2017 - Seminar - Improving Suspicious Activity Reporting

This seminar will help your company improve its SAR performance.

2017 Q4 : Hong Kong, Sydney, Melbourne, Jakarta, Dubai. London

An interactive event for

- financial crime risk officers, including MLROs, in banks, insurance companies, securities houses and all other businesses subject to laws requiring financial crime, including money laundering and terrorist financing, risk management.

- investigators and prosecutors - why do individuals and companies fail to make reports?

- defence lawyers - where are the boundaries of reasonable cause for suspicion?

- regulators - why do information flows within companies fail?

- judges - explaining to jurors issues of wilful blindness and reasonable cause for suspicion.

Regulators will benefit from learning how the entities they supervise are better able to design and implement systems for risk-assessed systems having specific regard to how individuals within organisation define, identify and react to suspicion.

Financial sector and other regulated businesses will learn techniques for the development of a financial crime risk reduction and management strategy by understanding why members of staff do, and do not, identify suspicious activity.

Prosecutors and judges will learn how to explain, to a lay jury, the complex matters that lie behind failures to identify and report suspicions.

To understand where money laundering stands in the hierarchy of offences, you can think of it as like a derivative: just as you can't trade in futures if there isn't a commodity, you can't launder money if there hasn't been criminal conduct.

For this reason, focussing exclusively on financial transactions is a flawed approach to protecting organisations against money laundering. What is needed is a far more holistic approach which looks at a wide range of factors that go far beyond accounting-related matters.

Although money laundering gets the highest profile, it is only one of a significant number of offences, many of which are interlinked, that constitute financial crime. Having said that, money laundering is the glue that holds all of those forms of conduct together and, when investigated, often provides evidence of other offences.

In this event, Nigel Morris-Cotterill will use an interactive approach, coupled with lectures, to demonstrate how and why suspicion arises and why people react as they do.

Marketing people talk about "customer-focused" or "customer-centric" processes. What they mean is that they profile the market and, within that market, segments and, ultimately, individual customers and, when they have done that, they research each according to the prospects they present, apply a graduated level of understanding of each and use that to make maximum sales from minimum effort. This seminar demonstrates how that approach will greatly assist in economically and effectively improving the risk assessment of a wide range of financial crime and, therefore, ways in which that risk may be better identified and managed.

IN THIS SEMINAR

You will learn

- that customers are people first and why that matters so much.

- that people exhibit behaviour and trends that are identifiable if you know what to look for

- that Stockholm Syndrome is alive and well and operating in your company. Every minute of every day. Moreover, it militates against your risk management and compliance systems.

- that improving risk awareness and the handling of suspicions requires significant analysis and a shift in attitudes across organisations. However, this is analysis that cannot be done by computerised monitoring systems.

- that the behaviour, attitudes and broader picture of customers generates more reliable information than a simple analysis of their financial transactions

- that risk managers need to look inward in order to understand what happens when they look outwards

This seminar may be run in-house by companies and professional bodies for their members. Contact the presenter, Nigel Morris-Cotterill, directly at www.countermoneylaundering.com

Cities and Dates: 

Bookings closed

This course may be presented in-house worldwide

This course may be organised by regulators and professional bodies worldwide

For more information on booking in-house or industry run-seminars, please complete the contact us form here: http://www.antimoneylaundering.net/public/content/contact-us.

Price per person: 

GBP500 (plus UK VAT at UK venues only)

Price includes the course, course materials, mid morning snacks, lunch, mid afternoon snacks.

Please note that bookings are handled via our sister company, Vortex Centrum Limited.
Credit Cards are cleared by Shopify. Neither we nor Vortex Centrum not receive your credit card information at any point in the transaction

Seminar Language: 
English
Seminar Schedule: 

Registration 08:00
Seminar Start: 08:30
Lunch: 12:00 - 12:45
Seminar End: 16:00

Daily

Max number of delegates: 
30
Presenter: 

Nigel Morris-Cotterill began discussing money laundering related issues in terms of risk management in the early 1990s. In his book "How not to be a money launderer" he set out risk factors including transfer pricing, hawala, property transactions via law firms, tax evasion planned by accountants, trade and counter-trade as laundering mechanisms and far, far more.

He is consistently years ahead of current thinking and helps clients to prepare for risks that are not yet manifest.

For example, in October 2001, he explained exactly how the USA would use the provisions of the USA PATRIOT Act against foreign banks. His explanation was dismissed and derided, particularly by large accounting and law firms. Yet the USA did precisely what he foretold and banks have found themselves paying thousands of millions of dollars in fines and penalties.

In the 1990s, he coined the phrase "there are no solutions, only better managed risk."

He is also the author of "The Ten Real Life Exploits That Da'esh / ISIS use to Hack The World" in which he examines the ways in which a criminal gang claiming to represent a religion has become a model that organised crime gangs are likely to re-create.

In 2015, in "Cleaning up the 'Net - An Action Plan to combat the use and abuse of the internet for financial crime" he returned to research he first published in 1999 and produced a detailed plan for addressing internet crime.

As author of "Understanding Suspicion in Financial Crime" he produced the first end-to-end analysis of how, and why, staff in financial institutions find it so difficult to decide whether they are suspicious and, if they are, whether to report it.

Since 1994, Morris-Cotterill has presented seminars to the financial sector across the world, including many organised by regulators and professional bodies.

In this 2017 lecture series, he draws on an extraordinary range of experience and research to deliver an unrivalled depth of understanding and to explain why effective risk identification and management requires a broadening of the mind, vis-à-vis the narrow focus which is so commonly, and falsely, promoted as sufficient to protect organisations.

Book Now: 

Please select your seminar to be taken to the booking form for that event.

An interactive event for

- financial crime risk officers, including MLROs, in banks, insurance companies, securities houses and all other businesses subject to laws requiring financial crime, including money laundering and terrorist financing, risk management.

- investigators and prosecutors - why do individuals and companies fail to make reports?

- defence lawyers - where are the boundaries of reasonable cause for suspicion?

- regulators - why do information flows within companies fail?

- judges - explaining to jurors issues of wilful blindness and reasonable cause for suspicion.

Regulators will benefit from learning how the entities they supervise are better able to design and implement systems for risk-assessed systems having specific regard to how individuals within organisation define, identify and react to suspicion.

Financial sector and other regulated businesses will learn techniques for the development of a financial crime risk reduction and management strategy by understanding why members of staff do, and do not, identify suspicious activity.

Prosecutors and judges will learn how to explain, to a lay jury, the complex matters that lie behind failures to identify and report suspicions.