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20230704 Latest AML/CTF Legislation Updates & Practical Guide to Internal Policies, Procedures and Controls

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Programme Code:
20230704
Date:
04 July 2023 (Tuesday)
Time:
7:00 pm - 8:30 pm
Speakers:

Mr. Martin Lim, Founder & CEO, Ingenique Solutions

Mr. Bible Kwan, Head of Sales, CAMS (Certified Anti-Money Laundering Specialist), Ingenique Solutions

Ms. Kate Kaiaroonsuth, Anti-Money Laundry Solutions Specialist, Ingenique Solutions

Language:
Cantonese & English
Venue:
TIHK Office, 21/F, Kam Sang Building, 255-257 Des Voeux Road Central, Hong Kong
Proficiency Level:
Intermediate Level
Fee:
$150 – $200
CPD Hours:
1.5
Seat:
100
Event Categories:
, ,
Application Form:
20230704_enrollment form

Description

Highlights:

  • Overview and highlights of the updates to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (cap. 615) (AMLO) in Hong Kong
  • Guide to Implementing AML/CFT Internal Policies, Procedures and Controls (IPPC) to mitigate money laundering and terrorist financing risks
  • Demo on how to effectively comply with AML/CTF requirements (including screening, customer due diligence, and ongoing monitoring)

 

Part 1: Updates and New Licensing Regimes on AML/CTF Legislation in Hong Kong (in Cantonese)

Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 was passed by the Legislative Council in December 2022. This session will highlight the key updates on the AML/CTF legislation, including the new licensing regimes for virtual asset services providers (VASP) and dealers in precious metals and stones (DPMS) sectors, and some other amendments, such as revised definitions of “politically exposed person” and the beneficial owner of a trust.

Part 2: Implementing AML/CFT Internal Policies, Procedures and Controls (IPPC) (in English)

Professional firms in Hong Kong, including Accountants, Company Secretaries, Lawyers, Registered Estate Agents, Dealers in Precious Metals and Stones, are required, by the AML/CTF Ordinance, to implement internal policies, procedures and controls (IPPC) to mitigate money laundering and terrorism financing risks.

This session shares practical implementation of AML/CTF IPPC that will balance compliance requirements and business needs, with focus on Customer Due Diligence and Ongoing Monitoring.

Part 3: Leveraging Technology to Fulfil AMLO Requirements (in Cantonese)

Using SentroWeb, one of the innovative AML/CTF systems, as a short demo, to show you how technology and Regtech help you effectively manage AML/CTF risks and comply with the regulatory requirements under AMLO.

Speaker Profile

Mr. Martin Lim, Founder & CEO, Ingenique Solutions

Martin is the Founder and CEO of Ingenique Solutions. With Ingenique, he focuses the company to be the trusted AML/CFT solution provider and has grown the company to serve customers across Singapore, Malaysia, Hong Kong and China. He frequently engages with small and medium sized professional firms to assist them in implementing AML/CFT policies, procedures and controls, and to prepare for regulatory inspections and reviews. Prior to joining Ingenique, Martin had more than 15 years in the IT industry covering both technical and business development responsibilities.

Mr. Bible Kwan, Head of Sales, CAMS (Certified Anti-Money Laundering Specialist), Ingenique Solutions

Bible leads the business development of the Asia market along with channel and partnership connections in Ingenique Solutions (Hong Kong branch). As a Certified Anti-Money Laundering Specialist, he offers professional insights on risk mitigation and management. He has acted as presenter and facilitator in various workshops & events and is an experienced trainer in providing training to the private sectors.

Prior to joining Ingenique, he worked in different segments such as: Credit Bureau, B2B Platform, Supply Chain & Procure to Pay Solutions, and Trade Finance to serve companies at the SME level to Global Fortune 500 enterprises.

Leveraging nearly 20 years of knowledge and experience, he understands well the risks of the global business environment and could offer unique insight to help business owners solve and mitigate risks from their current business.

Ms. Kate Kaiaroonsuth, Anti-Money Laundry Solutions Specialist, Ingenique Solutions

Kate handles sales and business development in Ingenique Solutions (Hong Kong branch). She has in-depth knowledge in professional sales. Years of experience of being a professional sales executive have helped her towards making a bigger picture contribution to the Hong Kong financial market. In order to establish a reliable and supportive role towards her clients in the provision of practical support for AML/CTF related matters, she seeks to maintain a strong bond between customers and the company.

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