Hong Kong Chapter

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Upcoming Hong Kong Chapter learning events will be announced soon.

It is the Hong Kong Chapter’s mission to strive for excellence in preventing money laundering and the financing of terrorism, by creating a forum in Hong Kong for training and the exchange of ideas within the financial services community.

Please email us for questions regarding chapter membership or events.

Membership Count: 100

Upcoming Hong Kong Chapter learning events will be announced soon.

ACAMS HK Chapter Training & Networking Event

5:30 – 5:50 PM Greetings & Registrations
5:50 – 6:00 PM Welcome Remarks & Speaker Introduction
6:00 – 7:00 PM TOPIC: Productivity Strategies for Financial Crimes Compliance professionals

If you work in Financial Crimes Compliance (FCC), you are likely to be dealing with a lot of career-related stress. The working hours, the responsibilities, the external regulatory pressures – they all add up.

“In this current environment where we are all expected to do more with less, there has never been a better time to equip oneself with the best productivity strategies in order to become as focused, as disciplined and as productive as possible so we can not only survive but thrive as FCC professionals”, according to our event speaker, Mr. Jun Claravall, CAMS, CPA (Managing Director, Asia Pacific Executive for Global Financial Crimes Compliance Bank of America Merrill Lynch) a 24-year Compliance veteran.

In this upcoming HK Chapter training event you will learn about:

  • The #1 threat to your productive future
  • Productivity crushing addictions and strategies on how to defeat them
  • Key habits of highly productive FCC professionals

At the end of this session you will leave with a tool belt of practical productivity strategies that if implemented consistently will dramatically increase your productivity at work.

A panel discussion, including HK Chapter Board Members, will follow.

7:00 – 7:30 PM Networking and Cocktails Refreshments will be served. Our special thanks to KPMG for hosting this event.

Speakers

Mr. Jun Claravall, CAMS, CPA (Managing Director, Asia Pacific Executive for Global Financial Crimes Compliance, Bank of America Merrill Lynch)


Hong Kong Chapter Training Event

TOPIC: “The impact of the upcoming FATF /APG Mutual Evaluation of Hong Kong on your institution”

Given the upcoming FATF/APG Evaluation of Hong Kong in 2018, the Hong Kong Chapter is pleased to host a discussion with Rick McDonell, former Executive Secretary of FATF & current ACAMS Executive Director, and Stewart McGlynn, Head of AML & Financial Crime Risk, Hong Kong Monetary Authority, to help Chapter members understand the mutual evaluation process and how financial institutions will be impacted both by the Hong Kong Mutual Evaluation and the subsequent Mutual Evaluation report.

Speakers

  • Rick McDonell, former Executive Secretary of FATF & current ACAMS Executive Director
  • Stewart McGlynn, Head of AML & Financial Crime Risk, Hong Kong Monetary Authority

Hong Kong Chapter Training Event

TOPIC: De-mystifying Private Banking

Private banking and wealth management is a growth area in Asia, especially in Hong Kong, and is seen rightly or wrongly by our regulators as a high risk business for money laundering risk. But what actually do private bankers do, what client types do they target, what products do they offer, and most importantly what does the banker expect from their compliance officers in managing the inherent risks in their business?

The ACAMS Hong Kong Chapter will have 2 senior and highly experienced private bankers from Citi Private Bank and Goldman Sachs Private Wealth Management to discuss the challenges they face in navigating the compliance frameworks they operate in, and also explain their business. Their input will be counterbalanced with the views of a Senior AML officer covering Private Banking, in a session that is its hoped will dispel some of the myths of private banking in Asia, and also provide Chapter members with an opportunity to bench mark their AML standards and risk levels in this sector.


Hong Kong Chapter Annual Social Networking Event



Hong Kong Chapter Training Event: Risks and Resolutions

The ACAMS Hong Kong Chapter’s Program Director David Cope will be leading a discussion with Stewart McGlynn of the HKMA on a number of key topics for the industry including the Risk Based Approach, the National Risk Assessment, recent HKMA Guidance and expectations for screening and monitoring systems.


ACAMS Hong Kong Chapter Training & Networking Event


Hong Kong Chapter Training Event


Panel Discussion – Managing Regulatory Examinations

With the increasing focus of regulators on effectiveness of the AML/CTF controls of banks and other financial institutions, simply having a strong program is not sufficient, it is vital that the strengths (and known weaknesses) of a AML/CTF program are properly explained to a regulator during an examination, including how effective the program is, and how the controls in place address the actual risks faced by that institution. Failure to manage an examination properly can often have serious consequences for an institution, especially for those in compliance functions.

A panel composed of members of the ACAMS Hong Kong Chapter board and a member of a leading international financial institution compliance department will discuss and share their experience with dealing with an AML/CTF regulatory examinations, including preparation for the exam, conduct during the exam and the follow up next steps that should be taken post exam.

Speakers

  • Todd Bancroft, Executive Director, JP Morgan
  • David Cope, Partner, KPMG
  • Rod Francis, Managing Director, Citigroup

Hong Kong Chapter Training Event


Annual Social Networking Event – Cocktail Reception (Chapters Members ONLY)


Hong Kong Chapter Training Event


General Overview of International Sanctions Compliance Program

Once again hosted at the KPMG office at Causeway Bay Hong Kong on 3 June 2014 from 5:30 pm to 7:30 pm. Over 150 chapter members and guests attended this ACAMS Hong Kong Chapter’s training event which highlighted “Current state of OFAC, EU, UN sanctions programs”, “Elements of a sanctions program” and “Current hot topics in sanctions”.

Our guest speaker Mr. Robert McMillan, Executive Director, Regional Compliance, JP Morgan Chase, delivered a very informative and up-to-date presentation in relation to the above topics. The presentation was followed by 2 case studies which elicited a number of thought-provoking questions. The Q&A session after the case studies also encouraged our attendees to share their practices and ideas about sanctions.

The event concluded, as always, with a networking and cocktail reception which provided the opportunity for guests to discuss further about the event topics and share other AML experience.


Hong Kong Chapter Christmas Cocktails

Over 50 chapter members attended the ACAMS Hong Kong Chapter’s Christmas Cocktails at China Club in Central to celebrate the festive season.

The event was enjoyed by many in the great atmosphere of the 1930’s Shanghai style in China Club. The Hong Kong Chapter Board of Directors would like to thank everyone who attended and we look forward to seeing more events and networking opportunities in 2014.


Hong Kong Chapter Training Event: AML Investigations from Banking and Law Enforcement Perspectives

Once again hosted at the KPMG office at Causeway Bay Hong Kong on 25 September 2013 from 5:30 pm to 7:30 pm. Over 100 chapter members and guests attended this ACAMS Hong Kong Chapter’s latest and last training event for 2013, that highlighted AML Investigations from Banking and Law Enforcement (P) perspectives.

Our two guest speakers Mr. Tee Jong Goh, APAC Regional Head, AML Investigations (GIU & FIU) Citigroup, Hong Kong and Mr. Steven Berry, Regional Head of the Financial Investigation Unit, Asia Pacific HSBC delivered two informative and interesting presentations related to AML Investigations from Banking and Law Enforcement (P) perspectives.

The presentations were followed by a Q&A period which elicited a number of thought provoking questions. The event concluded, as always, with a networking and cocktail reception which provided the opportunity for guests to discuss further about the event topic and share AML investigations experience.


Hong Kong Chapter 1st Anniversary Event

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Kyran McCarthy

Kyran McCarthy, CAMS
Co-Chair
KPMG

Kyran McCarthy (CAMS) is KPMG’s ASPAC Head of AML and Sanctions Services. He has been based in Hong Kong for over 35 years and he has more than 16 years experience in financial advisory services.

During his career he has led major regional anti-money laundering and sanctions investigations and he has also led multiple due diligence exercises on large IPO and M&A transactions in China, Hong Kong and Macau.

Kyran speaks frequently about anti-money laundering, economic sanctions, bribery and corruption risks at regional seminars and conferences and he regularly conducts training for global financial and gaming institutions throughout the region.

Email: kyran.mccarthy@kpmg.com


Justin Baldacchino

Justin Baldacchino, CAMS
Secretary
JP Morgan

Justin Baldacchino is an Executive Director in the Risk Division, APAC for JP Morgan based in Hong Kong. Mr Baldacchino, was previously the Regional Head of Regulatory Management and Issues Management for JP Morgan, APAC and previous to this he was the Head of Compliance and Risk Governance, Asia at National Australia Bank. Mr Baldacchino has almost 20 years of experience in Risk and Compliance focusing on regulatory interpretation, liaison and implementation in Asia and globally.

Mr. Baldacchino holds a Bachelor degree in Economics from La Trobe University, Postgraduate Diploma in Management and MBA from Melbourne Business School, University of Melbourne. He is a Certified Anti-Money Laundering Specialist (CAMS) and a member of the Golden Key society.

Email: justin.baldacchino@jpmorgan.com


Hritesh Mehta

Hritesh Mehta
Co-Secretary
AIA Hong Kong

Hritesh has over 15 years of experience in risk and assurance in Asia-Pacific and Middle East in Life and General Insurance and consumer goods industries. He is currently the Director of Compliance, Risk and Assurance at Group Compliance, AIA based in Hong Kong. In his present role he oversees risk management and assurance activities for compliance risk areas including Anti-Money Laundering and Sanctions, Anti-Corruption, relevant insurance specific regulatory obligations, risk of misconduct by intermediaries associated with AIA and employee conduct. Hritesh joined AIA in Hong Kong in 2004 and has since been in various roles involving regional oversight of compliance risk areas for AIA’s operating entities. Before joining AIA, he worked at PricewaterhouseCooper, India.

He is a Certified Anti-Money Laundering Specialist (CAMS) and has graduated as a Certified Compliance Professional (CCP) from the Australasian Compliance Institute. He attained his B Com in India and his Chartered Accountancy with the Institute of Chartered Accountants in India.

Email: hritesh.mehta@aia.com


Scott Burton

Scott Burton
Treasurer
JP Morgan

Scott Burton is a Managing Director of JP Morgan in the Compliance Division, based in Hong Kong. Mr. Burton is the Asia Pacific Regional Head for Financial Crimes Compliance. Prior to joining JP Morgan in June 2013, he was the Global Co-Head of Anti-Money Laundering Compliance at Credit Suisse. Mr. Burton joined Credit Suisse First Boston in 1998. He has been based in Hong Kong since 2002, having also worked for Credit Suisse in Sydney, Australia. Prior to joining Credit Suisse, Mr. Burton worked in Management Consulting and Investment Banking in both Australia and the United Kingdom.

Mr. Burton holds Bachelor degrees in both Arts and Economics from the University of Queensland and a Post Graduate Diploma in Applied Finance from the Securities Institute of Australia. He is also a Fellow of the Financial Services Institute of Australia.

Email: scott.j.burton@jpmorgan.com


Hue Dang

Hue Dang, CAMS-Audit
Co-Treasurer
ACAMS

Ms. Dang is the Head of Asia of ACAMS, having established its regional head office in Hong Kong in 2008. Ms. Dang has more than 20 years’ experience in banking and finance. Prior to ACAMS, she was a Bank Examiner at the Federal Reserve Bank of Boston, Manager with Barclays Capital’s Investment Banking Division in Singapore, Director for Business Development at Citibank’s Global Consumer Banking Group in Singapore and Director of Business Development, Asia/Pacific, for Thomson Financial in Hong Kong. Ms. Dang holds educational degrees from the US, with a Bachelor of Arts Degree with honors from Amherst College and a Master in Public Policy from Harvard University, John F. Kennedy School of Government.

Email: hdang@acams.org


Rod Francis

Rod Francis
Co-Membership Director
Citigroup

Rod is a career Compliance professional, and is currently the APAC Regional Head of AML, Sanctions and Anti-Bribery Compliance at Citi across all geographic and business lines. Prior to this role, Rod was the Asia Pacific Regional Head of AML and Sanctions Compliance at UBS.

Amongst other Compliance roles for Financial Institutions in London, Rod was also previously the Regional Head of AML in EMEA for both Credit Suisse Securities and Morgan Stanley, incorporating Central Compliance and Operations Compliance for each respectively.

Email: rod.francis@citi.com


Moray Taylor Smith

Moray Taylor-Smith
Membership Director
Standard Chartered Bank

Moray is Head of Anti-Bribery & Corruption, Greater China and North Asia for Standard Chartered Bank where he is responsible for implementing the Bank’s framework for ABC compliance in the region through advising and ensuring adherence to global standards. Prior to joining Standard Chartered Bank, he was the Global Head of Investigations and Asia Pacific AML and ABC for Fidelity Worldwide Investments where his responsibilities included all investigations, code of ethics, AML, ABC, and operational risk for the Asia region. His previous experience includes roles as Head of Code of Ethics and Oversight Services, Head of Business Compliance, and Head of Corporate Security and Regional MLRO. In addition, he spent more than 8 years with Pinkerton Consulting & Investigations, in various roles, including Regional VP for Asia, Senior Managing Director for North Asia, and Managing Director for Taiwan. Prior to Asia, Moray has more than a decade of experience with the South African Government and the South African Navy. His educational background includes a MSc in Social Science from the University of Leicester, UK.

Email: moray.taylorsmith@sc.com


David Cope

David Cope
Co-Chair

David Cope is a Managing Director and Head of Financial Crime Compliance for Goldman Sachs Asia LLC. David has over 25 years of experience in the financial crime and anti-money laundering space, both as a Compliance Officer and in Hong Kong law enforcement. Prior to joining Goldman Sachs, David was the Asia Pacific Head for Global Financial Crimes Compliance at Bank of America Merrill Lynch, previous to his time at Bank of America he was the Regional AML/CTF Compliance Manager for Morgan Stanley Asia. David was also briefly a Partner at KPMG based in Hong Kong in the forensic practice dealing with AML/CTF and sanctions issues.

In his Compliance roles David led multinational teams dealing with all aspects of financial crime risk management, including client on boarding, sanctions and corruption issues, suspicious activity detection and reporting, and financial crime risk assessments, as well as providing advice and counsel to bank senior management and business leaders for financial crime issues arising in the region. David was also the regulatory and audit exam management lead in the Region for financial crime, and implemented the design and implementation of the regional monitoring and testing program.

Before his time in Compliance, David’s 17 year long career in the Hong Kong Police was mainly the focused on the investigation and prosecuted serious complex financial crime and money laundering. David had postings to the Commercial Crime Bureau, Organized Crime and Triad Bureau and Narcotics Bureau. David was also part of the formulation and execution of the Hong Kong Police’s financial investigation policy and training including dealing with the Financial Action Task Force Mutual Evaluation process.


Steven Berry

Steven Berry
Programming Director
HSBC

Steve recently joined HSBC as the Regional Head of the Financial Intelligence Unit in Asia Pacific. Prior to joining HSBC Steve worked for thirty two years in law enforcement in both UK and Hong Kong. He left the Hong Kong Police as a Detective Chief Inspector having spent most of his twenty seven years pursuing criminal investigations. During this period he spent ten years in the Commercial Crime Bureau working in both Fraud and Counterfeit and Forgery Divisions. His last four years were sent in Central District covering the Central Business District. He has extensive experience in the investigation of Commercial Crime and Money Laundering cases.

Steve holds a Bachelor of Arts Degree in Geography from the University of Lancaster and a Master of Science Degree in Fraud Risk Management from Nottingham Trent University.

Apart from Money Laundering he has a particular interest in West African Frauds and Boiler Room Fraud.

Email: stevenjberry@hsbc.com.hk


Al Demeter

Al Demeter, CAMS
Co-Programming Director
Citigroup

Mr. Demeter is a former Criminal Investigator of the US Treasury Department, Criminal Investigation Division where he served as a Special Agent and in various management roles. He was the Special Agent in Charge of the Asia Pacific Region, assigned to the US Consulate in Hong Kong, where he acted as the US Treasury, Criminal Investigation Division Attaché prior to his retirement, covering responsibility for the Asia/Pacific region.

During his 28 year career as Special Agent Mr. Demeter conducted and managed numerous financial crimes and money laundering investigations involving narcotics trafficking, organized crime, bank fraud, loan fraud, healthcare and labor fraud, tax evasion and many other federal crimes, as well as conducting and managing undercover operations. Mr. Demeter served as a US Delegate to the OECD Financial Action Task Force (FATF) and the Asia Pacific Group on Money Laundering, and was involved in various projects for the Agency for International Development (AID) relating to financial crimes.

Mr. Demeter instructed in Basic and Advanced Criminal Investigation techniques for financial and other crimes and management of criminal investigations at the Federal Law Enforcement Academy and the International Law Enforcement Academy in Bangkok, Thailand. Mr. Demeter has been with Citigroup Investigations since October 2001 and is the Regional Director of Investigations where he manages and conducts investigations of internal and external financial crimes and other frauds.

Email: al.demeter@citi.com


Martin Purbrick

Martin Purbrick
Communications Director

Having held the position of Director of Security & Integrity for the Hong Kong Jockey Club since 2009, Mr. Purbrick reports directly to the CEO and is responsible for a department of 214 people conducting investigations into organised crime and corruption threatening the Jockey Club, anti-bribery and corruption prevention, Anti-Money Laundering, illegal betting threat research, customer due diligence, physical security, emergency planning, and crisis management for the Club.

From 2004 to 2009, Mr. Purbrick was the Director of Security & Travel Safety for McKinsey & Company, where he established and led the global security function, reporting to the Office of the General Counsel in New York. He was responsible for client confidentiality standards for the Firm’s 90 plus offices in over 40 countries, crisis management planning and response, as well as travel safety for the 16,000 employees spread globally.

Prior to McKinsey, Mr. Purbrick spent three years with the Hong Kong Jockey Club as Executive Manager responsible for creating a due diligence and intelligence team. This followed his stint as Asia Investigations Manager with Intel Corporation working against illegally sold computer processors and combatting theft of Intel products in the Asia region.

Before his private sector roles, Mr. Purbrick joined the Royal Hong Kong Police Force in 1988 and spent eleven years as a Detective Senior Inspector in Special Branch, the Criminal Intelligence Bureau, and Commercial Crime Bureau dealing mainly with intelligence led investigations in collaboration with overseas agencies.

Email: martin.purbrick@hkjc.org.hk


Maggie Qiu

Maggie Qiu
Communications Co-Director
Standard Chartered Bank

Ms. Qiu is the Head of Sanctions for Greater China & North East Asia in Standard Chartered Bank based in Hong Kong, which in charge of managing all aspects of Sanctions compliance program in the region. Prior to this role, she was the APAC Director, Global Financial Crimes Compliance for Bank of America Merrill Lynch, and was responsible for regulatory exams, audit, regulatory changes, compliance Monitoring & Testing, issue management, Policy and Program, Risk Assessments, and trainings for 12 jurisdictions in the Asia Pacific region.

Before relocated to Hong Kong on January 2014, Ms. Qiu was the Head of AML for BAML China & the China Money-Laundering Reporting Officer, and was leading Bank of America Merrill Lynch’s Anti-Money Laundering and Economic Sanctions efforts in China. She had been in that role since 2010, and previously, Ms. Qiu worked for Financial Intelligence Unit (FIU) in Bank of American’s Global Headquarter in US. Before joining Bank of America Merrill Lynch, Ms. Qiu also worked in Wells Fargo, Wachovia on the various risk management roles. She is a frequent speaker in various international AML conferences on topics of Correspondent Banking Relationship, AML audit management, Risk-Based Approach AML program, etc. Maggie received her Master degree from University of Illinois Urbana-Champaign, USA.

Email: maggie.qiu@sc.com