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 conducting training within their organisations. Aimed at all three lines of defence in Financial Institutions and those with ‘obliged entities’, including fiduciary services, accounting and audit, legal practitioners, real estate and gaming & gambling, we will also learn about the interactions with Business Unit Risk Assessments and Financial Crime Prevention Training.

We’re extremely honoured that the Minister of Finance of the Republic of Cyprus and the Chairwoman of CySEC will join us as keynote speakers.

Programme-at-a-glance

8:00 – 9:00 Registration and Networking Refreshments
9:00 Welcome and Introductory Remarks
9:10 Keynote Address

Constantinos Petrides
Minister of Finance of the Republic of Cyprus
Demetra Kalogerou
Chairwoman
Cyprus Securities and Exchange Commission
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

Diamond Sponsors

ecommbanx

ecommbanx

ecommpay

ecommpay

Silver Sponsors

Eurobank Cyprus

Eurobank Cyprus

HARNEYS

HARNEYS

iSPIRAL

iSPIRAL

KPMG

KPMG

Pricing

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

Registrations for this event have now closed. For enquiries, please contact europe@acams.org

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

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Keynote Speakers

Constantinos Petrides

Bio

Constantinos Petrides assumed office as Minister of Finance of the Republic of Cyprus on 3 December 2019. Prior to his appointment, he served as Minister of Interior (1 May 2017 – 3 December 2019) and Deputy Minister to the President of the Republic of Cyprus since (1 March 2013 – 30 April 2017).

From September 2011 to February 2013, he was the Director of the Office of the President of the Democratic Rally.

In 2006 Mr. Petrides was hired at the European Commission in Brussels where he worked as an economist at the Directorate General for Agriculture and the Directorate General for Competition until September 2011. During his stay at the European Commission, he served as negotiator of trade liberalisation agreements between the EU and third countries and also worked on issues of public aid in the field of transportations.

From 2000 until 2006, he served as Senior Officer at the Association of Cyprus Banks and as representative of the Association to the European Banking Federation and the National Euro Changeover Committee.

During the negotiations for Cyprus’ accession to the EU in 2000, Mr. Petrides worked on issues of harmonisation at the Directorate for EU-Cyprus relations of the Planning Bureau.

He studied Economics at the University of Nottingham and then acquired an MSc in Political Economy of Transition in Europe from the London School of Economics and Political Sciences.


Demetra Kalogerou

Bio

Demetra Kalogerou (BSc, MSc, MPhil) is the Chairwoman of the Cyprus Securities and Exchange Commission (CySEC), the public independent supervisory authority responsible for the overall supervision of the securities market in Cyprus. Also, as of November 2012, she is a member of the Cyprus Public Audit Oversight Board, which has been established for the oversight of auditors and audit firms.

Furthermore, from September 2013 to June 2014 Mrs. Kalogerou served as member of the then tripartite Resolution Authority together with the Minister of Finance and the Governor of the Central Bank of Cyprus. Previously she held the position of a Senior Officer of the Cyprus Stock Exchange and overall she has more than 15 years’ experience in the financial sector.


Moderators

Rajeev Ahya
  • Rajeev Ahya

  • Financial Crime Subject Matter Expert, EMEA
  • ACAMS

Bio

Rajeev has worked in London’s financial markets for over a decade having started his career in the front office with Lloyds Banking Group and subsequently at Barclays Wealth International. In the aftermath of the financial crisis, he worked on various Financial Crime change programs driven by regulatory demand delivering target operating models at Santander and Lloyds. Most recently, he worked in the Commercial Banking Control Function at Lloyds in a Financial Crime advisory capacity with a focus on Correspondent Banking & Financial Institutions.

Since joining ACAMS as a Financial Crime Subject Matter Expert, Rajeev has been extensively involved in research and development of new ACAMS certifications, direction of programming for ACAMS conferences and facilitation & moderation of training; as well as network outreach and thought leadership in the Anti-Financial Crime space.


Shilpa Arora

Bio

Shilpa Arora joined ACAMS in January 2020 as Anti-Money Laundering Director for Europe, Middle East and Africa. Shilpa is accountable for ACAMS regional conferences, curriculum development, product expertise and thought leadership. Shilpa works closely with senior policy makers, regulators and industry practitioners to increase transparency and information sharing. She participates in sector, national and international think tanks. Shilpa manages multilingual faculty of leading subject matter experts and instructors to work with ACAMS on curriculum development, instruction, event programming and task forces. She represents ACAMS by speaking at select major industry events and conferences in the region.

Shilpa is an industry expert in financial crime prevention in the financial services sector. She has a strong understanding of risk frameworks and control environments. She is highly regarded for her ability to deliver large scale culture change and transformation in technology and financial crime prevention.

Previously Shilpa was the Head of Financial Crime Prevention for the Retail and Business Bank in Santander UK. She was accountable for all areas of financial crime prevention including KYC/ CDD, customer screening, payment screening, transaction monitoring, customer risk assessment and assurance. She led the bank through the implementation of AML/ CTF and ABC policies, advisory on high risk onboarding, training and communication and risk assessments. She also held leadership roles in Barclays in financial crime prevention, governance and controls and led large transformation programmes.

Shilpa has a background in technology and holds a degree in computer science where she was the top student. She also holds an MBA from Cass Business School which she completed with distinction.


Sam Cousins

Bio

Sam Cousins is a Sanctions and Risk Associate at ACAMS, where his work includes supporting public-private partnerships and strengthening ACAMS thought leadership pillar through assisting the development of new content on sanctions and risk.

Prior to ACAMS, Sam worked on the Sanctions Policy team at UK Finance, where he gained experience working with global financial institutions and governments on sanctions compliance issues. He also has previous experience with NATO’s Centre of Excellence for Defense Against Terrorism and as a Research Assistant at the University of Nottingham. In these roles, Sam’s research focused on counter-terrorism studies, as well as transnational organised crime and national security. Sam also holds a Masters of Research in Politics and a bachelor’s degree in History and Politics, both from the University of Nottingham.


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

  • Vice-chair ACAMS Cyprus Chapter, 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

Colin Butler

Bio

Colin joined Credit Suisse in April 2014 prior to becoming the Head of Sanctions for UK and EMEA, a position he has held since September 2014. Colin’s move to the Sanctions desk coincided with the expansion of sectoral sanctions under the EU and US Russian/Ukrainian sanctions regimes. Consequently, the majority of his advisory assistance, to both the Investment and Private bank, has had a Russian emphasis.

Prior to joining Credit Suisse Colin spent 16 years as a civil and commercial litigator (and Cedr accredited commercial mediator) in private practice. During this time he acted for a wide variety of clients from banks, hedge funds (and their beneficial owners) to large commercial concerns in the UK, Central and Eastern Europe, and well-known individuals. For 12 of those years Colin was a partner within a medium sized commercial practice, the last 6 of which were spent as managing partner of the London office.


Ashley Campbell

Bio

Ashley is a sanctions professional and SME within Santander UK, who has been working in financial crime teams for ten years. Ashley began her sanctions career in the forensic accountancy team at Grant Thornton working with a number of banks that were affected by UK Sanctions, in particular during the Arab spring. From Grant Thornton Ashley moved to Chubb insurance assessing sanctions screening alerts and providing advice on policies.

Currently Ashley is a Manager within the Financial Crime Strategy, Policy and Frameworks team at Santander UK Plc, focusing on ensuring that the Sanctions Policy and Standards for Retail and Corporate Bank operations is updated and fit for purpose. This includes, providing guidance on complex sanctions referrals and identified risks, advising senior managers on new sanctions legislation coming over the horizon and risk assessing the impact on the banks systems and controls.

In her spare time Ashley is a keen runner and avid traveller, usually combining the two with taking part in races in different cities.


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

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.


Kyriakos Iordanou
  • Kyriakos Iordanou

  • General Manager
  • The Institute of Certified Public Accountants of Cyprus

Bio

Kyriakos Iordanou is the General Manager of the Institute of Certified Public Accountants of Cyprus (ICPAC) since January 2012. He has been actively involved with the Institute for many years, serving as a Council member between 2002 to 2011, holding the position of the Vice President for the period 2009-2011.

Kyriakos’ professional career began in January 1995 in the banking sector and spanned as financial controller in public and private companies, as well as financial and business advisor to firms in Cyprus and abroad until 2004. He then worked for the Human Resource Development Authority of Cyprus, initially as the chief accountant and then as the internal auditor from 2004 until the end of 2011. He also served as a council member of the Cyprus Institute of Internal Auditors (2006-2011).

Kyriakos qualified as a Certified Accountant in 1997 and is now a Fellow of the Association of Chartered Certified Accountants (ACCA). Kyriakos is a member of ICPAC and qualified as an ACCA in 1997 and is a Fellow since 2002. He is also a member of the Chartered Institute of Public Finance and Accountancy (CPFA) and a Fellow member of the Institute of Chartered Secretaries and Administrators (FCIS). In addition, he is a Certified Internal Auditor (CIA) and a member of the Chartered Institute of Marketing (MCIM). Kyriakos is a holder of a Masters in Business Administration degree (MBA).


Kayla Izenman

Bio

Kayla Izenman is a Research Analyst at the Royal United Services Institute’s Centre for Financial Crime and Security Studies. Her main research project focuses on North Korean sanctions evasion through cybercrime and cryptocurrency and in April 2019 she co-authored the paper ‘Closing the Crypto Gap: Guidance for Countering North Korean Cryptocurrency Activity in Southeast Asia’. Kayla’s other recent projects include looking into money-laundering via online businesses, the intersection of corruption and terrorism, and the financing of far-right extremism.

Prior to joining RUSI, Kayla interned at both the U.S. Department of Commerce and the U.S. Department of State. She holds a BA Hons in International Relations from Boston University, with a concentration in foreign policy and security studies. Her honours thesis focused on the threat posed by terrorist abuse of cryptocurrency, and possible U.S. national security responses.


Danielle Jukes

Bio

Danielle has a deep knowledge of cryptocurrency and its role in financial crime and beyond. She has educated leading financial institutions, international law enforcement agencies and government bodies on their understanding of cryptocurrency and how it may impact their lines of work.

Prior to joining FINTRAIL, Danielle was a cryptocurrency consultant focused on providing support and education on cryptocurrency crime and crypto-related investigations.


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.


Marios Neoptolemou
  • Marios Neoptolemou

  • Head, SSM On-site & Non-SSM Functions Department
  • Central Bank of Cyprus

Bio

Marios has studied at the London School of Economics, is a UK qualified chartered accountant and a Chartered Financial Analyst®. During his career with the Central Bank of Cyprus, he has worked on supervision and payment systems issues and is currently the Head of the SSM On-site & Non-SSM Functions Department in the Supervision Division of the CBC, which includes the AML/CFT unit.


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.


Steve Smith

Bio

Steve is a partner in the Financial Services Disputes & Investigations group at Eversheds Sutherland (International). He is an experienced criminal litigator and advises individuals and corporate clients in respect of financial crime matters often with cross-jurisdictional impact. He joined Eversheds-Sutherland in December 2018.

He draws on his unusual experience as a defence lawyer, former prosecutor for the Financial Conduct Authority and, most recently, as the Deputy MLRO for a major global financial institution, to defend individuals and corporate clients in financial crime, fraud and regulatory investigations and prosecutions; and advise on financial crime compliance with a particular emphasis on anti-money laundering and anti-bribery systems and controls.

As a senior lawyer in the Criminal Prosecutions Team at the FCA, Steve investigated and prosecuted fraud and insider dealing cases. He also worked closely with HM Treasury on the drafting of the market manipulation offences introduced by Part 7 of the Financial Services Act 2012 and in supporting negotiations at the EU Working Group on the Criminal Sanctions Market Abuse Directive. Steve remained at the FCA for around 5 years and then moved to lead the financial crime advisory team supporting Barclays Private Bank. He was then appointed as the Deputy Head of Financial Crime for the EMEA offices Nomura International Plc (covering global markets and investment banking). During this time, he gained a good insight into the challenges facing an MLRO and financial crime advisory team in enabling compliance with complex legal and regulatory requirements in both a domestic and international environment. He also supported extensive KYC remediation projects across retail and wholesale client bases.


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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