'Top AML Themes for 2021 - Arising from CBI’s ‘Dear CEO’ Letter' Webinar

In this exclusive fireside chat, two leading figures in the world of financial crime prevention, fscom’s Director of Financial Crime, Philip Creed and Fenergo’s Global Director of Financial Crime, Rachel Woolley take a look at what they predict will be the key regulatory focal points of AML for the year ahead.

Informed by the Dear CEO letter issued by the Central Bank of Ireland (CBI) in December 2020 to Schedule 2 firms, and a combined 30 years’ experience in financial crime, they will discuss the key areas of focus, what they mean for compliance officers and what we all need to ‘do better’ not only to avoid regulatory scrutiny but to more effectively detect and prevent financial crime.

Key areas of focus will include the AML Directives, roles and responsibilities of the Board, policies and procedures in relation to risk assessments, onboarding and due diligence and reporting suspicious activity. We will look at how technology solutions can help manage some of these processes effectively in order to demonstrate compliance and avoid regulatory penalties.