Bribery and corruption are among society's biggest problems. This webinar will explore how to mitigate PEP risks and implement an effective PEP due diligence framework.

In 2018, the United Nations estimated that over US$1 trillion is paid annually in bribes, and another $2.6 trillion public funds are stolen. The money from these illegal activities is typically laundered and as a result, preventative measures related to politically exposed persons (PEPs) is a key requirement of anti-money laundering legislation and guidance worldwide.

The real challenge, however, is practical:

How do you design, implement and operate a set of policies and procedures to conduct due diligence on PEPs at scale?

How do you do this affordably, and without undue impact of legitimate business?

And what are the typical pitfalls of PEP due diligence?

Listen to our expert-led complimentary webinar to gain insights into the challenges, solutions and recommendations to mitigate PEP risks. In the webinar, we covered:

The requirements – FATF R12 and implementing legislation
Who is a PEP anyway?
Methods of PEP identification, what role does KYC, screening and transaction monitoring play?
Designing an effective screening programme
What does a robust enhanced due diligence and monitoring process look like?

Event info

Format: On-demand

Duration: 1HR

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OUR SPEAKERS

Oonagh van den Berg

Founder & Managing Director

RAW Compliance

Oonagh is the founder of RAW Compliance and Virtual Risk Solutions - VRS, which offer compliance and behavioural science training services and compliance consultancy services. Prior to this she was most recently APAC Head of AML and Regulatory Compliance Internal Audit for Citibank. She is also the host of the global Podcast Series “The Compliance Word”.

With over 18 years’ experience in a range of fields and disciplines within legal and financial services non-financial risk, Oonagh has built and lead various compliance risk frameworks and teams across the industry and developed and maintained regulatory and industry body relationships.

She is an advocate for ethical compliance leadership and framework development, with increased automation including AI and Machine learning integration. She is also passionate about empowering people with the capabilities to address risk challenges through understanding behaviours to break down barriers and create cultures of morally imperative business sensitive decision making .

Oonagh has a strong reputation as an SME in the compliance industry, is a recognised thought leader, and frequent industry speaker on financial crime and regulatory compliance related issues,. She also acts as a mentor, is a guest lecturer at Hong Kong University (HKU) Space program, a guest lecturer for the International Compliance Association (ICA), and a member of the WIBF thought leadership committee.

Patrick Ford

AML Lead, Financial Crime Decision & Control

ANZ

Patrick has forged a career as AML Compliance Professional having worked in the industry for the past 19 years across both the Public and Private sectors. Patrick spent 7 years with AUSTRAC (Australia’s AML/CTF Regulator and Financial Intelligence Unit) where he lead teams responsible for working with Law Enforcement and Revenue agencies to integrate Financial Intelligence into their day to day investigations and operations. During this time, Patrick worked on a number of High Profile investigations which lead to positive outcomes for the Australian Government.

Patrick joined ANZ in 2009 where he was appointed to oversee ANZ’s Transaction Monitoring, High Risk Customer identification and Suspicious Matter Reporting regime. During his career with ANZ, Patrick has also held the position of MLRO for ANZ’s Institutional Australia Business covering all aspects of AML compliance and in his current role, Patrick leads a specialised team charged with conducting high risk AML Investigations and is responsible for key decision making on complex Financial Crime cases within ANZ.

Haeyoeun Seo

Risk Solutions Consultant

Refinitiv

Haeyoeun is Refinitiv’s Risk Solutions Consultant based in Hong Kong office. Haeyoeun works with financial institutions and global corporations across the region to manage a wide array of AML/ABC risks. She also managed numerous pre-transactional projects across industries and jurisdictions including IPO and M&A, helping clients making informed decisions related to potential and existing investments.

Haeyoeun is a certified anti money laundering specialist and has received legal trainings in England.

Michael Meadon

Proposition Sales Director, Risk, APAC

Refinitiv

Mike leads Market Development for Refinitiv’s risk business across Asia. In this role he helps define Refinitiv’s go-to-market, product and content strategies, including for the flagship World-Check and Enhanced Due Diligence product sets. He is particularly focused on keeping abreast of regulatory, industry and technological developments, to ensure Refinitiv continues to innovate and develop products that meet client needs.

Mike has a degree in Politics, Philosophy and Economics from the University of Cape Town, and spent several years at the University of KwaZulu Natal (UKZN) studying cognitive science. As a “former future academic”, he has a strong continued interest in history and science, and particularly palaeoanthropology, astronomy and cognitive science. Professionally, Mike has a passion for combating corruption, transnational financial crime, and believes in the power of big data to achieve these ends.