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INSIGHT: FinCrime and Cyber experts ready themselves for IFPC 2021 on April 21 – Europe’s fastest growing conference in the sector

By Dan Byrne for AMLi

ALMOST TWO DOZEN professionals and experts in FinCrime and Cybersecurity will take the virtual podium this month at International Fraud Prevention Conference, IFPC2021.  

AMLintelligence is a proud sponsor of the event which is the fastest-growing CyberSec and FinCrime conference in the EU.

The latest edition of this annual summit brings together some of the top FinCrime minds in law enforcement, governance, and policymaking – all from different home countries, all experts in their field.  

This year’s convention will also hear from two of the most powerful Cybersecurity chiefs on both sides of the Atlantic – Vice President Margaritis Schinas of the European Commission and US Assistant Attorney General for National Security John C Demers.

IFPC has been praised by Eurogroup President Paschal Donohoe, who hailed the 2020 event as “a great forum to discuss Cybersecurity and FinCrime.” 

Conference chair Stephen Rae with Eurogroup President Paschal Donohoe at IFPC 2020, Croke Park, Dublin, Ireland.

US Assistant Attorney General for National Security John C. Demers confirmed as #IFPC2021 Speaker

AMLintelligence has confirmed Friday that Assistant United States Attorney General John Demers has been confirmed as a guest speaker at IFPC ’21.

Mr Demers is a celebrated expert in national security related cyber-crime, terrorism and espionage in the United States. He leads the Department of Justice’s efforts to combat these threats, as well as to enforce export control and sanctions laws and spearhead reviews of security of foreign US investments.

A graduate of Harvard Law School, Mr Demers has also servied as Vice President and Assistant General Counsel at The Boeing Company, where he held several senior positions including in Boeing Defense, Space, and Security and as lead lawyer and head of international government affairs for Boeing International.

The IFPC Panel: thorough expertise in FinCrime.

IFPC attendees will also hear from a serious line up of specialists, including:

  • Vice President Margaritis Schinas, European Commissioner for Security Union, including Cybersecurity
  • Stephen Kavanagh, Executive Director of Police Services, Interpol
  • Billy Kelleher MEP, Rapporteur on DORA, European Parliament
  • Derville Rowland, DG Financial ConductCentral Bank of Ireland
  • John Cusack, Chair, Global Coalition on Fighting Financial Crime
  • Prof Ciaran Martin, former CEO National Cyber Security Centre, UK; University of Oxford and Strategic Advisor, NATO
  • Deirdre Carwood, Global Head of Investigations & Crisis Management, Deloitte
  • James Essig, Chief of Detectives, NYPD
  • Brian Hayes, Executive Committee, European Banking Federation
  • Sir Rob Wainwright, former Head of EuropolPartner, Deloitte Europe
  • Claire Loftus, Director of Public Prosecutions

The congress has four main Plenary Sessions:

  • Public Private Partnerships
  • Digital Payments Fraud
  • Fighting FinCrime
  • Digital Resilience

Conference chair Stephen Rae said more speakers are being added to the programme. He stressed the importance of IFPC as a chance to network with colleagues in the industry, so that it can be better prepared to combat criminal activities that cost the financial system billions.   

“What is certainly true is something has to change – and soon,” he told delegates in a message.

“Now is the time elevate cybersecurity and financial crime compliance – together – as strategic business issues within organisations and develop partnerships between industries, business leaders, regulators and policymakers.”  

“We hope this is a conversation that can begin at IFPC2021.” 

A major focus of the event – once again – is the threat of cybercrime. It’s an issue that has dramatically increased in prominence since the onset of the COVID-19 pandemic. 

The word moved online when the virus began to spread, and the criminals moved with it. But amidst the great migration was a level of “corporate unpreparedness” that Rae describes as “astonishing.” 

“Only two years ago major cyberattacks were big news, rare events even,” he said. “Today they are everyday occurrences and no longer attract big headlines – but the losses involved are staggering.” 

CEO of the National Cyber Security Centre and Strategic Advisor to NATO Ciaran Martin spoke at the 2020 edition and will again in 2021. 

Last year, his keynote address summarised the unique threat that cybercrime poses to the world. 

“There is one major distinction,” he described in his remarks. “It is possible for the first time in human history to inflict long-term sustained criminal damage to a jurisdiction without ever setting foot in it, and that’s highly problematic.” 

IFPC takes place on 21st April and registration is now open.

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