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2021 Isle of Man Economic Crime & Compliance Forum

Join your industry peers at the School of International Financial Services' 2021 Isle of Man Economic Crime & Compliance Forum this December.

Description

Join your industry peers at the School of International Financial Services' 2021 Isle of Man Economic Crime & Compliance Forum this November.

Hear from a range of world leading experts on the latest economic crime developments from fraud and cyber crime to corporate criminal offences and sanctions.

Agenda:

Time

 

Topic

09:00-09:15   Welcome from the Forum Chair
Helen Hatton, Director at the School of International Financial Services (SIFS)
     
09:15-09:45   The Isle of Man AML/CFT Framework - where are we now and where are we going?
Ashley Whyte, Senior Manager - AML Unit at the Isle of Man Financial Services Authority
     
09:45-10:15   The sanctions landscape and future trajectory
Mike Casey, Partner at Wilson Sonsini
     
10:15:10:45   The role of the Isle of Man in combatting illicit financial flows
Paul Heckles, AML/CFT Advisor at the Isle of Man Cabinet Office
     
10:45-11:00   Break
     
11:00-11:30   Lessons learnt from enforcement action
Elaine McCormack, Senior Manager - Regulatory Advisory at KPMG
     
11:30-12:00   Protecting the e-gaming sector from financial crime abuse
Nicola Libreri, Legislation & Policy Specialist at the Isle of Man Gambling Supervision Commission
     
12:00-12:30   The Isle of Man cybersecurity threat landscape
Andrew Horbury, Director at the School of International Financial Services (SIFS)
     
12:30-13:30   Chairs closing summary & remarks
Helen Hatton, Director at the School of International Financial Services (SIFS)
     
     

Speakers

Helen Hatton  

Helen Hatton (Chair)

Director

School of International Financial Services

 

Helen Hatton is widely recognized as the prime architect of the modern Jersey regulatory regime. She resigned as Deputy Director General of the Jersey Financial Services Commission in May 2009, having led the implementation of regulatory development in the island from its blacklisted state in 1999 to achieving one of the world’s best IMF evaluation results, to establish Sator Regulatory Consulting, which merged with BDO Jersey in April 2016. Prior to taking up her roles in Jersey, Helen was Director of Enforcement with the Isle of Man Financial Supervision Commission from 1992-1999, introducing the first offshore ‘all crimes’ money laundering regime in 1997 and, notably, achieving the world’s first ‘freestanding’ offshore Mareva injunction without a local cause of action in the case SIB-v-Lloyd Wright. This milestone case brought an effective end to banking secrecy in the Crown Dependencies.

Helen is a Fellow of the Institute of Advanced Legal Studies, a member of the Editorial Board of the Journal of Banking Regulation and member of the Worshipful Company of International Bankers. She is a recognised international speaker on regulatory compliance topics and regularly publishes papers on regulatory matters.


Ashley Whyte  

Ashley Whyte

Senior Manager – AML Unit

Isle of Man Financial Services Authority

 

Ashley is Senior Manager of the AML Unit of the Isle of Man Financial Services Authority and has worked at the IOMFSA for 14 years, previously focusing on new licence applications and now responsible for AML/CFT matters concerning the IOMFSA. Ashley is involved in AML/CFT policy matters such as keeping the AML/CFT framework up to date and working on action points relating to the Island’s MONEYVAL mutual evaluation which took place in 2016. Ashley is also responsible for the operation of the AML/CFT registration and oversight regime in relation to the Designated Business sector. Ashley holds a degree in Business and Law from the University of Stirling and is an Associate of The Chartered Governance Institute and a Fellow of the International Compliance Association.


Paul Heckles  

Paul Heckles

AML/CFT Advisor

Isle of Man Cabinet Office

 

“Paul started his career in 1979 with H.M. Customs & Excise in central London. He spent many years working on heroin target teams and the fledgling Drugs Financial Investigation Branch. Whilst in the latter he oversaw the end parts of the Customs investigation into the BCCI Bank. He also organised and ran undercover money investigations in conjunction with the American authorities, targeting the Cali drugs cartel. After twenty one and a half years working with Customs, Paul became Head of Enforcement with the Isle of Man’s Financial Supervision Commission. After eleven years there, moving to be the Commissioner of the financial regulator in the Cook Islands. Since returning to the Isle of Man in 2016 Paul has been employed as an AML/CFT consultant in the Isle of Man’s Cabinet Office. He has also recently undertaken short-term advisory roles for the governments of Gibraltar, Malta and Saudi Arabia. Paul has previously undertaken training and project work representing the European Union, the IMF and the Council of Europe in countries such as the Ukraine, Kosovo, Northern Macedonia and Turkey. Paul has been involved in the mutual evaluation of the Isle of Man’s AML/CFT regime by MONEYVAL. He is a trained international assessor in such evaluations and has previously been part of the assessment teams of The Gambia and Vanuatu.”


Elaine McCormack  

Elaine McCormack

Senior Manager, Risk Consulting

KPMG in the Isle of Man

 

Elaine joined the KPMG Advisory team as a senior manager in September 2017, bringing with her almost 30 years’ experience in the financial services industry on the Isle of Man. She started her career with Barclays in 1988, and worked in a number of different roles within the organisation including financial crime, compliance and relationship management for both corporate and high net worth clients. Elaine joined the Isle of Man Financial Services Regulator in May 2008 and spent 8 years supervising a number of licence holders ranging from large global banks with trust and investment operations to small local foreign exchange bureaus and payment services providers. During this time she gained extensive experience in regulatory requirements on a multi-jurisdictional basis, and continues to enjoy a good working relationship with regulator. Prior to joining KPMG, Elaine was the Head of Financial Crime, Risk and Compliance for a private banking group formerly based on the Island, and was instrumental in providing the risk and compliance direction for the bank during the wind-down of the operation.

 

Mike Casey  

Mike Casey

Partner

Wilson Sonsini

 

Mike Casey is a dual-qualified partner in the London office of Wilson Sonsini Goodrich & Rosati, where his practice focuses on investigations and regulatory compliance matters related to economic sanctions, export controls, money laundering, corruption, and white-collar fraud. In addition, he regularly acts as an international risk specialist in M&A and other types of corporate transactions. Mike the lead author of the book Sanctions Enforcement and Compliance: A Practitioner’s Guide to OFAC and legal publications have published more than 40 of his articles.


Nicola Libreri  

Nicola Libreri

Legislation and Policy Specialist

Isle of Man Gambling Supervision Commission 

 

Nicola is a Legislation and Policy Specialist at the Isle of Man Gambling Supervision Commission having joined as an Inspector in 2018 acting as a Senior Inspector and progressing to a specialist role. Previously managing both licensing and ongoing supervision of a diverse portfolio of gambling operators, her current role involves assisting with new projects, leading the supervisory team and advising on technical matters. More latterly this includes assisting with the creation of several new pieces of secondary legislation, supporting with the development of a medicinal cannabis regulatory framework, creating internal policy and procedure and enhancing the GSC’s risk based approach to supervision through a new supervisory programme. Nic represents the GSC in wider AML/CFT policy matters, presents at the GSC’s regular AML/CFT forum, has taken part in panel discussions around risk and compliance and was a key content advisor for the ACAMS AML Foundations in Gaming. With over 16 years’ experience of governance, risk and compliance in both the Third Sector and the e-gaming sector Nic has previously sat on the board of the Council of Voluntary Organisations and holds an ICA Diploma in Governance Risk and Compliance alongside Basel accreditation for cryptocurrency and AML compliance.


 

Suitable for

This event is suitable for all financial services compliance professionals and Directors based in the Isle of Man.

Pricing

Full price: £225.00


 

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