www.moneylaundering.com.au is run by experts in financial crime detection, prevention and systems & controls. This site was founded by Peter Oakes, an internationally renowned expert in enforcement and financial crime. Peter is a lawyer (admitted Australia, UK and Ireland). See Peter’s linkedin profile, follow him on twitter at @Oakeslaw and visit www.peteroakes.com.au*
During his 25 years of commercial and financial crime experience, Peter was the first Director of Enforcement and Financial Crime at the Central Bank of Ireland, building the directorate from scratch. Peter took up the role of Director in October 2010 following the global financial crisis and as part of the mission to reform the Irish central banking and financial regulation authority. This mission also involved leading investigations into the financial institutions and their senior management for their part in the Irish financial crisis and modernising the Central Bank's supervisory, investigative and enforcement approach. Peter stepped down from the role in 2013 having delivered on his key objectives. In addition to directorial responsibility for more than 100 investigations and 30 successfully concluded enforcement cases, Peter Oakes was the Director responsible for anti-money laundering, sanctions & unauthorised trading supervision and enforcement. He successfully concluded Ireland’s first regulatory enforcement cases for money laundering (UBS International Life and Community Credit Union) and gave a number of presentations and speeches on money laundering to assist industry participants implement their obligations (Compliance Officers’ speech and Enforcement Conference speech).
Peter has advised many leading international financial firms on financial crime risk, including leading precedent round-table financial risk presentations to boards of European systemically important banks ahead of European central bank supervisory inspections. Peter has trained, and presented, to more than 5,000 GRC professionals, ranging from Chairmen to front-line staff, on implementing robust financial crime controls and has attended meetings, as Ireland's representative, at the Financial Action Task Force (FATF) and Organization for Security and Cooperation in Europe (OSCE) with the Minister of State.
Since leaving his high-level regulatory post Peter has continued his work in strategy and financial services globally. With businesses located in Europe and Australia, Peter advises a vast range of private sector and government agencies across the globe. During 2014 Peter advised the Governor and Deputy Governor of a G20 central bank based in the Gulf Co-operative Council and has discussed strategic priorities with other international regulators and monetary authorities. In his role of non-executive director Peter has combined board experience (past and present) in funds management, payments technology and re-insurance.
Previously Peter owned and operated (2004-2010) one of Ireland’s first regulatory affairs firms dedicated to governance, risk and compliance until he left when asked to join the Central Bank. He has worked as an Enforcement Lawyer at the former Financial Services Authority (now FCA) and the Australian Securities Commission (now ASIC). While working in the private industry Peter held senior management positions at fund managers and administrators in legal and compliance (including being the regulated compliance officer and MLRO). In addition Peter Oakes is an experienced non-executive director of institutions involved in funds management, funds administration, re-insurance and financial technology. To learn more about how Peter Oakes may be able to serve on your board, please CLICK HERE. Please note that Peter generally only serves on the Board of regulated financial services and digital asset firms seeking a strong, internationally experienced, business savvy, credible and pragmatic board director.
*Note www.peteroakes.com.au and www.peteroakes.eu point you to www.peteroakes.com (if not, let me know by email at peter AT peteroakes.com - replace AT with @ of course)
During his 25 years of commercial and financial crime experience, Peter was the first Director of Enforcement and Financial Crime at the Central Bank of Ireland, building the directorate from scratch. Peter took up the role of Director in October 2010 following the global financial crisis and as part of the mission to reform the Irish central banking and financial regulation authority. This mission also involved leading investigations into the financial institutions and their senior management for their part in the Irish financial crisis and modernising the Central Bank's supervisory, investigative and enforcement approach. Peter stepped down from the role in 2013 having delivered on his key objectives. In addition to directorial responsibility for more than 100 investigations and 30 successfully concluded enforcement cases, Peter Oakes was the Director responsible for anti-money laundering, sanctions & unauthorised trading supervision and enforcement. He successfully concluded Ireland’s first regulatory enforcement cases for money laundering (UBS International Life and Community Credit Union) and gave a number of presentations and speeches on money laundering to assist industry participants implement their obligations (Compliance Officers’ speech and Enforcement Conference speech).
Peter has advised many leading international financial firms on financial crime risk, including leading precedent round-table financial risk presentations to boards of European systemically important banks ahead of European central bank supervisory inspections. Peter has trained, and presented, to more than 5,000 GRC professionals, ranging from Chairmen to front-line staff, on implementing robust financial crime controls and has attended meetings, as Ireland's representative, at the Financial Action Task Force (FATF) and Organization for Security and Cooperation in Europe (OSCE) with the Minister of State.
Since leaving his high-level regulatory post Peter has continued his work in strategy and financial services globally. With businesses located in Europe and Australia, Peter advises a vast range of private sector and government agencies across the globe. During 2014 Peter advised the Governor and Deputy Governor of a G20 central bank based in the Gulf Co-operative Council and has discussed strategic priorities with other international regulators and monetary authorities. In his role of non-executive director Peter has combined board experience (past and present) in funds management, payments technology and re-insurance.
Previously Peter owned and operated (2004-2010) one of Ireland’s first regulatory affairs firms dedicated to governance, risk and compliance until he left when asked to join the Central Bank. He has worked as an Enforcement Lawyer at the former Financial Services Authority (now FCA) and the Australian Securities Commission (now ASIC). While working in the private industry Peter held senior management positions at fund managers and administrators in legal and compliance (including being the regulated compliance officer and MLRO). In addition Peter Oakes is an experienced non-executive director of institutions involved in funds management, funds administration, re-insurance and financial technology. To learn more about how Peter Oakes may be able to serve on your board, please CLICK HERE. Please note that Peter generally only serves on the Board of regulated financial services and digital asset firms seeking a strong, internationally experienced, business savvy, credible and pragmatic board director.
*Note www.peteroakes.com.au and www.peteroakes.eu point you to www.peteroakes.com (if not, let me know by email at peter AT peteroakes.com - replace AT with @ of course)