KYC / CDD for the 21st Century

In the last year, the issues of Know Your Customer (KYC), Customer Due Diligence (CDD) and the identification of ultimate beneficial owners have become urgent priorities for AML professionals across Europe.

Greater emphasis is being placed on the importance of transparency, as well as how CDD can help maximise the effectiveness of ongoing monitoring activities. Meanwhile, the AML landscape is being rapidly transformed by advances in technology, innovation in financial services and growing international collaboration to fight tax evasion and other crimes linked to money laundering.

This full-day interactive seminar will provide practical yet state-of-the-art strategies for conducting KYC/CDD in this swiftly changing environment. Led by veteran AML professionals and peers from fellow financial institutions, participants will build upon their existing expertise in preparation for the anticipated additional shifts in the AML regulatory landscape in 2017.

Learning Objectives

  • Upgrading existing KYC/CDD skills to reflect technological and regulatory shifts
  • Examining case-studies and engaging in cooperative group exercises to discern best practices for existing AML regimes
  • Learning detailed and up-to-date practice aspects of AML principles and skills for immediate application

Agenda-at-a-glance

8:00 – 9:00 Registration and Networking Breakfast
9:00 – 9:15 Welcome Remarks
9:15 – 10:15 Determining Ultimate Beneficial Ownership: Mastering the Rigours of CDD on Trusts, Foundations and other Legal Arrangements
10:15 – 11:15 The Innovator Dilemma: Conducting CDD on Transformative Businesses
11:15 – 11:30 Networking and Refreshment Break
11:30 – 12:30 Harnessing Data Tools to Optimise CDD and EDD Scrutiny
12:30 – 12:45 Interactive Q&A
12:45 – 14:00 Networking Luncheon
14:00 – 15:00 Make Your CDD Smarter: Optimising the Oversight Value of Automated Screening Tool ‘Hits’
15:00 – 15:15 Networking and Refreshment Break
15:15 – 16:15 Tax Evasion Spotlight: Employing CDD to Spot and Resolve Red Flags
16:15 – 16:30 Q&A and Closing Remarks
   

Sponsors

Silver Sponsor

FinScan

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Pricing

ACAMS Members Non-Members
$525 USD $625 USD
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Registration

This event is at capacity, and registrations have closed.

Registration Closed


 

Speakers

Ross Bateman
  • Ross Bateman

  • Consultant
  • Redwood Offshore Limited

Bio

Ross has over 25 years’ experience in trust administration, management and risk in both Guernsey and Bermuda, handling complex structures and international clients. Ross’ most recent engagements have included AML advisory and remediation work with a local trust and corporate service provider in Guernsey, and later acting as the provider’s Head of Risk.

Ross began his financial services career with Barings Bank before moving to the NM Rothschild group, where he progressed to acting as the assistant director of its trust company. Ross subsequently worked with Deutsche Bank in the areas of trust AML compliance risk and remediation before moving to Bermuda, where he served as an Assistance Vice President for Butterfield Trust, a private bank, and later as Director for Grosvenor Trust Company Limited.

Ross is a member of the Society for Trust and Estate Practitioners (STEP) and holds a BSc in Economics and statistics.


John Vallis
  • David Farrelly

  • Senior Manager
  • Redwood Offshore Limited

Bio

David has over 10 years of experience in compliance, regulation and risk and over 17 years’ experience working in the financial services industry. David is a Senior Manager of Redwood Offshore Limited, a consultancy firm offering compliance support and MLRO services including bespoke due diligence remediation projects and independent assessments of licensees AML policies, procedures and controls.

Prior joining Redwood, David spent 8 years at the Guernsey Financial Services Commission working in the Investment Division, the Enforcement Division and leading AML on-site examinations of trust and corporate service providers, as a member of the Financial Crime Division. David was the case officer on a number of high profile and complex multi-jurisdictional enforcement matters and was a team member involved in the preparations for the assessment of the Guernsey regulator and regulated financial sector by MONEYVAL. More recently, David worked for the branch of an international bank in Guernsey, overseeing the implementation of the compliance monitoring programme for the Fiduciary, Investment and Banking companies, while also acting as the AML Nominated Officer for both the Banking and Fiduciary businesses.

David is a member of ACAMS, CAMS graduate, and an associate member of the Chartered Institute for Securities and Investments. David holds a degree in Business Studies and a BSc from the Open University.


Alan Kennedy
  • Alan Kennedy

  • Managing Director
  • Trident Tax Limited

Bio

Alan began his career at HMRC where he undertook full professional training and examinations to qualify as a senior Inspector of Taxes. Alan joined KPMG in 2001, spending 8 years there before leaving to form Trident in 2009.

Alan has undertaken a wide variety of tax advisory and tax dispute resolution work for individuals, private companies and trusts. Alan frequently advises on HMRC investigations, voluntary disclosures using the Liechtenstein and Crown Dependency facilities, restructuring businesses for growth and development in the UK and overseas, pre-sale re-organisation work, general M&A tax work, tax residence and domicile issues, inheritance tax aspects of succession planning and wealth preservation, dealing with employee benefit trusts and employer financed retirement benefit schemes and all types of contentious tax disputes.


Gemma Rogers
  • Gemma Rogers

  • Director
  • Fintrail

Bio

Gemma is a director with Fintrail Ltd, a London-based boutique consultancy firm. Gemma previously worked as the Global Deputy Head of the FIU at HSBC. Gemma has a passion for changing the terms of debate around financial crime risk management, debunking the lethargic tick-box concepts of old and focusing on intelligent, inclusive and business-focused solutions.

Drawing on her wealth of experience across disruptive services, international banking and the public sector Gemma brings clients deep domain knowledge of financial crime risks, as well as an ability to execute intelligent frameworks across both emerging platforms and established financial services.


Simon Thacker
  • Simon Thacker

  • Head of Digital Open Source Analysis
  • Cabinet Office

Bio

Simon has worked for the UK government for over nine years in a variety of roles. He has built up a broad range of expertise in analysis, especially using digital tools and techniques to find open source information and build geo-political risk products. He brings extensive experience of how technology and the growth of data are transforming organisational culture and he is passionate about helping organisations and analysts take advantage of new and exciting technologies to produce better analytical insights.


John Vallis
  • John Vallis

  • Global Head of Sanctions Operations, Financial Crime Compliance
  • HSBC

Bio

John Vallis has close to 20 years of experience in Financial Services, focused on Risk and Compliance Operations in Tier 1 institutions. For the past 3 years he has been a senior Director in Financial Crime Compliance at HSBC, responsible for the operational delivery of screening/monitoring activities in support of the Bank’s ongoing commitments to AML and Sanctions regulations. John has been instrumental in the design and implementation of an operational framework within HSBC to enable the organisation to address Operations issues relating to its Deferred Prosecution Agreement, and has overseen a period of exponential growth between early 2013 and present day, for both Sanctions and AML activities.

He is an industry leader in developing innovative solutions to managing the demands of a rapidly changing Operational landscape, and has been instrumental in bringing together elements of Technology, Analytics and Operations to manage risk effectively.