TGPL Compliance Forum Hosted by the Association of Latvian Commercial Banks Riga, Latvia June 14 th 15 th 2018

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Cornelius Thompson
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1 TGPL 2018 Compliance Forum Hosted by the Association of Latvian Commercial Banks June 14 th 15 th 2018

2 Thursday, June 14 th Registration, Coffee & Networking Welcome & Introduction Association of Latvian Commercial Banks Compliance Governance Organisation/Compliance Management Frameworks Overview Eoin O Shea, CEO, Temple Grange Partners Effective Compliance Programmes & Governance. Practical walk-through illustration of USA Dept. of Justice guidance/expectations. To whom should compliance report, handling escalation, role of the Board and management committees, engagement with business leadership/management, policy creation and streamlining, importance of strategic planning vs transactional reactions, building top-down support, tone from top, setting priorities, realistic objectives, budget allocation, KPIs and understanding output demographics (who do you want to impact and why?), ways to measure success, continuous improvement, understanding the full cost of compliance support to help determine profitable business strategies. Mid-morning Break Financial Crime Compliance (FCC) Programmes: including Sanctions, KYC, AML and PEPs Baheer Jeyaraj, Senior Programme Manager, Temple Grange Partners What does a good FCC programme look like, how are the subjects of Sanctions/OFAC, AML, KYC and PEPs all interlinked? Taking a more holistic approach with centralised programme efforts for preventing, investigating and remediating financial crime. How to set-up a programme by convergence of people, processes, technology and data. How to build a risk-based approach from an informed view of FC risk to the enterprise. Designing the FCC programme to be effective and produce real operational outcomes. Importance of programme management, governance and oversight and continuous evaluation of the effectiveness of the programme. 2

3 Thursday, June 14 th (cont d) Sanctions and Watchlist Compliance Chrisol Correia, Director, LexisNexis Risk Solutions An up to date perspective on how banks in Europe, USA and other countries are using technology to comply with the latest government regulations addressing Sanctions, including those related to anti-money laundering, foreign corruption and terrorist financing. Researching individuals and businesses for global sanctions and enforcements, politically exposed persons and associates, adverse media and state owned companies. Reducing false positives and minimising manual reviews. Prioritising focus areas Lunch - Discussion Topic: Transparency and Beneficial Ownership: The (Not-So) New and Future Normal Presenter: Barry Koch, Senior Consultant, Temple Grange Partners There is an irreversible global trend toward transparency and more disclosure in banking. The world is shrinking, but the appetite for regulation and enforcement is growing, especially re: promoting more transparency concerning beneficial ownership, and looking through shellcompanies. What led to this trend? Some recent triggers and developments. Discussion of s. 311 USA PATRIOT Act enforcement Interactive Workshop: Case Studies Session A: Customer On-Boarding (KYC) & Risk Assessment Hosted by: Baheer Jeyaraj, Senior Project Manager, Temple Grange Partners Edward So, Subject Matter Expert, Temple Grange Partners Interactive workshop, using case studies and moderated groups to discuss anonymised client case studies Afternoon Break Interactive Workshops Separate Sessions: Case Studies Session B: On-Going Monitoring and Screening Sanctions, PEPs, Payments & Transactions Hosted by: Baheer Jeyaraj, Senior Project Manager, Temple Grange Partners Edward So, Subject Matter Expert, Temple Grange Partners Interactive workshop, using case studies and moderated groups to discuss anonymised client case studies Case Studies Session C: Trade Finance Hosted by: Filip Verbeke, Partner, Consortix Interactive workshop, using case studies and moderated groups to discuss anonymised client case studies 3

4 Thursday, June 14 th (cont d) Summary: Association of Latvian Commercial Banks & Eoin O'Shea, CEO, Temple Grange Partners Summary of day s themes, including key learnings from workshops Q&A Open floor to Q&A (hosted by TGP CEO joined by SMEs on panel for open audience Q&A) CEO Dinner By Invitation Hosts: Eoin O'Shea, CEO, Temple Grange Partners Filip Verbeke, Partner, Consortix 4

5 Friday, June 15 th Friday June 15 th 8.30am 4pm Meetings with Temple Grange Partners, Consortix and LexisNexis representatives. Private meetings will be available between 8.30am and 4pm on Friday June 15 th by advance appointment. This will give an opportunity for participants to discuss issues raised during the forum in a 1:1 format. These appointments are limited. Please complete and submit the attached appointment request form if you wish to take advantage of this opportunity. 5

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