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AFB Financial Crime Compliance Conference 2024

We are delighted to invite you to AFB’s Financial Crime Compliance Conference, sponsored by ComplyAdvantage. The conference will be held on Wednesday 27 November, hosted by A&O Shearman, supported by Avyse Partners and Great Chatwell Academy of Learning.

The AFB Financial Crime Compliance Conference will be an excellent opportunity for members to broaden their knowledge and network with peers and leading experts.

Speaker highlights include:

Andrew Wigston – Head of Financial Crime, FCA
Beth Davies – Deputy Director at OFSI, HM Treasury
Kathryn Westmore – Senior Research Fellow, RUSI

As financial crime continues to evolve and grow in complexity; compliance has never been more critical. At this conference, we will bring together industry leaders, regulatory experts, and key stakeholders to discuss the latest trends, challenges, and solutions in financial crime compliance.

Following a keynote speech from Andrew Wigston, Head of Financial Crime, FCA, there will be panel discussions on topics including the current state and direction of AML/CTF Regulation in the UK; the ‘Failure to Prevent’ offence under the Economic Crime and Corporate Transparency Act; developments in international sanctions strategy; and the FCA’s financial crime priorities.

Further details of the conference programme are below:

TIME	SESSION	SPEAKERS
8:30 – 9:00	Registration, Breakfast, & Networking
9:00 – 9:05	Welcome & Introduction	Giles French CEO, Association of Foreign Banks Sarah Hitchins A&O Shearman, Partner
9:05 – 9:45	Keynote plus Q&A	Andrew Wigston FCA, Head of Financial Crime
9:45 – 10:45	Panel Discussion Harmonising Agendas: Aligning the FCA’s Priorities with its Financial Crime Objectives	Chair: Marc Teasdale A&O Shearman, Managing Director – Consulting Panellists: Clive Gordon Sicsic Advisory (formerly Head of Department – Financial Crime Supervision & Policy at the FCA) Richard Snookes BACB, Chief Compliance Officer and MLRO
10:45 – 11:15	Break
11:15 – 12:15	Panel Discussion Sanctions Strategy: Anticipating the Next Wave	Chair: Zia Ullah Eversheds Sutherland, Partner, Head of Corporate Crime & Investigations Panellists: Beth Davies HM Treasury, Deputy Director at OFSI Iain Armstrong Comply Advantage, Regulatory Affairs Practice Lead Richard Wall Isbank UK, MLRO
12:15 – 13:15	Panel Discussion Unveiling the State of AML/CTF Regulation: Trends, Challenges, and Future Directions for International Banks	Chair: David Rundle BCLP, Partner Panellists: Jose Arevalo Commerzbank, Director, Regulatory Risk & Control Oversight, and Chair, AFB MLR Working Group Kathryn Westmore RUSI, Senior Research Fellow
13:15 – 14:00	Lunch and Networking
14:00 – 15:00	Panel Discussion Beyond the Headlines: Dissecting Thematic Failures in FCA’s Supervisory Enforcement Measures and Notices		Chair: Sarah Hitchins A&O Shearman, Partner Panellists: Matt Russell Avyse Partners, Senior Executive, Financial Crime Practice Imogen Makin WilmerHale Adam Jamieson Ashurst
15:00 – 16:00	Panel Discussion The Economic Crime and Corporate Transparency Act and the Failure to Prevent offence (the “Act”)		Chair: James Lovatt Santander UK Branch, CRO and MLRO Panellists: Eve Giles A&O Shearman, UK Head of Investigations & White Collar Alexander Jayne SFO, Case Controller Penny Dunbabin Home Office, Senior Policy Lead

Logistics

Please note this is an in-person event only. Places are limited to five per member bank. Please contact secretariat@foreignbanks.org.uk if you have any questions.

Fee: No fee. This event is included in AFB Membership
Location: A&O Shearman, One Bishops Square, London E1 6AD
Date: Wednesday 27 November 2024
Time: 09:00 – 16:00 (Arrival and breakfast from 08:30, lunch will be provided)

Headline Partner

ComplyAdvantage is the financial industry’s leading source of AI-driven financial crime risk data and fraud detection technology. ComplyAdvantage’s mission is to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime. More than 1000 enterprises in 75 countries rely on ComplyAdvantage to understand the risk of who they’re doing business with through the world’s only global, real-time database of people and companies. The company identifies thousands of risk events daily from millions of structured and unstructured data points. ComplyAdvantage has four global hubs in New York, London, Singapore, and Cluj-Napoca and is backed by Goldman Sachs, Ontario Teachers, Index Ventures, and Balderton Capital.

Find out more on ComplyAdvantage website

Host Partner

A&O Shearman transforms the way law is practiced, to deliver unparalleled results for our clients’ most complex matters – everywhere in the world. We’re a law firm at the forefront of the forces changing the current of global business: energy transition, life sciences, technology, private capital, finance and beyond. Fluent in U.S. law, English law, and the laws of the world’s most dynamic markets in equal measure, we support our clients with bespoke teams of expert minds. Ready to provide unmatched insight and seamless delivery, right now. A firm where diverse individuals can belong, excel, move markets and make a difference. On May 1, 2024, Allen & Overy and Shearman & Sterling merged to become A&O Shearman.

Find out more on A&O Shearman website

Supporting Partner

Avyse Partners are regulatory consultants whose expertise covers Governance, Conduct, Financial Crime and ESG. They provide practical expertise to navigate both the volume and complexity of regulation. On average Avyse consultants have 14 years’ experience which will always include working in house. They understand compliance challenges from a firm’s perspective. Their core customer base is UK based foreign banks.

Avyse Partners look to bring everything back to purpose. Their purpose philosophy is aligned with (current) FCA thinking on outcomes – what is regulation trying to achieve? Avyse are of the view that this can sometimes get lost within the sheer volume of regulation. In March 2022 Avyse Partners were appointed to the FCA’s Skilled Person Panel for four Lots – Governance, Risks and Controls, Conduct of Business and Financial Crime. And since then they have undertaken 19 of these reviews across all Lots, applying their common sense, proportionate, outcomes focused perspective.

Find out more on the Avyse Partners website

Supporting Partner

Great Chatwell Academy of Learning (GCAL) is a leading provider of professional development in financial crime compliance. Our mission is to deliver high-quality, engaging training that informs and inspires individuals and firms to excel. Serving over 100 regulated firms globally and UK professional bodies, we provide customised, multilingual training that meets both UK and international regulatory requirements. GCAL goes beyond traditional learning by incorporating interactive elements, case studies, and practical insights to help firms foster a proactive compliance culture, positioning your team to confidently address the evolving landscape of financial crime compliance.

Find out more on the Great Chatwell Academy of Learning website

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