Skip to main content

Francisco Porta Ugalde, Graduate in Business Administration (CUNEF) and MBA from Manchester Business School (MBS; 2 years full time program)

(Mr.)

Partner Deloitte spain | Financial Crime & Forensic

Madrid, ES

Francisco joined Deloitte at the end of 2015 as part of the audit and consulting practice for the financial services industry. In 2000 he began to specialize in the field of compliance and the prevention of money laundering and terrorism financing at the international and national arenas and within the private and public sectors, working for clients such as Spanish Government, European Commission, Banco Santander, BBVA, FATF, CaixaBank, Banco Sabadell, among others. He is currently Deloitte’s partner in charge of Financial Crime and Forensic Services and Coleader of the Deloitte AMLA Center of Competence.

Major projects

  • Those within the International Cooperation, Analysis & Financial Intelligence, IT and Supervision areas in the Spanish FIU (Sepblac) as employee of the Spanish Central Bank.
  • Those within several working groups at the international level such as OCDE, Basel, FATF, Egmont Group, European Commission, FIU-Net, etc. and at the national level such as The Spanish Financial Intelligence Committee, Spanish AML/TF Commission, etc.
  • Country Mutual Evaluation reviews and working group for the elaboration of the FATF Recommendation's and its methodologies, as well as technical assistance to different FIUs. Member of the Spanish Financial Intelligence Committee in charge of the NRA elaboration.
  • Advance AML/TF software implementation within the financial industry and LEAs (correspondent banking, trade surveillance, private banking, retail banking, stocks markets, etc. Additionally, elaboration of gaps analysis, remedy plans, methodologies, case managers, etc.).
  • Development and implementation of operational risk or non-financial risk frameworks within the financial industry: including the definition of TOMs and advance metrics from a quantitative and qualitative perspective linked to a unique Risk Taxonomy and the development of a Non-Financial Risks framework, the CCO Governance structure and the 3 LoD. Validation of capital impacts.
  • AML/TF & Forensic Services (including fraud) within the financial industry as well as other sectors (real estate, utilities, assurance, import & export, etc.) including the elaboration of procedures, policies, relationship models, RACIs, frameworks… and reports for internal and judicial procedures.

Other relevant information

  • Chair of the FATF Typologies Project regarding “Money Laundering and Terrorist Financing Through the Real Estate Sector”.
  • Chair within the Spanish FIU of the correspondent banking industry in both typologies /analysis and supervisions done in the main Spanish financial entities and their impact into the conduct and culture perspective for the prudential supervisor.
  • Instructor/speaker at various seminars and conferences on AML/TF and Non-Financial Risks issues including correspondent banking monographies within the national and international spheres: Spanish Tax and Customs Agency, Bank of Spain, European Central Bank, EBA, Spanish Prosecutors Office against Corruption and Organised Crime, GAFISUD, Spanish High Court, FIUs Technical Assistance…
  • Equally, he has received training related to these matters by national and international organisms: Bank of Spain, Spanish CITCO, Spanish National Police, FATF, Egmont Group.

Market: Deloitte Spain