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AFB Practice Workshop: Preparing for a Supervisory Visit from the FCA Financial Crime Team

LEARN HOW TO PREPARE FOR A FCA SUPERVISORY VISIT WITH THIS IN-PERSON WORKSHOP.

This workshop, held in partnership with Eversheds Sutherland, will outline steps that firms can take to manage the risk arising from a visit from the FCA’s Financial Crime Specialist Supervision team.

The workshop will outline how to manage the pre-visit disclosure process and the preparation needed by firms, as well as exploring key issues that the FCA supervisors will likely focus on during the visit and how to approach the question of responding to any feedback following the visit.  

This practical workshop will prepare attendees for interviews with FCA staff and give pointers on how to respond to the FCA’s feedback letter and the risks arising from not doing so. There will be opportunities to test what you learn during the workshop, with role-play scenarios, group questions, and break-out activities. There will also be time at the end of the workshop for open discussion and Q&A.  Written materials will be provided. 

Who should attend?

This workshop will be relevant to anyone with interest/involvement in the financial crime regulatory requirements in the UK such as representatives of AFB members working in regulatory affairs, as MLROs and/or in Compliance, Risk, Operations or Legal.

Why attend?

This workshop will give attendees an insight into what to expect from a FCA financial crime supervisory visit, and detail the steps needed to prepare for engagement with the regulators. The interactive nature of the workshop will enable attendees to put learned insight into practice back at their bank.

What will members gain for use back at their bank?

By the end of the workshop, attendees will:

  • understand practical steps they can take to manage the risk arising from a visit from the FCA’s financial crime specialist supervision team
  • understand how to manage the pre-visit disclosure process and the appropriate preparation that is needed
  • gain insight in to key issues that the supervisors will likely focus on during the visit
  • learn how to prepare for interviews with FCA staff
  • learn how to formulate an effective response to the FCA’s feedback letter

Speakers

Greg Brandman

Greg is a Partner in the Litigation and Dispute Management Team. He was formerly a manager in the FCA’s Enforcement and Financial Crime Division. He specialises in regulatory investigations and representing financial institutions, their senior managers and approved persons in FCA and PRA enforcement proceedings. He also specialises in financial services dispute resolution.

Greg has considerable investigations experience both from his time at the FCA and in private practice including in relation to AML, financial crime and market abuse, governance, culture and systems and controls, client money breaches, mis-selling and investigations into regulatory and non-financial misconduct by senior managers, certification and conduct rules staff.

In addition to his contentious regulatory work, Greg has considerable experience acting for financial institutions in relation to a wide range of commercial and financial services disputes.

Ruth Paley

Ruth is a Partner in Eversheds Sutherland’s Corporate Crime and Investigations team. She is an expert in all aspects of financial crime including fraud, economic crime and money laundering, with a focus on specialist advice to corporates on compliance with the UK AML regime. She is a Skilled Person on the FCA’s Skilled Person Panel for Financial Crime (Lot E) and regularly assesses the adequacy and effectiveness of firm’s financial crime systems and controls.

She is ranked as a key lawyer in risk advisory, regulatory investigations and corporate crime, described as ‘one of the leading names in anti-money laundering work in London, with a depth of knowledge few in the City have’. Prior to joining Eversheds, she spent 12 years at the London Bar, prosecuting and defending heavyweight fraud and financial crime trials. She has extensive experience in both criminal and regulatory investigations and enforcement, frequently leading on large AML advisory and remediation projects. Many of her clients are overseas-headquartered financial institutions and she has a deep understanding of the financial crime challenges which can arise in this sector.  

Logistics

Format:               In-person at Eversheds Sutherland, 1 Wood Street, London EC2V 7WS

Cost:                     £255 +VAT

Date:                    Thursday 4 July 2024

Time:                    13:30 – 15:30 (Registration and refreshments from 13:00)

If you would like to submit a question before or have any specific questions or areas that you would like the session to address, please send them to the AFB at secretariat@foreignbanks.org.uk. You will receive details on how to join this in-person Workshop a week before the event.