY – PANEL DISCUSSION

1:30 Managing an intensifying scams landscape within crypto and managing heightened fraud and money laundering risks

Session details 

    • Understanding cryptocurrency as an investment to avoid fraud
    • Detecting the vulnerabilities fraudsters capitalize on
    • Educating novice cryptocurrency investors
    • Understanding why and how cryptocurrency is used to commit crime
    • Tracking cryptocurrency that has been laundered between jurisdictions
    • Recovering assets related to cryptocurrency
    • Future state involvement in cryptocurrencies

Faizal Nunes, Deputy – Global Head of Anti-Fraud, Credit Suisse
Basima Khuram, SVP, UK Financial Crime Advisory, BNY Mellon (tbc)

MONEY LAUNDERING

2:10 Identifying and mitigating money laundering as systems become increasingly digitized

Session details 

    • Effectively managing trade-based money laundering as a threat
    • Managing multijurisdictional challenges
    • Lack of standardization in documentation
    • Leveraging advanced technologies to identify bigger risks from money laundering
    • Managing increased money laundering activity caused by stricter sanctions
    • Co-operation between public and private sectors to identify suspicious transactions and combat money laundering
    • Distinguishing between fraud and money laundering
    • – Money laundering threats posed by alternative payment platforms

Ionela Emmett, Head of Fraud & AML Investigations Manager UK, Compliance Group, Commerzbank

SANCTIONS IMPLEMENTATION – PANEL DISCUSSION

2:45 Managing complex sanctions requirements and approaches for effective implementation of changes

Session details 

    • Understanding the resources behind sanctions which make them effective and efficient
    • How technology can and has assisted with implementing sanctions
    • Ensuring systems can keep up with ever-changing sanctions
    • Managing allocation of resources amidst the geopolitical crisis
    • Lessons learnt from fast paced Russian sanctions
    • Maintaining a team with consistent understanding of sanctions, laws and regulations
    • How organizations are mobilizing themselves around such intense sanctions
    • Reviewing sanctions strategy and what are separate regions trying to achieve

Chloe Cina, Head of Global Sanctions Advisory, Deutsche Bank

3:25 Afternoon refreshment break and networking

UNINTENDED SANCTION CONSEQUENCES

3:55 Reviewing the long term implications and potential unintended consequences of extreme sanctions

Session details 

    • Reputational risk associated with doing business with sanctioned organizations/countries
    • Supply chain issues by not being able to trade within Russia
    • Increased risk of cyber/ransomware attacks from Russia
    • Increased use of money laundering in alternative currencies
    • Reputational risk of working with Russia
    • Effectively managing other fraud responsibilities’ whilst actioning sanctions
    • After effect of sanctions if the Russia/Ukraine conflict was to end
    • Sanctioned individuals exploiting the use of cryptocurrency

Riley Peterson, Director, Head of Strategy and Governance, MUFG

DIGITILIZATION

4:30 Managing increased security vulnerabilities and infrastructure challenges with enhanced digitalization

Session details 

    • Effectively managing fraud in an increasingly digitalized environment
    • Ensuring internal and external fraud risk is not embedded into any digitalization process
    • Overcoming outsourced internal fraud created by digitalization
    • Addressing challenges created by digitalization

Amit Lakhani, Head of IT Risk, TPRM and Fraud Risk Management for CIB, BNP Paribas

DIGITAL IDENTITY

5:05 - Understanding the impact of digital identity and the role it plays in fraud and financial crime

Session details 

    • More session details coming soon

Dr Philip Bonhard, Head of Design – Security, Authentication and Identity, Lloyds Banking Group

5:40 Chair’s closing Remarks
5:50 End of Day One and networking drinks reception

8:00 Registration and breakfast

8:50 Chair’s opening remarks

CYBER CRIME – PANEL DISCUSSION

09:00 - Managing cybercrime in an increased digitalized working environment

Session details 

    • Managing intensified cyber attacks on financial institutions influenced by the ongoing global crisis
    • Detecting new techniques being used by cyber criminals
    • Understanding the threat cyber attacks pose on your institution
    • Ensuring your organizations security is advanced enough to protect against the increasing intensity of cyber attacks
    • Heightened risk of cyber attacks on countries with stronger sanctions against Russia
    • Measures to be taken to protect your institution from data breaches

Amit Lakhani, Head of IT Risk, TPRM and Fraud Risk Management for CIB, BNP Paribas

RANSOMWARE

09:50 Developing measures and steps to mitigate the risk of ransomware attacks and increasing awareness and training

Session details 

    • Overcoming a ransom attack with data held to ransom
    • Measures and steps that can be taken to prevent ransomware attacks
    • Ensuring security between systems to mitigate the risk of attacks
    • Understanding implications of paying a ransom attack
    • Mitigating risk once a company has been subject to an attack to prevent further breaches

10:30 Morning refreshment break and networking

TRANSACTION MONITORING

11:00 Enhancing controls for transaction monitoring to ensure accuracy and effectiveness of programs

Session details 

    • Understanding the need for more fields of information when monitoring transactions
    • Effectiveness of inputted information into transaction monitoring system
    • Implementing correct typologies into transaction monitoring
      • Identifying dangerous typologies
    • Defining what is considered to be suspicious activity
    • Regulatory impacts for transaction monitoring innovation.

Alexander Fisher, Director, Group Financial Crime Intelligence and Investigations, Standard Chartered Bank

FIRST PARTY FRAUD

11:40 Addressing the increase in first party fraud as a result of global volatility and Covid-19 scams

Session details 

    • Heightened monitoring capabilities to mitigate the risk of first party fraud
    • Monitoring across applications to identify fraudulent activity
    • Using systems to effectively distinguish true and falsified documents
    • Regulatory requirementsfor increased monitoring by the end of 2023
    • Managing consumer fraud in a new setting and environment
    • Combatting consumer fraud with the use of heightened verification

12:20 Lunch break and networking

INTERNAL FRAUD

1:20 Managing an increased risk of internal fraud as a result of financial strain and controls with remote working

Session details 

    • Detection techniques of internal fraud and understanding causes
    • Correlating the increase in internal fraud with recent global events
    • Using technology as a tool to identify internal fraud
    • Cost-optimization of internal fraud
    • Distinguishing internal fraud between criminals and employees
    • Preventing internal fraud in a hybrid working environment
    • Creating a good working culture to prevent internal fraud

John Keogan, Head, Fraud Risk – Internal Fraud Prevention, Standard Chartered Bank

CULTURE & CONDUCT

2:00 Defining and managing culture and conduct and moving towards an industry standard

Session details 

      • Focusing on looking at culture and conduct through a financial crime lens
      • Defining conduct and culture and the influencing factors that impact the definition
      • Increased appetite of culture and conduct from regulators
      • Identifying responsibility of defining culture and conduct
      • Creating conduct issues with unrealistic targets
      • Lack of guidance and prescriptive standards from regulators

      Culture and conduct impact on varying stakeholders

Paul Coady, Global Head of AFC People, Education & Culture, Deutsche Bank

GREENWASHING – PANEL DISCUSSION

2:40 Viewing greenwashing as a fraudulent activity and the impact of uncertainty on the industry

Session details 

    • Addressing the reputational risk associated with green investing
    • Guidance from regulatory authorities on defining what ‘green’ means
    • Consequence for falsely reporting on green metrics of your organization

Dr Liliya Gelemerova, Head of UK Financial Security, Credit Agricole CIB
Jacobo Munoz Agra, Managing Director, Head of Compliance UK & Europe, Rabobank
Jane Alimonda, Head of Internal Audit, ESG Fraud and Financial Crimes, MUFG

3:30 Morning refreshment break and networking

TECHNOLOGY

4:00 Leveraging advancements in technology to better detect fraudulent activity and prevent it from entering the financial system

Session details 

    • Understanding how technology can be used to mitigate fraudulent activity
    • Leveraging AI and Machine learning to better identify signals
    • Managing technology that sits outside of current regulations
    • Ensuring an equality approach to technology
    • Transitioning away from rules-based fraud strategies to advanced analytics
    • Creating a better decision-making strategy to keep up with innovation

MODEL RISK – JOINT PRESENTATION

4:40 Model risk and model validation of fraud and KYC models having AI and ML as emerging trends

Session details 

    • Model Risk Management at ING
      • What we do as a team
    • Solution and Dilemma of KYC/ Fraud model validation
    • Challenges in AI models within KYC and Fraud domains
    • Future of KYC and Fraud
    • Model Ethics
    • Session details coming soon

Ayan Mukherjee, Senior Product Owner, VP, Model Validation, ING Bank
Michiel van Lunsen, Data Science Model Validator, ING Bank

5:20 Chair’s closing Remarks
5:30 End of Summit