Batten down the hatches: The complexities of managing AML/CTF Compliance on a luxury cruise line

  • When: March 20, 2020
  • Time: 10:00AM – 11:00AM Hong Kong Time
  • Level: All

Casinos are particularly vulnerable to money laundering and financial crime since the business is cash-intensive, highly competitive and deals with large numbers of transient visitors. Another risk to be considered is whether there is more or less exposure for the operations on the high seas. In one sense, since arguably the laws of a particular jurisdiction would not apply to gaming conducted in international waters, there would be less chance of an enforcement action but the question remains whether that would attract more gamers intent on using the floating casino for illicit purposes, such a casino may need to be even more vigilant.

With Asia being the third largest cruise region after North America and Europe*, be sure not to miss out this Webinar where Eddy Wong, CAMS from Genting Hong Kong and Dr. William Scott Grob, CAMS-FCI from ACAMS will go into in-depth discussion on how the industry is grappling with anti-money laundering risks compliance challenges for casinos operating in the APAC region.

* Source: http://bit.ly/2ZGhp5h

Learning Objectives:

  • Assessing the current culture of compliance on factors that directly relate to products and services offered, and evaluating the types of threats with your casino offerings, financial transactions, and customers.
  • Fortifying AML/CTF controls to monitor illicit activity and identifying red flags at cruise’s casino.
  • Balancing AML/CTF controls with business priorities and customer-oriented promotions and experiences.

Who Should Attend

  • AML Officers
  • FIU/Fraud Investigators
  • Internal Audit
  • Industry Consultants

Region/Industry

  • Asia
  • Pacific
  • Caribbean
  • Mediterranean
  • Casino
  • Banking

Register for this Webinar

Register


Moderator

William Scott Grob
  • Dr. William Scott Grob, CAMS-FCI

  • 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).

Speaker

  • Eddy Wong, CAMS

  • Vice President – AML Division, Legal & Compliance
  • Genting Hong Kong

Bio

Eddy is an experienced ACAMS (Association of Certified Anti-Money Laundering Specialists) certified compliance professional with over 15 years’ accrued expertise of AML, Regulatory Compliance, Project Management and Operation Optimization. In his current position as Vice President – AML Division, Legal and Compliance, he leads a team of AML specialists across multiple offices and countries, he has designed the implementation of the company’s AML Program and developed procedures in jurisdictions including Hong Kong, China, Macau, Singapore, Malaysia, Korea and the United States.

He developed and managed an AML training program in multiple locations, offices and onboard a fleet of cruise ships. He also personally trained over 2000 employees, and designed, managed and implemented customized e-learning system for over 3000 gaming and non-gaming staff.

Eddy has been a key member of pre-opening team for major integrated resorts in Mississippi, Detroit, Macau and Korea with focus on standardizing policies and procedures, developing regulatory controls, budgeting, developing staff and acted as an internal consultant for multiple areas including casino operation, hotel operation and IT/financial controls for the Sarbanes-Oxley program.

Prior to joining the hospitality/casino industry, he was an Analyst/Consultant in the financial industry for companies such as Credit Suisse and JP Morgan & Chase in New York City.