The ACAMS Australasian Chapter was formally established in late 2007 with the main objective being to support ACAMS in its mission to advance the professional knowledge, skills and experience of those dedicated to the prevention and detection of money laundering. A second and equally important objective is to provide local AML professionals with a support network of like-minded persons and to deliver member events throughout the region.

The Chapter will assist ACAMS with the development of a CAMS elective sub-certification examination module that tests knowledge and understanding of Australia’s and New Zealand’s Anti-Money Laundering legislative regimes.

The Chapter covers the Australasian region which includes:

  • Australia
  • New Zealand
  • Papua New Guinea
  • Pacific Islands

Membership

In 2013 the Australasian Chapter Board of ACAMS resolved to implement a moratorium on chapter membership fees. The effect of this decision is to automatically extend chapter membership to all members of ACAMS who reside in the Australasian region.

What this means is that you will be automatically granted Australasian chapter membership when you join or renew your ACAMS membership at no extra cost. Membership to the chapter will be synchronised for the same timeframe as your ACAMS membership. For additional information on this initiative, or if you are missing your Australasian Chapter membership please contact chapters@acams.org.

For any other enquiries in relation to ACAMS membership or Chapter membership, please contact Rodney Willis at rwillis@westpac.com.au or Phil O’Connell at phil.oconnell@skycity.co.nz.

Upcoming Australasian Chapter learning events will be announced soon.

Anti-Money Laundering and Countering Financing of Terrorism Conference 2016

Event summary to be updated shortly.


2nd Annual Financial Crime Summit

The second Annual Financial Crime Summit was held on 16-17 Aug 2016. The event was organised by IQPC and was supported by ACAMS Australasian Chapter. ACAMS consumables and magazines were distributed to the attendees at the 2-day conference. Crispin Yuen from the Chapter’s Board chaired the event and was supported by Chapter Working Group members, Ash Walters and Carlos Sanchez.

Day 1 started with a guest speaker from the US Department of Justice FCPA Unit, who spoke via teleconference to a room of over 70 attendees. The program continued with a panel discussion on building a global anti-corruption program. Panel speakers from the US IRS, Bank of Tokyo- Mitsubishi, NSW Police Force (Fraud and Cybercrime Squad) and Association of Certified Fraud Examiners spoke passionately about their views on culture, expectations and the definition of a bribe. It was a lively discussion and involved questions from the audience. A member on the panel did not fully agree with the comments from the earlier session on voluntary self-disclosure. The day continued with presentations, roundtable and discussions with speakers from Pitney Bowes, Australian Federal Police (Crime Operations), AUSTRAC, DFAT, ANZ, ATO, UniSuper and SWIFT. The day ended with social networking drinks hosted by ACAMS with canapés served.

Day 2 continued with speakers from International Bar Association, DFAT, ANZ, Weir Group, Attorney-General’s Department and AIG. Highlights include the panel discussion on complying with foreign bribery, corruption and sanctions. Panel speakers covered on the international linkages of our economy and how we need to hardened the environment to deter organised crime. It was interesting to note a comment on how the FATF Recommendations is used as a reference for organised criminals to avoid being detected. The presentation made by the AGD highlighted the challenge faced internally within the Australian Government where a Commonwealth fraud control framework is needed to be implemented across 180 different Commonwealth entities with different fraud risks, priorities and arrangements. The day closed with the Ask the Experts Session, covering Tax Evasion, AML Compliance Challenges, Sanctions Compliance, Risk Appetite within an organisation.

The summit was well received by the attendees based on positive comments on the quality of the content and speakers, as heard during the networking session and break times.



Anti-Bribery and Corruption in New Zealand

Hosted at KPMG, a panel discussion on Anti-Bribery and Corruption was held with speakers from the Serious Fraud Office, New Zealand Police FIU, Inland Revenue Department.


The Panama Papers

Control Risks presented on the implications of the Panama Papers for financial services organisations, now and into the future. The presentation focused on the leak itself, the tactical response, the potential impact on financial services organisations and others as these leaks become increasingly prevalent, and the potential response from regulators. Speakers included Mark Pulvirenti, Carla Liedtke and Allanna Skeels.


FATF and Tabcorp

29 attendees made it to the ANZ conference rooms to hear a discussion on both the FATF plenary meeting relating to terrorist financing held in Paris earlier this year and to have an interesting discussion on the document requests made as part of the AUSTRAC v. Tabcorp litigation.

Milan Girgovic of the ANZ’s financial crime intelligence team gave an interesting and considered download of the FATF plenary and what ANZ are trying to do in relation to Terrorist Financing and Foreign fighters. The development of relationships with the security agencies and the importance of timely information were stressed as well as some typical red flags seen across banking. One salient but slightly off point comment from the floor was that the foreign fighter’s legislation is not linked to the AML/CTF Act at this point in time and, whilst there is no technical requirement to include this as a risk in your ML/TF risk assessment, it would be wise to start thinking about it.

Paddy Oliver talked over some of the interesting considerations coming from the document requests made as part of the AUSTRAC v. Tabcorp litigation. Several of these were – recognising that suspicious matter reporting includes the requirement to report an matter that may raise a suspicion that any state or federal law has been broken – as Paddy kindly advised us not even he knows all the laws. Another interesting discussion rose over the apparent suggestion by AUSTRAC through the charges that if one part of an AML/CTF program was deficient then there was no program in place. It is highly recommended that everyone keeps an eye on how this progresses and despite some requests for the matter to proceed to judgement and therefore provide some certainty it may be some time before the whole matter is resolved.

Drinks after the event aided the flow of the discussion and everyone appeared to enjoy themselves.



ADCCA

Held at ANZ on 29 March 2016, Nick Giurietto, CEO and Managing Director of the Australian Digital Currency Commerce Association (ADCCA.org.au), the peak industry body representing Bitcoin and Blockchain businesses in Australia was our keynote speaker.

Following a Senate recommendation from 2015, ADCCA is leading the development of a Digital Currency Industry Code of Conduct designed to clearly distinguish reputable operators from those with inadequate compliance controls. Nick provided an update on the development of the Code of Conduct which includes but goes beyond AML/CTF requirements. He also provided insight into the perspective of key regulators.


Cybercrime risks – the costs and consequences of organised crime involvement

ACAMS was pleased to present a panel discussion on this hottest of topics for 2016, with experts from Insurance risk, Forensic, IT, and Policy perspectives all helping to identify and deal with the growing involvement of organised and financial crime groups in cybercriminal activities. Hardly a day goes by without some new cyber risk presenting itself. An increasingly sinister trend is, for example, phishing or hacking and data theft/exposure followed by financial extortion by an organised crime gang. Some in the media have even dubbed 2016 “the year of online extortion”.

Held at PwC, speakers and panelists included:

  • Campbell McKenzie – Director, Forensic Technology Solutions at PwC in Auckland
  • Patrick Hung – Head of Information Security, Westpac Bank
  • Heather Ward – Principal Advisor, National Cyber Security Policy Office – ConnectSmart (Department of Prime Minister & Cabinet)
  • Ian Pollard – Managing Director, Delta Insurance
  • Chair/Moderator: Gary Hughes of ACAMS and Wilson Harle

Cash Intensive Business – Vulnerabilities from a Money Laundering Perspective

Held at KPMG, our guest speaker, Dr Nicholas Gilmour spoke about the vulnerabilities of cash intensive businesses. Despite large scale focus on combating Money Laundering, cash intensive business remains a viable and popular method to launder criminal profits. This presentation will outline the exploratory findings of research recently conducted in the United Kingdom that sought to identify the process, steps and vulnerabilities behind Money Laundering through cash-intensive business, while highlighting key facilitators that enable this method of money laundering using a documented case study.


Is New Zealand a tax haven?

http://www.acamstoday.org/auckland-event-is-new-zealand-a-tax-haven/

Panel Discussion

Australasian Chapter Event in Melbourne

Aub Chapman

Aub Chapman, CAMS
Co-Chair

Prior to his retirement, Aub Chapman was a career banker with over 42 years of professional experience.

In his last role at Westpac Banking Corporation, he was responsible for managing a number of functions including Group Fraud Control, Physical Security, Business Continuity Services, Cash and ATM Services as well as managing the group’s compliance with AML/CTF legislation.

Since his retirement, Aub has been consulting in both the public and private sectors, not only in Australia, but also internationally. He specialises in controls against financial crime and management of cash services. His international experience includes assignments for the United Nations, the Asian Development Bank, The Eurasian Group on Money Laundering (on behalf of the FSVC), Bank Negara Malaysia, Institut Bank-Bank Malaysia and the Labuan Offshore Financial Services Authority. He has been a guest speaker at a number of international AML/CTF conferences and international conferences associated with the cash services industry.

Aub is a founding member of the Australasian Chapter, a member of the ACAMS Education Task Force and received the ACAMS AML Professional of the Year award in 2009.

Email: aub.chapman@bigpond.com


Erum Khan

Erum Khan, CAMS
Secretary

Erum is a Senior Manager, Enterprise Financial Crime at Westpac, one of Australia’s Big Four Banks.

Erum is a Financial Crime specialist with over 15 years of wide-ranging international risk and compliance experience. She has previously worked at Westpac as a specialist AML/CTF advisor on projects in multiple business units. Erum has also worked in the Deloitte Forensic practice in Sydney for several years, where she led AML/CTF and sanctions projects for various financial institutions.

Prior to this, Erum worked with ABN AMRO Bank at the regional AML/CTF office for Asia, based in Singapore, where she was involved with various aspects of AML and sanctions compliance for a number of Asian countries. She has also worked as compliance officer at ABN AMRO Pakistan where she was responsible for AML/CTF program implementation, operational risk management, training, legal matters, business continuity planning and information security management.

Erum is a Certified Anti-Money Laundering Specialist (CAMS) since 2005 and holds a Master of Business Administration degree.

Email: ekhan@westpac.com.au


Phil OConnell

Phil O’Connell, CAMS
Co-Membership Director (New Zealand)

Phil O’Connell is Regulatory Affairs Manager with SKYCITY Entertainment Group Limited where his role involves managing a broad range of regulatory and compliance issues relating to the Company’s New Zealand casino operations. This includes oversight of the Company’s AML obligations in both Australia and New Zealand. SKYCITY has two casino sites in Australia and a further four sites in New Zealand

Prior to joining SKYCITY Phil worked as a regulator with the Casino Control Authority responsible for regulatory oversight of casino operations and before that with the Department of Internal Affairs. His last role with DIA involved managing a team of inspectors at Christchurch Casino. He has held a variety of gaming policy and enforcement related roles with the DIA in Wellington.

Phil holds a Diploma in Business Administration from Victoria University and is currently undertaking an LLB part time at Auckland University.

Email: phil.oconnell@skycity.co.nz


Paddy Oliver

Paddy Oliver
Co-Communications Director

Paddy is a lawyer and consultant with 20 years legal, consulting and senior management experience. He is the Managing Director, Lexcel Consulting an independent risk and compliance consulting firm.

Paddy advises clients in the Australian financial services sector and in the Australian, UK & Irish legal sectors on AML/CTF encompassing the areas of: AML/CTF legislation and obligations; implementation; training; AML/CTF programs, process and systems.

An AUSTRAC Authorised Auditor Paddy has carried out independent review under the AML Act and for reporting entities under enforceable undertakings.

He is a leading commentator on the issue of AML/CTF legislation with a focus on the consequences for legal practice and legal practice management. He is a regular conference speaker on AML and compliance issues for both the financial services and the legal sector, and has articles published on AML/CTF in the major Law Society journals.

Paddy holds a law degree and a legal research degree from Trinity College, Dublin, a Masters of Business Administration from University of Ulster, and is a Graduate of the Australian Institute of Company Directors.

Email: poliver@lexcel.com.au


Crispin Yuen, CAMS, CISSP, CISA
Co-Communications Director

Crispin Yuen is a Financial Crime Risk and Compliance specialist with extensive experience in regulatory compliance, risk controls, governance and assurance. Crispin runs AML Sanctions, an online platform that focuses on Financial Crime developments in the financial services industry.

In his last role, as Head of Compliance, Australia and New Zealand at Ria Financial Services, Crispin was tasked to remediate, redesign and rebuild the company’s regional AML/CTF and Sanctions Compliance program.

Crispin previously worked at AMP, Deutsche Bank, CBA, Deloitte, Ernst & Young and OCBC Bank. At AMP, Crispin assisted in the harmonisation of AMP and AXA’s AML/CTF frameworks for use by its post-merger entity. At Deutsche Bank, Crispin was the Compliance Manager in its Central Compliance team responsible for the bank’s Asia Pacific businesses. His role covered the detection and prevention of potential market abuse, insider trading, securities fraud and market manipulation. In 2008, while at Deloitte, Crispin was seconded to ANZ Bank to be part of the bank’s AML & Sanctions team in resolving its OFAC sanctions matter.

Crispin’s in-depth experience in remediating and resolving deficiencies raised in both OFAC and AUSTRAC enforcements distinguishes him as one of less than a handful of professionals with such experience in Australia.

Crispin is a Certified Anti-Money Laundering Specialist (CAMS), a Certified Information Systems Security Professional and a Certified Information Systems Auditor. Crispin co-authored the 5th edition of CAMS study guide and exam questions. He is the author of the book on the revision to the FATF 40 Recommendations, available on Amazon.com. At the invitation of the Australian Parliamentary Joint Committee on Law Enforcement, Crispin spoke as an industry witness at the “Inquiry into Financial Related Crime”.

Crispin is an approved External Auditor for the purpose of the AML/CTF Act. Crispin has been serving the ACAMS Australasian Chapter since 2007.

Email: crispin@amlsanctions.com


Lanna Guillen

Lanna Guillen, CAMS
Co-Programming Director (Sydney)

Lanna Guillen is currently a member of the Group Operational Risk and Compliance team with CBA, focusing on establishing and maintaining the Group Financial Crime Compliance framework.

Her previous role with Macquarie Group consisted of co-ordinating a global approach to managing AML/CTF, Sanctions and AB&C risk across Macquarie’s various business lines. She returned to Sydney in January 2014 after spending five years in Canada, primarily engaged in a compliance capacity with the Bank of Montreal (BMO) Financial Group; her experience ranging from policy writing, first line compliance training and regulatory and board reporting.

Lanna has been CAMS certified since 2013 and has an Applied Finance with Laws (combined) degree from Macquarie University.

Email: lanna.guillen@cba.com.au


David Harley, CFE, CAMS
Co-Programming Director (Melbourne)

David is a skilled and effective Anti-­‐Fraud, Anti-­‐Corruption and Anti-­‐Money Laundering professional with over 30 years’ experience preventing, detecting and resolving issues that relate to fraud, corruption money laundering and terrorist financing. With a law enforcement background focussed on criminal investigation and proceeds of crime, David spent 11 years between 1997 and 2008 specifically dealing with financial crime issues within Financial Services working for Westpac and Bendigo Bank. David was part of the ABA working group that was involved in the discussions with AUSTRAC and the Attorney Generals Department between 2004 and 2008.

Since 2008 David has worked as a consultant, both with PwC and now for himself. During this period he has acquired extensive experience across a broad range of industries and products, with comprehensive specialist expertise in the areas of Financial Services, Mining and Government.

David has:

  • Both developed and assessed AML/CTF policies and frameworks, undertaken Correspondent banking transaction monitoring and led the effectiveness assessments on a number of transaction monitoring system
  • Helped banks develop responses to changing legislation
  • Provided SME assistance in the development of data driven risk assessments
  • Taken the lead in a range of fraud and corruption investigations, fraud risk management and anti-­‐money laundering assignments across multiple jurisdictions, including Australia, Bangladesh, China, Indonesia, Papua New Guinea and the Pacific Islands.

He possesses an extensive repertoire of strategic and tactical knowledge and skills, including forensic technology, forensic accounting, data analysis and a range of investigation skills/methodologies, and is able to provide commercially and ethically sound remediation recommendations and systems-­‐based solutions to mitigate future risks. David takes a holistic approach to risk and issue management and is committed to leaving a lasting and beneficial impact on businesses that extends long after the engagement is completed. An excellent communicator, teacher and mentor who regularly lectures in Certificate III in Investigative Services and Certificate IV in Government (Investigation) for registered training organisations.

David is an authorised auditor under section 164 of the AML/CTF Act.

Email: david@deltafcc.com


Gary Hughes

Gary Hughes
Co-Programming Director (New Zealand)

Gary Hughes is a lawyer at Wilson Harle, a leading litigation and regulatory specialist law firm in New Zealand. He specialises in commercial and contract dispute resolution and a range of regulatory fields. He has over 18 years experience helping clients deal with compliance issues or investigations involving regulators and government agencies, especially competition and financial market regulators.

Areas of expertise include AML, competition law, cartels, consumer protection, fraud, insurance law, privacy, anti-corruption, and financial services cases (banking, financial markets, prudential and professional regulation). Gary is ranked by leading international guides (eg Chambers Asia-Pacific) in areas such as Competition law, Insurance, and Regulatory Investigations.

Gary has been actively involved in New Zealand’s AML law reform process since 2007 and helped establish ACAMS in NZ in 2008. He has advised a wide range of reporting entities from large multi–national banks to small domestic lenders or remittance businesses. In the past, he worked with leading law firms in England, on insurance and financial services cases including AML compliance and civil disputes, prosecuting market manipulation, and similar securities regulation matters.

Gary has degrees in Law (with Honours) and Commerce (Economics) from the University of Auckland, with Senior Prizes awarded in each faculty.

Email: gary.hughes@wilsonharle.com


Richard Screen, CAMS
Co-Programming Director (Wellington)

Richard is the AML/CFT Intelligence Manager at Westpac Bank in New Zealand and is responsible for managing a diverse range of AML/CFT obligations enterprise wide including Analysis, Risk Assessments and Business Change reviews. Prior to this, Richard was a Senior Investigator in the bank’s Financial Crime Management area, responsible for Internal and External Fraud response, Training & Awareness and various Fraud prevention initiatives. Richard is a Certified Anti-Money Laundering Specialist (CAMS)

Email: richard_screen@westpac.co.nz


Rodney Willis

Rodney Willis, CAMS
Co-Membership Director (Australia)

Rodney is currently working at Westpac as an AML/CTF manager for the Group AML/CTF team which sets and monitors compliance across the Westpac Group’s policy, program and standards.

He also provides technical guidance and support to AML/CTF representatives across the Group.

Prior to working at Westpac, Rodney spent ten years working in various roles across the financial services industry (banking, superannuation and asset management). He held a variety of responsibilities ranging from quality assurance and client services to relationship management. During that time, he gained operational AML/CTF experience by being exposed to the complex frontline impacts that are a reality among global asset management organisations doing business in Australia.

Rodney is a Certified Anti-Money Laundering Specialist (CAMS) and holds a Bachelor of Science.


New Zealand Working Group Members:

Tim Goodrick, KPMG
Geoff Brown, Financial Markets Authority
Paula Milne, ANZ Bank

Sydney Working Group Members:

Ash Walters
Carlos Sanchez