This event has now taken place but you can watch the video recording of it through our Youtube Channel, get to it by clicking the button below
When
Thursday, September 30th from 6pm to 8pm UK time"Where
Online symposium via Zoom.Format
There'll be a great line-up of speakers plus ample scope for discussion and debate.Why you should attend
Why you should attend
Speaking in 2016, anti-mafia journalist Roberto Saviano said British financial services made the UK the most corrupt nation, and he went on to provide a well-considered and evidence-based account to justify that statement. In our opinion, that is, or at least should be, a great concern for every right-minded citizen in the UK.
But dirty money isn’t just a UK problem of course, it’s a global issue. In February 2021, the Center for American Progress commented, when publishing the Report that inspired this event that:
Transparency and honest government are the lifeblood of democracy. Trust in democratic institutions depends on the integrity of public servants, who are expected to put the common good before their own interests and faithfully observe the law. When officials violate that duty, democracy is at risk.
No country is immune to corruption. As representatives of three important democratic societies—the United States, the European Union, and the United Kingdom—we recognize that corruption is an affront to our shared values, one that threatens the resiliency and cohesion of democratic governments around the globe and undermines the relationship between the state and its citizens. For that reason, we welcome the central recommendation of this report that the world’s democracies should work together to increase transparency in the global economy and limit the pernicious influence of corruption, kleptocracy, and illicit finance on democratic institutions.
That sentiment is very much in keeping with the aims, objectives and values of the Transparency Task Force and there can be no doubt that this is a matter of off-the-scale importance.
But what can we do?
Well, we could choose to ignore the problem altogether, or we can try to do something – we can choose to stand up, not stand by. And when the Transparency Task Force tries to do something we go to first principles i.e. our fundamental belief that Justice Louis Brandeis was spot-on, right back in 1914 when he wrote “Sunlight is said to be the best of disinfectants; electric light the best policeman” in his remarkably insightful and revealing book, “Other People’s Money and How the Bankers Use It.”
So this event is our attempt to do our little bit to shine a light on the terrible problem of the dirty money that is contaminating the world’s financial ecosystem, and we are doing it by bringing together a stellar line-up of speakers who will explain the problem of corruption in our financial system and how we must create a robust investigation and enforcement framework to defeat the crooked and corrupt.
You’ll be hearing from people well worth listening to, people who are happy to share their insights and experiences on a matter of grave importance:
- Lord Prem Sikka, Professor of Accounting and Finance at Sheffield University who might just touch on The Sandstorm Report
- Baroness Bennett of Manor Castle, the Green Party Peer
- Che Sidanius, Global head of Financial Crime & Industry Affairs at Refinitiv
- Duncan Hames, Director of Policy at Transparency International
This is a not-to-be missed event that will raise awkward questions and inconvenient truths about the banking sector in the UK and overseas.
For example, consider what this data shows; and what about this data; and this; and this; and of course let’s not forget about this.
Here's the programme and timings so far...
—————————————-6:00pm BST—————————————-
Welcome to the symposium, introductions and initial exploration of the main issues; by
Andy Agathangelou
Founder, Transparency Task Force; Governor, Pensions Policy Institute; Chair, Secretariat Committee, APPG on Pension Scams; Chair, Secretariat Committee, APPG on Personal Banking and Fairer Financial Services; Chair of the Violation Tracker UK Advisory Board
—————————————-6:05pm BST—————————————-
Presentation #1, for 20 minutes + 5 minutes Q&A/Discussion by
Lord Sikka
Professor of Accounting and Finance, University of Sheffield
—————————————-6:30pm BST—————————————-
Presentation #2, for 15 minutes + 5 minutes Q&A/Discussion by
Baroness Bennett of Manor Castle
Green Party Life Peer, House Of Lords
—————————————-6:50pm BST—————————————-
Presentation #3, for 15 minutes + 5 minutes Q&A/Discussion by
Che Sidanius
Global Head of Financial Crime & Industry Affairs, Refinitiv
—————————————-7:10pm BST—————————————-
Presentation #4, for 15 minutes + 5 minutes Q&A/Discussion by
Duncan Hames
Director of Policy, Transparency International UK
—————————————-7:30pm BST—————————————-
Presentation #5, for 5 minutes by
Anthony Stansfeld
Retired Police and Crime Commissioner for Thames Valley
—————————————-7:35pm BST—————————————-
The “Just a minute”-round
Inspired by the BBC Radio 4 programme, we have asked a selection of our attendees to spend just a minute sharing their thoughts on what has been covered during the symposium. But unlike the Radio 4 programme our speakers won’t be penalised for hesitation, repetition or deviation!
Speakers:
Andrew Kaye
CEO, Transpact.com
—————————————-7:40pm BST—————————————-
General discussion and debate, 15 minutes
—————————————-7:55pm BST—————————————-
Final conclusions; and suggested next steps and close to the formal proceedings.
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*The programme will continuously evolve so is subject to change.
Lord Sikka
Professor of Accounting and Finance, University of Sheffield
Prem Sikka is a member of the UK House of Lords, Professor of Accounting and Finance at the University of Sheffield and Emeritus Professor of Accounting at the University of Essex. Prem’s research on accounting, auditing, tax avoidance, tax havens, corruption, corporate governance, money laundering, insolvency and business affairs has been published in major international scholarly journals, books, newspapers and magazines.
He has appeared on domestic and international radio and television programmes to comment on business matters.
He has advised and given evidence to a number of UK and EU parliamentary committees. Most recently, he advised the UK House of Commons Work and Pensions Committee for its investigation into the collapse of BHS and Carillion.
Prem is one of the few UK accounting academics to be honoured for his research by both the UK and the US academy. In 2006, he received the “Accounting Exemplar Award” from American Accounting Association (AAA). In 2014, he received the “Lifetime Achievement Award” from the British Accounting & Finance Association (BAFA). In 2008, he received “Working for Justice” Award from Tax Justice Network; “Lifetime Achievement Award” from PQ Magazine in 2009; and in 2017, the Abraham Briloff Award from The Accountant and The Accounting Bulletin for promoting business transparency and public accountability. In January 2019, Accountancy Age considered him to be one of 50 most influential people in UK accounting
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Baroness Bennett of Manor Castle
Green Party Life Peer, House of Lords
Natalie Bennett was leader of the Green Party of England and Wales from 2012-2016, and became the second Green peer in the House of Lords in 2019. She spent 20 years working as a journalist on three continents, including on the Bangkok Post and as editor of the Guardian Weekly. She campaigns to abolish the City of London Corporation and is now working on tackling the Finance Curse and its disastrous environmental impacts through the Financial Services and National Security and Investment Bills.
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Che Sidanius
Global Head of Financial Crime & Industry Affairs, Refinitiv
Che Sidanius is the Global Head of Financial Crime & Industry Affairs at Refinitiv, an LSEG business. His role is to identify regulatory changes and lead programs of action with the sole purpose of enhancing the fight against financial crime more effective and delivering the best possible outcome for the industry. Together with the World Economic Forum and Europol, he’s the founder of the Global Coalition to Fight Financial Crime. Prior to joining Refinitiv, his work experiences include being a Senior Advisor to the Bank of England’s Financial Stability Directorate and previously a Senior Bank Examiner at the Federal Reserve Bank of NY. His most notable awards included receiving the Presidential Award for managing the 2007-09 Financial Crisis and a driving force behind Refinitiv’s Impact Company of the year award in 2019. Che received his Master’s in International Affairs from the School of Advanced International Studies, Johns Hopkins University and undergraduate degree in Political Science from UC Berkeley in California.
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Duncan Hames
Director of Policy, Transparency International UK
Fighting corruption by day, studying internal audit reports by night… Duncan leads the public policy, business integrity and research teams of Transparency International UK, the British chapter of the worldwide anti-corruption movement. This year, he has additionally joined the RUSI taskforce on a Trans-Atlantic Response to Illicit Finance (TARIF). A chartered management accountant, he also serves as a Non-Executive Director of the South London and Maudsley NHS Foundation Trust, chairing their audit committee.
A former Member of Parliament, in addition to his constituency work, Duncan was the parliamentary aide to the Deputy Prime Minister, Sir Nick Clegg MP. In this role, he attended the Government’s weekly Cabinet, and advised the Deputy Prime Minister on parliamentary aspects of government business and political strategy. He was a board member of the Great Britain China Centre and a member of the Policy Advisory Board of the Social Market Foundation.
Previously a senior management consultant with over 10 years of experience, for 6 years he served on the board of a business-oriented government agency, chairing its audit committee. Duncan was also a Non-Executive Director of the regional cultural consortium for the South West of England, and for eight years served as a governor of local schools in Wiltshire.
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Anthony Stansfeld
Retired Police & Crime Commissioner for Thames Valley
Anthony was elected as Police and Crime Commissioner on 16th November 2012 and stepped down earlier this year.
He was born in Newbury and West Berks has been his home all his life. He is currently a member of West Berks Council, and was a member of the Thames Valley Police Authority for several years before taking over as Chairman of the Performance Committee in 2011.
He has had a career in both the military and in industry. He enlisted in the Army at 17 and joined the Royal Green Jackets where he saw active service in Borneo and Northern Ireland. He learnt to fly helicopters at Middle Wallop and commanded various Army Air Corps Squadrons, including the Army helicopters in the Falkland Islands in the latter half of 1982.
He spent 2 years as Chief of Staff Intelligence in the Far East. On leaving the Army he was Marketing Director, and then, for 6 years, Managing Director of the aircraft company Pilatus Britten Norman, which had aircraft in over 100 countries. At the same time he commanded the Army reserve helicopters as a TA officer.
While in the Army he spent 4 months carrying out the reconnaissance for the crossing of the Darien Gap in Panama and Columbia, and led the first stage of Operation Raleigh, taking young people through the jungles of Honduras and Belize. He was, for 8 years, a trustee of the Thames Valley Air Ambulance.
He has an M.Sc and studied international terrorism and global security in depth at university.
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