logo-euiFlorence School of Banking & Finance


Qualitative

31 May – 18 June 2021

Registration closed

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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 anti-money laundering (AML) supervision, as well as the expectations on financial institutions themselves to enhance their ability to manage 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 staff members of supervisory authorities. In addition to providing thought provoking content on evolving industry and supervisory practices, the course will be a platform to stimulate exchanges and debates between the public and private sectors.

    The Academy, held under the Chatham House rule, will provide financial institutions professionals with a better understanding of supervisory mechanisms and expectations, and act as a forum that fosters interactions and exchanges with peers on the latest industry trends in risk management processes and tools. For supervisors, the Academy provides an overview of good industry practices in managing money laundering risks, as well as concepts and approaches for effective supervision. For all stakeholders, this Academy will also give an up-to-date outlook on recent regulatory evolutions and reforms in the EU.

  • What you will learn

    • Understand the regulatory and institutional framework for AML/CFT
    • Develop a better understanding of risks and AML risks management
    • Identify evolving supervisory practices
    • 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 regulatory evolutions and reforms for the EU AML architecture

  • 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 at the European and national level
    • Criminal law and enforcement strategies
    • 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

  • Academy Directors and Coordinators

    Academy Directors

    Andrea Federico

    Andrea Federico

    Partner, Oliver Wyman

    Andrea Federico is a Partner at Oliver Wyman. He joined the firm in London in 1998 and throughout his career has worked across a number of European jurisdictions and beyond. He is currently based in Rome and advises financial services firms, authorities and governments on some of their most pressing strategic and operational challenges. Andrea is co-director of the FBF-Oliver Wyman Climate Risks and Anti-Money Laundering Academies.

    Pierre Schlosser

    Pierre Schlosser

    Scientific Coordinator of the Florence School of Banking and Finance, European University Institute

    Pierre is the Scientific Coordinator of the Florence School of Banking and Finance, an executive education platform for financial stability, banking supervision and resolution experts and risk managers which forms part of the Robert Schuman Centre at the European University Institute (Florence, Italy). Pierre holds a Ph.D in political and social sciences (European University Institute, Florence, 2016), a postgraduate master degree in EU economic studies (College of Europe, Bruges, 2008) and a master’s degree in economic governance (Sciences Po Paris, 2007). His main research interests encompass fiscal integration, banking regulation, supervision and resolution and sustainable finance. Previously, Pierre worked for 5 years at Eurelectric, the Brussels-based energy industry association, on renewable energies, smart grids and risk management. He is the author of Europe’s New Fiscal Union (Palgrave, 2019).

    Academy Coordinators

    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.

    Christy Ann Petit

    Christy Ann Petit

    Christy Ann Petit is a Research Associate at the Florence School of Banking and Finance, part of the Robert Schuman Centre at the European University Institute (EUI). Christy recently defended her Ph.D. thesis at the EUI Law Department on ‘An integrated system for banking supervision in the Banking Union’, and previously graduated from the Ecole normale supérieure in law, economics, and management in France (2014), and, in European Law from the College of Europe (2015). During her postgraduate studies, she was an intern at the European Central Bank (Single Supervisory Mechanism) and at the Court of Justice of the European Union (General Court). Her research interests cover European prudential supervision and regulation, monetary policy and central banking in comparative perspectives, and the law of the Economic and Monetary Union. Her latest publications analyse ECB’s accountability and independence (Maastricht Journal of Comparative and European Law, 2019) and the SSM and ECB decision-making governance (Edward Elgar, 2019).

  • Core Faculty

    Silvia Allegrezza

    Silvia Allegrezza

    Silvia Allegrezza is associate Professor of Criminal Law and criminal procedure at the University of Luxembourg. She is the Chair of the Ethics Review Panel and the Director of the Master II in European Economic and Financial Criminal Law. She has held visiting fellowships at universities in Germany, France, Bresil and Spain. She is Principal Investigator in several research projects founded by the EU Commission and by the Luxembourg Fond National de la Recherche. Her research focuses on Cryptocurrencies and crime (CRYPTOCRIME), o banking regulations and criminal law (EUBAR); on appeals proceedings in criminal matters (APIC) and on judicial remedies in EU criminal law (JURECRIPRO). Silvia is a member of the European Criminal Law Academic Network (ECLAN) and of the International Association of Criminal Law (AIDP).

    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 in 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.

    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.

    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.

    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.

  • Guest contributors

    Igor Angelini

    Igor Angelini

    Igor Angelini is Senior Adviser to the Executive Director of Europol for economic and financial crime matters. He recently led the creation of the European Financial and Economic Crime Centre at Europol. Previously he worked at the European Commission with the task of shaping EU policies to fight crime and terrorism and negotiate international agreements in the field of security and police cooperation. Before that, he was Head of Financial Intelligence at Europol, coordinating and supporting the investigations of the EU member states in the fields of money laundering, terrorism financing, corruption and criminal asset recovery. Prior to Europol he served as head of several investigation units within the Italian Guardia di Finanza (Italian Financial Police) devoted to the fight against economic and financial crimes. He graduated in Law and in Economic and Financial Security.

    Martin Andersson

    Martin Andersson

    Dr. Martin Andersson is a Partner in Oliver Wyman’s Public Policy Practice. He advises senior decision-makers in the financial sector on critical issues related to law-making, capital market regulation, public policy and risk management, and has maintained an active dialogue with Regulators, Global Committees and Ministries of Finance worldwide. Recent projects involves governance issues, compliance and NRA for AML/ATF. Martin has over 20 years experience in the financial services industry. He served as the Director General of the Swedish Financial Supervisory Authority (FSA) from 2009 until joining Oliver Wyman in October 2015. At the Swedish FSA, he was tasked with law-making, authorizing and supervising the Swedish financial sector. Martin represented the Swedish FSA in the IOSCO Board and the European Regional Committee. During this period, he also a served as a member of the Group of Governors and Heads of Supervision of the Basel Committee on Banking Supervision (GHOS), the “parent body” of the BCBS, where all Basel III decision making and negotiations took place. During this time, among other things, he implemented a new risk based supervisory framework including a new enforcement regime. Martin advised various public and private banks on financial stability topics, including the Bank of England, International Monetary Fund and Norges Bank. Between 2000 and 2007, he served as Executive Director of the Financial Stability department of the Swedish Central Bank (Riksbank). Martin holds an Ph.D. and M.A. in Finance, and a B.A. in Business Administration from the University of Gothenburg, School of Business Economics and Law.

    Alexandre Cailleteau

    Alexandre Cailleteau

    Alex Cailleteau is an Engagement Manager in Oliver Wyman’s Corporate & Institutional Banking (CIB) and Public Policy practices, in our London office. He is Chief of Staff for our Financial Market Infrastructure franchise. Alex supported a major European financial regulator in designing and implementing their AML/CFT supervisory framework and strategy, applying a particular focus to their market entry and enforcement strategy and leading a comprehensive investment fund industry risk assessment. He also led a revenue acceleration programme for a leading global AML/CFT data & software provider. He engages more broadly on diverse AML/CFT topics with global investment banks, digital retail banks, payment providers, diversified stock exchanges and data & analytics providers as part of other strategic advisory, digital transformation and transaction support mandates. Alex holds a MSc in Economics & Philosophy from the London School of Economics (LSE) and a BA in European Social & Political Studies from University College London (UCL).

    Anton  Kraminkin

    Anton Kraminkin

    Anton Kraminkin is a Senior Consultant in Oliver Wyman’s London office and is an expert in virtual assets, having first invested into Bitcoin in 2012. He has experience working on developing blockchain solutions for corporate banks and working with regulators, having assisted in writing a vertical risk assessment for a European government. Before Anton joined Oliver Wyman, he co-founded and managed a start-up in the virtual asset space and consulted multiple Initial Coin Offerings with go-to-market strategy and technical expertise.

    Verena Landwehr

    Verena Landwehr

    Verena is Team Lead of the team in charge of AML prudential issues at the ECB within DG Horizontal Line Supervision. Prior to joining the SSM in 2020 she has worked in AML and Compliance in the banking sector in Germany and Belgium. Verena studied law in Germany and Spain and holds a postgraduate LL.M. degree in European Integration from Europainstitut of Saarland University.

    Michael Levi

    Michael Levi

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

    Florian Narring

    Florian Narring

    Florian is the Head of Section in charge of Governance, Risk management and AML prudential issues at the ECB within DG Horizontal Line supervision. Prior to joining the ECB in 2014, Florian worked as a supervisor at Autorité de Contrôle Prudentiel et de Résolution. He earned a master’s degree in science of management as well as a master’s research degree in money, banking and finance.

    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.

  • Live Classes schedule

    • Tuesday, 1 June 12:00 – 13:30 | 1st live class: Kickoff session
    • Thursday, 3 June 12:00 – 14:00 | 2nd live class: Simulation exercise in groups and policy discussion
    • Thursday, 10 June 9:00 – 11:00 | 3rd live class: AML in practice
    • Monday, 14 June 12:00 – 14:00 | 4th live class: Case study
    • Friday, 18 June 12:00 – 14:00 | 5th live class: Public-private partnerships and utilities

  • Modules

    WEEK 1, 31 May – 6 June
    State of play and general framework in AML/CFT
    Module 0: Course platform introduced & roadmap of the course
    Module 1: State of play of AML/CFT in the world and in Europe
    Module 2: AML/CFT today: facts and cases
    Module 3: AML/CFT institutional and regulatory dimensions

    WEEK 2, 7 – 13 June
    Trends and evolutions in AML/CFT supervision, enforcement, and controls

    Module 4: Boundaries of AML: ECB Banking Supervision’s role in AML/CFT and national supervisory perspective
    Module 5: Key trends and evolutions in core AML control processes
    Module 6: AML/CFT criminal law and enforcement strategies in Europe
    Module 7: Case study: KYC and transaction monitoring

    WEEK 3, 14 – 21 June
    US approach to AML/CFT and the impact of technologies on AML/CFT

    Module 8: AML/CFT legal challenges and sanctions in the US
    Module 9: AML/CFT in an era of crypto-developments
    Module 10: (New) Technologies and AML/CFT

  • Format

    Your progression in the course will take up to 25 hours to be completed.
    The Academy combines:
    • Self-paced material, including video lectures, interviews, suggested readings, forum exchanges, and group work on a case study.
    • Live classes: the Academy will feature a kick-off session and four live classes, which include practical activities led by instructors, discussions with experts and among participants including breakout groups, and time for questions by participants.
  • Fees

    1300€ – Private Sector

    1200€ – Public Authorities (e.g. National Competent Authorities, Central Banks, International and European Institutions).

    950€ – Academics (Full-time Professors, full-time PhD Students and full-time Research Associates). Please submit a certificate attesting your status of Professor, PhD Student or Research Associate to fbf@eui.eu before registering. FBF secretariat will provide you with a code to register.

    FEE WAIVERS

    A few fee waivers are available to outstanding candidates applying from, and resident in, low-income and lower-middle-income economies (as set by the World Bank) in the Americas, Africa and Asia.

    The deadline for applying for a fee waiver is May 26th, 2021.
    To apply for a scholarship, send your CV and a cover letter to the course secretariat at fbf@eui.eu.

    CANCELLATION POLICY

    • Registered participants can cancel their participation and ask for a refund until two weeks (21 May) before the start of the course, by sending an email to the FBF secretariat: fbf@eui.eu. Past that date, refund requests will no longer be accepted by the Secretariat (unless for compelling and motivated reasons).
    • In case a course is cancelled, registered participants can request a total refund or request a voucher to attend another FBF course.
    • In case a course is postponed 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.

    For more details, please contact fbf@eui.eu

 

AML Academy 2021

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