EVENT: Understanding New Regulations on Conduct and Financial Crime

Date: 2nd December, 2014 Time: 06:00 pm - 08:30 pm
Understanding New Regulations on Conduct and Financial Crime

The ABA's last evening seminar of 2014 focussed on financial conduct and the raft of new regulations governing how banks should behave and how they should ensure that they are not being used for criminal purposes.

The seminar was led by Julia Hoggart, who heads the supervison of investment banks at the Financial Conduct Authority (FCA) and Colin Darby, a senior manager at KPMG who specialises in financial crime and anti-money laundering requirements.

The seminar was introduced and moderated by Simon Hills, Executive Director of the British Banking Association.

Julia Hoggart was keen to explain to the attendees what the FCA expects from banks, in view of the new focus on bank conduct. She spoke in particular about the importance of bank culture, "tone from the top" and staff training as ways to ensure that staff behave in a way that is consistent with a bank's values and the regulator's requirements. 

Colin Darby concentrated on how firms can build robust anti-money laundering (AML) policies and ensure that they are implemented throughout a bank's operations. He spoke in particular about bank diligence on "Politically Exposed Persons" and the need to establish a potential client's Source of Wealth and their Source of Funds.

The Seminar was followed by a buffet reception. 

Mr. Darby's presentation is attached below along with some photographs from the event.


KPMG AML Persentation
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