SteveElliot

Managing Director – Financial Crime, Fraud & Payments, Huntswood

Steve joined Huntswood in June 2017 as the Director for Financial Crime, Information and Payments.

Key specialisms include Fraud, Money Laundering, Sanctions, Anti-Bribery and Corruption, Information Security, Cyber Security, Operational Controls, Complaints and Payments. Having previously been; 

  • Controls / Operations and Financial Crime Director at a significant Wealth firm (incl. MLRO)
  • Global Chief Security Officer at the world’s largest inspection / certification / testing firm,
  • Financial Crime & Security Director at one of the world’s largest insurers (incl. MLRO)
  • Headquarter Detective at the Hong Kong Police
  • Chairman of industry-wide fraud, AML and security groups.

Steve has operated across a variety of sectors, including; General Insurance, Life Assurance, Wealth Management, Brokers, Internet Banking, Private Banking and Funds, which have resulted in him providing ‘expert’ interviews on national television and supporting the development of global standards on various risk topics. Examples of his achievements include;

  • The establishment of an industry-wide fraud data sharing initiative which led to member firms sharing fraud incident data and a reduction in the risk of fraudsters targeting multiple firms
  • Delivery of global transaction monitoring systems which led to the identification and prevention of cross-sector frauds and money laundering
  • Delivery of a first line governance and control model (all risks), based on internationally recognised standards, enabling consistent risk and control reporting across all business areas
  • Complex investigations and regulatory responses, leading to recovery, prosecution and control remediation