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BAFT17_FinCrimesCompWkshp_Europe_700x110
BAFT Financial Crime Compliance Workshop – Europe
April 11, 2017
Barclays
London, UK

Overview | Program | Speakers

Workshop is exclusively hosted and sponsored by
BARCLAYS_COL
Tuesday, April 11


9:30AM – 10:00AM
Introduction/Workshop Overview
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant

Learning objective: A workshop for transaction banking business and compliance personnel to understand important regulatory requirements and developments in combatting financial crime, with an emphasis on governance and accountability.
10:00AM – 11:00AM
Customer Due Diligence
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant

Mark Compton
Mayer Brown International LLP
Partner
Learning objective: This session will help bankers and compliance personnel to understand the regulatory requirements regarding customer identification and due diligence, the responsibility of the “first line of defense” to identify and mitigate customer risk, and recent regulatory developments.

  1. Initial customer due diligence and risk rating (AML CDD & EDD, sanctions)
  2. Event driven and periodic refresh of information
  3. Recent developments
    1. Beneficial ownership
    2. EU 4th and 5th Directives
  4. Special concerns
    1. Trade based money laundering
    2. Bribery and corruption (PEPs)
    3. Shell companies and tax evasion (Panama Papers and FATCA)
11:00AM – 11:15AM
Networking Coffee Break
11:15AM – 12:30PM
Transaction Monitoring
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant
Nishanth Nottath
Regional Head AML (MENA and Turkey)
Interim Global Head – Transaction Monitoring
HSBC Bank Middle East Limited
Learning objective: This section will explain recent regulatory developments in governance and optimization of automated transaction monitoring systems for both AML/CFT and sanctions compliance.

  1. Governance of your automated system
  2. NYDFS Rule 504 & Model Validation
  3. Optimization – a combination of systems, processes and people
  4. Detection scenarios and case studies
12:30PM – 1:30PM
Networking Lunch
1:30PM – 3:00PM
Correspondent Banking
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant
Learning objective: This section will describe current international standards (FATF) and supervisory expectations (BCBS) for correspondent banking and how correspondents and respondents can meet these expectations in an efficient and cost effective way.

  1. Customer due diligence and risk rating
    1. Initial CDD/EDD and risk rating
    2. Event driven and periodic refresh of information
  2. When do you have to know your customer’s customer?
  3. Restricting or closing an account
3:00PM - 3:15PM
Networking Coffee Break
3:15PM – 4:15PM
Sanctions
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant

Tim O'Neal Lorah
Senior Director
Navigant
Learning objective: This section will explain the evolution of economic sanctions programs, which have become more complex over time, and offer strategies to protect against inadvertent and deliberate evasions of sanctions regime requirements.

  1. Comprehensive sanctions, SDNs and sectoral sanctions
  2. EU v. US sanctions against Iran
  3. Sanctions in trade finance
  4. Governance
    1. Training and awareness
    2. Testing
    3. Accountability
4:15PM – 4:30PM
Wrap Up/Closing Remarks
Alma Angotti
BAFT Workshop Trainer
Managing Director, Global Investigations & Compliance
Navigant