AML Tallinn 2021
ESTONIA FACING AML CHALLENGES
#NEW Policies I Processes I Procedures I Technologies
26 May 2021 @ Swissôtel Tallinn Ballroom & VIRTUAL
Introducing
Over the past few years, the Estonian banking and financial sector has been hit by a wave of penalties for serious deficiencies in anti-money laundering systems and processes. These shortcomings are not solely the result of the propensity of some banks for customers or risky schemes, but largely due to poor policies, management of outdated processes and existing procedures. They also reflect the inefficiency of the compliance tools currently used by financial institutions. The banking and financial sector has drawn its own conclusions from this. As a result, it has started to reorganize its in-house AML policies and regulations as well as reorganized management and sectoral structures and processes to establish additional measures and rules more efficiently to prevent and combat possible AML/KYC and other violations. Particular attention has been paid to the introduction of #NEW AML and FinCrime prevention and detection technologies. The financial sector as a whole has recognized the need to implement innovative and efficient KYC / CDD solutions or tools as well as AML and Compliance fully complex systems.
Focuses
The Finesto Advisors and Estonian Banking Association 2021 Annual Conference faces this year the Estonian AML #NEW Challenges focused on #NEW Policies, Processes, Procedures and Technologies through the prism of the Nordic-Baltic financial sector.
Auditorium
The high-level PPP Conference brings together all parties and decision-makers, e.g. executives, senior and division managers, and experts throughout the financial sector of the Nordic and Estonia/Baltic region, authorities, agencies, international organizations and renowned experts from the private and public sector.
LIVE and VIRTUAL conference room
Join the live broadcast: presentations and panel discussions of the conference and get a comprehensive overview and a in-depth progressive AML expertise on what has happened and is happening soon in the Nordic-Baltic financial sector.
⦁ This year’s Estonian #NEW-2021 AML/CFT National Risk Assessment (NRA) will be presented.
⦁ An overview about ongoing and outstanding tasks is given in the fall of #NEW Estonia evaluation by Moneyval in the period 2021-2022
⦁ We have a unique opportunity to meet all heads of FIU at the same stage with the lessons learned through almost 25 years.
⦁ Estonian FSA will present financial supervisor’s view: recent developments and focus on AML in the EU and Estonia.
⦁ The expert panel will find out the possibilities to use technology to modernise and reform the Estonian AML systems.
⦁ A separate panel is reserved for Digital Euro Advantages and Risks.
⦁ AML and financial crime experts will analyse the region-based threats and provide an overview of best practices, both national and international.
⦁ Network-based approaches to the new generation of AML compliance tools.
⦁ Check out #NEW KYC/CDD Technologies.
⦁ Find out the #NEW available technologies to exchange financial and banking information.
⦁ Meet #NEW Intelligent Compliance Platform (ICP) what increases the efficiency of compliance teams, helps perform AML functions more effectively,
in turn minimising the risk of regulatory fines and reputational damage.
⦁ The #NEW Screening and Transaction Monitoring based innovative methods like AI, machine learning, social biometrics, etc will be introduced.
Speakers
Day Moderator
Johannes TRALLA
Journalist, ERR/Estonian Public Broadcasting editor-presenter
Welcome speech
Allan PARIK
Chairman of the Board of Estonian Banking Association and Chairman of the Board of SEB Bank AS
Opening speech
Jens HENRIKSSON
President and CEO of Swedbank AB
Veronika METS
Program Manager of MONEYVAL
Toomas VAPPER
Head of Department of Entrepreneurship and Accounting Policy Department, Ministry of Finance
Sören MEIUS
Advisor of Ministry of Finance of Estonia
Kilvar KESSLER
Chairman of the Management Board, Estonian Financial Supervision Authority
Raul VAHTRA
Member of the Board, Head of Risk Management of Swedbank, former Head of FIU Estonia (2004 – 2012)
Rainer OLT
Head of Eesti Pank Payment and Settlement Systems Department
Aivar PAUL
Head of AML Committee of Estonian Banking Association, Head of AML at LHV Bank, former Head of FIU Estonia (2013-2016)
Madis REIMAND
Head of AML Compliance of SEB, last Head of FIU Estonia (2016-2020)
Arnold TENUSAAR
First Head of FIU (1999 – 2004)
Luukas Kristjan ILVES
Head of Strategy at Guardtime
Andres PARMAS
Prosecutor General of Estonian Prosecutor’s Office
Toomas VAHER
Ellex Raidla, Partner and Attorney at law
Veiko TALI
Deputy Governor of Eesti Pank – Estonian Bank
Indrek TIBAR
Estonian Justice Attaché in the United States, Prosecutor’s Office
Taavi TAMKIVI
Salv founder & CEO
Marius-Cristian FRUNZA
Founder & CEO of Schwarzthal Tech Ltd.
Participating companies and institutions
Ballroom & Virtual
@ Swissôtel Tallinn
Wizywebinar
Registration is open
Scroll down to fill the registration form!
Additional info
info@finesto.ee
(372+) 665 3015
To ensure the safety of all speakers and guests, conference venue Swissôtel Tallinn has set high hygiene standards:
The Conference VENUE / Ballroom @Swissôtel Tallinn has always set high standards of hygiene and cleanliness. Due to the Covid-19 pandemic and to ensure guest safety we have elevated the usual norms even further. Swissôtel Tallinn is now ALLSAFE certified! The ALLSAFE label represents some of the most stringent cleaning standard operational procedures in the hospitality industry. With the highest standards in hygiene and safety, our team has taken every measure so you can enjoy our Swiss hospitality with confidence.
Have a look at the Swissôtel Tallinn Safety Measures HERE
Agenda
9:00 – 9:25
Morning coffee and Networking
9:25 – 9:30
Opening remarks by Moderator of Conference
Johannes TRALLA
Journalist, ERR/Estonian Public Broadcasting editor-presenter
9:30 – 9:40
Welcome speech
Allan PARIK
Chairman of the Board of Estonian Banking Association and Chairman of the Board of SEB Bank AS
9:40 – 10:00
Opening speech: “Swedbank view: new policies nad strategy – task and challenges focus on AML in Estonia and Baltic”
Jens HENRIKSSON
President and CEO of Swedbank AB
10:00 – 11:00
10:00 – 10:25
10:25 – 11:00
Session I: AML/CFT NATIONAL RISK ASSESSMENT 2021
Keynotes:
Toomas VAPPER
Head of Department of Entrepreneurship and Accounting Policy Department, Ministry of Finance
Panel discussion:
Andres PARMAS
Prosecutor General of Estonian Prosecutor’s Office
Toomas VAHER
Ellex Raidla, Partner and Attorney at law
Toomas VAPPER
Head of Entrepreneurship and Accounting Policy, Department of Chairman of Ministry of Finance
Panel moderated by:
Aivar PAUL
Head of AML Committee of Estonian Banking Association
11:00 – 11:30
11:30 – 12:00
Part I: AML/CTF REGULATORY REQUIREMENTS: CHALLENGES & OPPORTUNITIES
Presentation: “Financial supervisor’s view: recent developments and focus on AML in the EU and Estonia.”
Kilvar KESSLER
Chairman of the Management Board of Finantsinspektsioon – Estonian Financial Supervision and Resolution Authority
Presentation: “Back to roots: definition of Money Laundering on the basis of 1988. Vienna Convention”
Indrek TIBAR
Estonian Justice Attaché in the United States, Prosecutor’s Office
12:00 – 13:00
Lunch break and Networking
13:00 – 14:00
Session III: QUARTER CENTURY OF ESTONIAN FINANCIAL INTELLIGENCE UNIT (FIU)
Panel discussion: 25 YEARS OF LESSONS LEARNED
A unique opportunity to meet all heads of FIU at the same Stage and learn about the Charms and Pains of different Eras.
Arnold TENUSAAR
First Head of FIU Estonia (1999 – 2004)
Raul VAHTRA
Member of the Board/Head of Risk Management of Swedbank, former Head of FIU Estonia (2004 – 2012)
Aivar PAUL
Head of AML Committee of Estonian Banking Association, Head of AML at LHV Bank, former Head of FIU Estonia (2013-2016)
Madis REIMAND
Head of AML Compliance of SEB, last Head of FIU Estonia (2016-2020)
Panel moderated by:
Veiko TALI
Deputy Governor of Eesti Pank – Estonian Bank
14:00 – 15:00
14:00 – 14:30
14:30 – 15:00
Session IV: OPEN AND SMART BANKING: THE DIGITAL-INNOVATION- FIRST
Presentation: “FinCrime intelligence sharing – how Estonia sets a new standard in AML?”
Taavi TAMKIVI
Salv founder & CEO
Presentation: “Leaping ahead of KYC: Know Your Network”
Marius-Cristian FRUNZA
Founder & CEO of Schwarzthal Tech Ltd.
15:00 – 15:30
Coffee Break and Networking
15:30 – 16:00
Part II: AML/CTF REGULATORY REQUIREMENTS: CHALLENGES & OPPORTUNITIES
Presentation: “Major challenges and tasks the next MONEYVAL Assessment”
Sören MEIUS
Advisor of Ministry of Finance of Estonia
16:00 – 17:00
16:00 – 16:10
16:10 – 17:00
Session V: EU DIGITAL EURO ADVANTAGES AND RISKS
Keynotes: “Virtual Assets – Implementation of standards and related challenges”
Veronika METS
Program Manager at Council of Europe, MONEYVAL
Panel discussion: DIGITAL EURO OPPORTUNITIES AND RED FLAGS
Rainer OLT,
Head of Eesti Pank Payment and Settlement Systems Department
Veronika METS,
Program Manager of MONEYVAL
Luukas Kristjan ILVES,
Head of Strategy at Guardtime
Panel moderated by:
Johannes TRALLA
Journalist, ERR editor and presenter
17:00
Closing remarks by Moderator and end of the Conference
Johannes TRALLA
Journalist, ERR editor and presenter
Registration conditions
Normal Ticket price until the end of Registration:
Web Ticket 199€ + VAT
Auditorium ticket 299€ + VAT
Registration form
Please fill the online Registration form here:
Conference “seats” availability both in the Ballroom and Virtual is limited! Reservation will be confirmed on a first-come-first-served basis.
NB! Please add your form of participation in the last section of the form:
- “Online” for participation in the online conference
- “Ballroom” for participation at the Swissôtel Tallinn ballroom.