Risk Assessments: What they are telling you and how to get the most value out of them

  • When: 14 May 2020
  • Time: 12PM – 2PM GMT
  • Level: All

Simply put, a risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. In this webinar we examine what risk assessment means in the world of financial crime prevention for your region, country and organization. We will also examine how to get the maximum value from your risk assessment without making it a tick box exercise.

Learning Objectives

  • Explore the objectives of a risk assessment aimed at financial crime prevention
  • Examine the regulatory framework underpinning risk assessment requirements
  • National risk assessments – why they matter and how to incorporate them at an institutional level
  • Applying a risk assessment to your organization – be it a bank, a FinTech or a DNFPB

Who Should Attend

  • Financial Crime Professionals
  • Suitable for 1st 2nd and 3rd line

Region/Industry

  • Global
  • Banking
  • Designated Non-Financial Business or Professions

Pricing

ACAMS Members Non-Members
$245 $445
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Moderator

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.

Speakers

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.


Mark Schnieder

Bio

Mark’s background includes more than eleven years of experience in the financial crime sector. He specializes in designing measurable and actionable risk assessments, drafting risk based AML/EDD controls, and developing comprehensive risk governance regimes.

Currently, Mark serves as the Financial Crimes Risk Specialist at TransferWise in Tallinn, Estonia. He previously worked in multiple compliance roles in the United States, including managing the EDD operations for an online bank and executing risk governance at two larger financial establishments.