Payment Services Financial Crime & Compliance Forum 2024

Date: 7 March 2024

Overview of Event

On the 7th March 2024, we welcomed members of the payments industry to discuss the latest compliance trends and issues to share knowledge and ideas with an audience made up of payments compliance professionals.

Our event consisted of a mixture of presentations and panel sessions held by industry specialist guest speakers as well as our Cosegic experts. Each of our sessions aimed to share insight, guidance, and opinion on the topics that are currently impacting payments firms. In addition, we provided attendees with the opportunity to network with peers and industry experts throughout the afternoon and over drinks and canapes following the events conclusion.

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Topics covered

Item  Speakers
Welcome and Introduction

James Borley, Managing Director, Cosegic

Part 1: Authorised Push Payment Fraud 
Keynote Address: APP Fraud 

Ben Woodside - Manager of Policy, Payment Systems Regulator

Panel Session - APP Fraud

John Burns - Senior Adviser, Cosegic

Ben Woodside - Manager of Policy, Payment Systems Regulator

Rebecca Hickman - Partner, Addleshaw Goddard

Martin Dowdall - Senior Managing Associate, Sidley Austin

Part 2: Meet the banks
Panel Session - Bank expectations and requirements

James Borley - Managing Director, Coegic

Adam Mehmet - Industry Director, Barclay Bank

Anil Idnani - Head of Compliance and MLRO, iFAST Global Bank

Meredith Beeston - Director, ClearBank

Coffee and Networking
Part 3: HMRC - ML and Fraud typologies
Alternative Banking Platforms Money Laundering, and Tax Fraud Typologies De Quincey Bailey, Illicit Finance Lead - Money Laundering SME, HMRC
Part 4: Financial Crime 
Panel Session: The Female MLRO

Corinna Venturi - Director, Cosegic

Natalie-Ann Roberts - JustGiving

Etika Chopra - Clear Junction

Donata Raudonyte - Jaja Finance

FCA update
FCA Payments Portfolio Letter - One Year On

James Borley - Managing Director, Cosegic

John Burns - Senior Adviser, Cosegic

Wrap Up and Close James Borley - Managing Director, Cosegic
Networking - Drinks & Canapes  

 

HMRC & PSR Guest Speakers

We were delighted to be joined on the day by Ben Woodside, Manager of Policy at the Payment Systems Regulator (PSR), and De Quincey Bailey, Illicit Finance Lead - Money Laundering SME, HMRC.

Ben has been at the PSR since its inception in 2015, and has over 20 years’ experience of economic regulation, across a range of sectors and jurisdictions. During the Forum, Ben discussed APP Fraud and providing insights on how it is currently impacting the payments sector.

De Quincey is a Senior Investigation Officer and Illicit Finance Lead in His Majesty’s Revenue & Customs (HMRC), Fraud Investigation Service (FIS) and Organised Crime Operations. Among other things, De Quincey is HMRC’s Money Service Business (MSB) expert, and in that role provides expert level technical support concerning money laundering, terrorist financing, and the application of the Money Laundering Regulations. With expertise in ‘underground banking’ and the criminal exploitation of alternative payment systems, De Quincey spent his time discussing: Alternative Banking Platforms Money Laundering, and Tax Fraud Typologies.

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