Diamonds are Forever: Financial Crime and the European Precious Metals and Stones Industry

  • When: December 15, 2017
  • Time: 12PM – 1PM BST
  • Level: All

Due to characteristics including high value, portable, virtually untraceable and odourless commodities, precious metals and stones are often exposed to elevated levels of money laundering risks. Money launderers and terrorist financers are drawn to precious metals and stones—especially diamonds since they are often highly valuable relative to their weight and also have a relatively stable price. During this informative webinar, our experts will explore initiatives undertaken by an organisation involved with one of the largest diamond dealer communities in Europe to raise awareness and bolster measures that can be taken to prevent the misuse of these products.

Learning Objectives

  • Raising awareness about how precious metals and stones are used to launder proceeds of crime
  • Analysing current typologies involving the use of precious metals and stones to move proceeds of crime and conceal its detection
  • Understanding measures that European diamond dealers are taking to comply with AML regulatory requirements

Who Should Attend

  • Chief Compliance Officers
  • Financial Crime Compliance Personnel
  • Lawyers/Accountants

Region/Industry

  • Global
  • Europe
  • Bank
  • Law Enforcement

Moderator

Samantha-Sheen

Bio

Mrs. Samantha Sheen is a financial crime risk professional who recently completed work with a global insurer based in Milan, Italy, where she focused on enhancing its financial crime measures across offices in three continents.

Mrs. Sheen previously worked as the inaugural director of the Financial Crime Division for the Guernsey Financial Services Commission. She joined the Commission in 2010 as its first legal counsel. Prior to joining the Commission, Mrs. Sheen worked as legal counsel for various financial companies both in Canada and Australia. While in Sydney, Australia, Mrs. Sheen worked with a large accountancy firm in its compliance advisory team before moving to Guernsey. Originally from Montreal, Canada, Mrs. Sheen started her legal career in Toronto in the late 1990s.

Moreover, Mrs. Sheen holds a bachelor’s degree in public administration, an LLB and a master’s degree in risk management. She is a member of ACAMS and is a graduate of the Harvard University Kennedy School of Government Strategic Management of Regulatory and Enforcement Agencies program. Mrs. Sheen’s particular area of interest is in relation to the effectiveness of risk management and mitigation measures in influencing changes in staff behavior and culture within financial institutions.

Speaker

Trisevgeni Stavropoulos
  • Trisevgeni Stavropoulos

  • Head of Compliance
  • Antwerp World Diamond Centre

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