FRAUD THE PERFECT STORM

Transcription

1 COMBATING FINANCIAL FRAUD THE PERFECT STORM L A B U A N 10 & 11 August 2016, Dorsett Grand Labuan. Featuring prominent international speakers and senior regulators, financial practitioners and corporate leaders. 11 CPD HOURS Platinum Sponsor Diamond Sponsor Gold Sponsors

2 Overview The Asian Institute of Chartered Bankers (AICB) is proud to present the fourth installment of Combating Financial Fraud Conference in Labuan. This year s theme The Perfect Storm brings forth industry experts in international banking to shed light on cross border transactions, governance on offshore tax, common reporting standards and the legislation governing international financial centres. This conference will feature prominent international speakers and senior regulators, financial practitioners and corporate leaders. Speakers will also provide insightful discussions on ideas and opportunities that can be adopted in order for financial institutions to drive sustainable growth and remain profitable in a challenging financial landscape. 150 attendees will be brought together in this financial and banking platform. It will provide immense opportunities to network without boundaries. Conference Format 1/2 day workshop 1 day conference Main Topics Anti-Money Laundering and Risk Based Methodologies Eliminating Friction in Cross Border Transactions Offshore Tax Haven - The Challenges and Governance Operational Requirements - Common Reporting Standards Transformation of International Financial Centres - Legislation and Governance Conference Takeaways Obtain industry relevant skills through first-hand experiences from professionals during interactive workshops Keep abreast with new trends and emerging financial crime trends shaping the banking industry Engage in high-level sharing of perspective and networking with a range of bankers, senior officials and thought leaders Utilise lessons learned, actionable solutions for identifying similar flaws within your institution s compliance framework 2

3 Profiles Datuk Ahmad Hizzad Baharuddin, CB Director General, Labuan Financial Services Authority Datuk Ahmad Hizzad was appointed the Director General of Labuan Financial Services Authority (Labuan FSA) on 3 October He currently serves as director for Labuan IBFC Inc. Sdn Bhd, Labuan FSA Incorporated Sdn Bhd, Pristine Era Sdn Bhd, Financial Park (L) Sdn Bhd, Labuan Corporation and a member of the Audit Committee of Labuan Corporation. He is also a Board Member of the International Islamic Financial Market in Bahrain. He was appointed as the Assistant Governor of Bank Negara Malaysia in Prior to his appointment in Labuan FSA, Datuk Ahmad Hizzad was the Director of Islamic Banking and Takaful Department in Bank Negara Malaysia (BNM). He started his career in BNM in 1986 and has served in various departments in the Bank. He holds a Masters Degree in Business Administration from St. Louis University, St Louis, Missouri, United States of America. He is a Chartered Banker Member of the Asian Institute of Chartered Bankers. Richard Chalmers Consultant, Anti-Money Laundering, UK Until early-2014, Richard Chalmers was an International Adviser at the UK s Financial Conduct Authority (FCA), and had been part of the UK delegation to the Financial Action Task Force (FATF) for 15 years. For the period , Richard co-chaired the FATF working group that undertook the latest revision of the international standards on anti-money laundering and the combating of terrorist financing (published in 2012), and subsequently developed the new assessment methodology (published in 2013). For several years, he has been closely involved in the assessments of countries compliance with the international standards, having worked on the reports, among others, of India (twice), the United States, China, Malaysia, the United Arab Emirates, Hong Kong, Germany and Italy. Between 2009 and 2014, Richard was also chair of the FATF s Africa/Middle East Regional Review Group, which engages with countries that have strategic deficiencies in their AML/CFT regimes. Richard resigned from the FCA in March 2014, and now works, part-time, as a freelance consultant on money laundering and terrorist financing issues, working primarily with the international financial institutions, central banks and regulatory authorities. Derick has over 10 years of professional experience in regional risk and compliance across banking, insurance, capital markets, a Fortune 100 MNC and a law enforcement agency, specialising in regulatory compliance, antimoney laundering, financial crime, corporate governance, ethics, and risk management. In his current role as a Course Director with International Compliance Training Academy, Derick is in charge of developing and delivering training courses in anti-money laundering, compliance and financial crime prevention, both locally and around the APAC region. Choo Jin Ming Derick Course Director, International Compliance Training Academy Academically, Derick holds a Graduate Diploma in Compliance and is currently pursuing a Master of Science in Law, Governance, Risk and Compliance. He is a certified IBF Advanced in Compliance (IBFA) and is a Fellow; Certified Professional member of International Compliance Association (FICA). 3

4 Profiles Currently the Managing Partner of Messrs Sheila Hussain Vijay & Partners, a law firm specialising in the area of banking, Vijayaraj R Kanniah is also the Managing Director cum Principal Trainer of Visioon Business Solutions Sdn Bhd. Vijayaraj was admitted as an Advocate & Solicitor of High Court of Malaya. He remains active as a legal consultant, practitioner and a trainer in the areas of credit, banking operations, corporate governance, anti-money laundering & anti-terrorism financing and other legal compliance areas with various banks, financial service providers, enforcement agencies and corporations within the region. Vijayaraj R. Kanniah MIBM, ACIS Managing Partner, Messrs Sheila Hussain Vijay & Partners Vijayaraj holds a Master of Laws (LLM) from University of Malaya and three degrees, namely, Bachelor of Law (LLB) from University of London, Bachelor of Social Science from University Science of Malaysia and ICSA from Malaysian Institute of Chartered Secretaries & Administration. He also holds an International Diploma and Advance Certification in AML/CFT by the Institute of Bankers Malaysia, International Compliance Association with collaboration with the University of Manchester, Alliance Manchester Business School. Vijayaraj s other professional qualifications includes Certificate in Legal Practice, Certified Credit Professional, Certified Credit Professional Islamic, Certificate in Life Insurance & Investment Link. He is currently an appointed speaker of Asian Banking School for various investment and commercial banks as well as financial services providers. With close to 20 years of regulatory and compliance experience in Malaysia and Asia-Pacific, Mohammad Ridzuan Abdul Aziz is one of the co-founders and Chief Executive Officer of RHT Compliance Solutions (RHTCS). RHTCS is the first and only integrated outfit providing legal, governance and financial services regulatory compliance solutions for financial institutions in Malaysia, Singapore and Jakarta. Mohammad Ridzuan Abdul Aziz Chief Executive Officer, RHT Compliance Solutions (RHTCS) With RHTCS, Ridzuan is actively providing practical regulatory advisory and training to financial institutions, fund management entities, market intermediaries (equity and derivatives broker) as well as sovereign wealth managers on regulatory requirements, internal policies and licensing matters. He also provides advice on AML/CFT, financial technology (FinTech), regulatory technology (RegTech) and the impact of technology adoption from external and internal compliance perspectives. Ridzuan graduated from the University of Wales, Aberystwyth in 1997 with BSc Economics, majoring in Accounting and Finance. He obtained an MBA from the International Islamic University Malaysia in the year

5 Profiles Hsin Ying was appointed as a Deputy Director in FIED in September Since May 2016, her key responsibilities include overseeing the conduct of tactical and strategic analysis of relevant reports on assigned crimes to support the dissemination of financial intelligence to the relevant law enforcement authorities, prompt identification of ML/TF risks related to assigned sectors and institutional ML/TF risks within the banking sector, operationalization of effective strategies to mitigate risks identified, domestic coordination of ongoing ML/TF efforts in relation to assigned stakeholders, and international coordination of FATF and APG-related matters in relation to assigned portfolios. Lim Hsin Ying Deputy Director, FIU 1, Financial Intelligence and Enforcement Department Bank Negara Malaysia Since joining the Central Bank in 1999, Hsin Ying has gained expertise across a range of functions, which include prudential and fair conduct regulations, prudential supervision of domestic and foreign banks, AML/CFT supervision of reporting institutions in the non-financial sectors, enforcement and financial investigations on financial institutions, the development of strategies and policies to support the growth of SMEs and strategic communications. Prior to joining FIED, she had served in the Banking Supervision Department, SME Taskforce, SME Special Unit, Development Finance and Enterprise Department, Corporate Communications Department and the Consumer and Market Conduct Department. In terms of organizational development, Hsin Ying has been instrumental in seeing through the successful restructuring of two core departments in the Central Bank i.e. the Consumer and Market Conduct Department in 2013 and the Financial Intelligence and Enforcement Department in Hsin Ying was a Central Bank Scholar and holds a B.Sc (Hons) in Economics and Accounting from the University of Bristol and a M.Sc. (Merit) in Poverty and Development from the University of Manchester. Hsin Ying completed the Executive Programme on Micro and Small and Medium Enterprise Development at Harvard s Kennedy School of Government and was awarded the Quality Service Award 2008 in recognition of her outstanding contributions to the Bank in establishing the National SME Development Council Secretariat and for the formulation of the National SME Development Blueprint. Zac has over 15 years experience advising on all areas of international private client law, including cross border estate and succession planning, creation of private family trusts including discretionary, life interest and reserved power trusts, as well as commercial trusts, including employee benefit, pension and unit trusts. Zac Lucas Head of Private Capital, Partner, Gowling WLG (UK) LLP (Singapore Branch) Zac has a particular expertise in advising business families on all areas of family and business governance planning, and as a result his clients include some of the most well established business families in the region. Zac is a principal member of the Gowling WLG (UK) LLP team advising on the OECD Common Reporting Standards (CRS), and as a result has been engaged by a number of wealthy individuals, families and financial institutions to advise in relation to CRS. Zac is a admitted to practice law in the UK (England & Wales), British Virgin Islands and Anguilla. 5

6 Programme Agenda Day 1 10 August pm 2.00pm 3.15pm 3.40pm 5.00pm 3 CPD HOURS Registration Workshop on Anti-Money Laundering and Risk Based Methodologies Vijayaraj R. Kanniah - Managing Partner, Messrs Sheila Hussain Vijay & Partners Coffee Break Workshop Continued End of Session Programme Agenda Day 2 11 August am 8.30am 8.45am 9.00am 8 CPD HOURS Registration Welcome Remarks Opening Address Datuk Ahmad Hizzad Baharuddin, CB - Director General, Labuan Financial Services Authority (Labuan FSA) Keynote Speaker 1 Eliminating Friction in Cross Border Transactions Factors that contribute to a good cross border relationship Do you really know your customer? How well do international institutions manage their global AML risk? To what extent are you prepared to share information? 6

7 Programme Agenda Day 2 11 August am 10.45am 12.15pm 2.00pm 3.30pm 3.45am 5.15pm 5.30pm Coffee Break Plenary 1 Offshore Tax Havens The Challenges Faced and Governance Today Offshore havens in Asia how different are we from Europe? Major challenges faced in Asia Emphasis on governance, is there a difference in standards? Networking Lunch Keynote Speaker 2 Operational Requirements Common Reporting Standards Coffee Break Plenary 2 Transformation of International Financial Centres Legislation and Governance Closing Remarks End of Conference Collection of Certificates 7

8 Registration Form REGISTER NOW The conference will bring together experts and practitioners from across the financial services sector and law enforcement on topics related to financial industry and the spectrum of financial crime that exists not only in Asia but around the globe. Please register before 29 July Tick ( ) where applicable. Confirmation of registration is upon receipt of full payment. AICB Member RM750 Non member RM900 Student RM400 All prices are inclusive of 6% GST. For payment by cheque or bank transfer, fill in the form below. This conference is STF claimable, to utilise STF, fill in the form on page 9. REGISTRATION DETAILS Name: Company Name: Designation: Contact No: (office) (mobile) Address: PAYMENT DETAILS Preferred Method: IBG Bank Name: Malayan Banking Berhad Bank Address: Bukit Bintang Branch, 42-2 Ground Floor & 1st Floor, Jalan Sultan Ismail, Kuala Lumpur, Malaysia Bank Account Number: Bank Swift Code: MBBEMYKL Beneficiary Name: Asian Institute of Chartered Bankers Beneficiary Reg. No: P Beneficiary Address: Wisma IBI, No 5 Jalan Semantan, Damansara Heights, Kuala Lumpur the proof of payment (remittance advice) to Ms. Hui Ling at penang@aicb.org.my or fax to (604) QUESTIONS? Call (604) or penang@aicb.org.my 8

9 REGISTRATION FORM Combating Financial Fraud: The Perfect Storm Dorsett Grand Labuan 10 & 11 AUGUST 2016 AICB Member RM750 all prices are inclusive of 6% GST Name (as per NRIC) PARTICIPANT 1 New NRIC No (mandatory) - - Designation & Department Telephone Fax Name PARTICIPANT 2 New NRIC No (mandatory) - - Designation & Department Telephone Fax Name Organisation Name Organisation Address Telephone Fax Non Member RM900 Please register the following participant(s) for the above programme: CONTACT PERSON / NOMINATING OFFICER PAYMENT (Must be made before commencement of programme) Payment by STF Credit, Cheque, TT or Credit Card I would like to utilise the STF Credit to pay for the above training programme amounting to RM I enclose a cheque / draft / MO / PO* No. for RM made payable to Asian Institute of - Chartered Bankers I enclose the receipt of the Telegraphic Transfer. Bank details are as follows: Pay to: Asian Institute - of Chartered Bankers Account No.: Name of Bank: Malayan Banking Berhad (Bukit Bintang Branch) Swift Code: MBBEMYKLXXX Address: 42-2, Ground & 1st Floor, Jalan Sultan Ismail, Kuala Lumpur I authorise AICB to debit my Master Card / Visa Card* for the amount of RM Credit Card No. Expiry Date / STF Claimable (* delete where appropriate) Cardholder s Name: Cardholder s Signature: (as per credit card) HEAD OF HUMAN RESOURCE/LEARNING & DEVELOPMENT: Company Stamp: *Signature: Name: Designation: *For GP4 Institutions Only By signing this form, we hereby agree to allow AICB to knock off the abovementioned amount against our existing STF Credit balance if it remains unpaid by the date of the training. FOR AICB OFFICIAL USE ONLY Confirmation by programme admin: Invoice No.: Signature: Name: Date: Verification by Accounts Department: STF Credit Availability (Please tick ): Yes, sufficient STF Credit available No, insufficient STF Credit Claim No.: Ref. No.: Signature: Name: Date: 9