[Webinar] Regulatory Developments in Anti-Money Laundering: Implications for Wealth Management Businesses


Financial institutions face significant risks from financial crime, which is becoming more sophisticated with the use of new and emerging technologies to exploit financial systems. To mitigate these risks, financial institutions must adapt and innovate their anti-money laundering systems and tools to effectively target and mitigate priority threats, while also supporting new sectors and business growth.

In this joint HKSI Institute / PWMA Seminar, Ms. Carmen CHU, Executive Director (Enforcement and AML) of the Hong Kong Monetary Authority, will share key insights relating to wealth management on the latest regulatory developments in the AML space and lessons learnt from enforcement actions. The sharing and adoption of best practices are critical in driving more effective and efficient outcomes in AML work.

To enjoy a 10% discount on a 3-in-1 package bundle for Regulatory Update Series in June, please click here to enrol in all three webinars at once. 

Find out more about the other two webinars by clicking the links below​.

[Webinar] Updates on SFC’s Licensing Initiatives [5 June 2023]
[Webinar] HKEX’s Regulatory Outlook and Priorities [21 June 2023]


Key topics to be covered:

• Why the fight against financial crime matters
• Latest regulatory developments
• What does good look like under a risk-based approach
     - Best practices in wealth management AML Work
• Opportunities in Regtech adoption
• Feedback from Enforcement Cases

Who should attend

The joint seminar primarily targets at all licensed individuals, senior executives and MICs of licensed corporations, professional services firms and the practitioners who are in the private wealth management or banking sector.

Financial Incentive Scheme of the WAM Pilot Programme

This course has already been approved as an eligible course of the Financial Incentive Scheme for Professional Training (“the Scheme”) under the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector (“the Pilot Programme”). The Scheme aims to enhance the competency and professionalism of in-service practitioners within the asset and wealth management sector and to assist other practitioners within the financial services industry in acquiring the knowledge and skills required for entering the sector. Eligible applicants will be subsidised 80% of the course fees by the HKSAR Government upon satisfactory completion of the courses approved by Hong Kong Securities and Investment Institute, subject to a ceiling of HK$15,000. Hong Kong Securities and Investment Institute is appointed as the implementation agent of the Pilot Programme. Regarding the details of eligible criteria and application procedures, please refer to the dedicated web-site of the Pilot Programme (https://www.wamtalent.org.hk/).

Speaker/Course Instructor

Carmen CHU
Carmen Chu is the Executive Director (Enforcement and AML) of the Hong Kong Monetary Authority. She is responsible for overseeing the enforcement function including the Complaint Processing Centre of the HKMA as well as the supervision of the anti-money laundering and financial crime risk management by authorized institutions and stored value facility licensees. She also sits on the board of directors of the Financial Dispute Resolution Centre.

Carmen joined the HKMA in 1994 as a Manager Trainee, and has taken up different responsibilities in the HKMA, including research and monetary operations. She was seconded to the World Bank Office in Beijing from 1998 to 1999. Since then she has mainly been involved in international and regional financial cooperation initiatives as well as renminbi business development in Hong Kong.

She was appointed Executive Director (External) in April 2010 and Executive Director (Banking Conduct) in September 2014 before her current position in December 2017.


Date & Time
Thursday, 15 Jun 2023 (4:30PM - 5:30PM)
Virtual Platform
Relevant Subject
Type 1 - Dealing in securities
Type 2 - Dealing in futures contracts
Type 3 - Leveraged foreign exchange trading
Type 4 - Advising on securities
Type 5 - Advising on futures contracts
SFC:1.00, PWMA:1.00