About this Event
Understanding ML/TF Risks and Highlights from Project Islington Report
Join us for our Australasian Chapter’s event in Sydney where esteemed speakers will present on money laundering risk and highlights from the NSW Crime Commission’s Project Islington. Don't miss this opportunity to gain valuable insights and contribute to the discussion.
1. Understanding ML/TF risks: the key to a risk-based AML/CTF Program
A robust ML/TF risk assessment is essential in providing a reporting entity with a thorough understanding of its ML/TF risk exposure so that the AML/CTF Program and supporting policies, procedures, controls and systems are able to be designed and implemented commensurate to the ML/TF risks identified.
In this session, you will hear on the intersection between the ML/TF risk assessment and a risk-based AML/CTF Program.
Our guest speakers from Ashurst will discuss the importance of maintaining an ongoing understanding of ML/TF risks, practical challenges in performing ML/TF risk assessments and how to ensure that your AML/CTF Program is informed by ML/TF risk assessment results.
2. Project Islington
For years there have been allegations raised that money laundering through electronic gaming machines (EGMs) is widespread. EGMs are anonymous and can be found in almost every licensed venue in NSW. Given their ability to accept cash and their anonymity, why shouldn’t they be used to launder money?
The NSW Crime Commission established the Islington inquiry to investigate the allegations and determine whether they could be substantiated. The Commission published the Islington Report in October 2022.
The presentation will cover the highlights of the report and subsequent uplifts.
Venue
Ashurst
Level 11
5 Martin Place, Sydney
NSW 2000
Thank you to Ashurst for kindly hosting this event.
*Chapter-run events won't happen without the kind support of our venue sponsors. If you would like to support our Chapter by hosting events in Adelaide, Auckland, Brisbane, Melbourne, Perth, Sydney or Wellington, please send an email to [email protected]
Timing
Registration Opens: 5:30pm
Presentations Start: 6pm
Presentation Ends: 7pm
Close of event: 8pm
This event is for both ACAMS members and non-members – you can join or renew your ACAMS membership here:
https://www.acams.org/en/about
ACAMS members must provide their membership number during registration.
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Moderator
Manish Ghiya
Programming Director, Sydney, ACAMS Australasian Chapter
Guest Speakers
Kieran Francis
Director, Financial Crime, Ashurst Risk Advisory
Kieran is a Director in the Ashurst Risk Advisory Financial Crime team. Kieran is an experienced financial crime consultant with a demonstrated history of working in AML/CTF, Sanctions, ABC and Investigations. Kieran has extensive experience with risk assessments, independent reviews, current state assessments, large-scale transformations, and targeted AML/CTF uplift.
Prior to joining Ashurst Risk Advisory, Kieran advised a range of clients while working at Big 4 consulting firms. Kieran has experience working in the banking, superannuation, wealth, remittance, gaming and fintech industries. Kieran is a certified AML/CTF specialist (CAMS) and Certified Practising Accountant (CPA).
Hong-Viet Nguyen
Partner, Financial Regulation, Ashurst
Hong-Viet Nguyen is a Partner in the Ashurst financial regulation practice in Sydney.
Hong-Viet has over 17 years’ experience in the regulation financial services with a particular focus on consumer banking, payments, wealth management and insurance (life and general). Hong-Viet’s experience includes advising in respect of licensing and regulatory compliance, anti-money laundering and counter-terrorism financing laws, privacy and consumer protection.
Hong-Viet has a passion for helping financial institutions navigate the financial services regulatory landscape by helping them to understand their obligations and providing practical guidance on how to do so. Her clients include a number of major banks and other corporates. Before joining Ashurst, she was a partner at another law firm in Australia.
Louise Douglas-Major
Intelligence Manager, NSW Crime Commission
Louise Douglas-Major has worked in various intelligence roles within the NSW Crime Commission for more than 15 years, including as an intelligence manager for the last ten years. Louise has specialised in the investigation of money laundering offences, but also has extensive experience in the investigation of serious drug offences, fraud, and a range of other matters. Throughout her career, Louise has worked in partnership with different law enforcement and regulatory agencies and is always looking for ways in which joint agency investigations can be improved.
Louise led the Crime Commission’s contribution to the NSW Inquiry into the allegation that there is widespread money laundering through electronic gaming machines.
Event Venue & Nearby Stays
Ashurst, 5 Martin Place, Sydney, Australia
AUD 0.00
