Richard Simms, Managing Director of AMLCCRichard Simms

Session time: 9.05am - 10.05am

The worldwide Financial Action Task Force recommendations for combatting money laundering, terrorist financing and proliferation financing are continually being refined and updated to pursue the crucial fight against organised crime. Attendees will gain an understanding of what money laundering, terrorist financing and proliferation financing are and why accountants are so important to anti-money laundering. The regulations governing the legal obligations of the accountancy sector are regularly being amended and it is vital accountants understand their legal obligations and stay completely up to date. Richard will explain how your firm can achieve AML regulatory success and explain the risks you should be looking out for. Richard looks forward to discussing specific queries or questions on the day.

Your crucial role in anti-money laundering

  • What is money laundering, terrorist financing and proliferation financing?
  • The enormity of the world-wide money laundering problem
  • Why are accountants important to anti-money laundering?
  • How does your firm achieve regulatory success?
  • Can you provide conclusive proof you are complying correctly?
  • What to look out for
  • Accountancy sector service risks

Speaker bio:

Richard, Managing Director of AMLCC, is both a professional regulated under the anti-money laundering regulations and a leading authority on anti-money laundering compliance, risk management and education. Since 2007 when AML regulation for accountants was introduced in the UK, as both a chartered accountant and an insolvency practitioner, Richard has seen first-hand the challenges of implementing effective AML processes. Working with accountancy regulators, Richard used his unique professional insights to create AMLCC in 2008.


Shelsea Adrian, YoozShelsea -Adrian

Topic: The impact AI is having on an international footing for accountants in business and practice

Session time: 11:30am - 12:30pm

Artificial intelligence (AI) is more and more used in our day-to-day life and the financial environment does not make an exception. AI also plays a primary role in the future of how organisations operate and execute their finance functions.

Increasing international regulatory pressures and cunning fraudsters are just a few of the driving factors making AI in finance vital for the future success of your business.

Join Shelsea Adrian, of Yooz, and IFA for a discussion on artificial intelligence in the finance function to learn what is driving it and what that means for you and your organisation.

This session will cover:

  • Increasing international regulatory pressures urging organisations to go digital. ·
  • How does Artificial intelligence fit into the finance functions? The role AI plays in Accounts Payable invoice and payment approval processes
  • Some of the numerous benefits to AI-powered AP automation: increased speed, improved accuracy, real-time visibility, regulatory compliance, risk reduction, fraud prevention, etc.
  • Product Demonstration of the unique combination of AI-based advanced technologies that make up the smartest, most powerful, and easiest-to-use AP automation platform

Speaker bio:

Shelsea has over 10 years-experience in International Sales and Customer Services, including several years helping global clients to improve their internal processes and gain efficiency in both B2B and B2C sectors. Shelsea is seen as a trusted advisor who helps companies of all sizes implement adapted strategies and reach their full potential.

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Arun Chauhan Headshot

Arun Chauhan, Solicitor & Founder at Tenet

Topic: Identifying the root cause - lessons learnt from the Wirecard fraud

Session time: 1:30pm - 2:30pm

A Lawyer’s Top 10 Tips for Investigating Suspected Fraud. The session will look at the impact of fraud on SME businesses, why people do bad things (i.e. act dishonestly) and explain the top 10 things to have in mind if you or a client suspects fraud is impacting their business.

This session will cover:

  • Impact of fraud on business
  • Why do employees break the rules?
  • Practical impact of fraud on a business using employee fraud as an example
  • Outline of a case study example – contracts manager becoming too close to a supplier
  • Investigation considerations – the key steps to consider during an investigation
  • How to reduce the risk of fraud impacting your business

Speaker bio 

Arun is an accomplished lawyer specialising in disputes and compliance investigations, bringing successful litigation claims to recover loss from financial fraud. Founder of disruptive law firm Tenet, the only niche law firm in its field outside of London and winner of Boutique Law Firm 2022 at the prestigious Legal Business Awards. Arun is a regular fraud expert for the BBC, quoted in The Times, The Guardian and The Telegraph. He is Trustee Director for the Fraud Advisory Panel and provided evidence to a House of Lords Committee about the impact of digital fraud and effectiveness of the 2006 Fraud Act.

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Robert Grant FCCA, Initor Global UKThumbnail _Robert Grant Photo IMG_5887

Topic: How accountants are using outsourcing to boost revenues and minimise risk

Session time: 2.35pm-3.35pm

Accountants across the world are looking at ways to drive profitability and growth while meeting the ever-increasing requirements of clients and regulators. In this webinar, we discuss the key issues you need to consider when using an outsourced solution to achieve your goals. We will address common misconceptions about outsourcing and provide real life examples from our customers about the benefits they have secured from outsourcing services to us. We will provide practical examples about the types of service suitable for outsourcing and the benefits accountants can secure.

This session will cover:

  • Common misconceptions about outsourcing
  • Improving profits and productivity
  • Building capacity, resilience and scalability
  • GDPR, Data Protection and client data security
  • Improving client experience
  • Effective change management
  • Case Study 1 - using outsourcing to drive profitability
  • Case Study 2 - using outsourcing to drive practice growth

Speaker bio

Robert is Initor Global’s Head of Customer Experience. With over 30 years’ experience in audit and accounting practice, Robert is working with Initor Global to implement growth plans and build on its reputation for outstanding customer service.

Until December 2021, Robert was head of accounting at E-Crunch Ltd, the UK’s first cloud-based accounting practice with its own award-winning accounting software. Robert was responsible for managing the practice to deliver services to over 11,000 clients (small businesses, limited companies and sole traders). Delivery of high volume, quality accounting services was achieved through a combination of in-house accountants and outsourced resources.

Between 2007 and 2015 Robert was an audit partner at a top 6 UK firm and was statutory auditor for central government bodies, local authorities, and NHS organisations across England. Between 1988 and 2006, Robert qualified as an accountant with the Audit Commission, rising to the role of statutory auditor.

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