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  • General description

    Recent failures of European financial institutions in combatting money laundering have increased the pressure on supervisory authorities. There is a need to strengthen the anti-money laundering (AML) supervision, as well as the expectations on financial institutions themselves to enhance their ability to manage those risks – starting from better risk understanding, appropriate governance to effective and comprehensive control processes.

    The intermediate-level academy on AML has been designed for both senior professionals in the financial services industry working in the AML area and representatives of supervisory authorities. In addition to providing thought-provoking content on evolving industry and supervisory practices, the academy will be a platform to stimulate exchanges and debates between the public and private sectors.

    The academy, which will be held under the Chatham House rule, will provide an opportunity to financial institutions professionals to improve their understanding of supervisory mechanisms and expectations, and act as a forum to interact and exchange views with peers on the latest industry trends in risk management processes and tools. For the supervisors the academy provides an overview of good industry practices in managing the money laundering risk, as well as concepts and approaches for effective supervision.

    Why an Online Academy?
    In this Online Academy by the Florence School of Banking and Finance, co-organised with Oliver Wyman, you will benefit from exclusive insights from a group of leading experts, minutely selected from our network of academics, members of European institutions, management consultants and practitioners from the financial services industry. Your approach to the topics covered in this academy will be guided via a wide selection of activities, including lectures, interviews and panel discussions, reflecting the plurality of experiences of the academy instructors. Additionally, you will participate in collective case studies and roleplays, where you will have the opportunity to personally interact with the instructors and the other academy participants in working on some real-life scenarios.

  • Topics covered

    • Role of financial services firms in fighting financial crime
    • Implications of financial crime risk for financial institutions and financial system stability
    • Institutional architecture and regulatory framework for financial crime supervision
    • Key trends and evolutions in AML supervision and practices
    • Supervisory perspectives and expectations in relation to firms’ governance and internal control systems
    • Use of AML risk assessment and risk appetite frameworks
    • Key trends and evolutions in core control processes: customer due diligence, customer risk rating and transaction monitoring

  • What you will learn

    • Understand the regulatory and institutional framework for AML/CFT
    • Identify evolving supervisory practices
    • Develop a better risk understanding and AML risks management
    • Put in place effective and comprehensive control processes, for appropriate governance
    • Observe the latest industry trends in risk management processes and tools
    • Determine the key challenges of crypto-assets and new technologies for AML/CFT
    • Critically reflect on an EU AML Architecture 

  • Core Faculty

    Anthony Charrie

    Anthony Charrie

    Anthony Charrie is a Partner in Oliver Wyman’s Public Policy practice. He is specialized in advising Governments, Central Banks and supervisors on AML/CFT-related matters. In particular, he has supported multiple jurisdictions in conducting and drafting their National Risk Assessment (NRA) and national AML/CFT strategy in Europe and North America; he works regularly with financial supervisors to help them enhance their capabilities and address gaps in their supervisory processes and practices; and he worked with Financial Intelligence Units (FIUs) and law enforcement agencies across many jurisdictions.

    Carolin Gardner

    Carolin Gardner

    Carolin coordinates the European Banking Authority (EBA)’s work on AML/CFT. She has been working at the EBA for more than five years and oversaw the development of common EU guidance and standards on the risk-based approach to AML/CFT. She is also leading a multi-annual programme to assess EU competent authorities’ approaches to the AML/CFT supervision of banks. Prior to joining the EBA, Carolin was a technical specialist on AML/CFT and anti-corruption policy at the UK Financial Conduct Authority (FCA) and a senior financial crime policy associate at the FCA’s predecessor, the Financial Services Authority. She also worked for Transparency International, an international anti-corruption charity. Carolin is a member of the Commission’s delegation to the FATF and the BCBS’s AML Expert Group. Whilst working at the FCA, she represented the UK at the FATF and at European negotiations.

    Dominik Käfer

    Dominik Käfer

    Dominik Käfer is a Partner n Oliver Wyman’s Finance and Risk Practice. He is an experienced Financial Services Professional and ex Director of HSBC Global Risk Management having worked with Global Institutions and Professional Firms in EMEA, Asia Pacific and Americas. Dominik’s areas of expertise comprise Financial Crime Compliance, Operational Risk, Strategy Definition and Operationalization of Compliance Standards incl. AML, KYC, Anti Fraud, Counter Terrorist Financing and Anti-Bribery & Corruption. He has managed the delivery of global compliance strategies, business impact analyses and operating model implementations across multiple business areas, jurisdictions and legal entities of global organizations with significant US exposure. He has recently lead a number of projects designing the approach for strategic Anti-Fraud and Anti-Financial Crime Risk Assessments for leading Global banks.

    Sean Kennedy

    Sean Kennedy

    Sean Kennedy is Partner – Head of Finance & Risk and Public Policy, Asia Pacific at Oliver Wyman. Sean has an international career spanning over 20 years in both industry and consulting, which uniquely positions him to appreciate the complexities of organizational politics, conflicting priorities and daily firefighting, but equally helps him work with his clients to balance those demands and deliver highly impactful results.

    Michael Levi

    Michael Levi

    Professor of Criminology at the School of Social Sciences, Cardiff University

    Olena Loboiko

    Olena Loboiko

    Olena Loboiko has joined European Commission in 2017 as a policy coordinator in the Banking Unit of DG FISMA, dealing with various aspects and topics of banking prudential regulation and policy (Pillar II, consolidated supervision, large exposures, operational risk, relations with the SSM and the European Banking Authority), including in the process of adoption of the so-called banking package (CRDV/CRR2). In addition to her work related to prudential legislation, Olena is a member of the FISMA AML team and has been involved in the development of all the recent AML-related policy and legislative initiatives of the Commission (2018 Communication and AML part of the ESA review proposal, recently adopted AML reports). Olena started her career in 2012 at De Nederlandsche Bank (Dutch Central Bank, DNB) as a policy advisor, working in various units of the Supervisory Policy Division. She was in charge of coordinating the relations with the European Banking Authority, including preparations and support of the DNB Board member’s participation in the EBA Board of the Supervisors meetings. She represented DNB in various international policy fora and expert groups of the Basel Committee and the European Banking Authority. Was responsible for a number of prudential areas of DNB’s technical assistance in implementation of Basel standards in third countries (in the context of IMF technical assistance framework), organised and conducted seminars and trainings on Basel 3 for third country experts in the Netherlands and in Ukraine. Olena has obtained her M.A. (cum laude) in International relations and Public International law from Ivan Franko National University of Lviv, Ukraine, in 2010, and her L.L.M. (cum laude) in European and International public law from Erasmus University of Rotterdam, the Netherlands, in 2011.

    Maria Macedo

    Maria Macedo

    Maria is the Head of the Non-Financial Risk Expert Division at the European Central Bank (ECB), where she has been working for more than six years. Among others, Maria has been in charge of setting up the horizontal AML coordination function (AMLCO), which acts as a central point of contact and centre of expertise on prudential issues related to ML/TF. Maria also chairs the AML network of prudential supervisors, which together with the AMLCO aims to achieve a consistent SSM-wide approach for better integrating ML/TF related issues into prudential supervision. Before joining the ECB, Maria worked in Banco de Portugal, first as Head of Planning, Processes & Control, in Prudential Supervision, and later as Head of Strategy. Prior to that, Maria worked as a consultant in The Boston Consulting Group, having led multiple projects in financial services.

    Lisa Quest

    Lisa Quest

    Lisa Quest is a Partner in Oliver Wyman’s Public Policy practice. She leads Oliver Wyman’s public sector AML/CFT platform in Europe specialising in advising Governments, Central Banks and supervisors. Over the past five years she has supported multiple jurisdictions in conducting and drafting their National Risk Assessment (NRA) and national AML/CFT strategies; developed public/private partnerships to enhance the effectiveness of AML/CFT oversight and reporting; works regularly with financial supervisors to help them enhance their capabilities and address gaps in their supervisory processes and practices; and works with Financial Intelligence Units (FIUs) and law enforcement agencies across many jurisdictions.

    Jayant Raman

    Jayant Raman

    Jayant P Raman is a Partner in the Finance & Risk practice based in Singapore. Jayant advises and serves clients in the Banking, Financial Services and Private Equity sectors. His areas of expertise include Regulatory Compliance, Anti-Financial Crime and Cyber Risk, across strategy, analytics and organisational transformation. He co-leads Oliver Wyman’s Non-Financial Risk practice for Asia-Pacific with a focus on new and emerging areas of risk. Jayant holds a Post Graduate Diploma in Management from the Indian Institute of Management Ahmedabad, and a Bachelors in Electronics Engineering from University of Mumbai, India. He has previously been based in Oliver Wyman’s Sydney and London offices.

    Endija Springe

    Endija Springe

    Endija Springe is an AML/ CFT Policy Expert at the European Banking Authority (EBA). Since joining the EBA in 2017, Endija has led the development of the Supervisory Cooperation Guidelines, the Opinion on the use of innovative solutions in the CDD process, the Joint Opinion on ML/TF risks, and many more. Before joining the EBA, Endija worked as an AML/ CFT supervisor in the Central Bank of Ireland (a national competent authority responsible for supervising credit and financial institutions for compliance with AML/ CFT rules in Ireland). Prior to that, for almost 10 years, Endija worked in various compliance and AML/ CFT related roles in banking, insurance, funds and asset management sectors. This experience has given Endija a broad understanding of the AML/CFT legal framework at an EU and national level and of challenges that it may present for firms and supervisors when applied in practice.

    Daniel Tannebaum

    Daniel Tannebaum

    Daniel Tannebaum is a Partner and leads the Anti-Financial Crimes Practice for the Americas and serves as the firm’s Global Head of Sanctions. He has advised institutions on AML and Sanctions matters in over 20 countries across the Americas, EMEA and APAC. He’s led the design of target operating models, program governance frameworks, policies and procedures, and communication strategies for over a dozen global financial institutions. Formerly he served at the Federal Reserve Bank of New York and the Office of Foreign Assets Control, U.S. Department of the Treasury. Dan is a highly sought after speaker on financial crimes issues and is often quoted in print publications, and is a regular guest on business television and radio.

    Eleni Tsingou

    Eleni Tsingou

    Eleni Tsingou is Professor with special responsibilities in International Political Economy at Copenhangen Business School. Her primary academic field is financial governance and how transnational policy communities shape regulatory practices. She is currently researching on expert networks in economic governance and on how professional networks address complex global issues, with a focus on demographic change in OECD countries. For the period 2018-2021, she is also involved in a project funded by the Norwegian Research Council on the role of consultants and experts in the definition of implementation of banking regulation standards. She serves on the Editorial Board of the RIPE/Routledge series in Global Political Economy and is a convenor of the network on ‘Regulation and Governance’ of the Society for the Advancement of Socio-Economics.

    FBF Team

    Nikita Divissenko

    Nikita Divissenko

    Teaching Associate

    Ph.D. researcher, European University Institute (EUI), Law Department.

    Christy Petit

    Christy Petit

    Course Advisor

    Research Associate, Florence School of Banking and Finance, European University Institute, Robert Schuman Centre for Advanced Studies

    Pierre Schlosser

    Pierre Schlosser

    Course Advisor

    Research Fellow, Scientific Coordinator of the Florence School of Banking and Finance, European University Institute, Robert Schuman Centre for Advanced Studies

    Jan Trevisan

    Jan Trevisan

    Course Designer

    Online Training Officer, Florence School of Banking and Finance, European University Institute, Robert Schuman Centre for Advanced Studies

  • Format of the Academy

    This format will bring to your own devices the academy material and interactions with instructors, teaching associates and other participants.

    The academy format consists in a balanced mix between live online activities and self-paced progression in the academy material. Live activities will consist of interactive online classes, led by academy instructors, as well as case studies and scenario-based exercises, where you will be working in small groups alongside other academy participants.

    The academy format will give ample room to Q&A and collaboration. You will benefit from close guidance and supervision throughout the whole academy, with multiple occasions for individual feedback and interactions with the instructors and teaching associates. The Academy will require 20 hours to be completed.

  • Academy Schedule

    12 – 18 October

    State of Play and General Framework

    Live sessions*

    12 October | 13.00 – 14.30
    Kick-off & Opening

    15 October | 13:30 – 15.00
    AML Regulatory and Supervisory Framework


    19 – 24 October

    Trends and Evolutions in AML Supervision and Controls

    Live session*

    22 October | 12.30 – 13.45
    Coordinating AML/CFT and Prudential Supervision – Policy Debate


    25 October – 02 November

    US approach to AML and the impact of technologies on AML/CFT

    Live sessions*

    29 October | 12.30 – 13.45
    Case Study

    02 November | 15:00 – 16.00
    Closing of the academy

    * Participation in live sessions is a mandatory academy requirement.
  • Prerequisites

    This course is open to:

    • Representatives of supervisory authorities and a professional interest in AML risk supervision
    • Professionals from the financial services industry currently involved in the AML / anti-financial crime field
    • Academics (Ph.D. or Post-graduate researchers) with a specific interst in AML/CTF

  • Fees

    1200€ – Private Sector

    1100€ – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions

    850€ – Academics (Assistant, Associate or Full Professors) *seats for academics are limited

    CANCELLATION POLICY

    • In case a course is cancelled, registered participants will receive the full refund.
    • In case a course is moved to another date, registered participants have the following three options: request a voucher to attend another FBF course, transfer their registration to a colleague or request a refund.
    • Registered participants who have not yet paid the registration fee can cancel their participation until four weeks before the start of the course.

    For more details, please contact fbf@eui.eu