International Dialogue on Compliance, Risk Management & AML

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About the event The Asian Banker

The week at-a-glance Agenda at a Glance The Risk and Regulation Dialogue The Cash, Payments and Trade Conference The Markets and Exchanges Convention The Bank Technology and Innovation Conference

Advisory Council Speakers' Profile

Opening and Closing Keynote Session Gallery The Risk and Regulation Dialogue Gallery The Cash, Payments and Trade Conference Gallery The Technology Implementation Awards Gallery The Markets and Exchanges Convention Gallery The Bank Technology and Innovation Conference Gallery

The Asian Banker Industry Achievement Awards The Asian Banker Leadership Achievement Awards The Asian Banker Strongest Banks Awards

Leadership Achievement Awards Industry Achievement Awards Transaction Banking Awards Technology Implementation Awards The Markets & Exchanges Awards

Proposed Programme

The overall programme of the International Compliance, Risk and Money Laundering Dialogue will include the following key elements:

1. Current policy stance of the regulator

2. Dialogue on current pressing issues such as

-	US tax evasion investigation widens into Asia
-	Gambling with money laundering
-	Best practices in Chinese client wealth management
-	Raising platforms to global standards to capture QDII's.
-	KYC to improve AML practices
-	The impact of recent FATF requirements

3. Sharing of best practices in implementing anti-money laundering operations through case study presentations.

Agenda

15th June 2011
9.00-10.30	Opening Keynote Session and Panel Discussion • Cai Yilian, Deputy Head, Anti-Money Laundering Bureau, PBOC. (5mins) • International Guest Speaker, in white collar criminal law. (20 mins) • Panel discussion moderated by Emmanuel Daniel, President & CEO, The Asian Banker and Mr. Zhang Yuanhuang, Professor, JD, PhD supervisor, Beijing Normal University Institute of Law & Criminal Law Discussion Points • China Anti-Money Laundering Rules vs. the OECD's rules. Not all G20 members have yet ratified a comprehensive legal framework and with no members having stepped up their enforcement is the OECD losing momentum in the fight. While China recent adoption of foreign bribery legislation and the tighter regulations controlling 'gifts', can these actions build enough confidence in the international business environment. • Managing Anti-Money Laundering and Tax Evasion Risks How can Chinese banks balance cross border compliance with secrecy of your customer's accounts. Will FinCEN's rule making Proposal for Cross-Border Electronic Transmittals of Funds include a "safe harbour' to maintain customer privacy? What are some of the issues n the United States tax probe against several Swiss bankers and expanding to include Asian Banks. • Soccer, sports and game corruption, combating money laundering After the FBI charged three of the largest online poker websites in America with money laundering and bank fraud spread across 76 bank accounts in 14 countries. What measures can be under taken to protect financial institutes against similar incidents.
10:30 – 11:00	Morning Coffee
11:00 – 12:30	Discussion on Asian response to current International AML initiatives Current challenges in operational risk of Chinese banks in money laundering: • International tax avoidance US and UK look to Asia. What can China's Financial Institutions learn from the Swiss and Lichtenstein banking community in combating tax avoidance & money laundering and how will the recent Foreign Account Tax Compliance Act (FATCA) affect China Businesses? • Chinese Wealth Management best practices catering for the elite. How best to identify PEPs, develop internal guidelines and human resource training. • Chinese outflow through the QDII programme, raising platforms to meet global standards. Standards must be raised by financial institutes who must remain diligent in compliance as Chinese investors gain greater experience with overseas investments and seek further diversification. • KYC issues and customer service levels, protecting the customer and the financial institution by conducting enhanced ongoing monitoring of the business relationship. • Discussion on the recent FATF requirements Invited panellists: • Shi Yongyan, Research Director, General Office, Anti-Money Laundering Bureau, PBOC • Li Xiangyu, Editorial Director, PBOC Publication "Financial View" • Timothy Goodrick, Director, Financial Crime Section, Australian Government Attorney-General's Department • Guy Boyd, Head of Compliance Australia Division, ANZ • Patricia Sullivan, Regional Head of AML/Sanctions/Anti-corruption for Asia Pacific at UBS Investment Bank and UBS Wealth Management • HUI Ping, GM, Internal Compliance Dept, ICBC • WU Yuying, VGM, Accounting Dept, Minsheng Bank • TAO Chenghao, Head of Compliance Dept, Bocomm • WU Yuwu, Head, Payment & Settlement Center Team, Shanghai Pudong Development Bank
12:30 – 13:30	Networking lunch for all delegates
13.30 – 15:30	Working session We will run a series of working session that feature the experience of banks in other countries that the Operations Department in Chinese banks can learn from. 1. Case Study 1 – Matt Brown, Head of Sanctions Operations, Barclays Bank (UK) (20 mins) 2. Case Study 2 – Jean Ward, Senior Vice President, CSS, DBS Bank (20 mins) 3. Case Study 3 – Patricia Sullivan, Regional Head of AML/Sanctions/Anti-corruption for Asia Pacific at UBS Investment Bank and UBS Wealth Management 20 mins) 4. Case Study 4 – V. Maslamani, Head, Compliance, RHB Banking Group (20 mins) Each case study will include a 10 mins Q& A
15:30 – 16:00	Closing session Summary of sessions by lead Chinese speaker – either The Asian Banker researcher or invited academic.

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