Inaugural ACAMS Manila Symposium on “Enhanced AML and Financial Crime Tools & Techniques”

  • When: 18 June 2018 (Monday)
  • Where: Manila, Philippines
  • Venue: Asian Development Bank Headquarters
    6 ADB Avenue, Mandaluyong City 1550
    Metro Manila, Philippines

Supported By

Asian Development Bank

This targeted symposium provides a forum for in-depth discussions covering key areas of AML compliance and financial crime prevention. Our speaker faculty will share their expertise in a wide range of topics, including addressing regional compliance challenges. Take advantage of the small group format and take away valuable tools and techniques to share with your team.

Agenda-at-a-glance

07:30 – 08:45 Registration and Morning Tea
08:45 – 09:10 Welcome Remarks
Hue Dang, CAMS-Audit, Head of Asia, ACAMS
Kelly Bird, Country Director, Philippines Country Office, Asian Development Bank
09:10 – 09:45 Keynote
Chuchi G. Fonacier, Deputy Governor and Head of Supervision and Examination Sector, Bangko Sentral ng Pilipinas
09:45 – 10:45 Meshing the Country’s AML Regime (Including the Results of the National Risk Assessment) & International Standards

Speaker:
Atty. Mel Georgie Racela, CPA, LLB, LLM, Executive Director, Anti-Money Laundering Council
10:45 – 11:00 Networking and Morning Break
11:00 – 12:00 Identifying Key Changes and Challenges Raised by Amendments to the BSP Circular 950 and RA 9160

Speaker:
Atty. Ruel Bumatay, Acting Deputy Director and Head, Anti-Money Laundering Council Specialist Group, Bangko Sentral ng Pilipinas
12:00 – 13:00 Networking Luncheon
13:00 – 14:00 Mastering Customer Due Diligence Requirements and Identifying Beneficial Ownership

Speaker:
Jose Luis Syquia, CAMS, Unit Head of Due Diligence, Office of Anti-Corruption and Integrity, Asian Development Bank
14:00 – 14:45 Enterprise Risk Assessment: Understanding your AML Risks Across the Organization

Speakers:
Dr. William Scott Grob, CAMS, Director of AML – APAC, ACAMS
Atty. Narlette Manacap-Jaravata, CAMS, Country AML Compliance Officer, Citibank
14:45 – 15:00 Networking and Refreshment Break
15:00 – 16:00 Insights into Fintech, Blockchain, and Virtual Currencies that May Impact Your Compliance Program

Moderator:
Dr. William Scott Grob, CAMS, Director of AML – APAC, ACAMS

Speakers:
Jose Aquino, Director, Enforcement and Investor Protection Department, Securities and Exchange Commission
Atty. Ma. Karla Denise Frias, Managing Partner, Bay Law Group
Maria Gaitanidou, Lawyer and Compliance Officer, Coins.ph
16:00 – 17:30 Panel Discussion: Lessons Learned from Recent Enforcement Actions

Moderator:
Hue Dang, CAMS-Audit, Head of Asia, ACAMS

Panelists:
Atty. Teresita Herbosa, Former Chairperson, Securities and Exchange Commission
Atty. Mel Georgie Racela, CPA, LLB, LLM, Executive Director, Anti-Money Laundering Council
Atty. Ruel Bumatay, Acting Deputy Director and Head, Anti-Money Laundering Specialist Group, Bangko Sentral ng Pilipinas
Jose Luis Syquia, CAMS, Unit Head of Due Diligence, Office of Anti-Corruption and Integrity, Asian Development Bank
17:30 – 17:45 Closing Remarks
Hue Dang, CAMS-Audit, Head of Asia, ACAMS
David J. Binns, Director, Office of Anti-corruption and Integrity, Asian Development Bank
(Program is subject to change)

ACAMS Philippine Chapter Launch Event will be held at Asian Development Bank Headquarters at 6pm on the same day after the symposium (18 June 2018). Separate Registration is required. Please access http://www.acams.org/acams-chapters/philippines/#events for more details.

Pricing

  ACAMS Members Non-Members
Standard Price USD 100 USD 115
  Register Now Join ACAMS

Group Discount is also available for groups of 2 or above. Please contact asia@acams.org for details.

*Discounts cannot be combined

Download Agenda


Keynote

Chuchi G. Fonacier
  • Chuchi G. Fonacier

  • Deputy Governor and Head of Supervision and Examination Sector
  • Bangko Sentral ng Pilipinas

Bio

Chuchi G. Fonacier is the Deputy Governor of the Supervision and Examination Sector, mainly responsible for the regulation of Banks and other BSP-Supervised Financial Institutions (BSFIs). Under her direct supervision are inclusive financial advocacy unit, technical services staff, administrative and operations group, and four (4) sub-sectors, which handle onsite examination and inspection, offsite supervision, financial literacy, consumer affairs, financial data collection, and policy studies.

She started her career at the Bangko Sentral ng Pilipinas in 1984 as a Bank Examiner and has progressively worked her way to become Assistant Governor in 2017. Among the highlights of her career as a central banker are the following: (i) her designation as the BSP’s point person of the two important legislative measures passed by Congress – the Securitization Act, and the Special Purpose Vehicle (SPV) Act, which were both instrumental in unloading Banks’ non-performing assets and improving their financial position; (ii) the recognition of the department which she headed in 2008 as BSP’s primary supervisory unit that handles specially-challenged Banks where a record number of banks were successfully resolved; (iii) the development of various programs, in coordination with the Philippine Deposit Insurance Corporation (PDIC), aimed at strengthening the thrift, rural and cooperative banking sectors by encouraging mergers, consolidations and acquisition involving weak banks: the Strengthening Program for Rural Banks (SPRB)/ SPRB Plus, Strengthening Program for Cooperative Banks (SPCB)/SPCB Plus and the Consolidation Program for Rural Banks (CPRB); and (iv) the issuance of policies and procedures intended to accelerate resolution of banks.

As Deputy Governor, she is also a member and the BSP-designated representative in different interagency and international committees such as Financial Sector Forum (FSF), Working Group on Banking Supervision (WGBS) of the Executives’ Meeting of East Asia Pacific Central Banks (EMEAP), and Credit Information Corporations Project.

Ms. Fonacier took up her Bachelor of Science in Commerce major in Accounting degree at University of St. La Salle – Bacolod. She is a Certified Public Accountant (CPA) and a holder of a Career Service Executive Eligibility (CSEE). She obtained her Master in Business Administration (MBA) at the Ateneo de Manila University.

Speaker Faculty (Surname in Alphabetical Order)

Jose Aquino
  • Jose Aquino

  • Director, Enforcement and Investor Protection Department
  • Securities and Exchange Commission

Bio

Atty. Jose P. Aquino Is the Director of the Enforcement and Investor Protection Department (EIPD) of the Securities and Exchange Commission. The name of the Department spells out the duties and responsibilities of EIPD which are (1) enforcement, and (2) protection of investors.

The EIPD ensure that the various laws, rules and regulations of the Commission are complied with by its various stakeholders. Thus, the Department, among others, conducts investigations motu proprio or upon complaint or referral, from the public, other government agencies and from other department of the Commission and prosecutes administrative and criminal cases. To protect investors, the Department conducts surveillance of the trading of securities in the Exchanges and ensures compliance of market participants and intermediaries. It is also the Department that issues Advisories on Investment Scams.

Atty. Aquino is Career Executive Service Officer III.


David Binns
  • David Binns

  • Director
  • Office of Anticorruption and Integrity
  • Asian Development Bank

Bio

Mr. David Binns joined OAI in June 2013 having previously worked with business risk consultancies RISQ Worldwide and Control Risks Group in the UK, Singapore and Australia since 2002. He was a director of the RISQ Worldwide’s UK office having been the Director of Operations in Singapore from 2007 to 2010. Mr. Binns joined Control Risks Group in Australia in 2002 as the Investigations Manager before moving to Singapore in 2004 where he was eventually promoted to Deputy Director for South and South East Asia.

In 1997 Mr. Binns joined KPMG Forensic Accounting in London and in 2000 was seconded to KPMG Sydney to assist in developing its forensic practice. Prior to KPMG he was a civil servant, serving as an investigator in the UK’s Inland Revenue Special Investigation Office (formerly known as the Board’s Investigation Office), which he joined in 1990.

Mr. Binns has an EMBA in International Business from the University of Bristol, as well as BA Hons. Economics.


Ruel Bumatay
  • Atty. Ruel Bumatay

  • Acting Deputy Director and Head, Anti-Money Laundering Council Specialist Group
  • Bangko Sentral ng Pilipinas

Bio

Atty. Bumatay is the Acting Deputy Director and Head of the Anti-Money Laundering Council Specialist Group (AMLSG) of the Financial Supervision Sector of the Bangko Sentral ng Plipinas.

Before joining the AMLSG in July 2017, he worked for almost ten years in the Anti-Money Laundering Council (AMLC), the Philippines’ Financial Intelligence Unit (FIU), as a Legal Officer then Head of the Technical Services Staff (TSS). As Head of the TSS, managed, among others, the domestic and international relations of the AMLC, the research on policies and formulations of strategies, and the conduct of trainings, seminars and workshops for covered institutions/persons and relevant government agencies.

Atty. Bumatay attended and participated in various AML/CFT courses and programs provided by the World Bank, the International Monetary Fund, the Financial Action Task Force, the Egmont Group of Financial Intelligence Units, the Asia/Pacific Group on Money Laundering (APG), among others.

He also worked on various projects and programs, such as the 2008 mutual evaluation (ME) of the Philippines, the drafting of proposed AML legislations and rules and regulations, the first (2014) and second (2016) Philippine National ML/TF Risk Assessment, the first Regional TF Assessment for Asia and the Pacific, and the preparation for the 2018 ME of the Philippines.

He also participated in the review of the APG, FATF-Asia/Pacific Regional Review Group and the Egmont Group on the progress of some of its member jurisdictions or member-FIUs, respectively.

He was a bank examiner of the Bangko Sentral ng Pilipinas’ Supervision and Examination Sector from June 1999 until his transfer to the AMLC Secretariat in February 2008.

He is also a Certified Public Accountant and gained his auditing experience from Punongbayan and Araullo, CPAs, from November 1997 to June 1999.


Kelly Bird
  • Kelly Bird

  • Country Director
  • Philippines Country Office
  • Southeast Asia Department
  • Asian Development Bank

Bio

Kelly Bird is Country Director for the Philippines, appointed to the position in January 2018. Prior to this assignment, he was Director of the Public Management, Financial Sector and Trade Division in the Southeast Asia Department of the Asian Development Bank. He joined ADB in June 2006 and specializes in regulatory governance and reforms, financial sector development, trade and investment policy, and employment policy, among others. While at ADB, he has worked with governments on various economic development programs in Cambodia, Indonesia, Lao PDR, the Philippines, Myanmar, and Thailand. Prior to joining the ADB, he worked as part of a USAID-funded project with the Indonesian government from 1999 to 2005, and in 2006 as a consultant on trade policy with the World Bank in Jakarta. He has also worked in several southern African countries on competition policy and private sector development. He graduated with a PhD in economics from the Australian National University in 1999. He has published several papers in international journals including Applied Economic Letters, Bulletin of Indonesian Studies, Journal of Development Studies, Oxford Development Studies, Southeast Asian Affairs, World Economy, and World Development.


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.


Karla Denise Frias
  • Atty. Ma. Karla Denise Frias

  • Managing Partner
  • Bay Law Group

Bio

Karla graduated salutatorian at San Beda School of Law in 2009 and passed the bar exam in 2010. She is presently the Managing Partner of Bay Law Group, focusing on litigation, technology law and corporate compliance. Currently, she holds the position of director of compliance for the Philippine Association of Digital Commerce and Decentralized Industries, an organization of different fintech & other tech companies aiming to strengthen the industry through self-regulation of members and promotion of best practices.


Maria Gaitanidou
  • Maria Gaitanidou

  • Lawyer and Compliance Officer
  • Coins.ph

Bio

Maria is a qualified lawyer, Compliance and Business Development specialist with international growth and compliance focus. Her areas of expertise are AML, KYC/KYB, virtual currencies and partnerships. Maria currently acts as the Compliance Officer at Coins.ph. She is responsible for strategy, planning and implementation of all compliance efforts for the Philippines group.

Maria holds a Bachelor of Law degree from King’s College London and a Masters’ in Corporate and Commercial Law with Merit from the London School of Economics and Political Science.


William Scott Grob
  • Dr. William Scott Grob, CAMS

  • AML Director – APAC
  • ACAMS

Bio

Dr. Grob has over 25 years of financial and banking expertise. His most recent role was as Regional Head of Affiliates Management, HSBC, where he worked on mitigating financial crime and correspondent banking risks across Asia. His 12-year career at the bank also included managing risk within the Equity/FX prime brokerage business, Structured Funds business, and Hedge Fund units.

Dr. Grob earned a Bachelor’s degree from Boston University, a Master of Arts from George Mason University, a certificate from Harvard Business School’s General Management Program, and a Doctorate of Management from SMC University (USA), where his dissertation was focused on correspondent banking- “IMPACT OF CORRESPONDENT BANK ENHANCED DUE DILIGENCE PRACTICES.” Also, he has designations from the Chartered Alternative Investment Analyst (CAIA) Association, and Global Association of Risk Professionals (FRM).


Teresita Herbosa
  • Atty. Teresita Herbosa

  • Former Chairperson
  • Securities and Exchange Commission

Bio

As a former Chairperson of the Securities and Exchange Commission (SEC), Teresita J. Herbosa applied over three decades of private law practice experience to execute and administer policies, decisions, orders and resolutions involving the registration and monitoring of companies, and the regulation of the securities and capital markets.

Atty. Herbosa had implemented significant projects, namely: the automation and simplification of public services and internal operations of the SEC for, among others, faster company registration; the promotion of good corporate governance; the acquisition of a market surveillance system for improved investor protection and elimination of fraudulent practices, and the improvement of securities registration and financial reporting rules.

She proposed amendments to the Corporation Code which are pending in Congress; opened five satellite offices in Metro Manila to improve public service access; and participated in ASEAN initiatives. She is also the Chairperson of the Microfinance NGOs Regulatory Council, and Credit Information Corporation (CIC). By Law, she is a member of the Anti-Money Laundering Council (AMLC). Under her leadership, the SEC was ranked No. 1 in a nationwide SWS survey on sincerity in the fight against corruption for two consecutive years (2015-2016).

Atty. Herbosa graduated with the degrees of Bachelor of Arts cum laude and Bachelor of Laws cum laude from the University of the Philippines. She obtained her Master of Comparative Law degree from the University of Michigan Law School. In 2014, she received the UP Distinguished Alumna Award for Public Service. In 2016, she was cited by BizNews Asia for Public Service Excellence.


Narlette Manacap-Jaravata
  • Narlette Manacap-Jaravata, CAMS

  • Country AML Compliance Officer
  • Citibank

Bio

Narlette is the Country AML Officer of Citibank N.A. Philippine Branch. She is a lawyer having been admitted to the Integrated Bar of the Philippines in 2004. She has worked for the Supreme Court of the Philippines and has served as legal officer for two leading Philippine universal banks (Bank of the Philippine Islands and BDO Universal Bank).

Narlette is also a member of the Association of Bank Compliance Officers (ABCOMP). She has a degree in Bachelor of Science in Industrial Engineering and Bachelor of Law from the University of San Carlos, Cebu. She is also a candidate for Master of Science in Financial Engineering at De La Salle University, Manila. She is a Fully Certified Treasury Professional (Foreign Exchange and Money Market) given by the Banker’s Association of the Philippines and the Ateneo Center for Continuing Education. She has also completed with distinction the One-Year Course on Trust Operations and Investment Management given by the Trust Institute Foundation of the Philippines.


Mel Georgie Racela
  • Atty. Mel Georgie Racela, CPA, LLB, LLM

  • Executive Director
  • Anti-Money Laundering Council (AMLC) Secretariat

Bio

Atty. Mel Georgie Racela is a Certified Public Accountant and a Lawyer. He is a member of the Philippine Bar. He obtained his Bachelor of Laws degree from San Beda College of Law and an undergraduate degree (Bachelor of Science in Commerce, Major in Accounting) from the De La Salle University. He also holds a Master of Laws degree in International Legal Studies from the Georgetown University Law Center in Washington, D.C., USA, where he graduated as a Dean’s Lister.

As Deputy Director and Head of the Anti-Money Laundering Specialist Group of the Supervision and Examination Sector (SES), he played a principal role in the following important activities, alongside the review of AML Reports of Examination of BSP Supervised Entities.

As Deputy Director/Officer-In-Charge, OSPD, SES, he was able to further hone his leadership skills in crafting macro prudential policies including Circular No. 858 dated 21 November 2014 (Liberalization of the Entry of Foreign Banks) and Circular No. 854 October 2014 (Minimum Capitalization of Banks). He also led the Special Projects and Reports Group, which is in charge of drafting periodic Reports to the Monetary Board, the most significant of which is the Status of the Philippine Financial System, a semestral report intended for submission to the Congress of the Philippines and the Office of the President pursuant to the provisions of the New Central Bank Act.

Given his dedication towards the cause of Anti-Money Laundering and Combating the Financing of Terrorism, he gained the admiration and respect of not only his subordinates in the SES, but also his peers and various stakeholders, both here and abroad, as well as practitioners in the field of banking regulation compliance. His achievements speak of his proven ability to effectively and efficiently lead with focus and integrity the Group or Department, which he was asked by senior management to head.


Jose Luis Syquia
  • Jose Luis Syquia, CAMS

  • Unit Head of Due Diligence, Office of Anti-Corruption and Integrity
  • Asian Development Bank

Bio

Mr. Syquia is the Unit Head of the Asian Development Bank’s (ADB) Due Diligence Unit, under the Office of Anticorruption and Integrity (OAI). He was a Senior Procurement Specialist at ADB’s Operations Services and Financial Management Department (currently Procurement, Portfolio and Financial Management Department). He also worked for two years at the Global Fund to Fight AIDS, Tuberculosis and Malaria, in Geneva, Switzerland, as Legal Officer and Procurement Lead in the Legal and Compliance Department. He joined ADB in January 2009 and currently has 20 years’ professional experience in the fields of law, governance, procurement, and international aid and development. Mr. Syquia holds a Master of Laws degree from the University of Pittsburgh, and is an ACAMS Certified Anti-Money Laundering Specialist.