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:
This session will be offered free of charge.
DID: 6305 5690
25 Jun 2020
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
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)
End of Session