Speaker(s)
- Mr Martin Lim, CEO, Ingenique Solutions
- Mr Bible Kwan, Head of Sales, Ingenique Solutions
- Ms Kate Kaiaroonsuth, Anti-Money Laundry Solutions Specialist, Ingenique Solutions
- Mr Edmond Chiu FCG HKFCG(PE), Council Member of HKCGI; Head of Company Secretarial Services, Greater China, Vistra (Chair)
Description
In today's complex financial landscape, Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) compliance are not merely regulatory obligations, and are also essential components of a robust governance framework. As organisations face increasing scrutiny from regulators to the public, the implications of non-compliance can be severe, including reputational damage, financial penalties, and operational setbacks. This seminar aims to equip organisations, in particular, Trust and Company Service Providers (TCSPs), and governance professionals with the necessary knowledge and tools to navigate the evolving AML/CTF landscape effectively.
Part 1: Latest Updates on AML/CTF Guidelines and New Money Laundering Trends
This session will provide a comprehensive overview of the CR’s updated guidelines on AML/CTF for TCSPs, effective from 3 March 2025. Participants will examine recent fraud cases and money laundering schemes specifically impacting the TCSP sector. Insights into the latest regulatory requirements and trends will empower TCSPs to develop proactive strategies for AML/CTF compliance and effective risk mitigation.
Part 2: Practical Guidance on Implementing Effective Internal AML/CTF Policies, Procedures, and Controls (APPC)
This session will highlight common pitfalls organizations encounter in their AML/CTF frameworks and share industry best practices for establishing robust internal APPC. The focus will be on customer due diligence (CDD) and ongoing monitoring. Participants will learn how to develop strategies for effective AML/CTF risk management, helping them avoid potential breaches and enhance their compliance posture.
Part 3: Effective Independent Audits and Streamlining AML/CTF Compliance through Technology
This session will delve into effective independent audits to meet the latest requirements of the CR within its updated AML/CTF guidelines for TCSPs, and explore how RegTech solutions can enhance AML/CTF compliance. Participants will discover how integrating technology into their AML/CTF strategies can strengthen compliance, drive operational efficiency, mitigate risks, and safeguard their organizations from emerging money laundering threats.
Remarks on this Online Session:
- This is the online session. If you wish to join in person, please click HERE for the physical session.
- Registration will be closed on 24 March 2025 at 5.00pm.
- Once enrolment in this online session is confirmed by the Institute, requests to change to physical session will not be entertained.
- Online session will be delivered via Zoom facility. The Institute has made every effort to ensure that the quality of the internet connection is sufficient for media streaming. Attendees should ensure that they are in an area of stable internet connection with suitable bandwidth as this can affect user’s experience.
Level: Intermediate
Speakers' bios:
Mr Martin Lim
Mr Bible Kwan
Ms Kate Kaiaroonsuth
Mr Edmond Chiu (Chair)
Seat guarantee will only be given to HKCGI Fellows and/or Practitioner’s Endorsement (PE) holders if registered 10 clear working days with payment prior to the date of the seminar.