Virtual Assets and Currencies: Detailing Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers

  • When: November 28, 2019
  • Time: 10AM – 12PM HKT
  • Level: All

In February 2019, FATF issued its proposed recommendations for AML governance of the crypto industry. Under pressure from the international community, the FATF aimed to bring amendments to Recommendation 15 (New Technologies) into force at the June 2019 plenary. Within the proposals, one point was opened for consultation; colloquially known as 7(b) the proposal seeks to introduce wire transfer recommendations required of the traditional banking sector into the crypto industry. That is, originator and beneficiary information is collected, screened and transmitted between correspondent institutions with the objective to prevent criminals and terrorists having unfettered access to the financial system.

Learning Objectives

  • Reviewing the latest FATF guidance impacting the crypto industry.
  • Providing guidance and clarification for Virtual Asset Service Providers, or VASP;
  • Analyzing recent case studies and enforcement actions linked to the use and abuse of digital currencies to identify unique risks and strengthen oversight protocols

Who Should Attend

  • Compliance Personnel
  • Technology Officers
  • Vendors/Technology Providers
  • Industry Consultants
  • Transaction Monitoring Specialists

Region/Industry

  • Global
  • Banking
  • Fintech

Pricing

*ACAMS Enterprise Members can register this webinar for FREE.

ACAMS Members Non-Members
$245 $445
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Moderator

William Scott Grob
  • Dr. William Scott Grob, CAMS-FCI

  • AML Director – APAC
  • ACAMS

Bio

Dr. Grob has over 25 years of financial and banking expertise. His most recent role was as Regional Head of Affiliates Management, HSBC, where he worked on mitigating financial crime and correspondent banking risks across Asia. His 12-year career at the bank also included managing risk within the Equity/FX prime brokerage business, Structured Funds business, and Hedge Fund units.

Dr. Grob earned a Bachelor’s degree from Boston University, a Master of Arts from George Mason University, a certificate from Harvard Business School’s General Management Program, and a Doctorate of Management from SMC University (USA), where his dissertation was focused on correspondent banking- “IMPACT OF CORRESPONDENT BANK ENHANCED DUE DILIGENCE PRACTICES.” Also, he has designations from the Chartered Alternative Investment Analyst (CAIA) Association, and Global Association of Risk Professionals (FRM).

Speakers

  • Arisa Matsuzawa

  • Deputy Director
    AML CFT Policy Office
    Strategy Development and Management Bureau
  • Financial Services Agency


  • Jonathan Ng

  • AML Officer
  • Huobi Group

Bio

Jonathan Ng is specialized in Anti Money Laundering (“AML”) and Financial Crime Compliance (“FCC”) with 14 years of experience in the banking and securities industry. Prior to joining the private sector, he possesses 15 years of Law Enforcement background specialized in Commercial Crime as well as money laundering investigations. Mr. Ng joins Huobi Group as a Global Head of AML/FCC Compliance. He is based in Hong Kong.

Prior to the journey with Huobi, Mr. Ng was carrying several head and senior roles with Bank of China International, Bank of Singapore, ICBCI, HSBC Private Bank and Citibank respectively. Mr. Ng has accumulated years of extensive experience and knowledge in private banking, investment banking, retail banking, securities & futures brokerage and private wealth management. Mr. Ng was also featured speaker in Compliance Forum organized by the Securities & Futures Commission of Hong Kong (“HKSFC”), a regulator in Hong Kong. He is also a featured speaker in various banking/securities associations in Hong Kong.


Malcolm Wright
  • Malcolm Wright

  • Chief Compliance Officer
  • Diginex

Bio

Malcolm Wright is Chief Compliance Officer at Diginex and is based in Hong Kong. Prior to this, Malcolm was Chief Compliance Officer at Revolut in London. In his earlier career, Malcolm held senior several leadership roles within Thomson Reuters’s anti-financial crime business, including overseeing the development and launch of World-Check One and sitting on the leadership that brought the world’s first KYC Managed Service to market.

Malcolm speaks internationally on a variety of topics in particular the FATF Recommendations for Virtual Asset Service Providers. He also sits on international committees including chairing the AML Working Group at Global Digital Finance, an industry-led initiative setting codes of conduct and best practices for the crypto-asset industry. In this respect, Malcolm has also designed and validated an industry answer to the FATF Recommendation 16 for virtual asset firms.