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AFB Seminar: Recent Trends in Banking Fraud

The AFB is delighted to partner with Shoosmiths LLP who will examine recent trends and developments related to fraud in the banking sector.

This in person session will consider (amongst other things):

  • Recent fraud trends
  • Current threats
  • The FCA’s approach to fraud, and
  • The implications for Banks of recent court decisions including the Court of Appeal’s recent decision in Philipp v Barclays Bank [2022]  

Why attend?

Incidences of fraud are inevitably increasing as we emerge from the pandemic. All firms need to be aware of recent trends and threats in order to combat these risks.

A failure to appreciate the threats and challenges when combating fraud may result in a firm being targeted by fraudsters which could result in  losses and reputational damage. Additionally, inadequate policies and procedures may also lead to regulatory sanctions being imposed.

At this session, Shoosmiths will provide an overview of the current threats, the focus of the regulator and, with reference to recent cases, the legal obligation on banks to protect customers from harm.

What will members gain for use Back@Bank?

  • A good understanding of the key threats and the current legal and regulatory environment
  • An awareness of the practical steps to take to ensure participants can manage the challenges their firm will face

Speakers

Daren Allen, Partner

Daren is a Partner in the Dispute Resolution and Litigation team and has over 30 years’ experience in acting for financial institutions, large corporations, Governments and individuals in relation to complex investigations, litigation, regulatory enforcement proceedings and legal and regulatory compliance.

Daren regularly advises clients on matters relating to fraud, bribery, corruption and money laundering. He assisted the Ministry of Justice in drafting the Guidance on the Bribery Act 2010. he has also advised the Joint Money Laundering Steering Group on the Guidance Notes for the financial services sector.

Logistics 

Cost:        Included in AFB membership (no fee)

Location:  In-Person at Shoosmiths LLP. 1 Bow Churchyard, London, EC4M 9DQ

Date:        Thursday 26 May 2022

Time:        09:00 – 10:15. Registration and light refreshments from 08:30

This seminar is limited to 100 attendees.

There will be ample opportunity for questions throughout the session, however, if you would like to submit a question before or have any specific questions or areas that you would like the session to address, please send them to the AFB at secretariat@foreignbanks.org.uk as soon as practicable. You will receive details on how to join the session a few days before the event.