The mission of the ACAMS Singapore Chapter is to establish and develop a forum for training and a support network in Singapore for AML/Financial Crime industry practitioners who are interested in sharing best practice know-how and expertise with their peers for the common goal of achieving a more effective AML/Financial Crime environment.

Upcoming Singapore Chapter learning events will be announced soon.

Singapore Chapter Annual Social Networking Event


Singapore Chapter Training Event: Public Private Partnerships (PPP) and Common Reporting Standards (CRS)

In support of UK Government’s International Anti-Corruption Week – Singapore 2016, “Tackling Financial Crime Together,” the ACAMS Chapter (Singapore) is pleased to organize a training and networking event, with a panel session focused on strengthening stronger partnerships between the public and the private sectors to detect and prevent the flow of illicit funds through legitimate business channels, and encouraging the essential adoption of common reporting standards to insure consistent data-gathering and enhanced inter-jurisdictional data-sharing efforts.



Next Generation of AML Transaction Monitoring

After over two decades, the automated transaction monitoring is about (and has started) to evolve significantly. With ever-changing regulatory requirements, innovative solutions are needed to transform the transaction monitoring programs to meet today’s regulatory expectations and be prepared for future changes. Practical application of technology to create an infrastructure that caters to new payment types and evolving technology, but also to remain effective and not to forget increase efficiency.


Singapore Chapter Training Event


ACAMS Singapore Chapter Training & Networking Event!


ACAMS Singapore Chapter Training & Networking Event!


Annual Social Networking Event (Chapter Members Only)


Singapore Chapter October Event


Singapore Chapter Launch

The Singapore Chapter’s inaugural launch event was held at the premises of WongPartnership in the Marina Bay Financial Center on the 14th of November 2013. After a long planning phase to get the Chapter up and running we were proud to attract more than 120 delegates and invited DBS’ CEO, Mr. Piyush Gupta to deliver the keynote address.

Attendees enjoyed light hors d’oeuvres prior to the event, and the welcome address was delivered by Nick Stokes (Chapter Co-Chair) and Hue Dang (Head of Asia, ACAMS and Chapter Co-Treasurer), who briefly described the objectives and plans for ACAMS Singapore.

This was followed by Mr. Piyush Gupta’s keynote speech where he highlighted the ever-growing impact of financial crimes on financial institutions which constantly required the organization to adapt. He also identified a few new trends, their evolution and why financial institutions need to stay focused and remain on top of such developments. He also reiterated Ms. Dang’s message of the importance of the collaborative nature of AML Compliance, both internal and external to any financial institution, and the essential contribution of community-building efforts by an organization like the ACAMS Singapore Chapter.

Chapter Communications director Andrew Chow moderated a questions and answer session which followed the joint presentation on the latest challenges in AML by Jean Ward (SCB), Erik Wilgenhof Plante (PayPal) and our international guest from London, David Clark (GE Capital). The presentation slides can be downloaded from here.

Refreshments were served after the Q&A session, and many members and guests remained till later into the evening.

A few impressions from the Chapter Launch:

Nick Stokes Greetings

Nick Stokes – Greetings

Hue Dang Welcome

Hue Dang – Welcome

Mr Piyush Gupta's keynote speech

Mr. Piyush Gupta’s keynote speech

Dave Jean Erik Presentation II

Dave, Jean, Erik – Presentation II

Andrew introducing the presenters

Andrew introducing the presenters

The Board of the Singapore Chapter

The Board of the Singapore Chapter

Andrew Chow

Andrew Chow
Co-Chair
BNP Paribas

Andrew CHOW is currently Head of Compliance, SE Asia at BNP Paribas. Prior to this role, he was a Partner in the Financial Services Regulatory Practice. He has extensive experience in financial services regulatory matters, with an emphasis on banking and capital markets legal and compliance advisory. As one of the first dedicated compliance professionals in Singapore, Andrew has worked for various international financial institutions across the Asian region.

He advised on a wide spectrum of regulatory issues and developments, and has previously guided each of the financial institutions he worked in on regulatory compliance with statutes, regulations, notices and guidelines in Singapore including the Banking Act, the Securities and Futures Act (SFA), the Financial Advisers Act (FAA), the Trust Companies Act, the Commodity Trading Act administered by the Monetary Authority of Singapore (MAS) and other regulatory bodies. Apart from his advisory roles, he also developed the compliance processes and procedures for those institutions, including other risk, operational and IT policies and procedures where legal and compliance input was essential.

In the 16 years prior to joining Wong Partnership, the financial institutions Andrew worked for were Standard Chartered Bank, where he established the compliance department, and was actively involved in managing the issues surrounding the collapse of Baring Futures and its parent, Baring Brothers & Co. in the UK. He then moved to Toronto Dominion Bank/TD Waterhouse, where he led in the establishment of TD Waterhouse in Hong Kong as one of the first Asian discount brokers while overseeing TD Bank’s transactions through the Asian Financial Crisis.

The next institution was Schroders, which was acquired by Salomon Smith Barney as part of Citigroup Inc. In Salomon, Andrew was the author of the application for the first unified securities and futures membership on the Singapore Exchange, and also managed the issues arising from the dot.com bust, the collapse of WorldCom and Enron, and the tragic event of 9/11. As the Country Compliance Officer for Citibank N.A., Singapore Branch, he has covered all aspects of Citi’s comprehensive footprint in Singapore, including its global technology function locally.

He was also actively involved in the integration of the Lehman businesses into Nomura in Asia (ex-Japan).

Andrew speaks regularly at seminars organised by the Association of Banks in Singapore, the Institute of Banking and Finance, the Wealth Management Institute, where he leads in Ethics and Compliance training for private banking and wealth management, Hubbis for private banking, the Compliance Professionals Association of Singapore and the Robert Half-ICPAS Financial Leadership Forum. He is also a committee member of the Financial Industry Competency Standards (FICS) Compliance Working Group.

Andrew graduated from the National University of Singapore. He is admitted to the Singapore Bar and is also an Attorney-at-Law, New York State Bar.

Email: andrew.n.chow@asia.bnpparibas.com


Richard Moore
Co-Chair
DBS Bank

Richard is the Group Head of Financial Crime & Security Services for DBS Bank. His team is accountable for policy, strategy and oversight of the Bank‟s AML, CFT, Fraud and Physical Security programs.

Richard was a member of the NSW Police Service (Australia) before joining the Colonial Bank back in 1999 and moving to the Commonwealth Bank of Australia in 2001 where he held positions of Head of Financial Crime Management and Head of Fraud Advisory.

Email: richardmoore@dbs.com


Chris Chee

Chris Chee
Secretary
RBC Bank Singapore Branch

Chris is Country Head of AML Compliance at RBC Singapore branch. He is the designated MLRO for both the Wealth Management and Trust business overseeing all AML related matters. Prior to joining RBC, Chris was Head of AML & Sanctions at ANZ Bank Singapore responsible for the AML and Sanctions compliance programme across the Retail, Private Banking, Commercial and Institutional Banking, Financial Institutional Group and Global Markets platforms. Chris joined ANZ from UBS AG (Hong Kong) where he served as Director of Legal & Compliance tasked with primary focus on cross border compliance and rules of engagement. Chris’ early career was spent in Singapore as a Public Prosecutor at the Attorney General’s Chambers and the Ministry of Manpower after which he joined the banking sector in 2001. He has since worked with RBS, DBS, ABN AMRO and Deloitte Touché, thereby gaining significant experience in AML and Sanctions compliance.

Chris graduated from Law school at the University of Buckingham and is a Certified Anti-Money Laundering Specialist (CAMS).

Email: chris.chee@rbc.com


Simon Chung, CAMS
Co-Secretary
Standard Chartered Bank

Simon Chung is the Global Head of Financial Crime Compliance for Financial Markets at Standard Chartered Bank. He is a seasoned banking professional with over 18 years of experience covering AML/CTF/Sanctions/ABC, Governance, Controls, Risk Management, and Operations globally within the wholesale bank, and has been building teams and establishing large-scale projects, including AML/CTF programs since 2002. Prior to joining Standard Chartered, Simon held a variety of roles at TD Bank Group, including as Head of AML for Asia-Pacific Region, and enterprise roles in AML, Operational Risk, and Operations & Technology.

Simon graduated from Queen’s University in Canada and is a Certified Anti-Money Laundering Specialist (CAMS).

Email: simon.chung2@sc.com


Beaver Chua

Beaver Chua
Treasurer
Citibank N.A. (Singapore)

Beaver Chua, a veteran with 14 years of working experience in investigation and AML, heads the AML Compliance function for Citi Singapore. Prior to this, he held similar positions in Citibank China and other financial institutions in Dubai and Singapore. Beaver was also a Senior Investigation Officer with the Singapore Police Force before joining the banking industry

Email: beaver.chua@citi.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


Cynthia Cheong

Cynthia Cheong, CAMS
Head of Audit, Asia Pacific
SMBC

Cynthia has over 26 years of internal auditing experience, primarily in financial institutions. A Chartered Accountant by training, she obtained her Certified Information Systems Auditor certification and joined the then Union Bank of Switzerland in 1993 as an IT Auditor and at the same time, supported business audits of corporate banking, private banking and investment banking. With the merger between Union Bank of Switzerland and Swiss Bank Corp in 1998, she assumed the Asia Pacific Regional IT Audit Head role and over the years, took on additional roles including the Location Coordinator and Deputy Regional Coordinator. After 18-year career with UBS, she joined Sumitomo Mitsui Banking Corporation in 2010 as the Head of Audit-Asia Pacific, and oversees both business and systems audits of SMBC in Asia Pacific. She attained CAMS certification in 2013 and in 2014, she also obtained the Certified Financial Services Auditor certification.

Email: cynthia_cheong@sg.smbc.co.jp


Patricia Kordesch, CAMS
Membership Co-Director


Praveen Jain

Praveen Jain, CAMS
Programming Director
Standard Chartered Bank

Praveen Jain is the Head of Financial Crime Compliance (FCC) Innovation and Controls Strategy at Standard Chartered Bank and is responsible for helping to design the target state for FCC Controls and ensuring synchronization across the various areas. He also supports the bank to stay at the forefront of FCC risk management and look ahead into the future to see what may impact the FCC space and how we can leverage new technologies.

Praveen was previously responsible for Strategy and Transformation under Global Financial Crime Compliance at Bank of America based in Charlotte, NC USA. His early career was with ABN AMRO Bank in AML compliance and with Detica Norkom in product management and consulting.

Email: Praveen.Jain@sc.com


Dominique Braun

Dominique Braun
Programming Director
Accuity

Dom Braun works in the financial industry since mid of 90s. He worked in different international organizations in Frankfurt, New York, Geneva, London and Singapore in different functions at banks, brokers, asset managers and also at software & data vendors in management. Dom is also known as an entrepreneur setting up different businesses in the past. Over the last years Dom focused intensively on the compliance and risk side, consulting financial and non-financial institutions in regards to AML & Compliance requirements in different aspects (sanctions/PEP screening, Trade Finance Compliance, KYC on FI Counterparts etc.). Dom is currently leading the business as Director Sales (APAC South) at Accuity (part of Reed Business Information “RBI”/ part of RELX Group – a FTSE100 listed company).

Email: dominique.braun@accuity.com


Fairlen OOI Chooi Ting
Communications Director
United Overseas Bank Limited


Rayson Tan, CAMS
Communications Co-Director
Credit Suisse

Rayson is a career Financial Crime Compliance professional having spent the last 13 years in various leadership and management roles covering AML, Financial Crime and Sanctions with Credit Suisse, Deutsche Bank and UBS.

As CS’ Deputy APAC Head of Financial Crime Compliance, Rayson oversees the AML pillar of the FCC Program, and is responsible for the AML, Risks & Controls, Quality Assurance and the Financial Intelligence Unit (“FIU”) teams in the Asia-Pacific across the Investment Bank and Private Bank.

Prior to CS, Rayson was the Regional AML Officer for the hub locations for DB as well as their Regional Sanctions Leader, Regional AML Leader for Asset Management and Regional AML Leader for Private Wealth Management. He was also their joint Singapore Head of AML and the Global AML Coordinator for the PWM division where he was responsible for the Global KYC Policy and divisional input into the wider Group AML Program. He started his AML career in UBS Investment Bank where he was the AML Compliance Officer for Singapore, and part of the global group responsible for UBS’ Global Client Identification Programme. He began his career in Corporate Finance and got into AML by chance, and has been in the field ever since.

Rayson graduated from the University of London and holds a Diploma in Compliance from the International Compliance Association. He is a certified CAMS Specialist since 2006.

Email: rayson.tan@credit-suisse.com