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Financial Crime Risk Management seminar comes to Chesterfield in June

Financial Crime Compliance / Risk Management (inc AML/CFT)
The Financial C...
London and Hong Kong

The Financial Crime Forum, a leader in high-level seminars and fora worldwide since 1998, is delighted to announce that it is bringing Nigel Morris-Cotterill, a highly regarded counter-money laundering strategist, to Chesterfield to present his seminar "Understanding Suspicion in Financial Crime Risk Management" on 12 - 13 June 2017.

The burning question for all money laundering reporting officers in banks, insurance offices, estate agents and law firms is "How do I know if I'm suspicious." The same question arises in all manner of businesses in relation to bribery and other offences. And it is a very difficult question to address.

Nigel Morris-Cotterill applied extensive experience in the practice of law and as a counter-money laundering strategist to find an answer to that question and many more.

In this seminar, he draws on a wide range of disciplines, from law to physics, from psychology to sociology to explain how and why people form suspicion and why they don't. He also examines why people respond as they do if they become suspicious.

About Nigel Morris-Cotterill

Nigel Morris-Cotterill was a solicitor in private practice and in commerce in London. He developed a specialism in money laundering risk management and compliance and, in the 1990s, created a separate consultancy, leaving law practice soon afterwards. He has specialised in risk management in relation to financial crime including money laundering, financing of terrorism, bribery and corruption and other matters since 1994. He has advised and lectured across Britain, in Europe including Ireland, the Channel Islands, the Middle East, the Far East including China and Australia. He is the author of several books and has been responsible for World Money Laundering Report since 1999. Nigel's parents moved frequently during his younger years and this, his 2017 UK seminar tour, has been designed to take in some of the places he lived before moving to London in his mid-twenties.

Morris-Cotterill said "I spent a couple of very happy years in Chesterfield. I was in junior school at Old Hall Primary. The school is still there and it's still doing the same job of turning out well rounded, sensible kids. Its mission statement, as shown on its website is "At Old Hall Junior School we actively promote the fundamental British values of democracy, the rule of law, individual liberty and mutual respect and tolerance of those with different faiths and beliefs." The headmaster there was very supportive of the fact that, as a kid who moved around a lot, and who spent most of his time with adults to say nothing of always being on a different curriculum each time we moved, I didn't immediately slot in. The teachers were, also, incredibly helpful. The headmaster, whose name I have unfortunately forgotten, used to have me sit in his office - it had a cold-war nuclear alarm on a shelf, waiting for the four minute warning, a grey metal box that looked like it had a kind of planished finish and bronze mesh over the speaker that beeped every few minutes so everyone knew it was still working, waiting. It was he who advised that, despite passing the 11 Plus examination that qualified me to attend Grammar School, I should opt for William Rhodes Secondary Technical School because that was a school for individuals. And so it proved. For the few months I was there, before my parents moved back to Teesside, I actually felt like I belonged somewhere.

"But Chesterfield was far more than school. We had an allotment, a strip of land that we rented from the local council to grow fruit and vegetables on. It was there that I learned the value of fresh food and the fact that, with only the slightest involvement, I can doom any plant. So I concentrated on the things I could do: helping my father as he converted the garage into a large dining room and built a separate garage next to it, reading everything I could lay eyes on, singing in the choir under the Crooked Spire, Saturday morning cinema which has, unfortunately, fallen out of fashion. It was a great idea: kids spent a couple of hours in safety, being entertained by a mix of old (really old, predating "talkies" and new(ish) films while parents had some time to themselves in the market or just to sit and have a lazy cup of tea together, somewhere. And that was where I first joined the Cubs then the Scouts and learned that bones are for breaking.

"Also, I liked the countryside. Later, I would return to start walks at Edale. There were the reservoirs which, in times of low water, sunken villages pop out and, in one case, where practice was done for the Dam Busters because the twin turrets on one damn were similar to a target in Germany. I'm reminded of that when I look out of my study window in Kuala Lumpur and see the twin Petronas Towers. Chesterfield was good to me and I am very much looking forward to being back for a few days."

On the seminar, Morris-Cotterill said "The question of suspicion is an enormously complex area. People working in all manner of businesses are told that they must pay attention to the people they are dealing with and form a view on whether that person is doing something wrong. That's a horribly complex task and it's made worse when the follow up is to report someone who might be prosecuted for an offence where the maximum sentence is 14 years in jail plus confiscation of his assets. The consequences of not recognising illegal behaviour are dire, too. If a person fails to spot signs of illegal conduct which the court says were obvious signs, then that person can be jailed for several years, too. How do people recognise that behaviour? Do they neglect to look? Do they ignore signs? If they see something suspicious, do they report it or not? Why do they make that choice?

"In this seminar tour, I look at an extraordinarily wide range of issues that demonstrate why those who are required to think about suspicion behave as they do and I explain to companies how they can improve the levels of identification and reporting. Why do companies need to know? It's because companies can be prosecuted if their staff fail to act properly."

Full details of the course and the other venues on this tour, and booking, are at www.financialcrimeforum.com

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Last modified: 
2017-05-07 08:46