FinCrime World Forum 2020

The coronavirus pandemic was a shock to the world's entire economic ecosystem, the implications of which still have to play out. During this discussion, panellists will explore how risk management in the financial crimes sector has and will change as the crisis continues to play out.

A panel of speakers present and then discuss both the specific issues related to their three very different sectors – fintech; investment management; and cryptocurrency - and also those challenges they have in common.

Michelle Crotty is the newly hired chief capability officer at Serious Fraud Office. Crotty will discuss her current role and the current challenges in fraud, bribery and corruption.

Almost two decades on from the al Qaeda terrorist attacks (9/11) the Financial War on Terrorism continues to gather pace following the introduction of a series of international counter-terrorism financing (CTF) legislative provisions. These mechanisms, especially the sanctions regime, have been able to limit the funding avenues of some terrorist groups, however the FATF stated that the funding requirements of foreign terrorist fighters presents an unprecedented threat because they only require modest amounts of funding. The unprecedented expansion of cryptoassets and social media platforms as a terrorism funding model has resulted in several states suffering from an unprecedented and concentrated wave of international terrorism.

The creator of the UK National Cyber Security Centre in 2016, former GCHQ director Robert Hannigan can now give a unique and exclusive perspective on how cyber security threats are developing and how governments and business must evolve their reactions in a constantly changing landscape.

The subtitle of Misha Glenny’s worldwide best-seller, MacMafia was ‘Seriously Organised Crime’ and this award winning journalist is better placed than anyone to discuss how international criminal organisations are constantly innovating. In this keynote he draws on his background in geopolitics to show how great power relations are driving insecurity in cyberspace and why companies cannot rely on government to shore-up their vulnerabilities.

The UK has already decided not to implement the 6AMLD, and in July 2020 created a new global human rights sanctions list. The government continues to implement its Economic Crime Plan, which is considering radical reforms of key elements of AML, such as Suspicious Activity Reporting. What impact will these changes have, and will the UK seek to be a global leader in financial crime reform? And how will the EU’s own AML reform programme affect UK businesses with interests in the EU? Our speakers will look at the different policy options for the UK, the EU, and what this will all mean for businesses with AML/CFT obligations.

Our panel of leading practitioners discuss the skills and behaviours necessary to develop your team and make it fit for future challenges.

Please check back soon for more information regarding the synopsis of this session.

The result of the presidential election will have a huge effect on the international approach to targeting and tackling financial crime over the coming years. Our panellists look at the areas likely to see most change in both the short term and long term, and how domestic policy will impact the wider world.