ACAMS AML & Anti-Financial Crime Symposium - Shanghai

julio 14, 2022

En Línea

6 Créditos ACAMS

All Together Now: Enhancing AFC Effectiveness

With the continuously evolving financial landscape in China, many organizations have significantly expanded their business overseas and are committed to further growth, diversification, and globalization.

The constantly changing anti-money laundering and counter-financing (AML / CTF) of terrorism risks, tightening regulatory environment, and the far-reaching impact of the 4th FATF Mutual Evaluation are imposing stricter requirements on AML / CTF mechanisms and frameworks in financial institutions. Meanwhile, a new project on de-risking and financial exclusion was also launched to mitigate unintended consequences of incorrectly implementing the Financial Action Task Force standards.

AML / CTF practitioners now face greater challenges, they must not only assess the adequacy of the existing procedures to prevent and combat money-laundering but also deal with issues such as de-risking and financial inclusion.

Join us virtually at the ACAMS AML & Anti-Financial Crime Symposium - Shanghai on July 14, 2022, as we share practical perspectives on setting up a mechanism that effectively leverages innovation, technology, and regulatory frameworks to prevent and control risks, improve compliance capabilities, and reduce management costs.

Program will explore:

Unveiling the misuse of legal persons and how to recognize it as a “Not-so-transparent World”

Understanding the key financial crime risks related to a changing supply chain, including sanctions evasion risks relating to trade, human rights, corruption, and sectoral sanctions, and other relevant risks

Exploring strategies to ensure quality Suspicious Transaction Report filings such as creating an initial outline based on the determined facts to identify supporting data and how to discard irrelevant information

Optimizing the use of technology to enable secure, effective, efficient, and predictive crime-fighting on the information sharing

Program

This symposium will be conducted in Chinese. Simultaneous interpretation will be provided for the English sessions.

Program is subject to change without prior notice.

09:00 – 09:10	Welcome Remarks Hue Dang, CAMS-Audit, Global Head of New Ventures and Senior Asia Pacific Leader, ACAMS
09:10 – 09:30	Keynote Address BAI Rui Ming, Former Deputy Secretary General, China Banking Association
09:30 – 10:10	Regulatory Update: Analyzing Global AML Trends and New Developments Updating FATF upcoming landmark topics that may be useful for your compliance program Assessing recent regulatory developments and guidance to establish best practices for meeting evolving regulatory expectations Understanding the global hot topics and the direction of AML/CTF requirements going forward Speakers Hue Dang, CAMS-Audit, Global Head of New Ventures and Senior Asia Pacific Leader, ACAMS Rick McDonell, Executive Director, ACAMS, Former Executive Secretary, Financial Action Task Force (FATF)
10:10 – 10:30	Morning Break
10:30 – 11:30	Workshop: CDD Deep Dive (Part One: Identifying and Disrupting the Misuse of Legal Persons) Understanding the definition of beneficial owner Understanding common typologies of misuse of legal persons, including generating complex ownership and control structure, using individuals and financial instruments to obscure the relationship between UBO and asset, falsifying activities, exploiting professional intermediaries, etc. Analyzing how criminals crush the blind spots and vulnerabilities of financial institutions' customer identification programs and KYC requirements Integrating best practices on how to identify the beneficial owner of your entity-customer at client onboarding and throughout the client lifecycle Open Discussion: The boundary of UBO identification Moderator Lynn Li, CAMS-Audit, AML Director – Greater China, ACAMS Speaker GUAN Jun, Director, Internal Control and Legal Compliance Department, Bank of China
11:30 – 12:20	Workshop: CDD Deep Dive (Part Two: Effective Management and Governance of High-risk Customers) Distinguishing the customer's money laundering and Terrorist Financing risk characteristics and conduct targeted due diligence Learning how to identify, mitigate and manage money laundering and Terrorist Financing risks by undertaking Source of Wealth (SoW) and Source of Funds (SoF) checks at FIs’ Private Banking/Wealth Management (PB/WM) customer segments Analyzing the red flags of a shell company, identifying the characteristics of high-risk customers and grasping the methodology of EDD control measures Moderator Lynn Li, CAMS-Audit, AML Director – Greater China, ACAMS Speaker WANG Ye, Head of AML/CFT Compliance, SVP, UOB (China) Co. Ltd.
12:20 – 12:40	Best Practice: CDD Deep Dive (Part Three: How to Identify Beneficial Ownership in a Not-so-transparent World) Centralizing beneficial ownership data is a complex decision Recognizing the quality of self-reported beneficial ownership data is a concern Accessing to the beneficial ownership data across jurisdictions remains challenging Speaker Peter Sha, Product Solutions Director, Dun & Bradstreet China
12:40 – 13:40	Noon Break
13:40 – 14:40	Knowledge Sharing: The Changing Global Framework for Trade: Impact on Global Supply Chains Learning key financial crime risks related to changes in supply chains, including sanctions evasion risks linked to trade, human rights, corruption, and sectoral sanctions, but also other relevant risks (e.g., environmental crime) Establishing mechanisms to enhance more detailed understanding of sanctions and regulatory obligations across the public-private sector Sharing best practices for collaboration in the context of conflicting legal frameworks (sanctions regimes, national legislation, administrative procedures, etc...) Speakers Kevin Cai, Senior Partner, Beijing Dentons Law Offices LLP Graeme Michael Seed, Principal, Integrity Specialist, Asian Development Bank WONG Hong Hui, Deputy General Manager, Internal Audit Department, Agricultural Bank of China, Hong Kong Branch
14:40 – 15:00	Afternoon Break
15:00 – 15:50	Perfecting Your Suspicious Transaction Report (STR) Writing Skills Discussing the elements of a good STR Reviewing cases studies to determine areas of improvement such as ensuring narrative is complete, sufficient and timely, and conforms to regulatory guidance Exploring strategies to ensure quality STR filings like creating an initial outline based on determined facts to identify supporting data and discard irrelevant information Speaker ZHANG Jie, Head, AML System Management and Monitoring Division, Internal Control and Compliance Department, Industrial and Commercial Bank of China
15:50 – 16:50	Panel Discussion: All Together Now: The Future of Information Sharing in AML Examining the latest challenges and changes in global AML regimes and current information sharing frameworks Assessing how public-private and private-private information frameworks can strengthen your AML program Understanding how technology can better enable secure, effective, efficient, and predictive crime-fighting Speakers Jojo Guo, CAMS, Head of AML Center, Ant Group Iris Liu, CAMS, Director of CFCC Assurance, Standard Chartered Global Service Centre, China Elaine Tong, Supervisory Money Laundering Reporting Officer (MLRO), Asia, Bank of Montreal (China) Co. Ltd
16:50 – 17:00	Closing Remarks Lynn Li, CAMS-Audit, AML Director – Greater China, ACAMS