APAC Update: Enhancing Ultimate Beneficial Ownership (UBO) Practices to Strengthen AML Oversight

Sponsored by

Finscan
  • When: June 2, 2017
  • Time: 10:00 AM – 11:00 AM HKT
  • Level: All

Identifying the UBO of customers who are establishing a business relationship or conducting transactions is often a difficult and cumbersome task. For example, identifying the UBO for a corporation seeking financial services will more than likely require digging through several layers of ownership and other legal arrangements. During the webinar, panelists will share their expertise and practical advice to achieve your organization’s compliance goals to meet UBO standards.

Learning Objectives

  • Detailing APAC, US and EU jurisdictional requirements to aid UBO and ensure compliance with regulatory obligations
  • Creating innovative processes to maintain the customer profile throughout the customer lifecycle
  • Reviewing typologies of abusive trusts and shell firms to strengthen UBO identification processes

Who Should Attend

  • Compliance Officers
  • Industry Counsel/Consultants
  • On-boarding and Relationship Managers
  • Bank Executives and Directors

Region/Industry

  • Banking
  • Legal
  • Auditing
  • Global
  • APAC

Moderator

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.

Speakers

David Cope
  • David J. A. Cope

  • Managing Director & 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. 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.

Prior to joining the private sector, 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, with 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. Mr. Cope is a Member of the Hong Kong Chapter Board.


Krishna Subramanyan
  • Krishna R. Subramanyan, CAMS

  • Director & Head – APAC OneKYC
  • CITIBANK

Bio

Mr. Subramanyan has more than 15 years’ experience in Regulatory Affairs in Asia Pacific region with expertise in financial services and banking sectors with Banks and systemically significant financial institutions such as Macquarie Bank and GE Capital, where he was APAC Head of Financial Crimes Compliance for more than 10 years.

He currently heads APAC Region of Citibank’s OneKYC Program covering development and implementation of related Standards, Systems and processes for enterprise-wide client on-boarding and maintenance of client relationships. He has exposure to core compliance challenges in AML implementations in Capital Markets, Investment Banking, Retail, Private, SME, & Commercial Banking. Additionally, he has expertise in Monitoring & Testing of Financial Crimes Compliance.

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