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16-02-2021

Webinar: Anti-Money Laundering: a new Action Plan for Ireland and Europe, Thursday, 25 February 2020

We are delighted to invite you to our next online event that will discuss the fight against money laundering and terrorist financing, and how legislative action at EU level can build greater resilience for Ireland and Europe. This event will be chaired by Frances Fitzgerald MEP and will take place on Thursday 25 February at 12.00 GMT.

Frances Fitzgerald MEP will chair the discussion, and will be joined by the following panel:

  • Sean Berrigan - European Commission, Director-General of DG Financial Stability, Financial Services and Capital Markets Union
  • Billy Kelleher MEP for Ireland South, Member of the Economic and Monetary Affairs Committee
  • Derville Rowland - Director General Financial Conduct, Central Bank of Ireland
  • John O'Driscoll - Assistant Commissioner Organised & Serious Crime, An Garda Siochana
  • Colin Moreland - Head of Treasury and Trade Solutions for Europe at Citibank

Against the background of several major money laundering scandals across the EU in recent years, the deficiencies of the EU’s anti-money laundering Directive have been exposed. Criminals have been able to exploit the freedoms of the EU’s single market as well as the fragmented legislative landscape in Europe which has ultimately allowed for many cross-border loopholes. In response, the European Commission has launched an Action Plan calling for a comprehensive policy at EU level to prevent money laundering and terrorism financing, with the aim of putting in place a single EU supervisory mechanism.

This event will look at how different policies across various EU Member States can be streamlined along with the development of a single EU supervisor, and how this supervisor should operate. The panel will also discuss how Ireland fares on anti-money laundering rules and what it needs to improve.

Speakers' biographies

Frances Fitzgerald MEP

Frances Fitzgerald is a Fine Gael MEP for Dublin City and County. She is a member of the ECON (Economic & Monetary Affairs) Committee, FEMM (Women’s Rights & Gender Equality), Committee and DEVE (Development) Committee. Frances also serves as the lead coordinator for the European People’s Party on FEMM.

Prior to her election to the European Parliament in the 2019 European Elections, Frances served as a Fine Gael Parliamentarian for over 20 years. She served as a Senator and T.D. in Dublin Mid-West (2007-2019) and has previously served as a Fine Gael T.D. in Dublin South East (1992-2002).

She most recently served as Tánaiste (2016-17), one of only four women to have ever held this position. She has also served as Minister for Business, Enterprise & Innovation (2017); Minister for Justice & Equality (2014-17) and was the State’s first Minister for Children & Youth Affairs (2011-14).

Prior to her election to the Dáil, Frances served as Chair of the National Women’s Council of Ireland (1988-92) and Vice President of the European Women’s Lobby

Frances Fitzgerald is a Fine Gael MEP for Dublin City and County. She is a member of the ECON (Economic & Monetary Affairs) Committee, FEMM (Women’s Rights & Gender Equality), Committee and DEVE (Development) Committee. Frances also serves as the lead coordinator for the European People’s Party on FEMM.

Prior to her election to the European Parliament in the 2019 European Elections, Frances served as a Fine Gael Parliamentarian for over 20 years. She served as a Senator and T.D. in Dublin Mid-West (2007-2019) and has previously served as a Fine Gael T.D. in Dublin South East (1992-2002).

She most recently served as Tánaiste (2016-17), one of only four women to have ever held this position. She has also served as Minister for Business, Enterprise & Innovation (2017); Ministerfor Justice & Equality (2014-17) and was the State’s first Minister for Children & Youth Affairs (2011-14).

Prior to her election to the Dáil, Frances served as Chair of the National Women’s Council of Ireland (1988-92) and Vice President of the European Women’s Lobby.

Sean Berrigan

Sean Berrigan is the Director General in DG FISMA (Directorate-General for Financial Stability, Financial Services and Capital Markets Union) of the European Commission.

DG FISMA is responsible for EU-level policy making and legislative initiatives with respect to the financial sector, including Banking Union, Capital Markets Union, sustainable finance, digital finance, anti-money laundering and sanctions. In this context, Sean represents the European Commission on the Economic and Financial Committee and the Financial Services Committee, which report to EU Finance Ministers. He also represents the Commission on the Financial Stability Board, which reports to G20 Finance Ministers. He attends the European Systemic Risk Board and is a permanent observer on the Single Resolution Board.

Sean has been a Commission official since the mid-1980s and has spent most of that time working on financial-sector issues - first in DG ECFIN (where he contributed to macro-financial analysis in general and more specifically to financial-sector aspects of the assistance programmes for Member States) and now in DG FISMA. He worked on preparations for the introduction of the euro in 1999 and was secretary of the so-called Giovannini Group, which produced reports, inter alia, on issues related to euro-denominated debt issues and post-trading in EU securities markets in the early 2000s. In the mid-1990s, he worked for several years with the International Monetary Fund.

Sean has a masters degree in economics from University College Dublin. He is married with two children.

Billy Kelleher, MEP

A former Irish Minister for Trade, Commerce and Industry, Billy was elected to the European Parliament in 2019, representing the people of Ireland South and is head of the Irish delegation in the liberal Renew Europe group. Prior to his election, Billy was his party’s national spokesperson on Business, Enterprise and Innovation and led his party’s work on amending the Constitution with regard to abortion rights.

Serving as a full member of the ECON and FISC committees, Billy is particularly interested in retail financial services, anti-money laundering and consumer rights, the digitalisation and greening of the economy, and macro-economic and taxation policies. In the coming year, Billy will hold the rapporteurship of the Commission's proposal for a Regulation on Digital Operational Resilience, a cornerstone of the Commission's Digital Finance package. Alongside this, Billy is the shadow rapporteur on the Parliament's report on the review of the macroeconomic framework which will consider the necessary adjustments needed to ensure a smooth recovery from the Covid-19 pandemic as well as a transition to a carbon neutral economy.

Additionally, Billy serves as a substitute member of the ENVI committee and a full member of the ANIT committee, as well as a member of the US-EU and substitute member of the ACP-EU delegations.

Derville Rowland

Derville Rowland was appointed Director General, Financial Conduct on 1 September 2017. She is responsible for overseeing consumer protection, securities and markets supervision, and enforcement and AML/CFT. Prior to this appointment, Derville was Director of Enforcement and Anti-Money Laundering, responsible for enforcement of issues across all regulated sectors and the supervision of firms’ compliance with AML and financial sanctions legislation. She joined the Central Bank in 2004 to set up the Administrative Sanctions Procedure and was appointed Head of Enforcement in 2010. Prior to this, Derville worked for the Association of Chartered Certified Accountants as Regulatory Counsel, having previously practised as a barrister in London and the South Eastern Circuit. Derville serves as a member of both the management board and the board of supervisors of the European Securities and Markets Authority (ESMA). Derville is a board member of The International Organisation of Securities Commissions (IOSCO) and is vice-chair of IOSCO’s European Regional Committee.

The Central Bank of Ireland’s role in the global fight against financial crime is driven by its mandate as the competent authority in Ireland for ensuring the effective monitoring of credit and financial institutions’ compliance with their AML/CFT obligations. In this regard, the Central Bank’s Anti-Money Laundering Division is responsible for supervising approximately 10,000 firms across a wide variety of sectors from large retail banks, commercial banks, funds sector to payment remitters and retail intermediaries. In addition to its role as the competent authority for AML/CFT supervision, the Central Bank is deeply integrated in the European and International AML/CFT Supervisory System. The Central Bank is an active participant at the Financial Action Task Force (“FATF”) and sits on the European Banking Authority’s Anti-Money Laundering Standing Committee (the “AMLSC”)

John O'Driscoll

John O’Driscoll is the Assistant Commissioner Organised & Serious Crime since May 2016. A native of Dublin, he has had a long and illustrious career in An Garda Siochana since joining in 1981 with the following career highlights:

1981 Assigned to Fitzgibbon Street, Dublin.

1984 Assigned to a Crime Task Force (CTF) operating within Dublin Metropolitan Area (DMA).

1987 Appointed as detective and served at Fitzgibbon Street, Dublin.

1991 Promoted to sergeant and served at Rathangan, Co. Kildare.

1992 Transferred to Store Street, Dublin and served as sergeant-in-charge of Community Policing.

1993 Assigned role of sergeant-in-charge of Dublin Metropolitan Region (DMR) north-central divisional drug unit.

1998 Promoted to inspector and served at Bridewell, Dublin.

2000 Transferred to newly formed Garda National Immigration Bureau (GNIB), where assigned role of detective inspector-in-charge of Operations.

2002 Promoted to superintendent and served at Swinford, Co. Mayo.

2004 Transferred to Garda National Immigration Bureau (GNIB) where initially as detective superintendent was responsible for border controls and later Operations and Investigations.

(2005 Headed Evaluation & Recovery team that travelled to Thailand for the purpose of recovering remains of deceased Irish nationals who were victims of an East Asia tsunami).

2008 Promoted to chief superintendent and served at Community Relations & Community Policing.

2009 Assigned role of head of bureau at Garda National Immigration Bureau (GNIB).

2014 Assigned role of head of bureau at Garda National Drug Unit (GNDU).

2015 Assigned role of head of bureau at National Bureau of Criminal Investigation(NBCI) and Garda Technical Bureau (GTB)

2016 Promoted to Assistant Commissioner at Organised & Serious Crime. 

 

Colin Moreland

Colin is Head of Treasury and Trade Solutions for Europe. He is based in Citibank Europe Plc, which is headquartered in Ireland and is Citi’s single Pan European bank with operations in 22 countries across the region. In this role he is responsible for leading the development, management, sales and execution of innovative Treasury and Trade Solutions products, aligned to customer needs, across this geography.

As the lead for TTS in the Europe cluster, he is responsible for driving the business strategy, new business development and delivery of the financial plans for TTS in the Cluster as well as for the CEP legal vehicle, in partnership with Coverage, Sales and Product heads.

Colin has over 30 years of experience in Banking and, prior to his current position, he was Treasurer of Citibank Europe Plc and Head of Treasury and Trade Solutions for Ireland, and has held a number of other positions within the firm including Money Markets, Capital Markets, Derivatives and FX sales.

Colin holds a BA in Economics (Hons) and a Masters of Business Studies (MBS) in Banking and Finance and completed his Masters of Business Administration (MBA) from University College Dublin with 1st Class Honours in 2002.

Colin is married with three sons.