Hong Kong Chapter


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

TOPIC: “New Strategies for Combating Proliferation Financing”

This topic is based on the CNAS research project focused on sanctions strategy, proliferation finance typologies, and the international policy and regulatory structure for combating proliferation finance, including possible adaptations. The project has to date collected evidence in the United States and Europe. Evidence is now being collected in Asia.

Proliferation of WMD is a major threat in East Asia. The objective of the project is to advance the debate on financial strategies to strengthen nonproliferation regimes, including global sanctions and policy measures to better tackle the financing of illicit WMD programs. The outcomes are intended to promote international cooperation on sanctions to better achieve foreign policy aims at the governmental level. At the private sector level, the outcomes of the project are intended to encourage the financial and banking sectors to work more effectively and transparently to advance global nonproliferation norms.


Dr. Jonathan Brewer is an Adjunct Senior Fellow for the Energy, Economics, and Security Program at the Center for a New American Security and visiting Professor at King’s College, London.

He carries out research with the Alpha Project on questions of proliferation and the financing of proliferation. Between 2010 and 2015 he was the financial expert on the UN Panel of Experts on Iran created pursuant to resolution 1929 (2010).

Sue Eckert is an Adjunct Senior Fellow for the Energy, Economics, and Security Program at the Center for a New American Security.

She was appointed by President Clinton and confirmed by the U.S. Senate as Assistant Secretary of Commerce for Export Administration (1993-1997), responsible for dual-use export control policy and defense industrial base programs.

Elizabeth Rosenberg is a Senior Fellow and Director of the Energy, Economics, and Security Program at CNAS.

She served previously as a Senior Advisor to the Assistant Secretary for Terrorist Financing and Financial Crimes at the U.S. Department of the Treasury.

Hong Kong Chapter Annual Social-Networking Event

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.


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.


  • 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.


  • 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

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
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
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
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

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

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

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

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-FCI
Co-Programming Director
Bridger Intelligence Limited

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. 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. He worked extensively in the Florida Caribbean Drug Task Force and Organized Crime Drug Enforcement Task Force (OCDETF). Mr. Demeter also served as the regional Undercover Program Manager and Regional Office Review Program Manager for the Southeast US, and managed and conducted undercover operations with local, State and Federal law enforcement agencies throughout his career. Mr. Demeter is on the Board of Directors of the ACAMS Hong Kong chapter.

Email: al.demeter@yahoo.com

Nigel Kot

Nigel Kot
Communications Director
The Hong Kong Jockey Club

Nigel is an Executive Manager in the Security and Integrity department of The Hong Kong Jockey Club. He currently leads the AML and Financial Crime Risk team and is responsible for implementing the policies and frameworks to address such risks across the organisation. His role oversees transaction monitoring, betting analysis, enhanced due diligence, reporting of suspicious transactions, training, and risk assessments. Nigel has over 10 years of experience in the Risk and Compliance field and he holds a Master’s degree in Engineering Science from the University of Oxford, UK.

Email: nigel.tp.kot@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