AML/CTF Matters: An Update for Licensed Corporations

AML/CTF Matters: An Update for Licensed Corporations

Overview

AML/CTF Matters: An Update for Licensed Corporations (Full)

With regulator’s reiteration of compliance requirements through its circular published earlier, Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) top the agenda of licensed corporations (LCs) and associated entities.

How LCs are affected? What should LCs do to avoid falling short of the required standard? Seasoned professionals from EY will provide their views and share leading practice and market insight on the challenges facing the industry, and practical approaches of handling AML/CFT matters.

Key content of the seminar:
- Update of the SFC’s AML/CFT guidelines
- Supervisory observations on implementing AML/CFT internal controls
- Enhanced measures on client identifications
- Institutional Risk Assessment (IRA)
- Customer Due Diligence (CDD) and Ongoing Monitoring
- Suspicious Transaction Monitoring, Evaluation and Reporting

Speaker/Course Instructor

TANG Vincent
Mr Vincent Tang is the Director at EY Financial Crimes Advisory team. He has over 14 years experience in accounting, AML, Sanctions and regulatory compliances. He worked with many clients on the topic of AML including; risk assessments, gap analyses against regulatory requirements; as well as assessing the design and operating effectiveness of internal controls in the AML process and conducted look-back reviews. Prior to joining EY, he was the deputy AML Programme Lead and the Sanction Programme Lead for Asia for a global FIs with a strong presence in Asia.
WONG Hong Hui
Mr Wong Hong Hui is an Executive Director at EY Financial Crimes Advisory team. He is formerly Associate Managing Director and APAC Deputy Head of Financial Crime Compliance of a professional firm which lead the court-appointed Monitorship of a Global Bank. Prior to joining EY, he was the APAC Regional Economic Sanctions Compliance Lead of another Global Bank, where he oversaw economic sanctions compliance for twelve offices in the Asia Pacific region. Before that, he was the Executive Director of the Business Intelligence Group of a Global investment Bank where he advised senior management, bankers, and compliance officers on matters relating to sanctions, money-laundering, anti-bribery, and other financial crimes or reputational risk related matters.

Details

Code
ESOTH17071101
Date & Time
Tuesday, 11 Jul 2017 (12:20PM - 1:20PM)
Venue
HKSI Institute Training Centre
Language
English
Hours
SFC:1.0, PWMA:1.0