Money Laundering Directive (MLD4) & Beneficial Ownership Register/Matheson Breakfast Briefing
In collaboration with Matheson, we are hosting a breakfast briefing on MLD4 & the Beneficial Ownership Register on 28 February.
MLD4 is currently due for transposition into Irish law on 26 June 2017. “Beneficial ownership” in MLD4 differs significantly from the commonly-used and understood concept of “beneficial ownership” in company law.
The briefing will cover:
• the key provisions of the Fourth Money Laundering Directive and the impact it is likely to have on firms which are required to comply with it; and
• the key issues arising out of the new anti-money laundering regulations in relation to the beneficial ownership of corporate entities.”
This briefing will be of interest to in-house lawyers, compliance officers, anti-money laundering officers and others who are responsible for ensuring compliance with anti-money laundering rules within their firms.
DATE: 28 February, 2017
FORMAT: 1 hour breakfast briefing including Q&A
SCHEDULE: Registration and light breakfast refreshments: 07:30 am – 08:00am
PROGRAMME: 08:00am – 09:00am
VENUE: Matheson offices, 70 Sir John Rogerson’s Quay, Dublin 2
Darren Maher, Partner, Financial Institutions Group at Matheson.
Tim Scanlon, Head of the Corporate and Commercial Department at Matheson
Joe Beashel, Partner, Financial Institutions Group and Head of the Regulatory Risk Management and Compliance team at Matheson.
Registration is via our online registration platform, click here.
If you require further information, please contact firstname.lastname@example.org
Registration: will be open from 07:30, with the session starting at 08:00 sharp, to finish at 09:00.
Light breakfast refreshments will be available on arrival and before the session starts.
*This is an Insurance Ireland/DIMA member event.
Darren Maher is a partner in the Financial Institutions Group at Matheson. He has advised a wide range of leading domestic and international financial institutions on all aspects of financial services law and regulation including establishment and authorisation, development and distribution of products, compliance, corporate governance and re-organisations including cross-border mergers, schemes of arrangement, portfolio transfers and mergers and acquisitions.
Darren is a member of the firm’s Brexit Advisory Group and is advising a significant number of the world’s leading financial services firms on their plans to establish a regulated subsidiary in Ireland in order to maintain access to the EU single market following the UK’s exit from the EU.
Darren has published articles in financial services publications and is co-author of the Irish chapter of PLC’s Cross-border Insurance and Reinsurance Handbook and of ICLG’s Guide to Insurance and Reinsurance.
Darren lectures at the Law Society of Ireland and the Insurance Institute of Ireland.
Tim Scanlon is head of the Corporate and Commercial Department at Matheson and also leads the firm’s Financial Institutions Group. Tim is a highly experienced lawyer who has advised on many of the largest transactions which have taken place in Ireland. In particular, he has advised on public takeovers, private acquisitions and disposals and the restructuring and reorganisation of Irish and international corporates (including leading financial institutions). Tim has lectured extensively on corporate finance and securities law.
Joe Beashel is a partner in the Financial Institutions Group and is head of the Regulatory Risk Management and Compliance team at Matheson. Joe assists clients with the authorisation of new entities by the Central Bank of Ireland including banks, MiFID / investment firms, fund services providers, alternative investment fund managers, payment institutions, retail credit firms and others. He also assists in expanding the regulatory authorisations of existing entities. Drawing on his extensive industry experience, Joe provides practical advice and assistance to boards of directors, senior management, in-house counsel and compliance officers in relation to the impact of new regulation. He assists clients in the effective and timely implementation of any required changes and works to provide a robust assurance that implementation meets legal requirements. Joe and his team assist clients to carry out reviews of their process and procedures covering issues such as anti-money laundering, MiFID suitability, client assets requirements. He assists clients prepare for reviews by the Central Bank notably “PRISM” reviews which have become increasingly common.
When issues arise he assists clients in assessing the legal and regulatory impact and helps develop remediation plans. Where the Central Bank initiates its administrative sanctions process he works with clients to minimise the impact of any sanction imposed. He also helps clients who are dealing with complaints to the Financial Services Ombudsman to ensure the most favourable outcome possible.