8th International Compliance Forum
IMH is organising the International Compliance Forum to discuss the latest challenges facing the global compliance and ethics community. The Forum is intended as a platform to help facilitate discussions on the benefits of compliance management in business and more importantly, the return on investment of compliance. This year’s Forum will welcome a number of high-caliber international speakers who will discuss the changing role of compliance over the years, and how effective compliance management can lead businesses into the future.
Focus on practically implementing sustainability and interest from a strategic point of view is the new corporate trend! In order to effectively address sustainability challenges the compliance function has probably the most important role to play. Businesses must ensure that stakeholder demands and regulatory requirements are incorporated within a framework of primary support of the environment and society. The ability to create real and sustainable corporate value has to be filtered via specific ESG criteria and performance indicators and the compliance functions has responsibility to provide that assurance! Especially nowadays, it is imperative for business leaders to deal with emerging risks in a post-pandemic, post-war environment. Companies must discern what compliance can do to help them grow sustainably while avoiding financial and reputational risks.
To download the conference program please click here.
Marios Skandalis 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 Fellow member of The Chartered Governance Institute – ICSA (UK). He is also a Fellow member of the International Compliance Association (UK) and a professional member of the Society of Corporate Compliance and Ethics (US). Today he is the Director of the Group Compliance Division of the Bank of Cyprus Group. His professional career commenced in 1995 when he served as an Audit Supervisor and a Senior Management Consultant with Ernst & Young. Mr. Skandalis is the President of the Cyprus Integrity Forum (CIF) and the Vice-President and founder member of the Association of Certified Fraud Examiners (Cyprus). He is also a former Board member of the International Advisory Board of the International Compliance Association (ICA, UK). Mr. Skandalis is the past President of the Institute of Certified Public Accountants of Cyprus (ICPAC) and the former Executive Vice-President and founder member of Transparency International (Cyprus). Mr. Skandalis is the winner of the 2016 Banker of the Year Award – Cyprus by the AI Magazine in the United Kingdom. He is also the winner of the 2017 American Academy Nicosia Alumni Achievement Award in recognition of his remarkable success and achievements in his chosen career of compliance, corporate governance and anti-financial crime
Erik Woodhouse is the Deputy Assistant Secretary for the Division for Counter Threat Finance and Sanctions in the Bureau of Economic and Business Affairs. In that position, he oversees the Office of Sanctions Policy and Implementation and the Office of Threat Finance Countermeasures. Before rejoining the State Department, Mr. Woodhouse was an attorney advising clients on compliance with U.S. sanctions and anti-money laundering rules and regulations. Previously, he served as Senior Advisor to the Under Secretary for International Affairs at the Treasury Department, where he worked on matters across IA’s international economic policy portfolio. Before Treasury, Mr. Woodhouse served as an attorney-adviser with the Office of the Legal Adviser at the State Department, first covering human rights and refugee affairs, and then treaty affairs. Earlier in his career, he was an associate in the project finance and litigation practices at a global law firm, a clerk for a judge on the U.S. Court of Appeals for the Ninth Circuit, and a researcher at the Program on Energy & Sustainable Development at Stanford University. Mr. Woodhouse received his B.A. from Emory University and J.D. from Stanford Law School.
Victoria Penrice, a chartered governance professional with over 30 years’ experience, was a Group Company Secretary at Seadrill Limited until June 2020. She has experience in a number of sectors and is skilled in corporate governance, project delivery and board leadership, having worked for major listed companies.
A senior Executive Director and independent Board Member, Anna has worked in both private and public sectors for 30 years successfully leading organisations through complex change and turnaround across multi-cultural and political environments. An active member of the IOD for over 20 years, Anna brings an established track record during her career as Partner Ernst Young, MD at IBM EMEA, and Vice President Mercer. Her successes include extensively growing operations across USA and Europe, Middle East and Africa and leading international business operations with revenues of up to £13bn. Anna has been a key advisor and Executive to Central Government in Transportation and Homeland Infrastructure and has been at the forefront in the shaping of the UK Telecommunications and Consumer Energy industries. As a key international influencer in turnarounds, mergers & acquisitions, Anna has worked with senior world leaders and is a NED for private and public boards. More recently, Anna has been COO for the Government of Jersey and prior to that Executive Director Strategy Highways England, COO of the Office of Fair Trading and independent Advisor in a €4bn merger and IPO for Sopra-Steria, France. More recently she is Chair of the Board of Governors for Warwickshire College Group and has supported TMF Channel Islands Group as Non-Executive Chair of its equity and trust entities.
Dr. Peter Geipel is a German professional with more than 20 years of experience as board member and CEO/General Manager in international companies (financial sector) in the German, Italian and Spanish market. He has xperience in reorganisation and M&A and is involved in start-up companies as investor and manager. He holds a Ph.D. degree in Business Administration from Munich University, Germany and has 3 years working experience as Assistant Professor at Munich University. He started his career in Germany in the financial sector and then as chief controller of a World Bank project (joint venture with the German Company Herlitz) in Russia in the paper industry. At the same time, he performed the duties of CFO of the German company. From 1999, he has been the General Manager in the Italian subsidiary of the important German Insurance Group - Gerling. Since 2003 he has held multiple roles at Munich RE Group such as CEO and Supervisory Board Member in Italy and CEE (companies partly quoted in the stock market). In 2008 on, and for the next 8 years he was the CEO in the Italian subsidiary of one of the leading US financial companies - Prudential Financial. From 2016 until 2020 he was an Independent Board Member and Chairman of the Audit Committee at Allianz Spain (Insurance/financial, 3rd market position). From 2020 until today he is an Independent Board Member and Chairman of the Audit Committee at BBVA Allianz Spain, one of the most important Insurance/Bank joint ventures of the country. Dr. Geipel speaks German, Italian, English, Spanish and French.
Ben Richmond driven by a vision of the future of regulatory compliance, founded CUBE in 2011. Once described as the ‘world-beating Rockstar of RegTech’, Ben is a results-driven CEO with a focus on progression and growth and driving change in the industry. Ben started his career in technology at Misys and soon came to realise the untapped potential hidden within unstructured data. With this potential in mind, Ben set out to build a business centred around harnessing unstructured data for the greater good within financial services. In 1998, he founded The Content Group, setting global standards for content-related initiatives. In 2008, in the midst of the global financial crisis, Ben was quick to see that the future of financial services was going to change. Ben saw that the future of finance was rooted in rules, regulations and policies – unstructured data that would need to be harnessed and managed by financial institutions. With this vision in mind, Ben founded CUBE.
Vicky is a Fellow Chartered Accountant, member of the ICPAC and CAMS member. She joined ECOMMBX as the Anti-Money Laundering Compliance Officer on April 1st, 2021 after being with PwC Cyprus for a total of 15 years. During her career, Vicky serviced a wide range of financial services clients including credit institutions, EMIs and investment firms, offering advisory services in the areas of risk management, regulatory compliance, governance and internal controls.
Richard Corbyn is the Director of Authorisations at Complyport, a leading regulatory compliance consulting firm supporting the UK financial services industry for around 20 years, ensuring delivery of first-class service and support to clients seeking FCA approval for Authorisation, Variation of Permission and Change in Control. Prior to joining Complyport, Richard worked for the FCA, the UK’s conduct regulator for financial services firms and financial markets, for more than 20 years. During this time, he held various positions, including Manager of the Authorisations Division, leading amongst others the Change in Control and Passporting teams. Before that, Richard was the Manager of the FCA Complaints Scheme and the Regulatory Decisions Committee (RDC) team, during which he held primary responsibility for managing the FCA’s relationship with the Independent Complaints Commissioner. Richard had previously served as a Manager of the FSA (FCA predecessor) supervisory Triage team, where he oversaw risk-assessing and prioritising issues affecting retail financial firms. Before that, he worked for nine years at the Insurance Brokers Registration Council. Richard holds a bachelor’s degree in Law (LLB) and is a member of the Chartered Governance Institute.
Yiannis Pettemerides was engaged, for more than 2 years, as an External Technical Expert, and leading the Onsite Inspection Teams, of the AML/Supervision Department of the Cyprus Securities and Exchange Commission (CySEC). He was also the Chairman and a Member, for more than 5 years, of the Economic Crime and Forensic Accounting Committee of the Institute of Certified Public Accountants of Cyprus (ICPAC) and also the Vice-Chairman, for more than 4 years, of the Promotion of the Profession and Academic Relations Committee of the Cyprus Institute of Internal Auditors (IIA). Yiannis is engaged as an External Technical Expert, in the fields of Forensic Investigations, Anti-money Laundering Investigations and Audit Investigations, by the Cyprus Police Economic Crime Unit, the Attorney General Office, the Audit General Office and the Private Sector. He is a member of multiple associations including ICPAC, IIA, ACFE and ICA.
Christos Ttiniozou has been focusing - over the past 20 years - on how to help organizations comply with regulatory obligations through the use of technology. He is the MD of iSPIRAL, a leading regulatory technology firm focusing mostly on sectors such as Financial Institutions, Payments, Investment, Forex/Brokers, Insurance, Crypto, Gaming/Gambling, etc. With work experience in the USA and Cyprus, Christos is responsible for formulating the strategic vision of iSPIRAL in developing an end-to-end Onboarding, KYC, AML & Fraud Solution to comprehensively address the compliance objectives and obligations set by regulators worldwide. Some of KYC, AML and GRC subjects Christos and iSPIRAL focus upon are Transaction Monitoring, Client Lifecycle Management, Digital Identification, Risk Assessment, and more.
Pekka Dare is responsible for the delivery and development of ICA’s programmes worldwide. His role involves management of the ICA Training Faculty, where he has developed a world-class faculty that delivers best-in-class training and education programmes across a range of jurisdictions. His other responsibilities include managing the ICA Research and Development Team, which creates new and innovative programmes to respond to emerging regulatory and industry issues. Previous roles include MLRO for a multinational life and pensions firm and Head of Financial Crime Prevention of a division of a major UK bank. Pekka is also a qualified solicitor in the UK and New Zealand.
Richard Donoghue is a partner in Pillsbury’s Corporate Investigations & White Collar Defense practice. Rich has three decades of experience in the public and private sectors. With more than 20 years in the U.S. government, Rich served in senior government positions, including Acting Deputy Attorney General of the United States, the second-highest position in the U.S. Justice Department, and U.S. Attorney for the Eastern District of New York. Rich also served as the Chief of Worldwide Litigation for a Fortune 500 software company for six years. With unparalleled expertise and experience, Rich helps clients resolve sensitive and complex litigation challenges.
David is the Deputy Global Head of Financial Crime Compliance (FCC) as well as the Global Head of Anti-Money Laundering for BNY Mellon, responsible for all aspects of FCC across the enterprise. David is also the chairman of BNYM’s global Anti-Money Laundering Oversight Committee. Previously David was the US Head of AML. David has 18 years of experience in the AML field and has also held roles at HSBC and Citi Private Bank. Prior to working in the financial services area David spent 20 years in US Law enforcement conducting international money laundering and narcotics trafficking investigations.
Sofoklis Karapidakis is the Compliance Director and Data Protection Officer at MYTILINEOS S.A., based in Athens, Greece. Prior to this role, Mr. Karapidakis has held various positions in Siemens SA, Greece and Siemens AG, Germany as Head of Compliance and Data privacy 2007-2018 and Corporate strategy 2001- 2007. Before that, he worked for 5 years as program manager in the construction industry on medium scale projects. Sofoklis is a diploma engineer by Aristotle University of Thessaloniki and holds a two year Masters of Science degree on “Strategic management” by Massachusetts Institute of Technology (MIT).
Yana Raevskaya holding position of Legal department Manager in Prospectacy, holder of Bachelor of LLB and MBA from University of Cyprus. She is a Member of CBA. She is an accomplished lawyer, she has extensive experience with projects related to online business with investors from various countries. Her areas of practice include Corporate & Commercial Law, Trusts and Intellectual Property Protection. During the past 4 years of her career, she focuses on transforming the business idea into operational Company which will enjoy the benefits provided to the foreigner’s investors by the Cyprus Legislation. She speaks Greek, Russian and English.
The Bank of Cyprus Group is the leading banking and financial services group in Cyprus, providing a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, life and general insurance. At 31 March 2022, the Bank of Cyprus Group operated through a total of 86 branches in Cyprus, of which 11 operated as cash offices. At 31 March 2022, the Group’s Total Assets amounted to €25.1 bn and Total Equity was €2.1 bn. The Bank of Cyprus Group comprises Bank of Cyprus Holdings Public Limited Company, its subsidiary Bank of Cyprus Public Company Limited and its subsidiaries.
eBOS is an innovative client-focused software company providing state-of-the-art RegTech and Fintech solutions that automate risk and compliance management for organisations on a worldwide basis and lead them to digital transformation. With a product portfolio of numerous web-based, technologically advanced, and customisable regulatory technology applications, we pride ourselves for being the pioneers in RegTech and Fintech. Our core offering – WiseBOS Suite, is a revolutionary fully integrated business aligned solution, designed to help manage risk, carry out customer due diligence and follow the best security standards, easily adaptable to the ever-changing business needs of companies. EU headquartered in Cyprus, eBOS operates within a network of representative offices closely collaborating with strategic partners in the rest of Europe, in the MENA region and in the USA.
At ECOMMBX we specialize in B2B e-account management, cross-border payments, and competitive currency conversions. To ensure the most cost-effective and efficient execution of all your e-banking transactions, our innovative serving model is based on four cornerstones: Advanced technology that connects to the global banking industry, customized connections with banking partners around the world, stringent security, and maximum speed. The result is satisfied customers that rely on us for top-notch service.
Infocredit Group has been a leading provider of business intelligence and risk management solutions for more than 50 years. It offers high-quality flexible solutions, ranging from Regulatory Compliance to Credit Risk Management, Debt Recovery, Call Centre Services, Training, ESG Advisory and Consulting and Digital Marketing. With a focus on the global shift towards transparency, it aims to empower businesses and to protect them from risky scenarios and transactions by verifying identity, prevent fraud, secure commerce and to comply with local and international AML and CFT laws. Through its exclusive strategic partnership with LexisNexis Risk Solutions (part of RELX Group, global provider of business analytics), it offers superior solutions including industry’s leading “WorldCompliance” Data which entails more than 2.5 million detailed profiles linked to more than 50 risk categories (i.e. sanctions, money-laundering, PEPs), Adverse media, Wanted Individuals and State-Owned Entities. www.infocredigroup.com
A global leader in the field of Regulatory Technology, iSPIRAL’s award-winning Solutions are tailor-made to resolve all your Fraud, KYC, AML, Governance-Risk, and Compliance challenges. Renowned in the Finance Industry, our one-stop software comprehensively addresses the compliance objectives and obligations set by worldwide regulators. Through the expert use of machine-learning technology, real-time activity monitoring, global partnerships, and data analysis, iSPIRAL ensures your organisation consistently delivers exceptional services to your clients around the world. www.i-spiral.com
MAP S.Platis is a leading financial services consulting Group with clients that include regulators, banks, funds and fund managers, investment firms, brokers, fintech firms, insurance firms and payment and electronic money institutions. Our expert team, currently comprising over 400 high-calibre professionals, provides unique and tailored solutions in licensing, regulatory compliance, risk management, internal audit, human resources, regulatory technology, information technology, business resilience, information security including cybersecurity, governance, executive training and innovation consulting to financial and other firms in the UK, Cyprus and the EU. www.mapsplatis.com
Prospectacy provides personal and corporate financial services that will help you make the most of the ever-shifting global economy. Whether you are considering investing or looking for advice to organise and manage your personal wealth portfolio, our dedicated team of professionals can help you gain a competitive edge. Our proficiency includes personal and corporate taxation issues, property management, trust and inheritance planning and implementation, and a variety of corporate services that can help you run your business, locally and internationally. If you are looking for a knowledgeable and professional partner that offers a comprehensive set of services, look no further than Prospectacy LTD.
IMH is a leading Corporate Events and Media organization operating in the Knowledge and Information Economy. It provides products and services based on content, intelligence and connections to specialist audiences. IMH services include the organization of conferences, summits, client events, exhibitions, business, and mainstream media. Every year, IMH organizes more than 200 corporate events in physical, hybrid and online form: Conferences and Exhibitions on all market sectors, Investment summits and road shows in Cyprus and abroad, Client Conferences and other corporate events, Business award ceremonies. Our corporate events provide the biggest networking, business development, knowledge providing and career advancement opportunities in Cyprus. IMH media department operates, publishes and distributes: IN Business, the leading monthly business magazine in Cyprus, GOLD, the leading English-language monthly business Magazine in Cyprus, IN Business Portal (www.inbusinessnews.com), GOLD Portal (www.goldnews.com.cy), Over 40 annual business catalogues, supplements and directories, Reporter (www.reporter.com.cy), one of the most visited multi-thematic news portal in Cyprus. IMH recently acquired Super FM, the leading music radio station in Cyprus.
ACCA is the Association of Chartered Certified Accountants. We’re a thriving global community of 233,000 members and 536,000 future members based in 178 countries and regions that upholds the highest professional and ethical values. We believe that accountancy is a cornerstone profession of society that supports both public and private sectors. That’s why we’re committed to the development of a strong global accountancy profession and the many benefits that this brings to society and individuals. Since 1904 being a force for public good has been embedded in our purpose. And because we’re a not-for-profit organisation, we build a sustainable global profession by re-investing our surplus to deliver member value and develop the profession for the next generation. Find out more about us at accaglobal.com
The International Compliance Professionals Association (ICPA) is a non-profit global trade compliance community with over 3,000 members worldwide. Our mission is to serve the needs of professionals engaged in international trade compliance. We host educational conferences in the U.S., Canada, Europe and Asia covering import, export, supply chain and more. Our library is a great resource for information on industry-related topics as well as our Question-and-Answer Database. Membership is complimentary the first year to regular individual members. To find out more visit icpainc.org
ICAEW is a world leading professional body of Chartered Accountants with 189,500 members and students. ICAEW Chartered Accountants are talented, ethical and committed professionals, which is why all of the top 100 Global Brands employ chartered accountants. We attract talented individuals into the profession and give them the skills and values they need to build resilient businesses, economies and societies, while ensuring our planet’s resources are managed sustainably. The collective skills of our membership are the reason we believe that chartered accountancy can be a force for positive changes, which can help to create strong and sustainable economies.
The ILN is a non-exclusive network of high-quality mid-sized law firms, which operates to create a global platform for the provision of legal services, particularly for clients with international needs. With a presence in 67 countries, it is exceptionally well placed to offer seamless legal services, often of a cross-border nature from like-minded and quality legal practices. Today, the ILN remains at the very forefront of legal networks in its reach, capability, and depth of expertise.
Being one of the 190+ chapters of the Association of Certified Fraud Examiners (ACFE), the Cyprus Chapter of the ACFE is an anti-fraud organization that serves professionals, students and communities in Cyprus. The objec¬tive of the Cyprus Chapter of the ACFE is to promote improved fraud detection and deterrence. This is achieved through enhancement of knowledge, promotion of networking opportunities and support for its members and the business, academic and government community.
Through its representation of ten member banks, that hold more than 90% market share and provide a full range of banking services, the Association of Cyprus Banks (ACB) is the voice of the Cyprus banking system. Its primary aim is to promote best practices for the interest of the banking sector and the local economy as a whole. The ACB is a non-profit organization through which common positions are formulated and promoted on banking and financial issues, when local legislative and governmental policies are determined.
Cyprus Bar Association is the professional body of lawyers with 4273 members. Cyprus Bar Association was established under the Advocates Law Chapter 2 in 1960 and it has been operating since then. It is the Regulatory Body and among its powers is to maintain the honour and independence of the Bar and its defence in relation to the judiciary and the executive and to regulate the practice and etiquette of the profession. It is the competent authority for lawyers under Cyprus legislation in accordance with section 59 (4) of the Prevention and Suppression of Money Laundering of Money Laundering Activities Law of 2007 (L. 188 (I)/2007) as amended. Cyprus Bar Association is a member of the Council of the European Bar Association (CCBE) and a member of the International Bar Association (IBA).
The Cyprus Integrity Forum (CIF) was initiated in 2010, registered in the year 2011, and is today the leading institution in Cyprus for the fight against corruption and promotion of transparency. It is an independent, non-governmental, non-politically partisan, and non-profit organization. CIF collaborates with various organisations in Cyprus, Europe, and the USA. We effectively raise public awareness in all layers of society for combating corruption in our everyday lives. We aim to enhance the content and quality of public and corporate governance in all forms of business and ensure that the State and all Governmental Bodies act and behave in a manner that promotes transparency and ethics in all respects.
Created in 2003, CFA Society Cyprus is dedicated to professional excellence, integrity, education, volunteer service and strength of community. CFA Society Cyprus has over 200 Members representing all major banks and investment firms in Cyprus. The CFA Society Cyprus Members have earned the Chartered Financial Analyst (CFA) designation. Awarded only to a select group of investment specialists, the CFA charter requires its candidates to master a rigorous curriculum including investment valuation, portfolio management, asset allocation, economic and market analysis and ethical practices. CFA Society Cyprus is a local Society for CFA Institute, Charlottesville, Virginia and a Member of the CFA Institute Global Network of Societies. www.cfainstitute.org
The Cyprus Fiduciary Association (CYFA), established in 2011, is the representative body of regulated Administrative Service Providers (ASP’s) in Cyprus. With a vision to assist in forming a solid international business sector in Cyprus operating on high professional standards, ethics and integrity, the Association aims to serve industry providers by promoting their interests, raising sector awareness, supporting their operations, contributing to new legislations and delivering valuable training to professionals. The Association’s commitment to its purpose has established it among the most reputable and recognised organisations within the country, before public and regulatory authorities, other associations, as well as the business community in Cyprus and overseas.
The Institute of Certified Public Accountants of Cyprus (ICPAC), established in 1961, is the professional body for the accountancy profession in Cyprus, currently tallying more than 5.200 members and 3.500 students. It provides the organisational framework for all professional accountants, supports and promotes the activities and interests of the accountancy profession, safeguards the reputation of the profession and ensures adherence to the Code of Ethics and the continuous professional development of the members. Furthermore, ICPAC is a competent authority and has been delegated the relevant tasks under the Law for the regulation of the audit profession, for Anti-Money Laundering purposes, for the provision of administrative and insolvency services. ICPAC is a key and active stakeholder in the economic affairs and development of the country, cooperating with the government, the private and public sector.
The Cyprus Institute of Internal Auditors was founded in 1998. Today it has more than 550 members and is governed by an elected Board of Directors of 10 members, which is supported by four Committees. The vision of the Cyprus Institute of Internal Auditors is to be the fundamental institution that represents, promotes and upgrades the Internal Audit profession in Cyprus. Its mission is the continuous promotion and recognition of the profession, as well as the enrichment of its members’ knowledge and skills by providing relevant educational and training courses.
Businesses and individuals considering investment into Cyprus have a partner on the ground at all stages of the investment cycle. Invest Cyprus is the government’s dedicated partner responsible for attracting and facilitating Foreign Direct Investment (FDI) in key economic sectors. Being the lead agent in establishing Cyprus as a world-class investment destination, Invest Cyprus proactively promotes the enhancement of the country’s competitive environment, advocating reform and maximising FDI, for the economic and social benefit of Cyprus. In close collaboration with all government authorities, public institutions and the private sector, Invest Cyprus is the investor’s first point of contact. Invest Cyprus is a member of the World Association of Investment Promotion Agencies (WAIPA) and the Mediterranean Investment Network, ANIMA.
GOLD magazine was founded in 2011 as the first English-language business monthly in Cyprus. Today, it is not only synonymous with the promotion of good business practices but it has a unique and valuable readership of High Net Worth Individuals, international company executives, English-speaking Cypriot and non-Cypriot businessmen and women. GOLD provides a comprehensive and informed overview of the local business scene, the economy, and the market and has gained a reputation for its in-depth articles and revealing interviews with key local and international personalities. www.goldnews.com.cy
IN Business magazine has a monthly readership of over 89,000. It is the only monthly business magazine in Cyprus that provides a comprehensive overview of all segments of the economy, from retail to services, as well as reporting on new deals, presenting new faces and, generally, looking at everything that’s happening on the local business scene. IN Business has always been a pioneer in local business journalism, thanks to its in-depth analysis and research, often backed by previously unpublished facts and figures. www.inbusinessnews.com
Petros is responsible for the scientific content and the general management of the event. If you have any content-related or other queries, you can contact him on +357 22505663 or via email at petros.ioannides@imhbusiness.
Mikaela is responsible for the marketing and promotion of this event. If you have any marketing-related questions or suggestions, you can contact her on +357 22505551 or via email at Mikaela.Ttakka@imhbusiness.com.