Day 2

Scam, sham, scheme, flimflam, swindle, or con—whatever the name, fraud is an age-old crime. However, it has drastically evolved in recent years, driven by faster payment channels and cyber-enabled bad actors. Far from the small-scale individual acts or larger corporate offences of the past, organised high-volume fraud has now reached epidemic levels, posing a growing threat to national security and financial stability.

Vo Thanh Tai, Director Marketing Planning, Fraud & Identity – APAC, Lexis Nexis Risk Solutions
Will Tully, Regional Head Of Fraud, ASP WPB, HSBC
Lim Kah-Wee, Director – Payment Fraud Disruption, Visa

Moderated by Bradley Maclean, Co-Founder, Regulation Asia

Mule accounts play a critical role in fraud and money laundering processes. In light of the complexities involved in identifying such activity, this session will focus on the personas and common behaviours financial institutions should be on the lookout for, as well as the emerging technologies, tools and best practices that can help to guard against the financial, reputational and regulatory risks associated with mule accounts.

Tim Dalgleish, VP Global Advisory, BioCatch

Hosted by Nick Wakefield, Co-Founder, Regulation Asia

Earlier this year, Singapore announced wide-ranging sanctions and export controls over Russia’s invasion of Ukraine, just the second time in the city state’s history that it is has censured a foreign nation without direction from the UN Security Council. Sanctions compliance has become ever more complex in recent years. This panel will discuss the sanctions-related challenges experienced by financial institutions and crypto exchanges operating in the city, as well as expectations from regulators on the measures that should be taken to assess risk and prevent evasion.

Natalie Curtis, Partner, Herbert Smith Freehills
Grace Chong, Head of Financial Regulatory (SG), Gibson Dunn
Jason Norman Lee, Managing Director Legal and Regulatory, Temasek

Moderated by Guy Sheppard, General Manager Financial Services, Aboitiz Data Innovation

The use of shell companies by criminal actors to hide illicit profits has been a long-standing problem hindering AML efforts. This panel will discuss the work underway to shine a spotlight on anonymous corporate structures, and the so-called ‘gatekeepers’ that enable them. We discuss global efforts to improve beneficial ownership transparency, bring professional enablers under the AML regulatory remit, and enhance customer lifecycle risk management with entity resolution and network analytics techniques.

Matthew Field, APAC AML Market Director, NICE Actimize
Raaj Kumar Khetan, APAC Head, Global KYC Policy Oversight & Governance, Citibank
S Suressh, Partner, Harry Elias Partnership

Moderated by Manesh Samtani, Editor, Regulation Asia

Since January 2017, the number of sanctioned persons globally has increased by 255 percent. Over 47,000 individuals and entities are now sanctioned globally. In this session, sanctions specialist Michael Meadon will discuss the growing complexity of sanctions regimes, the importance of having a formal design mindset to screening, the interconnectedness of sanctions with other types of risks, and how financial institutions can ensure compliance.

Michael Meadon, Proposition Sales Director, Risk, APAC, Refinitiv

Open water ship-to-ship transfers, vessel identity laundering and other illicit practices are commonly cited as ways for sanctioned states and entities to bypass trade restrictions and other bad actors to launder money. This panel will explore common sanctions evasion and TBML typologies and red flags, focusing on the data, due diligence and controls financial institutions should have in place to detect and prevent risk.

Nathanael Lin Partner, Shipping and International Trade, Rajah & Tann
Kelvin Toh, Head of Sanctions and Transaction Monitoring, HSBC
Cliff Lim, Director of Risk and Compliance (Southeast Asia), Dow Jones

Moderated by Bradley Maclean, Co-Founder, Regulation Asia