arc-17-workshop-aml-kyc1439x300-v1

27-28 September 2017, Singapore

DAY 1 | DAY 2

DAY ONE - 27 September

08:30

Registration

09:00

The latest compliance challenges in Asia

  • New and emerging regulation, recovery and resilience
  • Highlighting enforcement changes in US and EU and its impact on Asia
  • Examining the notable trend of intolerance for corruption in Asia – the leading countries
  • Navigating the new regulation
  • Understanding what the upcoming regulations means to AML and compliance professionals
  • Analysis of money laundering risks and compliance

Nizam Ismail, Partner, Corporate and Capital Markets/Banking and Finance Practices, RHTLAW TAYLOR WESSING LLP

10:00

Trade based money laundering – basics and frameworks

  • Addressing the main AML risks associated with Trade Finance
  • Regulations impacting trade finance
  • Importance of trade based money laundering – understanding the motives and collusion risk
  • Bank’s role in trade based money laundering
  • Trade related due diligence and transaction monitoring
  • Controls on data protection and cross border information exchange
  • Best practices in tackling trade based money laundering
  • Adopting an intelligence-led approach to detect financial crime in trade

Jawad Latif, Principal Auditor, Anti Financial Crime/Compliance, DEUTSCHE BANK

11:30

Morning Coffee Break

12:00

Defining and maintaining a strong risk culture

  • Measuring the effectiveness of your anti-bribery and corruption programme
  • Differentiating between strong vs. weak cultures
  • Understanding the risk of non-compliance
  • Employing a new risk-based approach
  • Avoiding repeat mistakes – maintaining a strong risk culture across the whole organisation
  • Striking a right balance between business and AML objectives
  • Optimising and strengthening your firm’s AML programmes
  • Judisciary duties of nominee directors – rights and responsibilities
  • Building an effective enterprise wide compliance culture

Yusuf Yasin, Senior Manager, Financial Markets Operational Risk Management , STANDARD CHARTERED BANK

13:15

Lunch

14:15

Data and technology requirements to upgrade AML effectiveness

  • Satisfying beneficial ownership requirements with speed and accuracy
  • Employing algorithms to optimise roles in data extraction and analysis
  • Utilising data analytics to investigate and resolve alerts, reduce false positives and boost operating efficiencies
  • Developing enterprise-wide data access protocols to strengthen CDD, sanctions screening, onboarding and other AML imperatives
  • Role of Blockchain in regulatory compliance and financial crime prevention
  • Using Artificial Intelligence to boost AML efficiency

Nizam Ismail, Partner, Corporate and Capital Markets/Banking and Finance Practices, RHTLAW TAYLOR WESSING LLP

15:15

Case study

  • Practical lessons
  • Mitigating your institution from transactions involving the proceeds of corruption
  • Establishing methods to mitigate unique AML risks
  • Conducting stringent customer due diligence /KYC policies
  • What are the characteristics of an effective riskbased anti-bribery and corruption programme?
  • Utilising the right set of data for bribery risk assessment and programme design
  • Controls and measures to put in place for enabling legitimate business activities

Nizam Ismail, Partner, Corporate and Capital Markets/Banking and Finance Practices, RHTLAW TAYLOR WESSING LLP

16:15

Summary of workshop

16:45

End of Workshop

 

DAY 1 | DAY 2

DAY TWO - 28 September

08:30

Registration

09:00

Tacking the gaps in organisations’ customer due diligence programme

  • Customer due diligence: To what extent is it considered sufficient?
  • Securing buy-in from clients and third-parties
  • Risk detection, reporting and classification
  • Determining the threshold of terminating ambiguous and fraudulent transactions
  • Streamlining financial crime monitoring processes for continuous improvement
  • Implementing an effective customer due diligence programme to combat financial crime, corruption and non-compliance
  • Leveraging public-private partnership in sharing models, code and guidance

Richard Carrick, Regional Head APAC, Financial Crime Assurance, BARCLAYS

10:15

Developing a comprehensive KYC process to combat trade-based money laundering activities

  • Updates on the latest developments and trends in trade-based money laundering
  • Impact of TBML on the financial sector
  • Applying a risk-based TBML approach and rectifying the lapses in KYC data and due diligence
  • Governing and achieving coherence in KYC, CIP and CDD methodologies
  • Enhancing cross-border cooperation initiatives to combat TBML
  • Preventing the happening of TBML at an early stage using KYC process

Jawad Latif, Principal Auditor, Anti Financial Crime/Compliance, DEUTSCHE BANK

11:30

Morning Coffee Break

12:00

Distributed Ledger Technology (DLT) – solution to KYC inefficiencies?

  • The current KYC process
  • Identifying the challenges for integrating DLT into financial services
  • Examining the benefits of employing DLT
  • Reducing the costs of the core KYC verification process for financial institutions
  • Improving customer experience with Blockchain
  • Efficiency gains and increased transparency throughout the process of customer onboarding
  • Building a digital identity
  • Assessing the implementation and progress of blockchain in financial services
  • Successfully integrating blockchain technology into organisations’ current crime and compliance initiatives

Jeffrey Tan, Head, Strategic Business Development & Product Strategy, Y3 TECHNOLOGIES; Vice Chairman, Singapore Computer Society (SCS) Supply Chain Management Special Interest Group; Deputy Chairman, Singapore Manufacturing Federation (SMF) Digital Commerce Interest Group

13:15

Lunch

14:15

Adapting RegTech in KYC and onboarding process

  • The role of robotics in enterprise-wide KYC and onboarding transformation strategies
  • Implementation of a smarter risk-based approach to KYC/CDD/CIP and client onboarding strategy under the changing regulatory demands
  • Practical approaches to implement and transform KYC programs in complex, global organisations

Mona Zoet, Executive Board Member Vice Chair Singapore, INTERNATIONAL REGTECH ASSOCIATION

15:00

Managing cyber security and crime prevention

  • Reviewing the growing numbers of cyber threat
  • Lessons learnt from global regulations and measures to combat crime
  • Cultivating a strong security driven strategy across the organisation
  • Assessing threat profiles for proactive defence and risk management
  • The role of artificial intelligence and analytics in elevating security response and building threat intelligence capabilities
  • Designing an adaptive cyber security incident response model

Manish Chawda, Partner, PRAGMA STRATEGY

16:30

Summary of workshop

16:30

End of Workshop