Overview of effect of COVID-19 on Financial Crime trends globally; status of transposition of the EU 5th Money Laundering Directive (5MLD) within Member States with takeaways for Ireland and an overview of Ireland’s potential readiness to transpose 5MLD into local legislation.
Members attending will receive updates related to the current COVID-19 situation as it relates to Financial Crime trends. Members will also receive a timely overview of the issues arising from the ongoing transposition of the EU 5th Money Laundering Directive in Ireland and the EU.
- Financial Crime trends arising from COVID-19
- Status and learnings arising from Member States transposition of 5MLD
- Ireland’s readiness to transpose 5MLD
- Influence of other factors within Europe impacting transposition of 5MLD Bill as drafted
||5MLD – Status and Expectations
||Thursday, 14th May, 2020
||Rachel Woolley, Global AML Manager, Fenergo
Ed McDonnell, MLRO, TD Global Finance UC
Kevin Nolan, Global Head of Financial Crime & Sports Integrity, Flutter Entertainment Plc
||13:00 – 14:00
Rachel Woolley is the Global Anti Money Laundering (AML) Manager at Fenergo and is based out of the firm’s headquarters in Dublin. Rachel has over 10 years’ experience in the Financial Services industry having worked primarily in the funds industry and retail banking. She has a strong background in compliance, particularly in the areas of anti-money laundering and counter terrorist financing (AML/CTF). Rachel holds a number of professional designations and is a member of the ACOI’s Financial Crime Working Group. Fenergo is a leading provider of Client Lifecycle Management, AML/KYC Compliance and Client Data Management solutions for investment, corporate, commercial and private banks.
Ed McDonnell is the MLRO for the Investment Firm, TD Global Finance ('TDGF') which is a subsidiary of TD Securities. He has extensive experience in both AML oversight and AML Operations. Prior to joining TDGF, Ed worked in Compliance roles in GAM Fund Management and MUFG Fund Services, in addition to an AML Operations Manager position in State Street.
Ed is a member of the ACOI Financial Crime Working Group, the BPFI AML Committee and a Licentiate of the Association of Compliance Officers in Ireland.
Kevin is the Global Head of Financial Crime & Sports Integrity for the Flutter Group. Prior to Flutter, Kevin led the Financial Crimes Risk Management Function of Wells Fargo Bank International UC as Financial Crime Officer & MLRO. Kevin has previously held a variety of positions with regulated organisations and multinationals, such as Western Union Payment Services Ireland Limited, within the fields of AML/CFT & financial crime; regulatory compliance and Corporate Governance.
In addition to his role as Chair of the ACOI Financial Crime Working Group, Kevin is a founding board member of the ACAMS Ireland Chapter and CAMS qualified; a member of the International Compliance Association and a Licentiate of the Association of Compliance Officers in Ireland.