[Webinar]: How to Mitigate Fraud and Money Laundering Risk under COVID-19

Overview

The spread of COVID-19 in Hong Kong has caused severe disruption to normal business operations. Without proper mitigating measures, this disruption opens up different avenues of risks for the financial sector.

Referencing recent fraud and ML/TF related cases, the speakers will share insights on the key considerations of implementing an effective crisis management plan.

Objective

Seminar participants will gain an understanding on fraud and ML/TF related incidents during the current COVID-19 situation and the corresponding mitigating measures to ease through the global challenge.

Content

1. Recent fraud and ML/TF related cases during the COVID-19 situation
2. Mitigating measures to tackle changes in behaviour due to COVID-19 (external and internal)
3. Market updates/ regulatory guidance relating to COVID-19

Who should attend

1. Senior Management of Licensed Corporations
2. Responsible Officers (RO)
3. Manager-In-Charge (MIC) of AML/CFT
4. Money Laundering Reporting Officer (MLRO)
5. AML/CFT compliance staff
6. Internal audit

Speaker/Course Instructor

Mary WONG

Mary Wong is a Partner with KPMG and leads the Anti-Money Laundering and Sanctions services practice in the Greater Bay Area. Mary has more than 20 years of in-house and advisory experience in financial crime compliance in the Greater China region.

Prior to joining big four consultancy firms, Mary served for over 5 years, as a Vice President in the Hong Kong office of leading global financial institution specialising in regional Anti-Money Laundering Compliance and later private banking compliance. She had been one of the core team members on the global and regional support regarding Politically Exposed Persons, and she was seconded to Global AML team in Switzerland on a short term basis. Throughout her career, Mary undertook global and regional projects and developed excellent exposure to a wide variety of jurisdictions including Hong Kong, China, Macau, Taiwan and Singapore. Her specific experience including, but not exclusively, large-scale remediation, AML systems assessments, AML governance framework design, as well as compliance training.

Thomas TSANG

Thomas is a Manager in the KPMG Hong Kong Forensic practice specialising in Anti-Money Laundering (AML), and Sanctions. He is a Certified Anti-Money Laundering Specialist (CAMS) and has more than 7 years of professional experience working with financial institution and non-bank financial institution clients across Hong Kong and Mainland China. Thomas has experience in leading a wide-range of anti-financial crimes engagements, including fraud and misconduct investigations and independent reviews related to AML and Anti-Bribery and Corruption (ABC).

Gervas CW LAM

Gervas is a Manager in the KPMG Hong Kong Forensic practice. He specialises in a wide range of forensic engagements involving fraud and misconduct investigations, anti-money laundering compliance review, United States Foreign Corrupt Practices Act (“FCPA”) regulatory compliance review and corporate intelligence support. He is a Certified Fraud Examiner (CFE) and has more than 6 years of professional experience working with financial institutions and non-bank financial institution clients across Hong Kong and Mainland China. He has experience in leading a wide range of anti-financial crimes engagements including fraud and misconduct investigations and remediation projects relating to AML and Anti-Bribery and Corruption (ABC).

Details

Code

TSURI20000201

Date & Time

Monday, 18 May 2020 (12:20PM - 1:20PM)

Venue

Virtual Platform

Risk Management Series