Mr Nick Matthews This is Me

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1. 1. IMLPO

   www.imlpo.com/conference/speak - [Cached]

   Published on: 4/14/2006   Last Visited: 4/14/2006

   Nick Matthews, a principal in Deloitte's Forensics and Dispute Services practice, specialises in financial crime and counter-money laundering service. He has worked on numerous investigations and anti-money laundering assignments in the UK and abroad. His main role is to advise clients, in the financial and non-financial sector, on money laundering-related issues. He has also written articles and presented at various seminars on money laundering and fraud. Nick joined Deloitte in 1990, and qualified as a Chartered Accountant in 1993. He joined London's Forensic practice in 1996, after an 18 month secondment to Deloitte's Los Angeles office.

2. 2. www.reliancesecurity.co.uk

   www.reliancesecurity.co.uk/new - [Cached]

   Published on: 2/4/2004   Last Visited: 12/22/2007

   This was the key message delivered recently at a Financial Services seminar by Nick Matthews, a Director in the Forensic & Dispute Consulting practice at Deloitte, who also pointed out that regulations governing money laundering will be extended to professional services organisations interfacing with the financial sector later this year.
   
   Speaking at the event, organised by Reliance Security Services, Mr Matthews warned that unless financial organisations and those companies ‘conducting peripheral gatekeeper activities' implement systems to mitigate the risk of money laundering, they will endanger their companies' reputations, put their employees at risk and risk breaching the regulations. "If you are working within the regulated sector you must mitigate these risks or else you are in danger of falling foul of the regulations. You must ensure that you have the systems in place now in order to identify and deal with money laundering risk," he said. He added that four leading banks have recently been fined for not having the appropriate systems in place - even though there were no suspicions of money laundering itself.
   
   Describing the key components of an effective anti-money laundering regime, Mr Matthews explained that it is vital for financial organisations to know who they are dealing with, develop expectations of individuals' behaviour, be vigilant and aware of their activities and know what actions they need to take should they be suspicious of a breach of integrity.
   
   In order for this regime to work, there must be an established line of authority - someone who can take responsibility for countering money laundering and ensuring the effectiveness of the systems in place. Mr Matthews also called for employee training programmes that can persuade all relevant parties of the need to be vigilant and well informed of the appropriate actions to follow should they be suspicious of an individual's behaviour. At the same time, an efficient anti-money laundering system must ensure that processes are in place to collate valuable information, which can be put forward and used as evidence at a later date.
   
   Turning to the security industry, Mr Matthews argued that shared objectives to maintain an organisation's integrity and security, put the security industry in a very good position to join the fight against money laundering. He pointed out that security personnel's key function of mitigating an organisation's risk and protecting personnel, coupled with the invaluable knowledge they hold about an organisation's people and their activities, could be put to good use identifying cases of money laundering. "The concerns of an anti-money laundering regime and ensuring security are very closely linked and the key objectives of both parties are shared. This makes security professionals ideal partners in the fight against money laundering," he said.

3. 3. Reliance Security Group - News & Events - Press Releases - Group

   www.reliancesecurity.co.uk/new - [Cached]

   Published on: 2/4/2004   Last Visited: 12/22/2007

   This was the key message delivered recently at a Financial Services seminar by Nick Matthews, a Director in the Forensic & Dispute Consulting practice at Deloitte, who also pointed out that regulations governing money laundering will be extended to professional services organisations interfacing with the financial sector later this year.
   
   Speaking at the event, organised by Reliance Security Services, Mr Matthews warned that unless financial organisations and those companies ‘conducting peripheral gatekeeper activities' implement systems to mitigate the risk of money laundering, they will endanger their companies' reputations, put their employees at risk and risk breaching the regulations. "If you are working within the regulated sector you must mitigate these risks or else you are in danger of falling foul of the regulations. You must ensure that you have the systems in place now in order to identify and deal with money laundering risk," he said. He added that four leading banks have recently been fined for not having the appropriate systems in place - even though there were no suspicions of money laundering itself.
   
   Describing the key components of an effective anti-money laundering regime, Mr Matthews explained that it is vital for financial organisations to know who they are dealing with, develop expectations of individuals' behaviour, be vigilant and aware of their activities and know what actions they need to take should they be suspicious of a breach of integrity.
   
   In order for this regime to work, there must be an established line of authority - someone who can take responsibility for countering money laundering and ensuring the effectiveness of the systems in place. Mr Matthews also called for employee training programmes that can persuade all relevant parties of the need to be vigilant and well informed of the appropriate actions to follow should they be suspicious of an individual's behaviour. At the same time, an efficient anti-money laundering system must ensure that processes are in place to collate valuable information, which can be put forward and used as evidence at a later date.
   
   Turning to the security industry, Mr Matthews argued that shared objectives to maintain an organisation's integrity and security, put the security industry in a very good position to join the fight against money laundering. He pointed out that security personnel's key function of mitigating an organisation's risk and protecting personnel, coupled with the invaluable knowledge they hold about an organisation's people and their activities, could be put to good use identifying cases of money laundering. "The concerns of an anti-money laundering regime and ensuring security are very closely linked and the key objectives of both parties are shared. This makes security professionals ideal partners in the fight against money laundering," he said.