Preventing Tax Crime—New Risks and Requirements for Financial Institutions in Asia

Sponsored by

Lexis Nexis
  • When: August 16, 2018
  • Time: 10:00 – 11:00 AM HKT
  • Level: All

In recent years, financial institutions in Asia have come under increasing pressure to obtain more information about their customers. Not only are they are responsible for determining the source of customer funds, they have required to know if the requisite tax was paid. Regulatory requirements are being driven by unprecedented global coordination. The result is increased scrutiny of financial institutions and more severe penalties for non-compliance.

Learning Objectives

  • Screen customers and their assets for red flags
  • Mitigate reputational risk in this new era of tax transparency
  • Balance operational efficiency with gathering the huge amounts of information now required by tax authorities

Who Should Attend

  • Compliance Personnel
  • General Counsel
  • Tax Officers
  • Industry Consultants

Region/Industries

  • APAC
  • Accounting
  • Financial Institutions

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Speakers

Paul van der Aa
  • Paul van der Aa

  • Advisor, Forensic and Security Services
  • PwC

Douglas Wolfson
  • Douglas Wolfson

  • Director of Financial Crime Compliance
  • LexisNexis Risk Solutions – Asia

Bio

Douglas Wolfson is director of financial crime compliance for LexisNexis Risk Solutions in Asia. Headquartered out of Hong Kong, Mr. Wolfson drives the strategy and product development of the leading risk tools used by the biggest banks in the world that help to mitigate financial crime compliance issues.

Mr. Wolfson has 18 years of financial services, risk management and international business experience. His deep experience includes leading risk management departments at the world’s most recognizable financial institutions.

He received a Bachelor of Arts degree in International relations from Colgate University. He also is the co-founder and organizing committee member of the Blue Tie Ball in Hong Kong, an event created to raise awareness about and reduce the stigma around mental illness.

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