(Asset and Wealth Management Annual Regulatory Update 2018) Course 3 – WAM Industry Best Practices & Effective Application
The panel of speakers from PwC will be sharing some of the best practices and effective application relevant to the asset and wealth management industry. Understand how an organisation would benefit from having a strong risk culture. The proper tone from the top is critical as organisations adopt the new Manager-in-Charge regime. What can we expect from the upcoming FATF mutual evaluation of Hong Kong? Is your organisation's AML programmes effective?
Topic 1: Risk Culture
This session aims to provide participants with a better understanding of risk culture, what happens when the organisation has a poor risk culture and some methods to measure and strengthen an organisation's risk culture.
Topic 2: Manager-in-Charge ("MIC") Regime and Outsourcing Obligations
This session aims to provide participants with an overview of MIC regime and how it impacts asset and wealth managers in discharging their responsibilities under the MIC regime. The panel will also share some of the challenges faced by asset and wealth managers in demonstrating adequate oversight of outsourced activities.
Topic 3: Anti-Money Laundering - Latest Developments and Implications
The session aims to provide participants with an overview of the latest developments in Anti-Money Laundering ("AML") and the implications on a firm's AML programme.
Financial Incentive Scheme of the WAM Pilot Programme
This is one of the eligible courses under the Financial Incentive Scheme (“The Scheme”) of the WAM Pilot Programme.
In-service practitioners of the financial services industry will be eligible for the Scheme. They will be reimbursed 80% of the course fees, subject to a maximum of HK$7,000 (whichever is the lower) upon satisfactory completion of a course or seminar over the three-year period of the Scheme.
Each individual may apply for reimbursement for more than one course / seminar.
Application to reimburse the course fees, together with the required documents, must be submitted within four months from the last day of the course attended.
Please refer to the WAM Pilot Programme website for more details.
Hokee has spent six months on secondment to a regulator where he conducted inspections of banks in order to assess their compliance status against the applicable Anti-Money Laundering requirements. He has supported a regulator in the development of money laundering risk assessment, with a primarily focus on industry data collection and analysis.
He is a member of the Anti-Money Laundering working group at the Hong Kong Institute of Certified Public Accountants, assisting with the development of the institute’s enhanced AML guidelines to accountants and comment upon government consultations.
He is also a regular speaker at various functions, including the management of tax evasion risk at a Hong Kong Monetary Authority training seminar, and at Anti-Money Laundering training seminars jointly organised by the Narcotics Division within the Security Bureau of the Hong Kong Special Administrative Region Government, Joint Financial Intelligence Unit and Hong Kong Institute of Certified Public Accountants.
In 2008-2009, Helen seconded to the SFC’s Intermediary Supervision Department for a 9-month period, during which she was responsible for the supervision of SFC licensed intermediaries, including securities broker firms, fund managers and investment advisors.
Helen is a member of the Hong Kong Institute of Certified Public Accountants (HKICPA) and the Association of Chartered Certified Accountants (ACCA). She is a member of Investment Funds Regulatory Panel of HKICPA. She is also a charter holder of Chartered Financial Analyst.