Session One (10am) - Eyes wide open or eyes wide shut – Leadership, Culture & Fraud
When we talk about governance and financial crime risks, we often think about the regulatory frameworks, policies and procedures in place to help protect an organisation. As we respond to financial risk exposures following COVID-19, many commentators are envisaging a new wave of fraud. Is increased regulation the answer to such risks? This presentation considers how poor leadership can create a culture of disenchantment amongst employees, resulting in heightened internal fraud risk, perpetrated not by lone wolves but by a pack of wolves. In the US, the Wells Fargo and VW cases totalled $6bn in fines alone, not to mention reputational damage. In both cases, leadership were held accountable for the organisation’s wrongdoing with the culture they created being a key factor in the dishonest actions that took place.
Session Two (10:45am) - Conversation - 2020 AML
An interview by Martin Woods, Financial Crime Consultant and Advisor, with Robert Mazur and Martin Woods to discuss changes in AML during the last 30 years, what needs to happen in the next 20 years.
Session Three (11:30am) - Ethics and the Compliance Processional - Three Challenges
Tim Tyler, Head of Financial Crime Compliance at ICA discusses the Ethics and the Compliance Professional – three urgent challenges facing the industry