Economic Crime Risk Symposium
Description
The Academy will host a full-day symposium featuring two concurrent streams. The industry stream will include keynote presentations and panel discussions led by experienced professionals, providing practical insights and perspectives from across the sector, while the research stream will explore current research and emerging evidence across criminology, ICT, finance, and accounting in the area of economic crime.
In the age of AI, Financial crime typologies are changing faster than the controls built to detect them. Artificial intelligence has lowered the cost of deception and lifted the volume of scam and laundering activity reaching Australian institutions. At the same time, the AML/CTF reforms have widened the regime and brought new obligations for existing and incoming reporting entities. The Scams Prevention Framework will impose further duties on banks and their counterparts.
The Economic Crime Risk Symposium gives regulators, law enforcement, industry and academia a day to exchange views and hear from experts in the field.
Why Attend ?
Economic crime risk in the Pacific. Deputy Commissioner Hilda Sirec APM, who leads National Security Investigations at the AFP, opens the symposium on the widening overlap between organised crime and national security in the region. A special session dedicated to Proliferation financing typologies are covered separately by Dr Shaun Mawdsley of the NZ Financial Intelligence Unit.
TD Bank: what went wrong and what it costs. Special Agent Carlo Nastasi of IRS Criminal Investigation was co-lead agent on the TD Bank matter, the largest Bank Secrecy Act case brought in the United States and the first in which a bank pleaded guilty to conspiracy to launder money. He will take the audience through how the program failures were identified, how the investigation was built, and what supervisors and financial crime teams elsewhere should take from it.
Insider threat in AI-enabled finance. The financial sector has spent thirty years building digital services and, alongside them, the capability to resist fraud and financial crime. AI has opened new ground on both sides. It creates opportunities in the business and new routes for threats against it, including from people who already hold legitimate access. Drawing on his own operational experience and on his book Insider Threat: A Systemic Approach, Pierre Skorich sets out how treating insider risk as a system improves prevention, sharpens detection and limits the damage when something does go wrong. The session closes on what that means for the guardrails organisations are now putting around emerging AI tools.
Where the regulatory settings are heading. David Shannon has led 24 mutual evaluations for the Asia/Pacific Group on Money Laundering and will set out how assessments are running across the region, what assessors are finding, and how the effectiveness methodology is being applied in practice. Sessions on AML/CTF reform and the Scams Prevention Framework will also be featured.
Also on the program
The program also features leading academics discussing their research on financial crime, as well as senior leaders from CBA, Westpac and NAB.
Registration
Research Stream: $50
Industry Stream:
Public Servants/Education Providers: $250
Industry professionals: $500
Find out more: https://www.griffith.edu.au/academy-financial-crime/symposium
Register now: https://events.griffith.edu.au/event/499c0ca3-7fbc-46bb-87bb-c82efc0e32c2/register
Lineup
Hilda Sirec APM
Deputy Commissioner, National Security Investigations Australian Federal Police Deputy Commissioner Hilda Sirec has been a member of the Australian Federal Police (AFP) for over 20 years; commencing her career in uniform policing and working in various policing roles both locally and on overseas deployment. In a dynamic and uncertain environment Deputy Commissioner Sirec bring a leadership centred on people and an unrelenting focus on protecting vulnerable communities. Deputy Commissioner Sirec proudly holds the role of Co-Champion for the AFP Culturally and Linguistically Diverse Network, advocating and supporting people from all backgrounds thrive in a healthy and inclusive workplace culture.
John Fogarty
Since 2018, John has been a highly respected leader in financial crime compliance, helping shape how Australia's financial institutions collaborate with regulators and law enforcement to combat financial crime. Drawing on his background as a former enforcement officer, he has championed innovative approaches to intelligence sharing, risk management and cross -sector collaboration. Leveraging the Commonwealth Bank's position as Australia's largest bank, John has driven initiatives that have strengthened partnerships across government, law enforcement and the financial services sector. His leadership has supported efforts to identify, prevent and disrupt financial crime, helping protect Australian communities from harm and reducing the significant economic impact of illicit activity. A passionate advocate for public -private collaboration, John played a key role in supporting initiatives such as the Fintel Alliance, which has transformed the way industry and government work together to detect and combat financial crime. His contributions have had a lasting impact on Australia's financial crime prevention framework and continue to influence best practice across the sector
Jodie Arthur
Jodie Arthur is the General Manager of Financial Crime and Group MLRO at Westpac, based in Melbourne, Australia. She was appointed to this role in February 2023 after serving as Head of Financial Crime for Consumer and Business since joining Westpac in July 2020. With over 20 years of experience in the banking sector, Jodie has held senior leadership roles across multiple regions. Prior to Westpac, she was Regional Head of Financial Crime Compliance for ASEAN and South Asia at Standard Chartered Bank in Singapore. Before that, Jodie spent more than a decade at ANZ Bank in roles spanning Internal Audit, Operational Risk, Compliance, and Financial Crime. Her career began in London with Ernst & Young, where she worked for several years in risk and assurance. Jodie brings deep expertise in financial crime risk management and a strong track record of leading global teams to deliver robust compliance frameworks and innovative solutions.
Shaun Mawdsley
Dr Shaun Mawdsley is the NZFIU Research Analyst. In that capacity, his primary role is to lead and conduct research into matters of strategic and operational significance for the NZFIU and wider Police Financial Crime Group. Prior to joining Police, Dr Mawdsley spent seven years with the Centre for Defence and Security Studies at Massey University. He has contracted in both the private and public sectors, and his work has appeared in national and international publications.
Pierre Skorich
Pierre Skorich is the lead author of the recently published book Insider Threat: A Systemic Approach. He has extensive experience across many corporate and policy domains including fraud control and anti-corruption, risk management, national security, intelligence, climate change and migration across ten Commonwealth Public Sector agencies including the Attorney-General’s Department, Department of Agriculture, Department of Prime Minister and Cabinet, Department of Finance, former Department of Immigration and Border Protection, Department of Climate Change and Energy Efficiency, the Clean Energy Regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Federal Police. In 2016, he received an Australia Day Medallion for coordinating the establishment of the Fintel Alliance a world-first private-public partnership launched by AUSTRAC to combat money laundering and terrorism financing. In 2023, he received a second Medallion for his role in implementing Australia’s National Anti-Corruption Commission. He has also held an honorary position at the Australian National University’s Centre for Social Research and Methods, collaborating on crime prevention, insider threat prevention and anti-corruption.
Carlo Nastasi
Special Agent Carlo Nastasi began his career with the Internal Revenue Service Criminal Investigation (IRS-CI) in 2008. Prior to joining IRS-CI, Agent Nastasi was an Audit Senior at Deloitte and Touché and graduated from Pace University with a bachelor’s degree in finance and accounting. He served as lead agent on the SAR review team and was the liaison to the private banking industry. His role includes leading high level money laundering and Bank Secrecy Act investigations and providing training to the BSA compliance industry. Agent Nastasi was the Co-Lead Agent on the TD Bank investigation. Agent Nastasi is currently a member of IRS-CI’s Global Illicit Finance Team. During his time with IRS-CI, Agent Nastasi worked on various tax evasion, money laundering, and Bank Secrecy Act investigations relating to financial institutions, OCDETF, international tax, Securities Fraud, Ponzi Schemes, Political Corruption, and Mortgage Fraud. Many of these investigations involved tracing funds globally including, fiat currency, crypto, foreign currency, TBML, and informal money transfer systems. Agent Nastasi also served as a Task Force Officer with the Federal Bureau of Investigations assisting the white collar and political corruption divisions from 2011 to 2016.
FAQs
- What if I register for the Industry Stream but want to attend some of the Research?
Registration for the Industry Stream will grant you access to the Research Stream.
- What if I want to attend both the Research and Industry Stream?
To attend both you will need to register for the Industry Stream. The Research Stream schedule will be sent out alongside the Industry Stream so you can decide which sessions you would like to attend.
- What if I register for the Research Stream but want to attend some of the Industry Stream?
Registration for the Research Stream will not grant you access to the panels and keynotes. For this access you will need to register for the Industry Stream.
- What is the cost?
Industry Stream (includes limited access to the Research Stream)
Industry Professionals: $500
Public Servants/Education Providers: $250
Research Stream (no access to the Industry Stream)
All participants: $50
- What is the refund policy?
A full refund will be issued for anyone who cancels their registration 30 days prior to the Symposium (October 5th)
50% refund will be issued for anyone who cancels their registration 14 days prior to the Symposium (October 21), after which no refund will be issued.
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