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Anti-Money Laundering - 5th Annual Summit 2015

Friday, October 16, 2015
The Rooftop, Trident Nariman Point, Mumbai

The 5th Annual Summit on Anti-Money Laundering was held on Friday, October 16, 2015 at Mumbai. This event, which is the country's flagship conference on the subject, provides an exclusive platform for dialogue between regulators, financial industry practitioners and consultants on various aspects of AML and CFT.


8.30 to 9.30

9.30 to 11.30
Inaugural Session

Welcome Note
Shirish Pathak, CEO, Fintelekt

Opening Remarks: Setting the Scene
Vikas Tandon, Global Head - AML Operations, Risk & Control, Citibank

Keynote Address: Expectations of FIU India from Reporting Entities
Praveen Kumar Tiwari, Director, FIU India

Guest Address: Legal Aspects of AML/CFT in SAARC Region
Hari Kumar Nepal, Deputy Director, FIU, Nepal Rastra Bank

Presentation: WEDDed to Compliance
Eric A. Sohn CAMS, Director of Business Product, Dow Jones Risk & Compliance

11.30 to 11.45

11.45 to 12.15
Presentation: AML Screening - Trends and Best Practices
Rahul Oberai, Country Manager - India, Accuity

12.15 to 1.15
Panel Discussion (Banking)
Innovative Enhancements: Taking AML Programs to the Next Level

Vikas Tandon, Global Head - AML Operations, Risk & Control, Citibank


Sean Norris, Head of APAC, Accuity
Priyanka Kadam, Principal Compliance Officer South Asia, Moneygram International
Srinivas Yanamandra, Senior Director Compliance & Principal Officer AML, IDFC Bank
Praveen Dayal, Senior Vice President AML & Principal Officer, HSBC

Discussion Points:

  • Fine tuning the risk based approach
  • Building strong partnerships between banks, regulators and law enforcement agencies
  • Identifying links between financial inclusion, de-risking and money laundering
  • Strengthening compliance structures and risk management standards for banks and money services business
  • Preparing cooperative banks for AML inclusion
  • Evaluating linkage between terrorist financing and virtual currencies
  • Strengthening staff regulatory understanding

1.15 pm to 2.00 pm

2.00 pm to 3.00 pm
Panel Discussion (Insurance)
AML Priorities and Best Practices for Insurance Companies

Suveer Khanna, Partner - Advisory, KPMG India

S.V. Sunder Krishnan, Chief Risk Officer, Reliance Life Insurance
Vikas Anand, Director - Compliance, Legal & Internal Audit, Canara HSBC OBC Life Insurance
Manish Ghiya, Company Secretary and Head - Compliance & Legal, HDFC Standard Life Insurance

Discussion Points:

  • Money laundering typologies in the insurance industry
  • Enhancing CDD standards across agency, online and intermediaries
  • Building a culture of compliance
  • Identification of vulnerable products

3.00 pm to 3.30 pm
Presentation: Digital Strategies for Compliance
Prashant Muddu, CEO & Managing Director, Jocata

3.30 pm to 3.45 pm

3.45 pm to 4.45 pm
Panel Discussion (Mutual Funds and Capital Markets)
AML Imperatives and New Initiatives

John Mathews CAMS, Executive Vice President & Head Client Services, Principal Officer - AML, HDFC Asset Management

Supriya Sapre, Head - Compliance & Legal, ICICI Prudential Asset Management
Rama Vasantharajan, Head - Compliance & Risk Management, Birla Sun Life Asset Management
Bhalchandra Joshi, Senior Vice President - Head Service Delivery & Operations Excellence, Reliance Mutual Fund
Manoj Agarwal, Senior Vice President & Head - Internal Controls, Kotak Securities

Discussion Points:

  • Enhanced Due Diligence, including triggers for EDD; efficacy of a good EDD exercise, risks of not running an EDD program
  • Risk based approach, assessment and risk profiling, including profiling and segmenting of clients, focus parameters for high-risk clients, risks posed by financial advisors, and integration of red flag indicators and RBA
  • National Common KYC Registry - is it be a boon or bane, what is an ideal model, registry governance, and investor participation and education
  • Managing the risks of third party contracted KYC procedures
  • Leveraging technology for alert management and decoding suspicious behavioural patterns

4.45 pm to 5.45 pm

Panel Discussion (Payment Systems)
Money Laundering Risks Posed by New Payment Products and Services

Shinjini Kumar, Partner, Banking & Capital Markets Leader, PricewaterhouseCoopers

Abhay Sinha, Region Head, South Asia (Non ICICI) and Asia Pacific, 3i Infotech
Hari Parkar, AGM Operations - Compliance, My Mobile Payments
Rajul Jain, Head - Regulatory & Risk Management - M-Commerce, Idea Cellular

Discussion Points:

  • Identification of money laundering risks in new innovative retail payment mechanisms
  • Are the existing supervision structures robust enough to counter risks in new payment products and services?
  • Financial inclusion considerations and imperatives

5.45 pm to 6.00 pm
Closing Remarks
Vikas Tandon, Global Head - AML Operations, Risk & Control, Citibank

Platinum Partner

Gold Partner

Silver Partner


Silver Partner