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.
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.