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Money Laundering and Financial Crime Prevention 2011

18 October 2011 - 18 October 2011

At the end of May, the Government confirmed plans to police businesses through a new "white collar" crime agency formed out of elements from the Serious Fraud Office, Financial Services Authority and Office of Fair Trading.

Under the radical reforms, this new National Crime Agency will take responsibility for the investigation and prosecution of corporate crime. It will include an Economic Crime Command and companies may also be held liable for the actions of their staff in a move that would overturn current laws protecting businesses from their employees' misdemeanours. The plan foresees that the transition to the establishment of the new agency will be completed over the next two years.

Meanwhile the FSA have just put forward proposals for their Financial Crime: A Guide for Firms embracing advice on anti-money laundering, terrorist financing, fraud, bribery and corruption data security, sanctions and proliferation financing. Although it is 'non-binding' the Authority emphasise that they will expect firms to be aware of the guidance it contains on and, where appropriate, to consider how to translate it into more effective policies and controls. The final form of the Guide should appear before the end of the year.

Against this background of significant change, City & Financial's tenth annual conference brings together a panel of exceptional speakers including James Brokenshire, the recently appointed Home Office Minister for Crime and Security, to assess how financial institutions should ensure that they are not only fully compliant, but also make the most of the opportunities presented by these developments to manage financial crime risk more effectively.

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Specific issues to be discussed will include:

• The Government's response to financial crime
• The national fraud strategy
• Co-ordinating fraud and anti-money laundering strategy
• SOCA to date – Looking forward to the National Crime Agency
• Developments in the US
• A update on JMSLG activities
• The Bribery Act and financial institutions: six months on
• Current and new threats in financial crime and terrorist financing
• Practical compliance issues for companies

This conference should be attended by senior management, heads of fraud and security, compliance management, internal auditors and in-house counsel within financial institutions and their professional advisers.