Preliminary Program
Monday, March 19
13:00 – 13:30
Registration/Sign in
13:30 – 13:50
13:50 – 14:20

Domestic Anti-Money Laundering Policy Interpretation

Interpretation to update and discuss current local policy and requirements of AML, and also the potential future of such procedures

14:20 – 14:50

BAFT Combating Trade Based Money Laundering: Rethinking the Approach

Review of BAFT’s recently released paper that proposes alternative, collaborative approaches to solving the problem of trade based money laundering by increasing the public and private sector partnership.

14:50 – 15:20

Innovation in Financial Technology for Usage in the Field of Anti-Money Laundering

Innovative ways and methodologies in using the latest technological advantage to counter the challenges faced in financial crime.

15:20 – 15:20
Networking Coffee/Tea Break
15:40 – 16:10

Wolfsberg Due Diligence Questionnaire: Update

A detailed discussion on the updated Due Diligence Questionnaire planned for release this February. The materials include publication guidance (who this applies to, reasons for doing it, expectations for implementation); completion guidance (a question by question explanation of what each question means and how to respond to it); FAQs (questions the Group already received and think are important for people to understand the answers to) and a glossary (consistent terminology so people don't interpret inappropriately/incorrectly and so FIs have the same baseline of understanding on e.g. products).

16:10 – 16:40

Discussion on the Topic of Overseas Compliance

To present and discuss how the compliance procedures of other countries affects the local AML policies and procedures.

Wrap Up

Tuesday, March 20
08:30 – 09:00
Registration/Sign in
09:00 – 9:15
09:15 – 10:30
Trade Based Money Laundering
  • A. What is TBML
  • B. Typologies/Case Study
10:30 – 10:50
Networking Coffee/Tea Break
10:50 – 12:00
Trade Based Money Laundering
  • A. How do banks involved in trade finance identify TBML
  • B. Alternative ways to combat TBML
12:00 – 13:00
Networking Lunch
13:00 – 14:00
Correspondent Banking: AML Requirements
  1. A. Risk rating and customer due diligence
    • • Initial
    • • Event-driven and periodic refresh
  2. B. Transaction monitoring
14:00 - 15:00
Correspondent Banking: Clarification of Regulatory/Supervisory Expectations
15:00 – 15:20
Networking Coffee/Tea Break
15:20 – 17:00
Correspondent Banking: Tools and Best Practices
  • A. New Wolfsberg Group due diligence questionnaire
  • B. KYC registries
  • C. Transaction monitoring powered by AI
  • D. Group-wide information sharing
  • E. BAFT’s respondent’s playbook
Wrap Up