Overview

A collaborative virtual roundtable uniting the ACAMS Southern California and Hawaii chapters. This joint session aims to foster knowledge-sharing and discuss critical issues facing our industry, particularly around Asian cross-border transactions, KYC challenges, and evolving sanctions risks involving North Korea, Hong Kong and China.

Key discussion points include: 

• Mitigating AML risks in high-risk Asian jurisdictions with limited KYC transparency 
• Identifying red flags in correspondent banking and trade finance transactions 
• Strengthening Enhanced Due Diligence (EDD) frameworks for Asian counterparties 
• Addressing regulatory expectations and recent enforcement actions tied to North Korea sanctions 
• Leveraging technology and data analytics to improve ongoing monitoring and suspicious activity reporting 

This roundtable will provide a platform to exchange insights, share best practices, and strengthen our collective approach to navigating emerging threats in the region.