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2012 2

SUMMIT TI

AM AM C F

Anti Money Laundering and Countering Financing of Terrorism

21 – 23 August 2012 ‫ ﺍ‬Pullman Hotel, Auckland, New Zealand A critical review of AML/CFT reform - effectively dealing with key implementation challenges in the new regulatory environment

High profile speakers include

Dr Russell Smith Principal Criminologist Australian Institute of Criminology

Gary Hughes Craig Richardson Partner, Wilson Harle Chief Executive Officer Barristers and Solicitors; Wynyard Group NZ Programme Director, ACAMS

Linn Murphy Manager, International Criminal Law Ministry of Justice

Pat O’Sullivan Manager, Financial Intelligence Unit, Financial Crime Group New Zealand Police

Guy Boyd Head of Compliance, Australia Division ANZ

Toby Fiennes Head of Prudential Supervision Reserve Bank of New Zealand

David Watts Chief Risk Officer Westpac New Zealand

The Anti-Money Laundering and Countering Financing of Terrorism WILL YOU Act (AML/CFT Act) will come into full effect on 30 June 2013. BE READY?

Key issues to be addressed

PLUS

• Hear best practice methodology from AML subject matter experts and institutions

Thursday, 23rd August 2012

• Practical preparation tips – what should your business be doing now?

‘Countdown 2012’

• Benefit from understanding the Australian experience – AML/CFT 6 years on • Understand the consequences of inadequate compliance • Mitigate the risks of your organisation becoming a victim of organised crime • Gather the latest insights into global and domestic financial intelligence Organiser

Register

N OW

Post-conference workshop

Richard Kirkland Partner, Enterprise Risk Services Deloitte

A hands on, practical guide to help ensure a ‘fit-for-purpose’ AML/CFT program. Don’t leave AML compliance to the 11th hour!

Endorsers

www.acevents.co.nz/amlcft2012

phone NZ +64 9 918 1860 and Australia +61 2 8908 8555


CONFERENCE DAY ONE Tuesday 21st August 2012

The role of Government – putting it all into perspective • Inter department and inter government co-operation – domestic and international Discussion • Australasia – Trans Tasman co-operation at last? • Effectively managing so many reporting entities • What are the biggest issues for the supervisors leading up to implementation? • The relationship with FATF, and what to expect in the near future • NZ - one of the last countries to adopt AML/CFT legislation – advantage or disadvantage? Panelists: Linn Murphy, Manager, International Criminal Law, Ministry of Justice Toby Fiennes, Head of Prudential Supervision, Reserve Bank of New Zealand Geoff Brown, Manager, AML/CFT, Financial Markets Authority Kate Reid, Manager, AML/CFT, Department of Internal Affairs 1.20 Panel

8.30 Registration and welcome coffee 9.00 Opening remarks and welcome address from the Chair Gary Hughes, Partner, Wilson Harle Barristers and Solicitors; NZ Programme Director, ACAMS 9.10 Follow the money Keynote • In 2009 the IMF estimated that the proceeds from organised crime available for money laundering through the world’s financial system was $US1.6 trillion. What role will New Zealand institutions play in stopping flows that perpetuate and promote criminal activities? • Compliance or conscience? • The social problem - the illicit financial flows of organised crime and social consequences of money laundering • The business problem - managing more risks, more regulations, more data and bigger losses with less resources • The intelligent solution – assessing threats, detecting crimes and investigating criminals – techniques to connect the dots and close the loop on money laundering Craig Richardson, Chief Executive Officer, Wynyard Group

The government regulators – AML/CFT legislation and supervision 9.50 The legislation - Ministry of Justice • The structure of the legislation, and general form • The finer details of the regulatory regime • Policy update • What else is to come before the regime goes live in 2013? Linn Murphy, Manager, International Criminal Law, Ministry of Justice 10.20 Morning tea and networking break 10.50 The Reserve Bank’s approach to AML supervision • Risks inherent within the sector • How the supervisors interact • Designated business groups approach • What the sector can expect from us in terms of supervision • Interaction with firms in the run up to 30 June 2013 Toby Fiennes, Head of Prudential Supervision, Reserve Bank of New Zealand

Reporting entities - The bankers perspective 2.05 Hanging out the dirty launderers • The New Zealand AML journey compared to the rest of the globe • AML challenges that face New Zealand institutions • Learning from international experiences David Watts, Chief Risk Officer, Westpac New Zealand 2.45 AML/CFT – Do minnows matter? • Key issues facing small banks • Pitfalls and traps • What does success look like? Doug Widdowson, General Manager Risk, The Co-operative Bank 3.20 Afternoon tea and networking break 3.50 Product vulnerability assessment and economic sanctions – the Australian perspective • Assessing the money laundering vulnerabilities of new financial products • Economic sanctions compliance for Australasian financial institutions Guy Boyd, Head of Compliance, Australia Division, ANZ

AML/CFT compliance – A substantial cost AND a substantial opportunity? 11.20 AML Supervision – What this means for you as a Discussion • What are the real impacts on the business in AML/CFT reporting entity: implementation? • Overview of sector • What are the opportunities to come from AML/CFT • FMA’s approach to supervision of issuers of securities, implementation? brokers, financial advisers, trustee companies, • How does program implementation impact on such a collective investment schemes and futures dealers wide variety of reporting entities? • Are you ready? • How do we pay for yet another regulatory requirement? • What are the key lessons from Australia? Geoff Brown, Manager, AML/CFT, Financial Markets Authority Panelists: David Watts, Chief Risk Officer, Westpac 11.50 DIA: Securing compliance in our sector Doug Widdowson, General Manager Risk, • Internal Affairs’ AML/CFT sector - what’s different about it? The Co-operative Bank • Internal Affairs’ regulatory compliance strategy Guy Boyd, Head of Compliance, Australia Division, ANZ • How we will go about supervising reporting entities 5.15 Closing remarks from the Chair and Networking Drinks when the AML/CFT Act commences. Maarten Quivooy, General Manager, Regulatory and NETWORKING DRINKS Compliance Operations, Department of Internal Affairs This is an ideal opportunity for you to meet with your peers in an informal setting to discuss the day’s events and build long-term 12.20 Lunch and networking break relationships. Don’t forget to bring plenty of business cards for this must attend gathering.

Register

NOW

4.30 Panel

www.acevents.co.nz/amlcft2012 phone NZ +64 9 918 1860 and Australia +61 2 8908 8555


CONFERENCE DAY TWO Wednesday 22nd August 2012

AML enforcement; global experiences; data management 9:00 Opening remarks from the Chair Discussion • What are the global trends and latest initiatives? • Leveraging analytics – managing the data 9.05 Money laundering in the 21st century and your • Risk based approaches to investigations AML/CFT programme: Is it relevant? • Multiple jurisdictions • Money has been laundered throughout the • What will AML enforcement look like in NZ? world for decades and possibly centuries. In much of Panelists: the world it has only received serious attention from Gary Hughes, Partner, Wilson Harle Barristers and governments in recent times with expensive and timeSolicitors; NZ Programme Director, ACAMS consuming focus being required by reporting entities Aaron Lloyd, Partner, Minter Ellison Rudd Watts • What is the context of all this activity? Richard Kirkland, Enterprise Risk Services Partner, Deloitte • What are the lessons from reporting entities in this Michal Amzallag, Senior Manager, Financial Risk part of the world as they implement their AML/CFT Management, KPMG programmes? Dr Russell Smith, Principal Criminologist, Australian • In the end, will strict compliance by reporting Institute of Criminology entities with compliance regimes really help to reduce instances of money laundering? 12.55 Lunch and networking break Stephen Drain, Director Forensic Services, Pricewaterhouse Coopers 12.05 Panel

9.45 When theory meets practice – proposed solutions to key challenges faced by financial institutions • Discussing key challenges and impacts of implementing AML/CFT measures in financial institutions across all sectors • Practical solutions • Lesson learned from other jurisdictions Michal Amzallag, Senior Manager, Financial Risk Management, KPMG Troy Nicholson, Senior Manager, Forensic Services, KPMG

Knowing your customer

1.55 FATCA: Moving beyond the denial phase • The relationship with AML/CFT • Practical actions to move the project forward • Seizing the efficiency opportunities Ceri Horwill, Director Treasury, Financial and Regulatory Risk Management Services, KPMG

Understanding money laundering and financing 2.35 of terrorism research: Balancing policy needs with Keynote privacy considerations 10.25 Morning tea and networking break • Describing the AML/CFT information environment - Locating AML/CTF research within an intelligence framework Legal risk and enforcement - AML/CTF research / intelligence methodologies • Explaining existing AML/CFT research 10.45 AML/CFT Act enforcement issues – what might we - Administrative data, official statistics, legal research, survey research, qualitative sources, international expect to see? comparative research • Avoiding investigations or enforcement action – or, • Identifying the limitations of AML/CFT research alternatively, handling them well - Government, statistical, academic, business • What is in the supervisors’ arsenal? (light-handed research, intelligence through to heavy artillery) • Understanding the missing pieces of AML/CFT research • How to combine regulator rapport with self-preservation - Crime reduction, enforcement activity, governance • Recurring themes in enforcement with illustrative • Overcoming the barriers to research examples from around the world - Legislative, contractual, ethical, statistical, financial, dissemination / cultural Gary Hughes, Partner, Wilson Harle Barristers and Dr Russell Smith, Principal Criminologist, Australian Solicitors; NZ Programme Director, ACAMS Institute of Criminology 11.25 AML & CFT as part of a matrix of legal risk 3.15 Afternoon tea and networking break management • How AML/CFT considerations may form part of a 3.30 The AML roadmap for New Zealand • Accessing customer verification information wider program of legal risk management for corporate • Lobbying for regulatory change to allow for additional organisations KYC data • Existing and upcoming AML/CFT legal regimes • Verification via an integrated approach • How corporations should incorporate compliance John Roberts, Managing Director, Veda New Zealand programs for those regimes into a wider program dealing with related matters such as bribery and 4.10 AML/CFT – The double edged sword of risk-based regulation • Critical success factors in developing a practical, corruption, sanctions and fraud sustainable AML/CFT Program • The increasing focus on business misconduct and • What can go wrong? – Lessons from the Australian white collar regulation experience and what to avoid • Obligations under the current Financial Transactions • Countdown to the 2013 ‘deadline’ – How to make the Reporting Act 1996 regime best use of the remaining time • Key changes under the AML & CFT Act 2009 Richard Kirkland, Enterprise Risk Services Partner, Deloitte • How AML/CFT issues interplay with other white collar regulatory concerns: 4.50 Positioning the New Zealand Financial Intelligence Unit in the new AML/CFT environment - bribery and corruption • Information collection (methods and types) - proceeds of crime • Technology issues - sanctions • Information sharing across Government - fraud • The FIU’s role in the regulatory environment • Why a comprehensive approach to legal risk Pat O’Sullivan, Manager, Financial Intelligence Unit, management in these areas is desirable Financial Crime Group, New Zealand Police Aaron Lloyd, Partner, Minter Ellison Rudd Watts 5.30 Closing remarks from the Chair and end of conference

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POST-CONFERENCE, full day workshop Thursday 23rd August 2012

COUNTDOWN 2013

A hands on practical guide to help you ensure a ‘fit-for-purpose’ AML/CFT program About the Workshop As the enforcement deadline draws ever closer, key stakeholders in AML/CFT programs will increasingly be asking themselves whether their programs are practically sustainable and capable of withstanding regulatory scrutiny. These fundamental prerequisites cannot be left to chance or the 11th hour. This workshop will provide you with a portfolio of useful tools and techniques to gauge the readiness of your program, covering: • AML/CFT Risk Assessment Methodologies - Why your ML/FT risk assessment is critical to your AML/CFT program - What’s appropriate for your organisation? • Benchmarking your AML/CFT Program - What approaches should you be using to identify any remaining deficiencies in your program? - How do you assess whether or not your program is in line with industry best practice? • Compliance Monitoring - What should you put in place to ensure your AML/CFT program is working? This highly informative workshop has been specifically designed to provide you with the practical tools to ensure your organisation is ‘change ready,’ networked, and has the appropriate capability to successfully handle an AML/ CFT program.

Benefits of attending: You will: • • • •

Be better placed to judge the real (in substance) readiness of your AML/CFT program as the enforcement deadline looms Be able to assure yourself and other key stakeholders that what you are putting in place will be demonstrably successful and sustainable Hear first-hand from senior practitioners who have applied experience in delivering / assuring AML/CFT programs Enhance your knowledge of options that may be worthy of consideration for your organisation

Who should attend? This workshop is recommended for: AML/CFT managers (mandated / designated), project / program managers, risk managers (in central corporate roles or in line business roles), internal audit staff who will be responsible for reviewing their organisation’s ML/TF risk assessments and AML/CFT programs, and business owners impacted by the AML/CFT regulations.

About Your Workshop Leader Richard Kirkland, Enterprise Risk Services Partner, Deloitte Richard is a partner in Deloitte New Zealand’s Enterprise Risk Services practice, where he leads the firm’s risk consulting services. He is also a member of the global firm’s Global Financial Services Industries (GFSI) Risk and Capital Management service line. Richard has over 25 years of financial and risk management experience and consults across Australia, New Zealand and Asia-Pacific in the fields of Strategic Risk, Regulatory change, Enterprise Risk Management, Credit and Operational Risk Management, Policy Development and Corporate Governance. Prior to joining Deloitte Richard held senior positions with Westpac Banking Corporation, the Development Bank of Southern Africa and Swiss Reinsurance with responsibilities covering: Risk Strategy, Commercial / Business Credit Risk, capital and solvency management, Operational Risk and Program management. Richard has been actively involved in helping clients in New Zealand, Australia and throughout Asia prepare for the new global regulatory capital regime (Basel II) for the past 11 years. He also works closely with banks and non-bank financial institutions in proactively responding to regulatory change and associated impacts on their respective business operating models. The changes include prudential regulation (Basel III), Market Conduct regulation (Financial Advisers Act) as well as other international regulations and requirements (AML/CFT and FATCA).

Specialist guest presenters include:

Bernadette McKendrey, Client Service Director, Deloitte

Ian Tuke, Associate Director, Deloitte

Aub Chapman, Senior Advisor, Deloitte

Timings Registration commences at 8.30am, with a 9.00am start and includes breaks for morning coffee and lunch, finishing by 3.30pm.


12

CAMS C.E. Credits

Association & Communications Events have been running highly successful events in New Zealand and Australia for over 10 years with a comprehensive portfolio of finance industry events. Having taken on board all the feedback from these events, we bring to you the only AML/CFT event in New Zealand that brings together all of the affected parties. This includes Government regulators and supervisors, professional advisors and subject matter experts, and the reporting entities themselves.

are available for full conference attendance by

ACAMS Members

After talking to many people extensively involved in the industry and taking on the advice from government, the banks, and endorsers ACAMS, NZBA and NZLS, an agenda has been compiled based on what you want to hear:

If you are an AML/ CFT reporting entity,

• • • • • • •

you must fully comply with the new Act by June 2013.

Government supervision Organisational compliance AML research Inter jurisdiction compliance International case studies Practical tools to become compliant by the June 2013 deadline How to minimise the potential to be a victim of AML/CFT

All speakers come highly recommended by experts in the field, including speakers from every government department involved, the top professional advice firms, senior hands on risk and compliance managers from reporting entities, and international experts.

If you are advising a reporting entity, you

Participate in a mix of formal presentations, case studies, joint presentations, panel sessions, and workshops, with genuine networking opportunities at AML/CFT Summit 2012

must know how.

Will you be ready? CURRENT SPONSORS AND EXHIBITORS Platinum sponsor

Lunch and refreshment sponsors

Exhibitors

Associate sponsor

Networking drinks sponsor

S S S G

ERIN

PR

CAT

Please contact Warren Williams on T: +61 2 8908 8517 or E: warren@acevents.com.au

A

OPPORTUNITIES

OM RO

SPONSORSHIP & EXHIBITION

LL BA SS CE

IN

S S S S

SOLD


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If you are unable to attend this event, a replacement delegate may be sent in your place at no extra charge. Association and Communications Events does not provide refunds for cancellations made more than 7 days after your registration is received, therefore the invoiced fee remains payable in full. Should you wish to cancel your registration within the 7 day cooling off period, we will refund your registration fee less an administration fee of $150 (GST inclusive). Any cancellation must be made in writing and sent by email. Association and Communications Events will make available course documentation to any delegate who is unable to attend and who has paid in full. Unfortunately some speakers request their papers are not distributed. See full terms and conditions on our website: www.acevents.com.au/policy.html

If you have not already organised your accommodation, we have arranged discounted room rates at a number of hotels around the event venue. Please visit www.acevents.co.nz/amlcft2012 for details.

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FAX: +64 9 522 7430 (NZ)/+61 2 8908 8556(AU)


AML/CFT Summit 2012