Super Early Bird Fee
Register and Pay
by 12 Jun ’20
Early Bird Fee
Register and Pay
by 10 Jul ’20
Regular Fee
Register and Pay
after 10 Jul ’20
Non Singapore-registered companies $895 (SGD) $995 (SGD) $1,095 (SGD)
Singapore-registered companies (fees include 7% GST) $957.65 (SGD) $1,064.65 (SGD) $1,171.65 (SGD)

 

Group Discount!
Enjoy 10% off when you register for 3 or more OR
For groups of 3, 4th comes for free

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 10 Jul 2020, a full refund will be given with a 10% administrative charge. For cancellations received in writing before 20 Jul 2020, a 50% refund will be given together with the event documentation. There will be no refunds for cancellations received after 20 Jul 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.

Also happening in LIVE Webinar (Hong Kong): 27 – 28 August 2020

* Due to the current COVID-19 situation, Pacific Conferences is in the midst of converting this Workshop to Live Webinar. Fee will be changed.

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 1-day workshop 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 Singapore 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 MAS 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 MAS’s guidance for effective AML/CFT controls for transaction monitoring  
  • Find out pitfalls to avoid and best practices when implementing a risk-based approach  
 

Workshop Leader

Radish Singh

Partner, Deloitte Forensic, Southeast Asia Financial Crime Compliance Leader

Deloitte Singapore

IA35-Deloitte

 

Radish has more than 20 years of experience in the field of financial services regulations, compliance, anti-bribery and corruption, conduct of business and financial crime (AML/ Sanctions). She currently leads Deloittes South East Asia Financial Crime Compliance practice. Her clientele incudes major global and local Banks in Singapore. 

 

Broadly, her experience includes regulatory, business conduct policy formulation, legislative drafting, anti-money laundering, outsourcing, implementing anti-bribery and corruption policy, advising on data protection matters, establishing corporate governance codes, stock exchange supervision / rules and securities laws. Radish has been actively presenting on global regulatory reform as a result of the G20 initiatives to major banks and institutions in Singapore as well as in various public forums. She has led numerous assignments on other regulatory matters including data protection.  

 

Highlight of recent experience
• National/ regional AML/CFT Risk Assessments – led the effort in assisting a local government in its National Risk Assessment
• 
Established a regulatory research function covering key regulatory developments across Asia.  Themes include the G20 regulatory reform agenda, extra-territorial regulations and key regulatory developments initiated by domestic regulations.  
• 
Led a KYC project comprising 50 to 70 staff for a major private bank 
• 
Leading enterprise wide AML risk and gap assessments for full banks and private banks – and establishing the risk assessment methodology
• 
Leading regulatory driven compliance framework, suitability and transactions look backs  
• 
AML and tax policy and framework review and enhancement for both private and investment banks
• 
Advising on trade finance and correspondent banking compliance issues  

Past Delegates Testimonials

Comprehensive coverage and overview of different aspects of ML/FTs

Interactive sessions allowed participants to share knowledge across different domains

Detailed sharing and relevant information

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

  • Registration: 8.30am • Workshop: 9.00am – 5.00pm
    Morning, afternoon refreshments & lunch will be served at appropriate intervals.

    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.

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

    Examine up and coming AML/CFT regulatory requirements and FATF recommendations in Singapore 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?
    • MAS 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 MAS 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 in September 2018.

    • Current transaction monitoring landscape
    • MAS guidance for effective AML/CFT controls for transaction monitoring
    • Sanctions screening programmes