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For Financial Services Professionals
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The Worshipful Company of International Bankers/WCIB Breakfast Briefing at Withers 23rd January 2019

WCIB Breakfast Briefing at Withers 23rd January 2019

WCIB Members and their guests are invited to a breakfast seminar hosted by Withers LLP on “Financial crime – is it your problem?” to be held on Wednesday 23 January  2019 at Withers' offices, 20 Old Bailey, London EC4M 7AN, from 7.45 am – 9.00 am.

Financial crime – is it your problem?  Stand up and take notice; this is a real risk to your livelihood and even liberty!

Every financial services institution, its senior management and its employees are expected to work with the regulators to prevent financial crime but any anti-financial crime measures are only as good as their weakest link(s).   Are your firm and you one of those weakest links?  This seminar will consider the common pitfalls.

In this joint presentation Harvey Knight of Withers LLP and Claire Simm of Duff & Phelps will update you on the latest regulatory developments in relation to the prevention of financial crime and their wider implications for financial services firms and those individuals who work with and manage them.

Harvey Knight will introduce this highly topical issue and its current regulatory context and then Claire Simm will discuss real life examples identified in the course of past Duff & Phelps’ 166 Skilled Person work engagements ranging from frontline staff who fail to recognise red flags to the lack of oversight exercised by the firm’s transaction monitoring and screening tools to highlight how regulatory concerns are identified and pursued in practice.

With the ever increasing regulatory focus on individual senior management accountability when something goes wrong it is no longer likely to be treated as solely a systems and controls failing.

Our speakers will be:

Harvey Knight, the former FSA legal adviser, inter alia, to the FSA's Approved Persons function, now the Withers partner heading their Financial Services Regulatory Group. Harvey has spoken to us in the past on the Senior Manager regime and the assistance he is providing to bankers involved in current PRA and FCA Enforcement investigations, regulatory disputes with employers and confidential data and cyber security: the behavioural challenges.

Claire Simms is a Managing Director in Duff & Phelps’ Regulatory Consulting team, with over 15 years’ governance, risk and compliance experience across financial services. She is responsible for leading their work with clients in relation to financial crime/AML-related projects, regulatory and operational due diligence engagements, and large scale regulatory remediation programmes. Claire has been engaged to undertake regulator-commissioned reviews of firms’ arrangements across a broad range of governance, risk and compliances framework and control areas. This has included a number of international regulators including the FCA in the UK, SFC in Hong Kong, SEC and Department of Justice in the US, JFSC in Jersey and CIMA in the Cayman Islands. These covered a broad range of regulatory topics across different financial services sectors, with a particular focus on AML and financial crime.

Withers is the leading international law firm focused on the needs of successful individuals, entrepreneurs, their families and their businesses. With 18 offices worldwide and more than 160 partners, Withers places great store on advising senior executives as they manage and develop their employment relationships and reputations – whether as directors, shareholders, partners or employees. In addition, the firm advises on finance, corporate, tax planning, litigation, reputation management, immigration, intellectual property and real estate.

Buffet continental breakfast will be served from 7.45am – 8.00am.


Sincere thanks to Withers LLP for donating their time, expertise and premises for this important event. 

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