Super Early Bird Fee

Register and Pay
by 3 Jul '20

Early Bird Fee

Register and Pay
by 30 Jul '20

Regular Fee

Register and Pay
after 30 Jul '20

$795.00(USD) $895.00(USD) $995.00(USD)

Group Discount!
Enjoy 10% off when you register for 3 or more OR
Register for 5 for the price of 4

IMPORTANT NOTES
  1. Super Early Bird and Early Bird promotion: Discount will only be valid if payment is received by the stipulated date.
  2. Group discount only applies to registrations from the same company, attending the same event in the same country location. Delegates must register at the same time and be of the same billing source. Only a single invoice will be issued.
  3. Only corporate registrations will be accepted.
  4. Bank charges & taxes are to be borne by registrants, if applicable.
  5. Full payment is mandatory upon registration for admission to the event.
  6. Walk-in delegates will only be admitted on the basis of space availability at the event and with immediate full payment.
  7. Fee includes lunch, refreshments and event documentation.
  8. The organiser reserves the right to make any amendments that it deems to be in the interest of the event without any notice.
  9. Information provided will be used for event administration and updates on upcoming events. For more details, please visit: http://www.conferences.com.sg/personal-data-protection-statement/

CANCELLATION & REPLACEMENT

A replacement is allowed if registered participants are unable to attend. For cancellations received in writing before 30 Jul 2020, a full refund will be given with a 10% administrative charge. For cancellations received in writing before 14 Aug 2020, a 50% refund will be given together with the event documentation. There will be no refunds for cancellations received after 14 Aug 2020 or “no show” participants. However participants will receive a copy of the event documentation.

In the event of a cancellation, a refund will be made via the original mode of payment and based on the original amount we received. Refund is made based on the prevailing exchange rate and Pacific Conferences shall not be responsible for any foreign exchange currency losses.

Find out more about our LIVE Webinar: Risk-based Approach to AML & CFT Singapore Edition: 3-4 August 2020

Are your AML/CFT Practices Compliant and Meeting Regulators’ Expectations?

Anti-money laundering (AML) regulation continues to be both a high-profile risk and continually changing area. Regulators across the world are constantly taking decisive, public action against firms and individuals for AML failures, in an effort to combat financial crime. Rapid technological changes, product innovation and criminal methodologies including virtual currencies, blockchain and mobile payments present new opportunities for criminals and a bigger compliance challenge for organisations.

With mounting regulatory requirements and increasingly sophisticated money laundering tactics, proactively detecting red flags and performing effective monitoring can be challenging.

How to obtain accurate documents and information from stakeholders?
How to define the risk appetite and accurately assign client risk ratings?
How to establish robust internal controls whilst balancing against business goals?
How to instil awareness and foster compliance culture amongst staff?

Design a Robust Risk-Based AML/CFT Framework & Eliminate Compliance Gaps

Join this comprehensive 2-day live webinar to hear the necessary building blocks of a risk-based approach. Pick apart key AML/CFT issues and a risk-based approach implementation pain points and how to overcome them. Examine up and coming AML/CFT regulatory requirements and FATF recommendations in Hong Kong and around the region. Discover how to effectively adapt to detect anomalies and identify potential ML/FT risks. Takeaway recommendations on testing the effectiveness of current AML/CFT frameworks and detecting potential loopholes in your internal processes. Understand how to balance business objectives with necessary controls for regulatory compliance.


Benefits of Attending

  • Explore the recent AML/CFT landscape and what regulators expect of companies
  • Deep dive into HKMA inspections, updated papers and examine other countries’ regulations
  • Gain insight into the three lines of defence and focus in on senior management governance
  • Takeaway key risk indicators and potential tools to enhance risk identification
  • Understand critical considerations in assessing customer, products, services and tax crime risks
  • Evaluate qualitative information and quantify them with proper risk scoring and rating
  • Identify red flags in source of wealth and beneficial ownership with case studies
  • Examine application of controls such as sanctions screening and suspicious transaction reporting
  • Pick apart HKMA’s guidance for effective AML/CFT controls for transaction monitoring
  • Find out pitfalls to avoid and best practices when implementing a risk-based approach

Live Webinar Format

icon1 icon2 icon3
4 hours of interactive & insightful
LIVE webinar on Day 1
1-hour intimate & engaging group discussion with workshop leader on Day 2  Receive full workshop materials
and handouts
 

Workshop Leader

Chris Cheung

Partner,

Deloitte China

IA35-Deloitte

 

 

Chris is a partner in Deloitte China specializes in Financial Crime Compliance, AML and Analytics. Over the last 18 years, Chris was involved in a wide range of projects, including as AML risk rating model, risk assessments, Sanctions look back projects, with national and sectoral coverage, wide variety of product/ service, as well as scale and depth.  He is also a frequent speaker to professionals and regulatory bodies.

 

Chris has led the effort in assisting key government agencies on their AML / CFT Risk Assessments for a jurisdiction and has been involved with the Office of Foreign Asset Control (OFAC) Sanctions retrospective investigation. He has implemented a global solution and addressed local data challenges, and has assisted the local branch of the global banks perform independent review to evaluate the adequacy and effectiveness of their AML / CFT policy, procedures, systems and controls.

 

Highlight of recent experience
• 
National/ regional AML/CFT Risk Assessments – led the effort in assisting a local government in its National Risk Assessment
• 
Retrospective investigation for a global bank based in Hong Kong – led a local work streams in the review of global transactions
• 
Independent review for the Hong Kong branch of a major bank in East Asia – evaluated the adequacy and effectiveness of their AML/CFT policy, procedures, systems and controls, and their compliance with applicable legal and regulatory requirements.
• 
Conduct institutional risk assessment for one of the largest Chinese SOE bank.
• 
Provide advisory services on sanction compliance to Chinese companies.

Who Should Attend

Senior level executives from Compliance, Risk, Audit, Finance and Legal responsible for AML/CFT compliance from Financial Institutions and Designated Non-Financial Businesses and Professions (DNFBPs).

 

Agenda

  • Log-in Time: 8.50am
    Day 1: 9.00am – 1.00pm(There will be short breaks allocated at appropriate intervals.)
    Day 2: Intimate Group Discussion between 9.00am – 1.00pm*

    *Time stated in local Hong Kong time.

    Features case studies, hands-on exercises and group discussions on risk-based approach implementation pain points, key AML/CFT issues and how to overcome them.

  • Day 01

    Session 1: Latest Developments & Regulatory Updates on AML & CFT

    Examine up and coming AML/CFT regulatory requirements and FATF recommendations in Hong Kong and around the region. Is your compliance programme comprehensive enough to meet regulators’ expectations?

    • Recent AML/CFT landscape – What do regulators expect of companies?
    • Examining compliance issues and grey areas in the application of AML/CFCFT laws
    • Key takeaways from other countries’ regulations on AML/CFT
    • FATF standards review – How does that impact AML/CFT compliance and efforts?
    • Upcoming AML/CFT trends in 2019/20 & Beyond – Can one be audit ready?
    • HKMA inspections and updated papers
  • Session 2: Financial Crime Compliance (FCC) Framework

    How can organisations effectively adapt to detect anomalies and identify potential money laundering or terrorist financing risks?

    • Provide an insight on the three lines of defence – Focus on senior management’s governance and oversight responsibilities
    • Operating model and interaction of forces driving the FCC framework
    • Governance areas and focus from HKMA 2019/20
    • Key risk indicators and potential tools to enhance risk identification
  • Session 3: Proactive ML/FT Risk Assessment

    How to measure and prioritise financial crime risks? What are some best practice recommendations? How to test the effectiveness of your current AML/CFT framework? Deep dive into how to evaluate key ML/FT risks and potential loopholes in your organisation’s AML/CFT processes.

    • Key considerations in assessing customer, products, services and tax crime risks
    • Drivers and key attributes for measuring and prioritising financial crime risks
    • Identifying gaps and hotspots in current AML/CFT policies, procedures and processes
    • How to quantify qualitative information with proper risk scoring and rating
    • Reviewing enterprise-wide inherent risk, control effectiveness and residual risk
  • Session 4: Robust Controls for Financial Crime Mitigation

    Excessive controls vs aggressive risk taking – How to embed internal controls commensurate with the organisation’s risk profile and appetite with an effective risk-based approach?

    • Best practices and pitfalls to avoid in the application of controls in a risk-based approach including:
      • KYC or CDD
        • Focus area on source of wealth – To be followed with red flags and case study
        • Focus area on beneficial ownership – To be followed with red flags and case study
      • Enhanced CDD
        • Focus area on politically exposed person – To be followed with case study
      • Sanctions Screening
      • Transactions Monitoring
      • Suspicious Transaction Reporting
  • Session 5: Transaction Monitoring and Sanctions Screening

    Understanding regulatory requirements and ensuring that your organisation is informed about the Transaction Monitoring Guidelines issued by HKMA.

    • Current transaction monitoring landscape
    • HKMA guidance for effective AML/CFT controls for transaction monitoring
    • Sanctions screening programmes
  • Day 02

    Intimate Group Discussion Session

    There will be 1-hour intimate group discussion sessions with the workshop leader in Day 2. This in-depth and interactive session will provide delegates with the opportunity to ask questions about the content covered in the previous day or specific challenges on adopting and implementing a risk-based approach. More details will be given nearer to the date.