The trajectory of European AML regulation: will directive become regulation?
Professional Development
Overview
The European response to criminal finances is ever-evolving. Following various iterations of Anti-Money Laundering Directives (“AMLDs”), there is increasing concern at EU Member State failures to transpose 4AMLD into national law, creating weaknesses with the EU’s AML framework. One solution being considered to drive harmonisation is to move from Directive to Regulation. This seminar will explore the difference between EU Regulations and Directives, the current status of play as regards Member State adoption of the AMLDs and the relevance to third countries, like Jersey, of the potential direction of travel.
Suitable For
All those working within compliance related fields in the Jersey Financial Services sector.
This course has already run and a new date has not yet been scheduled. Please contact us to register your interest.
Learning Outcomes
Having attended this seminar, delegates will:
- Understand the difference between a Regulation and a Directive
- Understand the developments and current status of EU AMLDs
- Understand the impact of MLDs and a potential AML Regulation on Jersey
- Begin to develop strategies in response to the EU direction of travel
GENERAL INFORMATION
Timings: 12:00-13:00 (Registration from 11:45)
Venue: Jersey International Business School
BENEFITS
- Certificates of attendance are provided
- Refreshments are provided
- 1 hour of CPD
SPEAKER
Tom Cowsill, Head of Policy & Advisory at Standard Bank Jersey Limited
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Tom joined Standard Bank in 2017 as Head of Policy & Advisory. He is responsible for ensuring Compliance policies and procedures for the Offshore Group adhere to evolving regulatory standards and for providing advice and training to the business on regulatory change, cross-border risk and ad hoc matters. Tom qualified as a Chartered Accountant and Chartered Tax Advisor within Ernst & Young's Financial Services Office. Although specialising in corporate tax, Tom's client portfolio covered a range of corporate and personal clients from both the UK and Jersey. In 2013, he moved to Jersey Finance Limited, the promotional organisation for Jersey's financial services industry, where he held research and operational roles before being appointed as Head of Technical. Within that role, he chaired a number of industry working groups tasked with developing and considering amendments to Jersey's legislative and regulatory landscape and also led the technical response to major developments such as the Panama Papers, Beneficial Ownership Registers and the UK ‘Brexit’ Referendum. |
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