with Andrew Quinn
The accelerated digitisation of financial services during the ongoing COVID-19 pandemic has heightened the regulatory focus on AML/CFT and encouraged a shift from the traditional rules-based approach to compliance to a framework that is more focussed on outcomes. In the near-term, the EU is also expected to publish AML Regulation in 2021, as it harmonises AML Directives across the single market.
This session will address how the adoption of technology solutions throughout the AML cycle will play a crucial role in enhancing Ireland’s response to financial crime prevention and the harmonisation of the EU’s AML/CFT regulation and compliance.
The session will specifically focus upon:
Innovation & Regulation: examining the role of national, and EU regulators, in enabling the innovation of technologically enabled financial services whilst protecting consumers, maintaining financial stability, and enhancing the AML/CTF Compliance Framework.
EU Digital Finance Strategy: reviewing the ongoing implementation of the EU’s strategy to support the innovation of financial services across a single market in the context of the risks and opportunities this presents for AML supervision, compliance and enforcement.
Harmonisation of AML Compliance: highlighting the specific areas of compliance risk related to regulatory fragmentation, outlines the European Commission’s strategic approach to the harmonisation of the regulation of EU financial services, and identify stakeholder priorities in implementing AML best practice in Ireland.
Andrew Quinn
Head of Fintech & Financial Services @PAT
Andrew is the former Course Director of Accountancy (including ACCA), Finance, Fintech, and Business Analytics programmes at Dublin Business School. During his 8 years at DBS, as Course Director, Andrew lectured extensively and was responsible for the management of numerous programmes.
In his time at DBS Andrew designed, developed, and validated (QQI) several new programmes, including an MSc & Higher Diploma in Financial Technology (Fintech), and a Certificate in Regulatory Technology (Level 8). Since joining PAT Andrew has designed two new programmes – Fintech Risk & Compliance and AML in a Fintech Environment – with the ACOI (The Association of Compliance Officers in Ireland) and the ACCA respectively.
During this time, and continuing into his current role, Andrew established the active involvement of industry in all of the development and delivery of his programme, and he collaborates closely with several industry/professional bodies. Before his move into education, Andrew had a broad experience of the financial services industry, including working for banks, hedge funds, an investment consultancy, and co-founding two Fintech related start-ups.