APAC Update: Sanction Challenges in Maintaining Business Relationships

  • When: March 10, 2017
  • Time: 10:00 AM – 11:00 AM HKT
  • Level: All

Despite increasingly strict and complex sanctions, financial institutions throughout the APAC region are considering having business relationships with sanctioned nations such as Iran, Iraq and Myanmar. This webinar will provide attendees needed guidance on creating an effective sanctions management program and an updated, comprehensive compliance strategy for dealing with sanctioned nations. Industry experts will detail practical strategies to mitigate the risks and avoid potential penalties associated with doing business with sanctioned nations.

Learning Objectives

  • Analyzing continuing risks with Iran and other sanctioned nations to ensure monitoring models are capable of real-time adjustments
  • Creating institutional risk profile metrics that demonstrate appropriate KYC and CDD procedures
  • Maintaining a risk-based approach to sanctions management that aligns with regulatory expectations

Who Should Attend

  • Sanctions Risk Managers
  • Compliance Officers
  • Legal Counsel
  • Industry Consultants

Region/Industry

  • APAC
  • Global
  • Banks
  • MSBs
  • Securities

Moderator

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.

Speakers

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.

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