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e20230704 Latest AML/CTF Legislation Updates & Practical Guide to Internal Policies, Procedures and Controls

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Programme Code:
e20230704
Date:
04 七月 2024 (Thursday)
Speakers:

Mr Martin Lim, Founder & Director, Ingenique Solutions

Mr Bible Kwan, Head of Sales (Northeast Asia) – Channel & Partnership, Ingenique Solutions

Ms Kate Kaiaroonsuth, Sales & Marketing Executive, Ingenique Solutions

Language:
Cantonese & English
Venue:
Live webinar
Proficiency Level:
Intermediate Level
Fee:
$150
CPD Hours:
1.5
Seat:
100
Event Categories:
,
Free Preview:
https://youtu.be/vfnd8GLm0TA

Description


Please be reminded that this is an e-seminar which can be accessed anytime to obtain the CPD hours.

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.

No CPD hours will be granted if you have already attended the live webinar on 4 July 2023.

Speaker Profile

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.

Bible leads the business development of Northeast Asia market along with Channel and Partnership connection in Ingenique Solutions. Prior to joining Ingenique, he worked in different segments, such as: B2B Platforms, Supply Chain & Procure to Pay Solutions, Credit Bureaus, and Trade Finance, serving from SME level companies to Global fortune 500 companies.

Leveraging on his past 15 years knowledge and experience, he understands well the risks of the global business environment and can provide unique insights to help business owners to solve and mitigate risk from their current business. Bible has an academic background in Business Administration & Sales, Information Systems and Global Trade Finance.

Kate handles sales and business development in Ingenique Solutions (Hong Kong branch). She has in-depth knowledge in the sales professional aspect. Years of experiences of being a professional sales executive has been driven to her to a bigger picture to contribute to Hong Kong Financial market. In wish to establish a reliable and supportive role for her clients in presenting practical supports in AML/CTF related concerns, she brings forward to maintain an inseparable bonding among customers and the company.