AML & Financial Crimes Congress 2018

12-04-2018 8:30AM 12-04-2018 5:00PM
Pan Pacific Melbourne, South Wharf, 2 Convention Centre Place, Melbourne, Victoria, Australia, 3000

This one-day event is an opportunity for risk and compliance professionals to receive industry updates, measure different perspectives in the financial crime space, learn about merging career trends, hear from regulators, assess the impact of emerging technologies such as Fintech and RegTech, and network with like-minded professionals.

GRCI’s annual Financial Crime Summit aims to provide insights into the challenges of protecting your organisation, the latest on what is happening in the market and how you need to adapt to pick up these issues.
Financial Crime, like many risks in organisations, has been treated in a ‘subject’ and ‘discipline’ specific manner – fraud people look after fraud matters, AML specialists worry about money laundering and other specialists concentrate on their specific areas.Risk and compliance have been grouped and ungrouped and prioritised and reshuffled.
Professionals in this area have seen this cycle multiple times as organisations try to tackle these complex issues with minimal ‘cost’ to the organisation.
This is not how criminals think.
Organisations need to rise to the challenge that can potentially arise from multiple directions, across the spectrum of criminal behaviours, with criminals using every single tool they possible can – often simultaneously and extraordinarily quickly.
These behaviours create risks your organisation may not have thought of and could not anticipate. Organisations need to up their game and get a cohesive, single snapshot picture of what is happening, be agile, use every tool they have to detect and report what is happening in real time.
The GRCI FCC Summit will explore financial crime compliance issues across fraud, sanctions, money laundering and bribery and corruption. 

Our Speakers: 

Carolyn Hanson - President, GRC Institute 
Julian Hunn - Financial Crime Compliance, Flight Centre 
Eric FrostCo Founder & CEO, simpleKYC
Gaby Duncan - Senior Manager, PwC Australia 
Rachel Challis - Acting National Manager Compliance - AUSTRAC 
Naomi Fink - Anti-Money laundering, Derivatives, FX, Franchising Lawyer - Holley Nethercote

Paul Derham - FinTech, Financial Advisory, Derivatives, FX, Licensing lawyer - Holley Nethercote
Terri ClementsonPrincipal, Fincrime Australia


The sessions: 

Bringing the unknown to light - Julian Hunn 

This session will explore how Flight Centre manages its compliance vulnerabilities to highlight their relevance to a far broader spectrum of considerations than previously considered.

It will become apparent that ABC & Sanctions should not stay buried within a legal department, as these seemingly specialised risks have implications for AML/CTF programs and risks assessments more broadly.

Superannuation – new frontiers for financial crime - Gaby Duncan

To give them credit, perpetrators of financial crime are leaders in agility, data analysis and identifying areas of control weakness in organisations. It’s not surprising then that superannuation funds would be eventually exploited, and it is imperative that practitioners be attentive to the potential areas of risk for all kinds of financial crime, including money laundering.

This session will look at recent activity in this area and alert attendees about what to look for and what the regulator expects.

Upping your game! - Carolyn Hanson 

This session will debate the idea of using your full range of compliance and risk skills, and those of others, to simultaneously address conduct, culture and financial crime. Have access to new data and analyse it with fresh eyes to pick up activities that may otherwise go unnoticed.

Know Your Customer – why are people still getting it so wrong - Eric Frost

It has been quite some time since the requirements for knowing your customers were first implemented and yet it continues to be an area of difficulty for many regulated entities. Why are organisations still getting it so wrong, and are there simple steps they can take to improve? Are they looking at the process in the most effective way possible? What can be leveraged to reduce this common pain point and start getting it right?

Getting it Right – tips to ace your next AML/CTF Review - Naomi Fink & Paul Derham

In the midst of the volume of requirements for organisations to undertake their AML/CTF obligations and risk assessments and to do them well, it’s easy to forget some of the essentials.

This session is designed to review the common traps, feedback from regulators and mistakes organisations are still making with this work. Take aways from this session will include a sense of the AML compliance maturity spectrum and key risk areas that are worth reviewing in your organisation to ensure your controls and framework is effective.

Misconduct as a predicate crime - Terri Clementson 

High risk customers present particular challenges when they all look the same in your risk profiling: how you prioritise, know what controls are most appropriate and build up a more accurate picture of their typical behaviours that might enable you to identify when things don’t fit their pattern and you need to focus attention on any one individual.

This session will look at how to refine your risk management practices to be able to identify and prioritise your resources to identify customers, employees and related parties who may challenge your controls. How to use data, create new criteria and move these customers up and down a scale more definitive than a simple ‘high risk’ profile. We’ll explore overcoming the obstacles to this process, especially for SMEs with less data and resources and how to build a story that makes transparent, your risk based decisions about your high risk customers.

AUSTRAC’s Regulatory focus for the coming year - Rachel Challis

This session will explore insights from AUSTRAC’s view of the world, priorities and perspective and their regulatory focus for the coming year.  For attendees it is important to understand what the regulator is looking for, where it sees organisations making avoidable mistakes and what the trends in criminal behaviour mean for your AML/CTF programs.