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.

Speakers

Frederic Masse
  • Dr Frédéric Massé

  • Expert on the Financing of Illegal Armed Groups through Gold

Bio

Dr. Massé was director of the Research and Special Projects Center (CIPE) at the University Externado de Colombia until last September. He is one of the premier experts on financing of illegal armed groups—particularly in Colombia—through their involvement in the production and trade of gold and other minerals. Massé has been invited in Latin America, Europe, Africa (Morocco, DRC and Niger) and Asia (Iraqui Kurdistan). From 2015 to 2017, he conducted the studies on Due Diligence in Colombia’s Gold Supply Chain, as a consultant for the OECD Secretariat.

He previously worked with International Crisis Group in Colombia and coordinated the Disarmament, Demobilization and Reintegration research unit of the Toledo International Center for Peace – CITpax – (Bogotá based). He continues to be a reference on the topic of conflict resolutions and the Colombian peace process. He has published several policy reports and academic articles; he also publishes regularly opinion pieces in Colombian national newspapers.

Dr. Massé holds a PhD in political science and international relations from the Institute of Latin American Studies of the Sorbonne Nouvelle University in Paris. He has been working in and on Latin America for more than 25 years, specializing in armed conflicts, conflict resolution, illegal armed groups and peace processes. His PhD thesis dealt with the role of the United Nations in El Salvador peace process and was a post-doctoral fellow at the Inter-American Studies Center from the Laval University in Quebec (Canada).


Jean Claude Michelou
  • Jean Claude Michelou

  • Gems and Jewelry Resource Strategist

Bio

Jean Claude Michelou has been active in gemstone trading, mining , cutting and export since 1977 as well as rough colored gemstones sourcing strategist from different origins.

He has served 8 years as Vice president of his 16 years on the Board of Director of the International Colored Gemstone Association , ICA. More recently he has been active as a consultant for the USAID , the World Bank , Government agencies and Mining companies and has worked in different countries on the development of infrastructures and policies from mine to market for the gemstone industry .

He has been working on the development of Fair and Ethical Trade and Mining Standards and Social responsibilities initiatives for Artisanal and Small Scale mining communities.

He is an Advising Director to the ICA Board , heading the Compliance and Sustainibility committee . He is ICA Chairman of the Ambassadors and Communication committees as well as the Editor-in-Chief of colored Gemstone International Publication, InColor magazine.

Jean Claude Michelou is a Senior Technical Advisor for the UNICRI (UN) on the Gems and Jewelry Supply chain for the project “Illicit Trafficking of Precious Metals and Traceability and Ethical Origins of Colored Gemstones”. He is also on the Board of Advisor of the Gemstones and Sustainable Development Knowledge Hub as well as an active contributor to the OECD forums on precious metal and gemstones.


Trisevgeni Stavropoulos
  • Trisevgeni Stavropoulos

  • Head of Compliance
  • Antwerp World Diamond Centre

Bio

Trisevgeni Stavropoulos is a law graduate at the University of Antwerp (Belgium) and obtained an LLM at the Royal University of Brussels in Corporate Law. She also graduated from the Accelerated Management Program at the Solvay Business School. She started working at the Antwerp World Diamond Centre/AWDC (representative body of the Antwerp diamond industry) in 2007 as legal officer and works since several years as Head of Compliance at the AWDC making sure the Antwerp diamond industry maintains its leading role globally in terms of commitment to transparency and compliance.

Register Below