Ultimate Beneficial Ownership has Never been More challenging for regulated businesses. The complexities of International trade and the Global Financial Systems have Opened new Opportunities for Criminals
- Trading Systems , Financial
- 14.06.2021 06:00 pm
Far from operating in the shadows, criminals disguise their activities as legitimate businesses to hide illicit funds. Failing to understand who you are doing business with, or the status of the client counterparty (KYC) or the Ultimate Beneficial Owner (UBO), increases your organisations’ risk of financial crime or reputational damage.
Join our latest webinar on Tuesday 15th June at 14:00 BST with renowned MoneyLand author and journalist Oliver Bullough, award-winning compliance officer Oonagh van den Berg, and senior AML policy officer at Transparency International Laure Brillaud, to discuss why the UK is still attractive to global crooks and Kleptocrats; what can be achieved and looking at the best approach for identifying and monitoring UBOs.
- How big is the problem
- How Beneficial Ownerships are used for Money laundering
- Proactive approach to transparency
- Impact of regulation
- Best practice to verify and monitor UBOs
Author of the MoneyLand and Journalist
Oliver Bullough is a journalist and author from Wales who moved in 1999 to Russia to work as a journalist. He worked first for local newspapers in St Petersburg and Bishkek (Kyrgyzstan), then for Reuters. He stayed in Moscow, mainly reporting on the war in Chechnya, until 2006.
Since leaving Reuters, he has written three books. The first – Let Our Fame be Great – is about the peoples of the North Caucasus, and his travels to find their scattered communities. The second –The Last Man in Russia – is a biography of a dissident Orthodox priest, whose life closely mirrors that of the Russian nation in the 20th century, and sheds light on the demographic tragedy of modern Russia. The third is called Moneyland and tells the story of how the world’s super-rich have broken free of democratic control and formed their own nomadic global community.
Oonagh van den Berg
Managing Director and Founder
Oonagh van den Berg is a Northern Irish award-winning compliance professional. She is a recognised Subject Matter Expert in various areas of compliance, is a passionate trainer, and an advocate of increased automation, ethical behaviour and sustainable culture building.
Oonagh began her career as a legal intern at the European Central Bank in Frankfurt. She then joined JP Morgan in London as a product legal documentation specialist, before moving into compliance and working in various roles across a number of international Banks. After a number of years working in banking, Oonagh moved to consultancy working for Protiviti, before stepping out on her own through the launch of her boutique compliance consultancy firm Virtual Risk Solutions VRS Limited, where she is the Founder and Managing Director, providing compliance consultancy services including training and managed services to global clients including traditional banking, FinTech’s, and governmental bodies. She also acts as an advisor on various policy decision committees and public-private partnerships.
Senior Policy Officer – Anti-Money Laundering
Laure joined Transparency International EU in 2016 and leads the work on anti-money laundering. Her priority areas include beneficial ownership transparency, the role of intermediaries in AML, AML supervision, golden visa market regulations, asset recovery, etc. Prior to that, she worked at the Organisation for Economic Cooperation and Development (OECD). In particular, she conducted policy analysis and outreach on corruption in the extractive sector as well as other key development issues such as global inequalities and social cohesion. Laure holds a Masters’ degree in Engineering from Mines ParisTech as well as dual Masters’ degree in International Affairs and Public Administration from Science Po Paris and Columbia University.