BAE Systems is proud to be exhibiting at Sibos 2018. Speak to our experts on Stand A21, Exhibition L1.
For nearly 40 years, Sibos has brought financial leaders together to network, collaborate and make sense of changes in the industry and the Sibos conference helps to build an understanding of the forces impacting the financial community via in-depth panel sessions and debates from hundreds of speakers from a range of backgrounds on topics surrounding banking, compliance, securities and technology.
This year’s Sibos conference being held in Sydney has a theme of enabling the digital economy. As the world’s businesses and consumers migrate to the digital economy, banks and financial service providers are making their own transformational journeys, reappraising and reengineering their business models, service offerings and relationships with third parties.
During Sibos You Can Hear From Our Experts:
Speaker Session: A View on the Evolution of FS Cyber Attacks
Robin Oldham, Head of Security Advisory and Technical Services
During this session we will examine the hypothesis that cyber security attacks by Advanced Persistent Threat (APT) actors who have targeted SWIFT members over the past 24 months will evolve from payments and target areas further along the financial services value chain such as market infrastructures, FX and securities. The view has been developed with the participation of SWIFT community members and other relevant parties such as regulators, national banks and SWIFT themselves to validate the hypothesis and establish views on the evolution of the APT cyber threat to the financial services industry. Find more information on the session or to add to your calendar below.
Speaker Session: The Challenges of Uncovering Kleptocracy
Jon Page, Regional Head of Consulting, BAE Systems
Date: Tuesday 23rd October Time: 14:00 – 14:30 Location: Open Theatre 1
Not that long ago, if you were to have said the word ‘Kleptocracy’ at a seminar or presentation, many people in the audience would have shrugged and not understood the topic. However, today almost every financial institution is aware of and struggling to identify transactions that can be linked to Kleptocracy. Kleptocracies are generally associated with dictatorships, oligarchies, military juntas, or other forms of governments in which external oversight is impossible or does not exist. This lack of oversight can cause rulers to treat their country's treasury as a source of personal wealth, spending funds on luxury goods and extravagances as they see fit.
In order to obscure the corrupt origins of their wealth and safeguard it, these dictators, oligarchs, etc. engage in widespread money laundering techniques to secure this wealth in assets and investments, for personal use. Financial Institutions are an essential part of moving these funds in order to make the wealth appear legitimate. In this session, you can learn from Jon Page, Regional Head of Consulting, APAC, BAE Systems, on what Financial Institutions are doing to uncover and report on transactions related to Kleptocracy.
Come and talk to our experts - Request a Meeting
If you like to meet with one of our subject matter experts during Sibos to discuss how we can help you with range of financial and cyber-crime challenges please request a meeting or visit us during Sibos at stand A21, exhibition L1.