ACAMS AML & Anti-Financial Crime Symposium - Shanghai

Julho 14, 2022
Online
6 ACAMS credits

    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 | 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 | 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 – 11:20

    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

    11:20 – 12:10

    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.

    12:10 – 12:30

    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

    Andrew Wu, Managing Director, Dun & Bradstreet China

    12:30 – 13:30

    Noon Break

    13:30 – 14:30

    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 

    14:30 – 14:50

    Afternoon Break

    14:50 – 15:40

    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 & Monitoring Division,Internal Control & Compliance Department, Industrial and Commercial Bank of China

    15:40 – 16:40

    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

    16:40 – 16:50

    AML Knowledge Quiz

    16:50 – 17:00

    Closing Remarks

    Lynn Li, CAMS-Audit, AML Director – Greater China, ACAMS

    Pricing

    Prices are subject to local taxes

     

    Membros ACAMS

    US$ 295,00

    Não membros

    US$ 395,00

     

    Groups and public-sector employees may qualify for a discount. Contact apac@acams.org for details.

    Sponsors

    For all sponsorship enquiries, please contact Andrea Winter on awinter@acams.org.