• Overview
  • Programme

IBF Fireside chat - Risk & Resilience post crisis

25 Jun 2020

The COVID-19 outbreak took the world by surprise. As we emerge from the crisis, businesses have to grapple with the challenges of rebuilding their marketshare and reshaping their strategies. 

In this session, we will look at how companies approach AML risk and resilience, during and post  the Covid-19 crisis.  Participants will learn how financial services stakeholders have adapted and evolved their AML operating models. Participants will gain a deeper insight into  how their own operations can be benchmarked against best practices as they think about how they can review and refine their AML teams, systems, policies and procedures in order to face the new challenges ahead in a changed business environment.

Some of the key topics and issues that will be discussed include:

  • How has the approach to Customer Due Diligence changed?
  • The acceleration of Digitisation and remote working: what are the impacts on AML?
  • How should firms change their AML target operating models?
  • What are the impact on Transaction Monitoring, Suspicious Activity- STR and SARs?
  • How do the wider financial crime risks impact AML controls?

Event Details

Who Should Attend:Legal and Compliance personnel, AML Risk officers, regional and business line heads, and senior executives    

    

    

Date:25 Jun 2020
Time:5pm to 6pm
Venue:Go To Webinar
Fee:
 

This session will be offered free of charge.

​CPD:Attendees of the session will enjoy 1hour (non-core CPD​)

Note

  • If you are unable to join the session via Zoom, please contact events@ibf.org.sg.
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  • The full Terms & Conditions can be found here.

 

Contact

Event Secretariat

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DID: 6305 5690

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E: events@ibf.org.sg

IBF Fireside Chat - AML Risk and Resilience in a COVID-19 Era

25 Jun 2020

Time Activity
5.00pm Welcome Remarks
IBF            
5.05pmOpening Address
ICA            
5.10pm

AML Risk and Resilience – developments and an update

How has financial crime risks changed as business models evolved? What are some of the latest challenge and issues the financial sector has had to deal with?  

Pekka Dare, Director Delivery Excellence & Stakeholder Engagement, ICA

5.30pm

Industry Discussion
Industry benchmarks in AML response
Impact of COVID-19 on FIs' AML risk and resilience measures. e.g. How has the approach to Customer Due Diligence changed? How does the increase of digitising business processes and remote working impacted AML processes? What is the impact on Transaction Monitoring, Suspicious Activity- STR and SARs 
How should firms change their AML target operating models?
How do the wider financial crime risks impact AML controls?           

Beaver Chua, Head, Group Policy Governance & AML/CFT, OCBC

Fiona Tan, Head, First Line Defence, Private Banking SG and EAM APAC, Credit Suisse

Yu Beng Soon, Head, Financial Crime and AML Compliance, SCB

Pekka Dare, Director Delivery Excellence & Stakeholder Engagement, ICA  (Moderator)

6.00pm

End of Session