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Financial Crime Risk Management seminar comes to Stockton on Tees 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 Stockton on Tees to present his seminar "Understanding Suspicion in Financial Crime Risk Management" on 26-27 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 grew up in Stockton, but not all at once. My parents moved to Stockton in 1962 and, a short while later, we moved to Eaglescliffe where I had a wonderful time: there was a railway line with steam engines then, later the enormous Deltic diesel engines that hauled enormous trains of coal, iron and the makings of concrete. I used to walk to school in Egglescliffe, where the post office was also the sweet shop just outside the school gates. A neighbour would sometimes pick me up if he saw me walking to school and give me a lift in his primrose yellow Jaguar e-Type, the one with the sloping glass headlights. There were fields to play in, the old man who was the security guard for building materials on the new estate being built, an impromptu theatre that My friends and I made in someone's garage (and insisted all our parents attend), jumble sales on front lawns and the kinds of things that would now be regarded as period drama.

On the second time around, we lived on the border of Fairfield and Hartburn. When I was clearing out my parents' garage last year, I found a packing case that had been overlooked when they moved to Kent almost 20 years ago. It had groceries from the Frank Dee Supermarket that, today, would be called the anchor store in the small row of shops in our road. Frank Dee's was taken over by Associated Dairies, that became ASDA and is now the UK outpost of Walmart. . I sang in St Peter's Church choir (the church later burned out and now stands as a shell, growing old gracefully in the town centre) and in various other choirs, I became a competitive singer; when I was 15 I started spending all my school holidays in a solicitor's firm and got pretty damned good at my preferred area, litigation. I got to use the space-age lifts in ICI's Ag headquarters in Billingham - they were fibreglass capsules with no doors that went around, non-stop, so you had to leap in and out as a capsule passed a floor - and to watch ships being launched. I was standing next to the chocks as the last big ship was launched on the Tees, the ringing of the hammers as the chocks were knocked out, by hand, as the death knoll of an industry. I got to watch oil rigs being towed out to see when oil rigs were a novelty and I had years of pleasure driving around the glorious countryside that is County Durham and North Yorkshire, some of which was in delivery vans but that's a story best left for telling over a pint. Also, I had the pleasure and honour of creating Radio North Tees, a hospital radio station that was so successful, the Hospital management took it over. We started it as a Sixth Form College project and had a superb team. We even had the project added to the timetable. There was a tiny studio with very basic equipment in the sound booth alongside the stage in the Hospital's hall. Our records were donated by residents of the town after a public appeal; local radio gave us piles of samples they received from record companies. We went from nil to an excellent library of all sorts of music over a period of decades in a matter of days. We gave the first broadcast opportunity to Mark Page (who started using his catchphrase "me, Mark Page") who went onto a career with Radio One: he used to cycle for more than an hour, in all weathers, to present his programme. The official history, at the website of "Radio Stitch", as it's now called, has our start date and the name of the station wrong!

"I'm looking forward to feeding the ducks in Ropner Park for the first time since the mid 1970s. If the weather is nice, I'll see if I can squeeze in a game of bowls like I used to when I needed a break from O Level studies."

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 09:32