AMLRV | AML and Regulatory Visits
Limited to just 20 participants. Days 1 & 2 give practical guidance and insight into all aspects of the component parts of a Financial Crime structure and program. It equips participants with the skills and experience to assess the arrangements within their respective firms so that these are effective and meet regulatory expectations. Day 3 gives practical guidance and practice of regulatory visit management techniques. It equips participants with the skills and experience to manage and participate in regulatory visits successfully.
AML and Combatting Financial Crime
These sessions provide insights into all aspects of financial crime – anti-moneylaundering, sanctions, anti-bribery and corruption, and fraud. Recent cases are considered, regulatory developments in response to shortcomings are discussed, and guidance is given on the implications that need to be considered within a firm.
Deficiencies in Financial Crime programmes can have a significant impact on firms. This course equips firms to meet the challenges of enhanced regulatory scrutiny on financial crime issues.
Successful Regulatory Visits
A poor regulatory visit can significantly impact the tone and intensity of the regulatory relationship and scale of actions required of the firm by the regulator, including remediation actions or regulatory sanctions in areas such as financial crime.
Through giving participants the experience of a visit and enabling them to practice the skills they need, this course helps equip participants to give their firm the best possible outcome from regulatory visits.
Who Should Attend?
Staff in areas such as Compliance, Legal, AML / Financial Crime, Risk, Finance, Treasury, IT, Operations, HR, Business Management and Audit with first line, second or third line of defence responsibilities for financial crime as part of their role.
Staff involved in the management of regulatory visits or who are impacted by regulatory meetings and visits.
Highly experienced financial crime practitioner with over 20 years as an MLRO and regional financial crime head at major FI’s. Extensive experience in other aspects of compliance, internal governance and internal audit.
Highly experienced ex-regulator who has led over 90 visits as a regulator and managed over 50 visits while in leading firms
AML – Ian Lyall
Introductions, logistics, course objectives
Moneylaundering – back to basics
What is an AML program, why do we need one and the regulatory drivers
Focus on Risk Assessments, CDD/KYC including PEPS, Training and Governance
Focus on Transaction Monitoring, Record Keeping, MI and Audit
Case Studies on recent events
Case Studies 2
Punishments for banks and the regulatory reactions
High Risk Product Considerations including Sanctions
The Sanctions Program – the basics
Practical considerations around Sanctions
What’s next (the horizon), final questions, wrap-up and course evaluation
Financial Crime – Ian Lyall
Anti-Bribery & Corruption (ABC) legislation
The ABC Program and how to structure it
Focus on Risk Assessment, CDD and Training
ABC Case studies and the lessons learnt
Fraud program Introduction
Internal Fraud Risks
External Fraud Risks
Some considerations on cybercrime
How to use the Firm’s existing resources to define a program
Final questions, wrap-up over the two days and Course evaluation
Regulatory Visits – Lydia Bailey
Introductions and course objectives
Visit notification (with exercise)
Information request management (with exercise)
Visit preparation (with exercises)
Visit agenda and administration
Interview technique (with role plays)
Day of visit management
Interview technique continued (with role plays)
Post visit management
Final questions, wrap-up and course evaluation
Ian Lyall, MAHons
Ian Lyall is an advisor for Global Risk Clinic. Ian has now over 40 years’ experience in Financial Services encompassing Internal Audit, Compliance and Internal Governance, and Financial Crime Compliance. In his 35 years at JPMorgan, he spent 17 years as MLRO for the UK entities as well as many years as the EMEA Regional Head of Financial Crimes Compliance. Since 2014, he has held Financial Crime interim roles at regional level in RBS, Northern Trust and Deutsche Bank. In addition, he was also a Fraud Consultant at Toronto Dominion Bank. In his time at JPMorgan, he had overseas postings in Japan and the UAE, that augment his UK experience. During 2018, Ian has been assisting Lacuna Solutions Ltd, a company that has been established to assist large banks manage their KYC data.
Ian has seen the growth of the Financial Crime Compliance ‘industry’ from the early days in 1993 to where we are today. That gives him an excellent perspective on the issues, the pitfalls and the challenges facing Financial Institutions in this area and provide a perspective on what FI’s need to do to meet the ever rising bar.
- Master of Arts, University of Glasgow
Lydia Bailey, BSc Hons
Lydia Bailey is an advisor for Global Risk Clinic. She has over 25 years wide ranging experience in regulatory risk management and governance. This has been built through employment as a risk specialist at the UK regulator; a regulatory / risk advisor at KPMG; Head of European Compliance at British Petroleum; nine years as Head Of Regulatory Management (formerly Internal Governance) at JPMorgan Chase in the UK; and most recently through work of Metidian Limited. Lydia also serves on the board of the charity Thyroid UK.
Lydia Bailey has experienced regulatory visits from all perspectives. As a regulator she led over ninety regulatory visits to firms in UK, US and Asia. As BP Head of Compliance for UK and Europe, and then through her work at JPMorgan as Head of the EMEA Regulatory Management she managed over fifty regulatory visits. She now helps others prepare for regulatory visits and meetings and has partnered with Unicorn Training to produce an interactive e-learning tool on regulatory meeting technique https://www.unicorntraining.com/successful-regulatory-meetings In this workshop she shares her practical experience and insights.
- Bachelor of Science (Hons), University of Hull