What you need to know about the New Criminal Finances Bill

Tuesday, Apr 04, 2017 at 11:30AM - 2:30PM
Fremont, CA

Event Details

The Criminal Finances Bill was introduced to the UK House of Commons on 13 October 2016. It will significantly improve the government's ability to: tackle money laundering and corruption, recover the proceeds of crime and counter terrorist financing.

In October 2015, the national risk assessment identified and assessed the money laundering and terrorist financing risks faced by the UK. It focused on 3 priorities: 1. A more robust law enforcement response 2. Reforming the supervisory regime 3. Increasing the UK's international reach

Objectives of the Presentation
  • New powers and safeguards
  • Improve the UK capability to recover the proceeds of crime, including international corruption
  • Transforming the relationship between public and private sectors
  • Enhancing the UK law enforcement response
  • Combating the financing of terrorism
Why Should you Attend
The bill is a key element of one of the most significant changes to our anti-money laundering and terrorist finance regime in over a decade. It is part of a wider package of measures aimed at strengthening the government's response to money laundering and improving the amount of criminal assets confiscated by the state (and, where possible, returned to victims). This includes:
  • Improving the effectiveness of the supervisory regimes for the regulated sector
  • Reforming the Suspicious Activity Report (SARs) regime, including investment in systems and processes to complement the legislation
  • A cross-government action plan on asset recovery
  • Increasing our international reach through events like the Anti-Corruption Summit in May 2016 to build capacity with overseas partners, reflecting the global nature of this issue
Areas Covered
The facets for the Criminal Finances Bill
  • The Criminal Finances Bill
  • Unexplained wealth orders
  • Disclosure orders
  • Power to obtain further information and extend the SARs moratorium period
  • Information sharing
  • Seizure powers
  • Proceeds of Crime Act (POCA) amendments
  • Terrorist financing
  • Corporate failure to prevent tax evasion
Who will Benefit
  • Compliance Officers
  • MLRO
  • Nominated Officer
  • central Risk
  • Senior Advisors & Analysts.

For Registration

Note: Use Promo code DE5YU and get 10% off on registration (Valid till APRIL 30th 2017)

Organization Details

Online Compliance Panel (OCP) creates and delivers comprehensive industry relevant training sessions. These sessions are simple, interactive and cost effective. We are a predominantly web based information exchange forum. Live interactions on compliance training make the process holistic and effective. OCP largely emphasizes in offering regulatory compliance training to compliance professionals on varied topics. These primarily include risk management, quality management, corporate compliance and other regulatory compliances. Some of our primary areas of focus include advancement and updates in regulatory compliance, best practices and market trends.

We strive to incorporate high standards in developing a culture facilitating exchange of ideas resulting in functional excellence. OCP believes in nurturing ideas and thought processes through innovative e-learning methodologies. Our products and services are designed to offer customized solutions to industry and market. We bridge the gap between experience and knowledge thus delivering original and creative content.

Our objectives of employing interactive mediums ensure effective communication and mutual exchange of ideas. OCP closely follows best practices and regulatory trends in the global compliance scenario. We also observe and communicate trends witnessed in FDA, ISO regulations, process and design validation. All updates and additions to important laws can be accessed by our customers in real time.

Our mission is to empower compliance professionals through effective online training sessions. Our world class training methodologies stem from comprehensive understanding of client requirements. The content conforming to FDA and ISO standards is developed by well qualified and experienced industry leaders. Our offerings will exceed expectations and add value to your investment.

The content in various categories such as medical devices, pharmaceuticals and biotechnology will raise the bar in terms of quality already on offer .We hope to contribute to the creation of responsible organizations creating benchmarks in quality, integrity and transparency.

Online Event
38780 Tyson Lane, Apt 210
Fremont, CA 94536

Starts April 04, 2017 at 11:30AM - 2:30PM

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Contact Information

Organization: Online Compliance Panel LLC

Event Contact: OCP Panel

Phone: 15108575896