financial crime & forensic investigations

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Financial Crime & Forensic InvestigationsHilton Park Hotel, Nicosia, Cyprus

Tuesday 1st December 2015

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Conference Profille

Don’t miss out on the first Financial Crime & Forensic Investigations Conference in Cyprus covering all relevant aspects. Presentations will be provided by a selection of high profile industry experts and professionals from both Cyprus and abroad.

This conference will offer financial, legal and corporate executives a better understanding of the methodologies and the legal considerations for detecting and preventing financial crime/ fraud through real life case studies.

The participants will be given the opportunity to find out more about new forms of white collar crimes, corporate ethics and independence, and methods for combating/ preventing financial crime.

Who should attend?

• Directors, C-level executives, General Managers

• Accountants• Auditors• Legal advisors• Individuals responsible for

fraud prevention, detection and investigations of fraud and corruption

• Risk & Compliance officers

Speakers and or Panelists

Christos VasiliouBoard Member, Head of Advisory, KPMG Cyprus

Demetra KalogerouChairwoman of the Cyprus Securities and Exchange Commission

Evy PoumpourasConsultant, Former U.S. Secret Service

Marios SkandalisB.O.C. Director Group ComplianceMember of ICPAC Board of Directors

Loizos PapacharalambousPartner at Koushos, Korfiotis, Papacharalambous LLC

Maros HolodnakDirector Forensics, KPMG CEE

Dr. Maria Krambia - KapardisChairwoman of Transparency International - Cyprus

Michael SauermannPartner Forensics, KPMG Germany

Christos IoannidesPartner at LLPO Law Firm

Constantinos ConstantinidesCriminologist, Head of Research Unit and Scientific Member of CYCFSC

Financial Crime & Forensic Investigations Hilton Park Hotel Tuesday 1st December 2015

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Agenda

Tuesday 1st December 2015

8:30-9:00 Registration & Coffee

9:00-9:05 Welcome Address Christos C. Vasiliou Board Member, Head of Advisory Services, KPMG Cyprus

09:05-9:30 Authorities’ Role in Combatting Financial Crime • CySEC ‘s supervisory role

• Types of Financial Crimes in the Investment Sector

• The necessity for specialization in research, detection and prevention of the Financial Crime

• Challenges for regulated entities and Regulators regarding the implementation of adequate • prevention and alert mechanisms

• CySEC’s major achievements to date

Demetra Kalogerou Chairwoman of the Cyprus Securities and Exchange Commission

09:30-10:15 New Forms of White Collar Crimes • Recent forms of white collar crimes – corporate fraud and embezzlement

• Corruption and Bribery

• Interview and investigative techniques

• Detection and prosecution of white collar suspects

• Prevention

Evy Poumpouras Consultant, Former U.S. Secret Service

10:15-10:35 Coffee Break

10:35-11:00 The Evolution of the AML Function and ICPAC’s Role as a Regulatory Authority • Present the overall development of the AML function over the last decades

• Discuss various AML developments occurring both in Cyprus and internationally

• Describe the overall role of ICPAC as a regulatory authority of the accounting profession in Cyprus

• ICPAC’s services to its members and relevant administration procedures in terms of AML issues

Marios Skandalis

B.O.C. Director Group Compliance Member of ICPAC Board of Directors

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Agenda

11:00-11:25 Fraud and Assets Recovery • Asset Tracing Tools: Norwich Pharmacal and Bankers Trust Orders,

Gagging Orders, Anton Pillar Orders

• Securing Assets and Proceeds: Freezing Injunctions, Appointment of Interim Receivers

• Asset Tracing in Aid and Support of Foreign Proceedings

Loizos Papacharalambous Partner at Koushos, Korfiotis, Papacharalambous LLC

11:25-12:10 Conducting an Efficient Internal Fraud Investigation • Principles of efficient internal investigation

• Key stakeholders in the investigation and the necessity of their involvement

• Forensic techniques used in the investigation process

Maros Holodnak Director Forensics, KPMG CEE

12:10-12:35 A Holistic Approach in Preventing Corruption and Corporate Fraud • How Corporate Sustainability has come into focus over the past four

decades

• Beyond the auditor’s evolving role

• Recasting the auditor’s conventional fraud-detection role

• Proposing a holistic model which will contribute to the reduction of corruption and corporate fraud and prevent the demise of corporations

Dr. Maria Krambia-Kapardis Chairwoman of Transparency International - Cyprus

12:35-13:50 Lunch

13:50-14:35 IT-Security Threats and Cyber Forensic Investigation • Overview on eCrime and potential damages

• Examples of Cyber Attacks and threats

• Cyber Forensic Investigation of IT-Security Incidents

Michael Sauermann Partner Forensics, KPMG Germany

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Agenda

14:35-15:00 Defense Strategies in Financial Crimes Prosecution

• Adversarial Legal System and the Benefit of the Doubt

• The Defence Lawyer as a Strategist

• The Investigation and Pre - Trial strategies

• Post Investigation Evaluation

• ‘Let the best story prevail’ Principle

Christos Ioannides Partner at LLPO Law Firm

15:00-15:20 Coffee Break

15:20-16:05 Case Studies




16:05-16:40 Panel Discussion





Christos Ioannides Partner at LLPO Law Firm

Constantinos Constantinides Criminologist, Head of Research Unit and Scientific Member of CYCFSC

Total Training Hours: 5hr & 40 mins

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Guest Speaker Profiles

Demetra KalogerouChairwoman of the Cyprus Securities and Exchange Commission

Mrs. Kalogerou is the Chairwoman of the Cyprus Securities and Exchange Commission, the public independent supervisory authority responsible for the

overall supervision of the securities market in Cyprus. Mrs. Kalogerou is also a member of the five-member Public Oversight Committee which was created for the supervision of auditors and audit firms. Furthermore, from September 2013 to June 2014, Mrs. Kalogerou served as a member of the then tripartite Resolution Authority along with the Minister of Finance and the Governor of the Central Bank of Cyprus, tasked to oversee the implementation of the resolution of the second largest credit institution in Cyprus.

Mrs. Kalogerou’s duties in her previous professional experience as a Senior Officer of the Cyprus Stock Exchange (CSE), included the supervision of transactions in transferable securities and the various CSE markets, the monitoring of compliance of listed public companies with their continuous legal obligations, research and development of new products as well as the promotion of financial markets.

Mrs. Kalogerou holds a BSc in Economics and Business Administration, an MSc in Economics of Public Policy and an MPhil in Finance.

Evy PoumpourasConsultant, Former U.S. Secret Service

Evy Poumpouras is an on-air contributor for CNN, NBC, CBS and FOX, regarding interview and investigative techniques. She is a former Special Agent of the U.S. Secret Service and has investigated numerous

financial crimes during her tenure. In addition to her fraud investigations, her presidential protective details included President Barack Obama, First Lady Michelle Obama, President George W. Bush, President George H. Bush and more. She has experience in investigations regarding bank and credit card fraud, linguistic analysis, non-verbal behaviors as well as security and protection.

Evy has a Master’s in Forensic Psychology from Argosy University and a Bachelor of Arts in Political Science, Fine Arts and Overseas Studies from Hofstra University. She has been trained as a special agent, criminal investigator, polygraph examiner/interrogator and a police officer. She is proficient in the Greek, Spanish, Italian, French and Arabic languages.

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Marios SkandalisB.O.C. Director Group Compliance Member of ICPAC Board of Directors

Marios is a fellow member of the Association of Chartered Certified Accountants (UK), a licensed member of the

Association of Certified Fraud Examiners (US) and a Certified Financial Consultant. He is also the holder of an International Compliance Certificate.

Marios professional career commenced in 1995, as an Audit Supervisor and a Senior Management Consultant with Ernst & Young over the South-Eastern European region. In 2000 he was employed with the Bank of Cyprus Group, in the role of Chief Financial Officer of the General Insurance of Cyprus for over a decade. He then took on the role of Manager for the Organization, specializing for the Bank’s Overseas Operations until 2013, when he was appointed as a Legal Representative of the Bank in Greece. Today, Marios is the Director of Group Compliance Division of the Bank of Cyprus Group.

Marios is a member and an ex-Vice President of the Board of Directors of the Institute of Certified Public Accountants of Cyprus and the executive Vice-Chairman of Transparency International (Cyprus). He is also an Honorary Scientific Member of the Constanteion

Criminology & Forensic Sciences Research Centre.


Loizos Papacharalambous holds an LLB degree from the University of Bristol and a Postgraduate Diploma in International Comparative and Commercial Arbitration from the Queen Mary College of

the University of London. Loizos was also awarded a Postgraduate Diploma in Bar Vocational Studies and was called to the Degree of the Utter Barrister in 2004. He is a member of the Honorable Society of the Gray’s Inn and was admitted to the Cyprus Bar Association in 2004. Loizos is a Member of The Chartered Institute of Arbitrators and is currently attending courses to obtain an Msc in Finance and Banking.

He has been the Vice – Chairman of the Cyprus Telecommunications Authority (CYTA) for the duration of four years and he has also served as the Chairman of the Audit Committee of CYTA. Loizos is currently the Chairman of the Housing Finance Corporation.

He is a practicing lawyer since 2004 and his areas of expertise are commercial and corporate litigation, representation of banks, investment and insurance companies.

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Maros HolodnakForensic Director, KPMG CEE

Maros is a Director in Forensic service department at KPMG Central and Eastern Europe as of February 2009 with 15 years of experience. Maros started his career with one of the Big 4 companies in Prague in August 1999. After working in the audit

department for a year, he transferred to the forensic department.

Maros has mainly focused on fraud investigations and fraud risk management. Maros has run investigations across all industries and business processes in the majority of European countries and was involved in many litigations. He is also experienced in the design and implementation of controls, procedural and organizational changes, and information systems in order to prevent, detect and reduce risk of fraud and irregularity. Maros has assisted companies in developing a fraud prevention strategy and setting up a fraud risk department. Maros is also responsible for the application of specialized electronic data analysis tools.

Maros’s clients include major banks and financial services institutions, FMCG entities, manufacturing and telecommunication operators where he has investigated fraud and designed fraud prevention measures in purchasing, capital expenditures, sales, asset management cycles, corporate and retail banking, treasury, insurance claims management and others.

Maros has also designed and implemented a fraud risk management framework, fraud strategy, anti-fraud policy and fraud response plan, fraud scoring system and


Dr. Maria Krambia-KapardisChairwoman of Transparency International, Cyprus

Maria Krambia Kapardis (B.Ec, M.Bus, Ph.D, FCA, ACFE) is an Associate Professor in Accounting, at the Cyprus University of Technology.

Mrs. Kapardis is the Chairwoman and a founding member of the non-governmental organization, Transparency International Cyprus, and has chaired the Economic Crime and Forensic Accounting Committee of the Institute of Certified Public Accountants of Cyprus for number of years. Mrs. Kapardis has authored two books on the topic of Economic Crime, nine chapters in peered reviewed books in the Greek, French and English languages and has edited three books in the field of Economic Crime. Her work is published in international/local, professional and academic journals and has presented her work both locally and internationally in peered review conferences. Her research interests are in the areas of fraud detection and investigation, anti-corruption, political accountability, corporate social responsibility, corporate governance and business ethics. In 2015, she was awarded twice for two of her 2014 articles by Emerald Publishing. Mrs. Kapardis is now working on a book titled “Preventing Fraud and Corruption: Averting Corporate Collapses and Financial Crisis” which will be published by Palgrave Macmillan.

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Michael SauermannPartner KPMG Forensic, Germany

Michael Sauermann is a Partner of KPMG’s Forensic Technology Service Department for the past 9 years. Prior to joining KPMG he owned his own software development company. At KPMG he leads both the Cyber

Forensic and Forensic Data Analytics services. These services aim to provide support to KPMG’s clients in fighting white collar fraud and eCrime.

Michael Sauermann’s team has been highly successful in fighting hacker attacks and in providing incident response measures. This also relates to the investigation of data leakages and potential data theft.

Forensic Data Analytics Services provide State-of-the-art methodology, technology and best practice approaches to identity indications of fraud and misconduct in

clients’ business data (e.g ERP-Systems).


Christos O. IoannidesPartner at LLPO Law Firm

Christos practices law both as a litigator and as transactions counsel in the field of commercial law. As a litigator, he has successfully defended the interests of his clients both before criminal and civil courts. As a counsel, he has advised

on the methods under which clients achieved their commercial objectives.

Examples of criminal cases are those consisting of offences related to Financial Crimes, Fraud and Misrepresentation, Anti-Money Laundering Proceedings, Failure in Executing Directors’ duties, Preparing and Circulating Forged Documents offences, Forged Accounts offences, Unlawful Making of Profit related offences, Financial Services and other Regulatory offences and other related offences.

Inevitably, in the civil spectrum he is regularly involved in cases that require the issuing of asset freezing orders and interim orders to safeguard the fruitful conclusion of civil litigation. Examples of such orders are the popular Mareva Injunction, but also Norwich Pharmacal

and Anton Pillar orders.

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Constantinos ConstantinidesCriminologist, Head of Research Unit and Scientific Member of CYCFSC

Constantinos is a member of the British and the American Society of Criminology and the International Corrections and Prisons Association.

His research, relating to White Collar Crimes, Criminal behavior and interviewing methods of suspects, has been presented at conferences in cooperation with the Central Bank and the Government Authorities.

He is also specialized and has trained members of the Association of Internal Auditors in regards to internal methods of interrogation and interviewing, the use of video and surveillance in the workplace and relating criminal offences. Additionally, he is a Lecturer at Executive and Professional Level Seminars for Private Banks and the Cyprus Exchange Committee.


Christos Vasiliou Board Member and Head of Advisory, KPMG Cyprus

Christos holds a BA in Economics and Accounting (Joint Honours) and he is a Fellow member of the Institute of Chartered Accountants in England and Wales (ICAEW), and of the Institute of Certified

Public Accountants of Cyprus. He also holds the CF qualification of the ICAEW.

He started his career as a Partner in the Audit Department, focusing on the financial services sector. He has also taken responsibility for a major portfolio of clients, including public, private and semi-governmental organisations.

Christos is currently heading the Advisory Unit of KPMG in Cyprus as well as KPMG’s Academy Department whose aim is to turn knowledge into value for the benefit of its clients and the society in general by offering high quality seminars and trainings. His capacity as the Head of the Advisory Unit of KPMG, Cyprus, allowed him to offer advisory services to numerous clients in a diverse spectrum of industry sectors.

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Iacovos GhalanosBoard Member, KPMG Cyprus

Iacovos heads KPMG Cyprus’ Forensic practice. He also leads the Internal Audit, Risk and Compliance Services Department of KPMG in Cyprus. Iacovos holds a BSc in Economics and is a Fellow

member of the Institute of Chartered Accountants in England and Wales (ICAEW), and of the Institute of Certified Public Accountants of Cyprus.

He has extensive advisory experience focusing on internal control systems and procedures in various sectors including Financial Services (Banking, Insurance and Investment). Through his career he has led teams on investigations regarding allegations of bribery and fraud for public, privately owned and governmental organisations. Iacovos designed controls and more specifically fraud preventative measures through leading numerous projects on processes analysis and fraud risk management.

Additionally, he leads engagements relating to the Internal Audit Outsourcing and Internal Control Systems’ assessments of various organisations. Iacovos has led numerous risk assessments of corporate clients and compiled risk registers. He has also conducted risk workshops for clients from diverse industry sectors.


Conference fees and terms

Conference participation applications, can be submitted ONLY with full pre-payment. The cost per participant amounts to €290 + VAT for registrations until 20 November 2015. Registrations thereafter amount to €320 + VAT. We therefore consider that by signing this form you commit to settling your debt before the date of the conference. No payments can be made on the day of the conference.

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*For more than two (3+) participants from the same company a 10%discount is available on the total cost, before VAT. For more than four (5+) participants from the same company a 20% discount is available on the total cost, before VAT. Members of ICPAC, IIA Cyprus and CBA will olso receive a 10% discount. Discount offers cannot be combined.

Payment Procedures

Bank deposit at:Hellenic Bank Main BranchKPMG Limited 115-01-479914-01Swift Code: HEBA CY2NIBAN: CY94005001150001150147991401

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Terms & ConditionsCancellations made within five (5) working days prior to the conference will not be accepted and the fees will not be refunded. Substitutions are welcome at any time without any additional charge.

The Constanteion Criminology and Forensic Sciences Institute and KPMG reserve the right to change the date or time of the conference or cancel the conference due to any reason which makes the conduct of the conference impractical.

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You agree to ensure that all participants are aware of these terms and that they are bound by them.

You are deemed to have read and understood these terms and conditions before signing this registration form.

Completed applications can be emailed to [email protected] or sent by fax to +357 22 336639 with a copy of the fee payment receipt.

Registration Form

For more information please contact:

Chryso Agathocleous

T: + 35722339690, 96339690

F: +357 22 336639

E: [email protected]