September 26, 2017 @ 12:30 pm – 1:30 pm
Chartered Accountants House
47 Pearse St
Caroline Hollick-Ward
01 7790200

The outcome of the FATF’s mutual evaluation review (MER) of Ireland’s AML/CFT systems has been positive. Work is now advancing on transposing 4AMLD into Irish law, though progress has been impacted by ongoing discussions between EU institutions on the package of amending measures known as 5AMLD.

Following on from the ACOI AML Working Group briefing on these topics on 6th December 2016, this event is an update to assist firms and members’ preparations for 4AMLD and to learn more about the outcomes of the FATF MER.

The three speakers will provide public and private perspectives on both topics and consider next steps.
To encourage and enable valuable interaction and discussion between attendees and the panel ample time for questions and answers will be given at the end of the presentations.

Title: Upstream Compliance Briefing – Fourth AML Directive and the FATF Mutual Evaluation Review – An Update
Date: Tuesday, 26th September 2017
Speaker: Brendan Nagle – Financial Services Division, Department of Finance

Mairéad Butler – Head of Compliance & Corporate Affairs, Rabobank Dublin

Shane Martin – Regulatory Compliance Director, Walkers

Venue: Chartered Accountants House, 47-49 Pearse Street, Dublin 2
Time: 12.30 pm – 1.30 pm (Registration from 12.00 noon)
CPD: 1 Hr LCOI, FCOI (Compliance), CFCPP
Fee: €35.00 (Member); €50.00 (Non-Member)

Topics discussed in this seminar will include:

    • How 4AMLD has evolved under the 5AMLD trilogues; main challenges its transposition is presenting.
    • FATF MER – Findings and recommendations in report published earlier in month – 7 September
    • Outcomes and implications of FATF MER and 4 and 5AMLD for Ireland’s AML/CFT system.

Brendan Nagle – Financial Services Division, Department of Finance
Brendan is currently on secondment from the Central Bank of Ireland to the Department of Finance.

Prior to his secondment to the Department of Finance he worked as a regulatory lawyer, an authorised officer and a policy developer with the Central Bank of Ireland in the areas of Anti-money laundering, Countering Terrorist Financing and International Financial Sanctions regime (AML-CFT-FS).

As part of the Department’s ongoing input to preparations for an international review of Ireland’s AML-CFT infrastructure, Brendan is in regular liaison with key domestic public and industry stakeholders on AML-CFT-FS policy issues.

Mairéad Butler – Head of Compliance & Corporate Affairs, Rabobank Dublin
Mairéad is a member of ACOI and the MLRO Forum.

Mairead has been head of compliance and MLRO at Rabobank for 4 years. This covers three distinct entities: an online savings bank, a corporate bank and an outsourced loan management portfolio. Each has differing challenges from an AML perspective, particularly around the implementation of domestic PEP reviews as part of 4AMLD. As part of the European compliance management team for Rabobank, Mairéad is very interested in the findings and recommendations of the FATF MER and in understanding how Ireland is regarded in the global anti-money laundering framework.  Mairéad is a Chartered Accountant. She has recently completed an MSc in Strategic Public Relations. 

Shane Martin – Regulatory Compliance Director, Walkers
Shane is a member of ACOI.
He is Chair of the Private Sector Consultative Forum on AML/CFT, a forum where various stakeholders from the public and private sector discuss implementation of the anti-money laundering and counter-terrorist financing (AML/CFT) measures set out in the FATF Recommendations, seek input and feedback into ongoing FATF work, and hear about issues of concern or interest to both sectors.

Shane is based in Walkers where he is a Director in the Regulatory Compliance team. He has significant experience in regulatory risk and compliance in financial services across the banking, insurance, asset management, credit union and payment services sectors. Prior to joining Walkers, Shane worked for a number of years for the Central Bank of Ireland where he managed the specialist anti-money laundering supervision team. Shane previously worked as an adviser with the Irish Banking Federation where he represented the banking sector’s interests on a wide range of legal and compliance matters.