ESTONIA FACING AML CHALLENGES

#NEW Policies I Processes I Procedures I Technologies

12 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result of the propensity of some banks for customers or risky schemes, but largely due to poor policies, management of outdated processes and existing procedures.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.

Virtual and live 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

Hopefully, we will be able to present the new strategy of the Financial Intelligence Unit (FIU) from the new FIU appointed by then.

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.

Virtual exhibit room for sponsors

Virtual Exhibit Hall is best opportunity to directly meet some of the most progressive KYC/CDD, Transaction monitoring and Screening, and Compliance, AML and FinCrime investigation technology leaders and innovators.

Find out some #New and progressive AML & FinCrime technology innovations.

Check out #NEW KYC/CDD Technologies.

Network-based approaches to the new generation of AML compliance tools.

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.

The #NEW AML Blockchain solutions and tools will be presented.

Practical workshop: how to build and designed an effective AML and anti-FinCrime systems with the best possible solutions.

Speakers


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

Olavi LEPP

Chairman of the Board of Swedbank AS

Andres PARMAS

Prosecutor General of Estonian Prosecutor’s Office

Ballroom & Virtual

@ Swissôtel Tallinn

Wizywebinar

Registration is open

Discount tickets available

until March 15!

Additional info

info@finesto.ee

(372+) 665 3015

Agenda


9:00 – 9:25

Morning coffee and Networking

Hosted by Sponsor, TBA

9:25 – 9:30

Opening remarks by Moderator of Conference, TBA

9:30 – 9:45

Welcome speech by Chairman of the Board of Estonian Banking Association

Allan PARIK

Chairman of the Board of Estonian Banking Association and Chairman of the Board of SEB Bank AS

9:45 – 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 – 10:15
10:15 – 11:00

Panel: NEW 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

Olavi LEPP

Chairman of the Board of Swedbank AS

11:00 – 11:30

Presentation: MAJOR CHALLENGES AND TASKS BEFORE THE MONEYVAL ASSESSMENT 2021 – 2022

Sören MEIUS

Advisor of Ministry of Finance of Estonia

11:30 – 12:30

Lunch break and Networking


Hosted by Sponsor, TBA

12:30 – 13:30

Panel: BUILDING NEW ESTONIAN FINANCIAL INTELLIGENCE UNIT (FIU)

Presentation: New Challenges and strategy of FIU

new Head of Estonian Financial Intelligence Unit

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 for almost 25 years.

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)

New Head of FIU Estonia (2021 – …)

TBA

13:30 – 14:00

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 (FSA)

14:00 – 14:30

Presentation of Sponsor


Hosted by Sponsor, TBA

14:30 – 15:00

Coffee break and Networking


Hosted by Sponsor, TBA

15:00 – 15:30

Presentation: TRANSPARENCY AND AUTOMATIC EXCHANGE OF BANK INFORMATION

Presentation by Sponsor, TBA

15:30 – 16:30

Panel: EU DIGITAL EURO ADVANTAGES AND RISKS

Keynotes: Approaches of ECB digital currency (CBDC)

Panel: Digital euro technologies – drivers and red flags

CBDC infrastructure AML/CTF monitoring capabilities from the perspective of FIUs and service providers. VASPs Red Flags indicator of AML/CFT

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

16:30 – 17:00

Presentation: KYC/CDD AND TRANSACTION MONITORING TRENDS: AI / Blockchain / Social biometrics

TBA

17:00 – 17:15

Closing remarks by Moderator of Conference

19:00 – 22:00

Networking Reception & Gala Dinner


Hosted by Diamond Sponsor, TBA


Registration conditions

Registration until March 31, 2021:

Web Ticket 189€ + VAT

Auditorium ticket 249€ + VAT

Normal Ticket price until 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.