The Asian Banker is holding a regional anti-money laundering and compliance conference on 24th November, 2015 in Singapore. This is following last year’s successful event with speakers from International Compliance Association, Interpol, Europol and 150 delegates from all over the APAC region.
The event is designed to bring together regulators, law enforcement officials and compliance practitioners from MNCs, SMEs as well as financial institutions in discussing the best practise examples, technology trends and criminal modus operandi. The topics will go far beyond compliance management and will provide a tangible picture of the situation in Asia, region-specific issues as well as best practises and solutions.
Regional trends and developments:
The conference will kick off on the changing guidelines and regulatory landscape in Asia with regulators from different countries as panellist.
There is significant need to understand the complexity and internationalisation of AML compliance framework, the FATCA and the consequent steps to undertake at intra organisational level and the partnerships that need to be forged. Further topics include discussion on new guidelines on detecting suspicious transactions; reporting requirements and asset freezing. Moreover strengthening customers on board and the techniques involving collection and validation of costumer data will also be considered.
Confirmed speakers:
Jimmy Gurule, Former Under Secretary, Dept. of the Treasury, USA Mohd Zabri Adil B. Talib, Head of Digital Forensics, Cyber Security, Malaysia Dante Fuentes, Vice President & Chief Compliance Officer, Security Bank Corporation Joe Chan, Head Intelligence, Financial Crime and Security Services, DBS, Singapore David E. Vignola, Head of Legal and Compliance, Private Banking Clients, Standard Chartered, Singapore Oonagh Mckinley-Hutchinson, Money Laundering Reporting Officer, China Trust Bank (CTBC), Singapore
Trade Based Money Laundering (TBML), Cyber Crime and Emerging Vulnerabilities:
TBML is becoming a growing concern in consequence of increased trade finance activities, lack of qualified investigators and absence of systems capable of cross-referencing trade. The lack of reliable statistics and standardization with regard to the practice of collection and maintenance of data also facilitate TBML. There are many implications to be discussed for laying the groundwork for a new level of cross border information sharing for international cooperation on audits and enforcement.
Furthermore, we will discuss tools to cope with the complexity of the cyber threat landscape which require high-level technical expertise and large-scale cross-jurisdictional investigations. New technologies such as P2P payments, crowd funding and lending, mobile banking and crypto currencies, eventually have to be “crime proof” against money laundering and fraud risks.
Confirmed speakers:
Christophe Durand, Head of Strategy, Interpol, Singapore Amar Singh, CEO & Founder, Cyber Management Alliance, UK David Moskowitz, Founder, Coin Republic - Bitcoin Brokerage
Specific compliance focus:
In line with understanding the wider picture on how are financial crimes cropping up, the second focus will be on real cases and actual happenings to fortify the line of defence. One of the responses from AML challenges is to strength inter-agency coordination and international cooperation and use advanced analytics in customer identification, verification and risk profiling.
The conference will examine how globally operating enterprises face unprecedented extra-territorial enforcement risks as sanctions against Russia, Syria, and other regimes continue to evolve. We will talk about the latest tools for advanced data analytics for monitoring, reporting, compliance, risk assessment and investigation purpose. To also know which OSINT tools are on the market and how can they exploit hidden data. The forum will engage in an insightful manner about the risks associated with money service businesses (MSBs) as well as Hawala and Other Similar Service Providers (HOSSPs). Further topics include discussing the role of whistle blowing in exposing corruption, fraud, and mismanagement in both public and private organisations to get an overall idea of consequent actions to be undertaken.
And finally the conference will conclude by examining some real financial scandals like LIBOR, FOREX, and Volkswagen and will evaluate the key takeaways from them.
Confirmed speakers:
Leonard Ong, International Vice President, ISACA Amitpal Singh Dhillon, CTO & Founder, A Lion Cyber Solutions Pte Ltd (Established in Singapore) Tom Keatinge, Director, Centre for Financial Crime and Security Studies, The Royal United Services Institute Takeyoshi Imai, Director, Criminal Law Society of Japan Eric R Pesik, Associate General Counsel and compliance officer, Seagate Singapore International Headquarters Pte Ltd
Moderator:
Dione Schick, Head Special Projects, Asia Pacific, International Compliance Association, Singapore
About The Asian Banker
The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The Singapore-based company has offices in Singapore, Malaysia, Hong Kong, Beijing and Dubai as well as representatives in London, New York and San Francisco. It has a business model that revolves around three core business
lines: publications, research services and forums.
The company’s website is www.theasianbanker.com
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For more information please contact:
Divya Balasubramaniam
Senior Executive, Programmes
The Asian Banker
Cell: (+86) 18310832539
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