Webinar Library

The latest CDD/AML intelligence with exclusive webinars delivered by international experts

01 Mar 2017
Published in Webinar

Webinar – Corporate liability for economic crime

In January 2017, the UK government launched a call for evidence to examine the case for reform of the law on corporate liability for economic crimes.

The consultation, which closes in late March, is designed to gather expert perspectives on criminal offences for crimes such as false accounting, money laundering and fraud committed or facilitated by companies. Currently, under the identification doctrine, prosecutors have to identify a ‘controlling mind’ in order to bring a criminal case against individuals within a company. In modern multinationals with thousands of employees, this can be practically impossible. The consultation is being run with a view to possible reform of the law to circumvent this issue.

Nicholas Ryder is Professor of Financial Crime at the University of the West of England and is a regular contributor to KYC360. He is the founder and series editor of Routledge’s ‘The Law Relating to Financial Crime Series’ and co-series editor for Palgrave’s ‘Risk, Crime and Society. His expertise spans banking regulation, consumer credit regulation and all aspects of financial crime.

Hannah Laming is a partner at Peters and Peters Solicitors LLP, specialising in financial crime. She has helped corporations devise compliance regimes in relation to the UK Bribery Act, global sanctions and, most recently, the prospective offence of failing to prevent tax evasion. She has also been involved in a number of cases where the issue of corporate liability, on the basis of the attribution principle, has been key and is closely familiar with the difficulties the concept poses to multi-nationals.

 

Learning outcomes:

  • Understand the UK government’s objectives and the implications for possible developments in law down the line
  • Gain insight into what corporate liability for economic crime would mean for companies, especially those in the financial sector

Especially relevant to:

  • Compliance officers in any sector
  • NGO / Policy professionals
  • Regulators
  • Legal professionals
  • Law enforcement

Sectors & regions:

  • UK
  • AML / CFT
  • Banking
  • Governmental
  • Due diligence & compliance

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07 Feb 2017
Published in Webinar

Webinar – Permanent Subcommittee on Investigations Retrospective – Money Laundering and Foreign Corruption Using the Case History of Riggs Bank

In the final part of an exclusive series of four webinars Elise Bean, former Staff Director and Chief Counsel of the U.S. Senate Permanent Subcommittee on Investigations, will explore the case of Riggs Bank. Riggs, a D.C. based commercial bank with branches around the world, was effectively shut down by means of a merger in 2005 following revelations that it handled deposits from Augusto Pinochet, the Saudi royal family and the dictator of Equatorial Guinea among others. Elise will consider what can be learnt from the case for financial crime prevention regimes today.

Learning outcomes:

  • Examine the due diligence and management failures that led to the collapse of Riggs
  • Translate these into practical best practice guidance

Especially relevant to:

  • Bank compliance officers
  • NGO / Policy professionals
  • Regulators
  • Legal professionals

Sectors & regions:

  • UK
  • US
  • Europe
  • AML / CFT
  • Banking
  • Governmental
  • Due diligence & compliance

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30 Jan 2017
Published in Webinar

Webinar – The Malaysian Sovereign Wealth Fund scandal: the story behind 1MDB

The Malaysian sovereign wealth fund, 1 Malaysia Development Bhd (“1MDB”), has been the subject of extensive press coverage and regulatory scrutiny. In this recorded webinar, Stephen Platt, Hugo Miller and Clare Rewcastle-Brown examine the 1MDB case from an AML perspective. They offer practical lessons for compliance professionals on topics including managing sovereign wealth funds, monitoring politically exposed persons (PEPs) and mitigating your institution from transactions involving the proceeds of corruption.

Speakers:

Host: Samantha Sheen, Europe AML Director, ACAMS

Hugo Miller, Legal news and investigations correspondent in Geneva, Bloomberg

Stephen Platt, Barrister; Chairman, KYC360 Technologies Group

Clare Rewcastle-Brown, Editor, Sarawak Report. Clare is the journalist who broke the 1MDB story back in 2015.

This webinar was originally hosted by ACAMS and is republished here with their permission.

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25 Jan 2017
Published in Webinar

Webinar – Philip Baker QC on Ethical Issues in Taxation

Philip Baker QC specialises in international aspects of taxation, with a particular interest in taxation and the European Convention on Human Rights.

Philip will discuss his work on ethical issues in tax, a topic on which he recently ran an elective for students on the Oxford MSc course in Taxation. In light of the various recent high profile investigations into the tax affairs of celebrities he will discuss the increasingly blurry distinctions between the ‘management’, ‘aggressive avoidance’ and ‘evasion’ of tax, and will offer some insights into possible future developments in the law and its application.

Learning outcomes:

  • Understand the overlap between tax avoidance and tax evasion
  • Consider various ethical issues in taxation
  • Gain insight into possible future developments in tax law and regulation

Especially relevant to:

  • Compliance officers
  • NGO / Policy professionals
  • Law enforcement
  • Legal professionals
  • Accountants

Sectors & regions:

  • UK
  • US
  • Europe
  • Offshore
  • Accountancy
  • Law
  • Tax evasion

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21 Dec 2016
Published in Webinar

Webinar – Mexico and the human cost of financial crime

Exclusive webinar interview with Richard Elias of Elias Gutzler Spicer LLC, the firm which has filed a case against HSBC Holdings, under the Anti-Terrorism Act, on behalf of families of several American citizens killed by Mexican cartels. The plaintiffs say the bank was complicit in laundering billions of dollars of drug money generated by Mexican cartels responsible for the deaths of tens of thousands of people.

Before founding EGS Rich worked as a federal prosecutor, including leading a small team in an investigation into JPMorgan Chase & Co.’s practices of securitizing billions of dollars of defective mortgages. The misconduct that Rich uncovered during that investigation spearheaded a record-setting $13 billion settlement, the then-largest recovery ever obtained against a single entity.

Rich also obtained nearly $200 million in recoveries against utility and logging companies for their negligent ignition of wildfires that destroyed tens of thousands of acres of National Forest land, including a $122.5 million recovery against logging giant Sierra Pacific Industries—the largest ever obtained in a wildfire case.

These efforts earned Rich the 2014 Attorney General Award for Distinguished Service and the 2013 Director’s Award. They also earned him selection as a 2012 Attorney of the Year by The Recorder, a leading California law journal, as well as a front page story in the Wall Street Journal which featured Rich’s work.

Rich is currently working on cases of significant public importance, including representing a United States agency in multiple lawsuits across the country seeking to recover billions of dollars in losses from international financial institutions for their sale of defective mortgage-backed securities to credit unions.

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14 Dec 2016
Published in Webinar

Webinar – Criminal Finances Bill 2016

Professor Nicholas Ryder discusses the provisions and limitations of the UK government’s Criminal Finances Bill (currently at committee stage in the Commons). Nicholas is Professor of Financial Crime at the University of the West of England and is a regular contributor to KYC360. He is the founder and series editor of Routledge’s ‘The Law Relating to Financial Crime Series’ and co-series editor for Palgrave’s ‘Risk, Crime and Society. His expertise spans banking regulation, consumer credit regulation and all aspects of financial crime.

 

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07 Dec 2016
Published in Webinar

Webinar – Permanent Subcommittee on Investigations Retrospective – Correspondent Banking: A Gateway for Money Laundering

In an exclusive series of four webinars Elise Bean, former Staff Director and Chief Counsel of the U.S. Senate Permanent Subcommittee on Investigations, analyses seminal Committee investigations, the key findings and considers what lessons can still be learnt by industry. In the third Webinar Elise analyses the Subcommittee report ‘Correspondent Banking: A Gateway for Money Laundering’.

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21 Nov 2016
Published in Webinar

Webinar – From AML to FCP – Are Your AML Procedures Out of Date?

Tom Devlin considers the limitations of the traditional AML model and why it undermines efforts by financial institutions to guard against the facilitation of crime. Tom looks at commonly observable weaknesses in AML systems and controls and make recommendations for reform.

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16 Nov 2016
Published in Webinar

Webinar – the Criminal Vulnerabilities of Free Ports

Hugo Miller in conversation with Amos Wittenberg. Hugo discusses the AML/CFT vulnerabilities of free ports and the global art market to criminal misuse.
Hugo Miller has been a journalist with Bloomberg for over a decade and is now their legal news and investigations correspondent based in Geneva. His reporting has earned him lead entry in the 2015 Anthology of Best Business Writing from Columbia Journalism School and and recognition from the Society of American Business Editors and Writers. He was previously based in Toronto, where as a technology reporter he covered the rise and fall of the BlackBerry and cybersecurity. Prior to joining Bloomberg he worked for Dow Jones in London and before that at World Link, the magazine of the World Economic Forum.
Hugo has covered the Geneva Free Port extensively:

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18 Oct 2016
Published in Webinar

Webinar – My Life with the New York Mob – Joe Pistone aka ‘Donnie Brasco’

In a KYC360 exclusive Joe Pistone (aka ‘Donnie Brasco’) will talk about his experiences of operating as an undercover agent in the New York Mafia over period of six years. The evidence collected during the operation led to over 200 indictments and over 100 convictions of mafia members. Joe Pistone is considered to be one of the greatest FBI Agents. He was a pioneer of deep long term undercover work. To this day Joe travels disguised under assumed names.

Joe will analyse the structure and working methods of the mafia and consider the various ways in which money is laundered by organised crime.

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