Anti-Financial Crime Symposium – Cyprus

  • When:Thursday, 6 February 2020
  • Time:8:00am – 4:45pm
  • Venue: The Landmark Nicosia
    98 Archbishop Makarios lll Avenue
    1516 Nicosia
    Cyprus

Perceptions vs Reality: Fighting Financial Crime in International Business

This one-day symposium seeks to shift perceptions in line with reality. Cyprus can still suffer from ‘headlines of the past’ when in fact compliance officers are taking the fight to financial crime, be it in Financial Services or the large community of Designated Non-Financial Businesses and Professions.

We will hear about the efforts toward the transposition of 5AMLD and thoughts on Cyprus’ MONEYVAL report, which will be discussed at their next plenary meeting in December 2019. Our experts will look back on how adverse media stories have affected reputational risks in relation to financial crime, and tactics to manage communications in light of such events.

We learn of recent regulatory guidance and how to operationalise this to mitigate financial crime risks associated with Virtual Asset Service Providers. We’ll also cover emerging sanctions risks and how to respond to conflicting sanctions regimes.

This year, delegates will participate in a practical and interactive training session on business risk assessments. Aimed at compliance officers in Financial Institutions and those with ‘obliged entities’, including fiduciary services, accounting and audit, legal practitioners, real estate and gaming & gambling, we will learn the challenges of incorporating the results of BRA into their daily business activities and Financial Crime Prevention Training.

Programme-at-a-glance

8:00 – 9:00 Registration and Networking Refreshments
9:00 Welcome and Introductory Remarks
9:10 Keynote Address
9:35 Looking Back and Facing Forwards: Regulator Roundtable on Financial Crime Prevention
10:35 – 11:05 Networking and Refreshment Break
11:05 When the Finger Is Pointed at You: IFCs Financial Crime and the Management of Reputational Risk
12:05 Expect the Unexpected: IFCs and Their Mitigation of Emerging Sanctions Risks
13:05 – 14:05 Networking Lunch
14:05 The Science and Art of Good Financial Crime Prevention (FCP) Training
15:05 – 15:20 Networking and Refreshment Break
15:20 AML Training Session continued
15:50 Riding the Waves and Staying on the Board: Effectively Mitigating Financial Crime Risks in the Growing Virtual Asset Service Provider (VASP) Industry
16:35 – 16:45 Closing Remarks

Pricing

ACAMS Members Non-Members
$475 USD $575 USD
Register Now Join ACAMS

Groups and public-sector employees may qualify for a discount.
Email europe@acams.org for details.

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Moderator

Peter Oakes

Bio

Peter Oakes is a financial services expert in banking, payments, funds, MiFID, FinTech, RegTech, cryptocurrencies and distributed ledger technology industries. His subject matter expertise includes anti-financial crime, corporate governance, directors’ duties, data protection and financial services regulations. Peter is the founder of FinTech Ireland and FinTech UK and is involved with the new FinTech Cyprus initiative. He was appointed as the first Director of Enforcement and Financial Crime at the Irish Central Bank (2010-2013) and has worked as a senior regulator in the UK (FSA), Australia (ASIC) and Saudi Arabia (SAMA) and continues to work with regulators on their supervisory and enforcement strategies.

He is a non-executive director of leading regulated fintech firms Susquehanna (MiFID), Optal Financial Europe (Emoney) and TransferMate (PSD). Peter is retained as board advisor to a number of fintech and regtech, including Corlytics (regulatory intelligence), Ignition Wealth (robo-advisor) and KYCKR (AML / CDD). Peter works with fintech and regtech firms seeking licences in Europe and mentors start-ups. He is a solicitor admitted in the UK, Ireland and Australia.

Nassos Paltayian
  • Nassos Paltayian

  • Head of Compliance & Information Security Officer
  • Abacus Limited

Bio

Nassos began his career as auditor for financial services companies and qualified as a Chartered Accountant. He then moved to Abacus Limited in 2009 as a portfolio manager. In 2014 he became an ACAMS member and soon after CAMS certified.

Since 2015 Nassos has served as the Information Security Officer while simultaneously heading the Compliance Department at Abacus Limited.

Nassos has given a number of presentations on both Compliance and Information Security in Cyprus and abroad.

Nassos is also a founding member and Vice chair of the ACAMS Cyprus chapter, Chairman of the ICPAC AML & Compliance committee, and a member of the CFA Compliance committee. He was also the leader of the DNFBP module for the National Risk Assessment and participated in numerous task forces for the issuance of Directives, Guidance Notes and Certifications in the field of AML, CTF and Compliance.

Speakers

Paul Coady
  • Paul Coady

  • Head of Anti-Financial Crime (Americas) Development
  • Deutsche Bank

Bio

Paul Coady has over 20-years’ experience in global financial services. He has worked in Dublin, London and New York and has led significant compliance and financial crime operations and transformation across the UK, North America, Europe, Asia and Africa.

His particular focus over the last 15 years has been on influencing compliance, conduct and culture and he has held senior roles as the Business Ethics, Policies & Training Manager for Allied Irish Bank, Global Chief Compliance Officer for DBRS Credit Rating Agency and Group Head of Compliance Policy & Learning for Barclays.

Paul is currently Head of Anti-Financial Crime (AFC) Development for Deutsche Bank in New York having previously established their Global Conduct, Organisation & Regulatory Education (CORE) and Global Anti-Financial Crime Education programs.


Professor George Giaglis
  • Dr George M. Giaglis

  • Executive Director, Institute For the Future (IFF)
  • University of Nicosia (UNIC)

Bio

Professor George M. Giaglis is the Executive Director of the Institute for the Future (IFF) at the University of Nicosia (UNIC), as well as a leading expert on blockchain technology and applications and advisor to many blockchain projects and technology start-ups. Prior to joining UNIC, he was Professor at the Athens University of Economics and Business (2002-2017), where he also served as Vice Rector (2011-2015). George has been working on digital currencies and blockchain since 2012, with his main focus being on new forms of industrial organization (programmable smart contracts, decentralized applications and distributed autonomous organizations) and new forms of corporate financing (tokenised assets and the token economy).

He has been one of the first academics to research and teach on blockchain, having: designed the curriculum of the world’s first full academic degree on blockchain (MSc in Blockchain and Digital Currency at UNIC); led the development of blockchain credentialing technology that has resulted in the first ever publishing of academic certificates on the blockchain; taught on the disruptive innovation potential of blockchain, both at academic programs and in executive seminars worldwide; organized a number of prominent blockchain conferences and events, including the annual European conference series Decentralized.

Throughout his career, he has published twelve books and more than 170 articles in leading scientific journals and conferences, while he is frequently interviewed by media and invited as keynote speaker or trainer in events across the globe. He is the Chief Editor for Blockchain Technology at the Frontiers in Blockchain Journal and member of the Editorial Board at Ledger.


Jon Mcleod
  • Jon Mcleod

  • Partner, UK Head of Public Affairs
  • Brunswick Group

Bio

Jon joined Brunswick Group in September 2018. He has over 25 years’ experience in public affairs and corporate communications; most recently at Weber Shandwick where he was Chairman of UK Corporate, Financial and Public Affairs, and of its Manchester office.

Jon has led a distinguished career as a leading public affairs practitioner, advising multi-sector clients across political, regulatory, financial and legal affairs.

His clients include Baker McKenzie, Cellnex, Chrysaor, PwC, Schroders, and Standard Chartered.

Jon has a Masters in Russian and French from King’s College, Cambridge, and he is a Board Member of the Hallé Orchestra.


Yehuda Shaffer
  • Christophoros Pericleous

  • Deputy Head of Compliance
  • RCB Bank Ltd

Bio

Christophoros is the Deputy Head of Compliance of RCB Bank Ltd and responsible for the supervision of the AML / CTF units. Some of his roles include, inter alia, handling complex transactions and structures, implementing policies for sanctions compliance, implementing compliance automated tools for complying with international sanctions and embargoes, performing compliance audits and investigations as well as providing training to the Bank employees.

Prior to joining RCB Bank Ltd, Christophoros worked as the Head of Legal & Compliance Department of a French-based Bank, SBA Bank S.A, where he was also the designated Money Laundering Compliance Officer.

Christophoros holds a Law Degree and Business Diploma from a UK university and specializes in Banking, Sanctions, Anti-Money Laundering and Financial Crime. He is also a member of the Cyprus Bar Association and ACAMS Cyprus Chapter Board.


Yehuda Shaffer

Bio

Yehuda Shaffer is an independent consultant specializing in risk and wealth management both in the private and governmental sector with specific expertise in AML CFT, FATF evaluations, and in the investigation and prosecution of financial crime money laundering terror financing and confiscation of assets. Mr Shaffer served as the Israeli Deputy State Attorney (Financial Enforcement) overseing all investigations and prosecutions of proceed generating crime including money laundering and confiscation. Before that, he was the director and founder of IMPA – (Israel Money-laundering and Terror Financing Prohibition Authority) the Israeli FIU (Financial Intelligence Unit) in the Ministry of Justice.

Mr. Shaffer has represented the state of Israel, the Israeli prosecution service, and the Israeli FIU in various international fora, (CAT Geneva, International Prosecutors Association (APA), The Egmont group, OECD, Council of Europe (Moneyval) and FATF). He has been an expert evaluator in several Anti Money Laundering and Countering Terror Financing (AML/CFT) evaluations on behalf of the Council of Europe (Moneyval) and the IMF. (Greece, Bosnia and Herzegovina, Montenegro, Poland, Jersey, Isle of Man), and as a regular trainer of evaluators in Moneyval\FATF evaluator courses. Also, he serves regularly as an expert as part of technical assistance programs for FIU, Police, Prosecutors and Judges, as well as with regarding to drafting of legislation, National Rik Assessments (NRA), on behalf of the CoE UNODC.


Zia Ullah
  • Zia Ullah

  • Partner and Head of Corporate Crime and Investigations
  • Eversheds International

Bio

Zia is a partner and Head of Eversheds Sutherland’s Corporate Crime and Investigations group and a specialist in International Sanctions, AML and ABC. Ranked in Legal 500 he advises on all aspects of corporate and financial crime compliance and was previously the global head of Sanctions and AML/ABC Policy at Barclays. Zia is a current FCA approved ‘Skilled Person’ for Financial Crime. Zia qualified as a lawyer in the UK in 1999 and also qualified to practice in Ireland.

Zia is a regular speaker at a number of financial services industry bodies including the British Bankers’ Association (BBA), the Anti-Money Laundering Professionals Forum, the Association of Certified AML Specialists, and International Association of Money Transfer Networks. Zia has written numerous articles on Sanctions, AML and ABC compliance for industry publications such as Complinet and Thomson Reuters Accelus and has appeared on BBC radio and TV. Zia is also chair of the advisory board at MyComplianceiq.com, a specialist compliance e-learning portal, assisting the team with the formulation of their syllabus.


Alfred Zammit

Bio

Alfred Zammit is the Deputy Director of the Financial Intelligence Analysis Unit (FIAU), Malta’s government agency established to combat money laundering and the funding of terrorism. Mr Zammit joined the FIAU in 2010 and is responsible for assisting the Director of the Unit and for providing strategic direction to the various sections of the Unit, including the section responsible for the analysis of suspicious transaction reports (STRs), the AML/CFT supervisory and enforcement teams of the FIAU, and the legal and international relations section.

Mr Zammit regularly participates in AML/CFT international workshops and conferences, frequently representing the FIAU in international fora covering meetings of the Egmont Group of FIUs, the EU FIU Platform and Moneyval among others. He contributed to several AML/CFT training sessions both locally and internationally and provided his assistance and expert opinion in formulating AML/CFT guidance documents, legal amendments and transposition of EU AML/CFT directives. Within the FIAU, Mr Zammit also participates in the various internal committees, such as the Compliance Monitoring Committee which reviews compliance cases and possible breaches by subject persons of the pertinent legislation.

In 2005, Mr Zammit graduated with a Bachelor of Commerce (Honours) degree in Management and Economics at the University of Malta, and after graduating, he joined the Central Bank of Malta and was responsible for the analysis and assessment of data of institutions operating in the bank and non-bank financial sectors as part of the Central Bank of Malta’s process assessing the economy’s financial stability. Prior to joining the FIAU, Mr Zammit also worked for a number of years within the private sector in the provision of company services.

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