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Financial Crime Risk Management seminar comes to Preston Lancs in June

Financial Crime Compliance / Risk Management (inc AML/CFT)
Visitor (not verified)
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 Preston, Lancs, to present his seminar "Understanding Suspicion in Financial Crime Risk Management" on 20 - 21 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 am who I am in part because of the huge variety of people I grew up amongst and the wide range of attitudes and approaches to life that formed the cultural tapestry of England, particularly northern England in the 1950s, 60s and 70s. I'm looking forward to seeing how much - and how little - has changed so instead of parachuting into towns, presenting my seminar and leaving immediately, which has been my life for most of the last 20 years, I'm making time to make the drives we used to make, to visit places I used to visit and no doubt to have a pint in in places I used to have a pint in.

Preston is on the tour because I spent a couple of years here, not getting a degree. When Preston Polytechnic was first formed, a Department of Law was formed. I don't think they really had a lot of idea of what they were doing when they took in the first year: in fact I, like several other people, didn't even know it was the first year. We were in Marshall House on Ringway which was still part occupied by British Telecom and which was rumoured to be where BT, as it later became, designed its Mickey Mouse telephone. It was next door to the Magistrates' Court, across the road from the market and, down the road, was a musty bookshop of the sort that people crossed the Atlantic go to to in Charing Cross Road. There was a small theatre, used for Amateur Dramatics, just behind Marshall House and I enjoyed several evenings there. Also, the Guildhall was on the circuit for some big name bands: Elton John amongst them. I saw plenty of music more or less on my doorstep that in other towns I've lived would have meant long journeys. It was rumoured that the town had a pub for every 12 people and as some were in what was, basically, the front room of someone's house, that might have been right.

"I liked Preston and was sorry to leave and although I have dropped in in passing a couple of times since 1975, this will be the first time I've stayed long enough to have a proper look around."

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 08:06