ACAMS AML & Anti-Financial Crime Symposium - Beijing

novembre 30, 2022

Online

6 ACAMS credits

Shifting from a Reactive to Proactive Stance

Increasing the effectiveness of AML/AFC measures is a key tenet for every financial institution. From further strengthening risk-based systems and controls such as establishing AML/AFC ecosystem, to better recognise and mitigate emerging risks such as crypto, and to leverage technology for efficiency, AML and Anti-Financial Crime professionals are being tested like never before — a clear sign that it is a time to shift from a reactive to proactive stance.

The ACAMS AML & Anti-Financial Crime Symposium – Beijing happening on 30th November 2022 will be the epicenter of anti-financial crime community in China, attracting AML/AFC leaders from the banking, FinTech, law enforcement and regulatory sectors.

This high-powered symposium will discuss the value and regulations of International AML Systems together with new ML/ TF risk and mitigation measure in relation to virtual assets. Our expert panel will share best practices to address AML challenges and examine a wide array of anti-financial crime (AFC) topics, including managing effective sanctions risk assessment; ensuring effective delivery of AML customer due diligence with proven methods; and preventing the misuse of beneficial ownership information for trusts and other legal arrangements for money laundering or terrorist financing, among other topics.

Thought leaders from the public and private sectors will come together promoting greater collaboration to fight financial crime. This will be an elite gathering of AFC professionals you will not want to miss. Join us virtually at the ACAMS AML & Anti-Financial Crime Symposium – Beijing on 30th November 2022, as we share practical perspectives on setting up a mechanism that leverages innovation, technology, and regulatory frameworks to improve risk management of money laundering and terrorist financing.

Sharing best practices to address AML challenges and examine a wide array of anti-financial crime (AFC) topics

Managing effective sanctions risk assessment and ensuring effective delivery of AML customer due diligence with proven methods

Preventing the misuse of beneficial ownership information for trusts and other legal arrangements for money laundering or terrorist financing

Program

This symposium will be conducted in Chinese.

Simultaneous interpretation from English to Chinese will be available for 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 – 09:20	Keynote Address
09:20 – 10:30	Regulatory Update: Analyzing Global AML Trends and New Developments Examining recent regulatory developments and guidance to establish best practices for meeting evolving regulatory expectations Discussing global hot topics and the direction of AML/CTF requirements going forward Reviewing FATF/APG upcoming topics that may be useful for your compliance program Collective Action in banking: International associations’ role in a fast-evolving industry (e.g., The Wolfsberg Group) Moderator: Lynn Li, CAMS-Audit, AML Director – Greater China, ACAMS Speakers: Hue Dang, CAMS-Audit, Global Head of New Ventures and Senior Asia Pacific Leader, ACAMS Dr Gordon Hook, Executive Secretary, Asia/Pacific Group on Money Laundering (APG) Alex Levin, Head of Financial Crime, Asia-Pacific, HSBC, Co-Chair Asia, Wolfsberg Group
10:30 – 10:40	Morning Break
10:40 – 11:20	Know Your Data (KYD) - Key Tenet of Effective AML Compliance Understanding AML data governance challenges: data quality gaps, lack of a centralized data dictionary and metadata, technological gaps and management silos Enforcing effective data management to identify data structure issues and leverage data for more accurate analysis Sharing best practice on how to extract and analyze data generated by transaction monitoring and KYC, reducing systemic inefficiencies and duplicated risk functions Speakers: ZHANG Jie, Head, AML System Management & Monitoring Division, Internal Control & Compliance Department, Industrial and Commercial Bank of China LIANG Kai Peng, Fellow, Beijing AIKEMU Research Institute
11:20 – 12:00	Practice Sharing: Managing High Risk Clients Learning best practices in managing high-risk clients and the opportunities and challenges presented by new technologies Analyzing recent regulatory changes which may require an update of your organization’s high-risk clients’ management processes (e.g., beneficial ownership) Assessing the appropriateness of risk management systems for high-risk clients and identify existing gaps and potential improvements to your organization’s compliance program Developing quantitative and qualitative metrics for risk rating models to flag high-risk entities and assign adequate oversight controls
12:00 – 12:30	Special Presentation: Value Reconstruction and Regulation Capture of International AML Order Prof. TANG Jun, Zhongnan University of Economics and Law
12:30 – 13:30	Lunch Break
13:30 – 14:00	Special Presentation: Exploring Anonymity in Central Bank Digital Currencies
14:00 – 15:00	Sanction Deep Dive (Part One: How Sanctions Impact Russia and the Global Economy) Gaining a greater understanding of the risk environment for Russia and Russia’s responses to western sanctions Looking at the differences between the EU and USA sanctions against Russia and the EU and USA sanctions against other countries Analyzing how sanctions impact Russia and the global economy Assessing key challenges and compliance considerations of China's Banking Industry, as well as mapping potential future developments Moderator: Lynn Li, CAMS-Audit, AML Director – Greater China, ACAMS Speakers: SUN Cai Hua, CGSS, Author, US Economic Sanction Risk Prevention (Practical Guide and Case Studies) Prof. ZHOU Xin Yu, Deputy Director of Public Diplomacy Research Center, Beijing Foreign Studies University
15:00 – 15:10	Afternoon Break
15:10 – 16:00	Sanction Deep Dive (Part Two: Keep Pace with the Future Sanction Compliance Trends) Understanding global sanctions situation and challenges to cross-border business Learning how to establish sanctions compliance system for globally systemically important banks Sharing best practice of effective management information mechanism Speaker: LIU Yan Bin, CAMS, CGSS, Head, Group Sanctions Compliance Division, Internal Control & Compliance Department, Industrial and Commercial Bank of China
16:00 – 16:50	Sanction Deep Dive (Part Three: Proactively Identify, Measure and Monitor Sanction Risk) Conducting comprehensive and effective sanctions risk assessment on clients Ensuring effective delivery at front line and synergies with AML CDD due diligence Assessing potential sanctions risk exposure, examples of sources to consider and how to assess adverse news / allegations Mitigation of potential sanctions risk exposure
16:50 – 17:00	Quiz Time and Closing Remarks