8th Annual Enhanced AML and Financial Crime Tools and Techniques – Hong Kong

  • When: 17 October 2016
  • Where: Hong Kong
  • Venue: Renaissance Hong Kong Harbour View Hotel

This targeted one-day seminar provides a forum for in-depth discussions covering key areas of AML compliance and financial crime prevention. Take advantage of the small group format and take away valuable tools and techniques to share with your team. Our speaker faculty will share their expertise in a wide range of topics, including addressing regional compliance challenges, effective sanctions management, and an interactive workshop on implementing risk assessment processes.

Agenda-at-a-glance

8:30 – 9:00 Registration and Morning Tea
9:00 – 9:15 Welcome Remarks
Hue Dang, CAMS-Audit, Head of Asia, ACAMS
9:15 – 10:25 Regulatory Update: Compliance Strategies for New Rules and Guidance
  • Reviewing impact on authorized institutions of joint HKAB/HKMA guidance on combating trade-based money laundering
  • Analyzing recent regulatory changes within Hong Kong and throughout the APAC region
  • Evaluating sanctions oversight to incorporate changing rules by OFAC and other governing bodies relating to Russia, Iran, Cuba and the Democratic People’s Republic of Korea
  • Meeting upcoming FATCA Deadlines on gross proceeds payments and strategizing for the upcoming OECD common reporting standard (GATCA) implementation
Moderator:
Hue Dang, CAMS-Audit, Head of Asia, ACAMS

Speakers:
David J. A. Cope, Managing Director & Head of Financial Crime Compliance, Goldman Sachs LLC
David James, HMRC Fiscal Crime Liaison Officer, British High Commission
10:25 – 10:45 Networking and Refreshment Break
10:45 – 12:00 Updating AML Models to Meet Global Ultimate Beneficial Ownership (UBO) Standards
  • Tailoring on-boarding and due diligence policies to flag potential UBO exposure
  • Using global data sharing and public registers to enhance monitoring for UBO risks
  • Creating internal systems to assure UBO alerts are escalated, investigated and resolved
Speakers:
David J. A. Cope, Managing Director & Head of Financial Crime Compliance, Goldman Sachs LLC
12:00 – 13:15 Networking Luncheon for all participants
13:15 – 14:15 Protecting Institutions from Exposure to Corrupt Proceeds
  • Reviewing third-party agents and foreign entities for potential PEP exposure
  • Analyzing Panama Papers’ cases to identify best practices for monitoring shell firms
  • Using corruption and bribery typologies to detect and resolve transactional red flags (Aub’s focus: one of its executives in AU is former central banker; sales manager sent to Nigerian acct)
Speakers:
Scott Burton, CAMS, Managing Director & Regional Head of FCC, Asia Pacific, J.P. Morgan
William A. Chapman, CAMS-Audit, Director, Aub Chapman Consulting Services
14:15– 15:00 SANCTIONS WORKSHOP
Speakers:
William A. Chapman, CAMS-Audit, Director, Aub Chapman Consulting Services
Maggie Qiu, CAMS, Head of Sanctions – Greater China & Northeast Asia, Standard Chartered Bank
Nicholas Turner, Attorney – FCC Practice, Clifford Chance

Part I: Strengthening Compliance Oversight with a Risk-Based Approach
  • Tailoring sanctions compliance models to reflect unique institutional risks based on business lines, client profiles, geographic issues and transaction patterns
  • Utilizing emerging technologies to enhance entity resolution and provide robust implementation of sanctions changes
15:00 – 15:20 Networking and Refreshment Break
15:20 – 16:45 Part II: Strengthening Compliance Oversight with a Risk-Based Approach
  • Integrating sanctions oversight into existing culture of compliance with staff training on identifying red flags, updating risk assessments and conducting enhanced due diligence
  • Performing independent sanctions model testing to ensure systemic integrity and identify and resolve any compliance oversight deficiencies
16:45 – 17:00 Closing Remarks
Hue Dang, CAMS-Audit, Head of Asia, ACAMS

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Platinum Sponsor

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Thomson Reuters

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Wisers

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Pricing

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Speakers

Scott Burton
  • Scott Burton, CAMS

  • Managing Director, Regional Head for Financial Crimes Compliance – Asia Pacific
  • JP Morgan Chase

Bio

Prior to joining JP Morgan in June 2013, Mr. Burton was a Managing Director and the Global Co-Head of Anti-Money Laundering, Sanctions and Anti-Corruption Compliance at Credit Suisse. He joined Credit Suisse First Boston in 1998. Mr. Burton has been based in Hong Kong since 2002, having also worked for Credit Suisse in Sydney, Australia. Prior to joining Credit Suisse, he 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 degree in Applied Finance from the Securities Institute of Australia. He is a Fellow of the Financial Services Institute of Australia and is a Certified Anti-Money Laundering Specialist (CAMS) and Board Member, HK Chapter ACAMS. Scott is recognized as a subject matter expert and is frequently requested to speak at industry seminars and conferences.


William Aubrey Chapman
  • William A. Chapman, CAMS-Audit

  • Director
  • Aub Chapman Consulting Services

Bio

Prior to his retirement, Mr. 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, Mr. Chapman has been consulting in both the public and private sectors, not only in Australia, but also internationally. He specializes 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.


David Cope
  • David Cope

  • Managing Director and Head of Financial Crime Compliance
  • Goldman Sachs LLC

Bio

Mr. Cope 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, he 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. Mr. Cope 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 Mr. Cope 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. Mr. Cope 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, Mr. Cope’s 17-year long career in the Hong Kong Police was mainly focused on the investigation and prosecuted serious complex financial crime and money-laundering. Mr. Cope had postings to the Commercial Crime Bureau, Organized Crime and Triad Bureau and Narcotics Bureau. He 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.


Hue Dang
  • Hue Dang, CAMS-Audit

  • Head of Asia
  • ACAMS

Bio

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.

Ms. Dang is the Head of Asia of ACAMS, having established its regional head office in Hong Kong in 2008. Prior to joining ACAMS, Ms. Dang had more than 15 years’ experience in banking and finance. She was previously 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.


David James
  • David James

  • HMRC Fiscal Crime Liaison Officer
  • British High Commission (Singapore)

Bio

Mr. James is Her Majesty Royal Customs (HMRC) Asia Pacific Lead on Tax Evasion and Money Laundering, based in Singapore. He is a Tax Inspector by trade with 14 years’ experience of dealing with serious fraud and tax avoidance. He has investigated and led teams of investigators in all types of HMRC intervention involving both criminal and civil responses to tax fraud. In July 2014, Mr. James was posted to Singapore with a focus on combating offshore tax evasion and money laundering in Singapore and the wider Asia Pacific region.


Maggie Qiu
  • Maggie Qiu

  • Head of Sanctions, Financial Crimes Compliance – Greater China & North Asia
  • Standard Chartered Bank

Bio

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.


Nicholas Turner
  • Nicholas Turner, CAMS

  • Attorney – FCC Practice
  • Clifford Chance

Bio

Mr. Turner is an attorney in Clifford Chance’s Hong Kong office, where he specializes in financial crimes advisory including economic sanctions and anti-money laundering compliance for the financial services sector. Mr. Turner is admitted to practice law in New York. He previously was a Senior Vice President for regional sanctions compliance at Citi Hong Kong and a Compliance Management Associate for Citi in New York and Los Angeles.

Mr. Turner’s financial crimes compliance experience in North America and Asia includes the trade finance, institutional, capital markets, and retail banking sectors, for both US and non-US financial institutions and corporate clients. He has conducted sanctions compliance training seminars in the United States and Asia. His recent publications include “The Financial Action Task Force: International Regulatory Convergence Through Soft Law,” published in the New York Law School Law Review, in 2015, and “Regulation E: Compliance Challenges under the CFPB’s Remittance Transfer Rule,” published in the Journal of Taxation and Regulation of Financial Institutions, in 2013.