The accelerated digitisation of financial services during the ongoing COVID-19 pandemic has heightened the regulatory focus on AML/CFT and encouraged a shift from the traditional rules-based approach to compliance to a framework that is more focussed on outcomes. In the near-term, the EU is also expected to publish AML Regulation in 2021, as it harmonises AML Directives across the single market.
This session will address how the adoption of technology solutions throughout the AML cycle will play a crucial role in enhancing Ireland’s response to financial crime prevention and the harmonisation of the EU’s AML/CFT regulation and compliance.
The session will specifically focus upon:
Innovation & Regulation: examining the role of national, and EU regulators, in enabling the innovation of technologically enabled financial services whilst protecting consumers, maintaining financial stability, and enhancing the AML/CTF Compliance Framework.
EU Digital Finance Strategy: reviewing the ongoing implementation of the EU’s strategy to support the innovation of financial services across a single market in the context of the risks and opportunities this presents for AML supervision, compliance and enforcement.
Harmonisation of AML Compliance: highlighting the specific areas of compliance risk related to regulatory fragmentation, outlines the European Commission’s strategic approach to the harmonisation of the regulation of EU financial services, and identify stakeholder priorities in implementing AML best practice in Ireland.
||Enhancing Ireland’s Anti-Money Laundering Framework
||Thursday, 18th February, 2021
Andrew Quinn, Head of Fintech & Financial Services @PAT
10:00 – 11:30 Seminar
||1.5 Hours LCOI, FCOI (Compliance), CFCPP
||€39, registration to be made through ACCA website
VIEW REGISTRATION PAGE ON THE ACCA WEBSITE HERE