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Anti-Money Laundering - 8th Annual Summit 2018

Vivanta by Taj President
Mumbai, India

In its 8th year, India’s flagship conference on Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) will be held over two days in Mumbai.

The summit will cover the latest national and regional trends and serve as an exclusive platform for dialogue between regulators, financial industry practitioners and consultants on various aspects of AML and CFT.

"I request all AML officers to create a culture of compliance within their organisation, without which compliance will be merely technical and will not move to qualitative compliance."
Manoj Kaushik, IPS, Additional Director, FIU - India @ Fintelekt 7th Annual AML Summit 2017, Mumbai

"The role of AML compliance officers in staying ahead of the perpetrators of money laundering and terrorist financing, is becoming increasingly complex. Breaking down silos within organisations will be critical towards information and knowledge sharing for fighting the perpetrators of crime."
Vikas Tandon, Global Head - AML Risk & Control, Citibank
@ Fintelekt 7th Annual AML Summit 2017, Mumbai

8.30 am – 9.30 am

9.30 am – 10.30 am
Inaugural Session

Welcome Note

Shirish Pathak
Managing Director
Fintelekt Advisory Services


Keynote Address

Pankaj Kumar Mishra
Financial Intelligence Unit India (FIU-IND)


10.30 am – 11.00 am
Presentation by Accuity

11.00 am – 11.30 am
Tea/Coffee Break

11.30 am – 12.15 pm

Presentation: Countering Proliferation Finance

Tom Keatinge
Director - Centre for Financial Crime & Security Studies
Royal United Services Institute for Defence and Security Studies (RUSI), London

Following three years of research into Countering Proliferation Finance (CPF) and the responses of governments and regulated sectors around the world, the Royal United Services Institute (RUSI), a defence and security think-tank based in London, will present their findings and latest research. RUSI will look at ways in which financial institutions can successfully contribute to a jurisdiction’s counter proliferation finance obligations under FATF recommendations, UN Security Council Resolutions, and unilateral sanctions regimes. This includes understanding the nature of the risk that proliferation finance represents for the financial and insurance sectors, as well as identifying best practice and innovative approaches to address vulnerabilities. 

12.15 pm – 12.45 pm

Presentation: The Need for Improved Public/Private Sector Information Sharing in the Fight Against Financial Crime

Phil Cotter

Managing Director
Thomson Reuters Risk & Supply Chain

12.45 pm – 1.15 pm
Presentation by Bureau van Dijk

1.15 pm – 2.00 pm
Networking Lunch

2.00 pm – 2.45 pm
What to Consider in an AML Compliance Audit / Assessment

A regular AML audit or independent assessment is critical to determine whether an organisation’s AML programme delivers on its planned objectives, apart from meeting regulatory obligations. However, time and cost considerations often weigh heavily on the quality of AML audits. The session brings in practical advice and critical success factors in terms of making the most of an AML audit, as well as common pitfalls that can be avoided.

2.45 pm – 3.30 pm

Elements of an Effective STR

Ravi Lahoti
Principal Officer and Head AML
HDFC Bank 

An STR (or SAR) is often considered as the heart of an AML compliance programme and forms the foundational input on the basis of which law enforcement agencies begin their crackdown on criminals. However, the quality of STRs remains a subjective issue, with regulators and law enforcement agencies often expecting more from reporting entities. The session will focus on what constitutes a good STR and how to improve the quality of an STR within the constraints of limited analyst time and resources.

3.30 pm – 4.00 pm
Tea/ Coffee Break

4.00 pm – 5.30 pm
Panel Discussion: Regional FIU Representatives

Key Issues:

  • Systemic AML challenges within the South Asia region
  • Issues in international co-operation
  • Enforcement trends around the region
  • Future of AML in South Asia

6.00 pm onwards
Networking Drinks and Dinner
(By invitation only)

9.30 am – 10.45 am
Parallel Tracks

Parallel Session (A):
Trade Based Money Laundering

Key Issues:

  • Latest trends and typologies
  • Regional developments and their impact on TBML monitoring
  • The importance of industry co-operation and what more can be achieved

Parallel Session (B):
Strengthening the AML Compliance Framework in Non-Banking
Finance Companies (NBFC)

Key Issues:

  • Key AML compliance challenges for NBFCs
  • Addressing limited awareness around PMLA guidelines
  • The role of technology and training in effective compliance


Pankaj Malik
CFO and Chief Compliance Officer and
Company Secretary
Fullerton India


Sagar Tanna 
TSS Consultancy  


10.45 am – 11.15 am
Tea/ Coffee Break

11.15 am – 12.15 pm
Parallel Tracks

Parallel Session (A):
Improving AML Investigations

The session will features experienced investigators who will highlight best practices around improving communication and co-operation between different departments within the organisation, addressing gaps in the system, enhancing monitoring capabilities and providing relevant training to AML staff.


Prasun Singh
Chief of Internal Vigilance


Parallel Session (B):

Red Flag Indicators for AML Compliance in Specific Sub-sectors: Insurance, Capital Markets and Mutual Funds

Expert speakers from Insurance, Capital markets and Mutual fund companies will present on the latest trends and typologies and corresponding red flag indicators for effective AML compliance within the three sectors.

Debmalya Maitra
Sr Director - BFSI, Chokshi Group; 
Partner - Chokshi & Co; 
Advisory Board Member, Fintelekt



John Mathews
Executive Vice President
HDFC Asset Management


Bhalchandra Y Joshi
Senior Vice President, Head Service Delivery and Operations Excellence
Reliance Mutual Fund


Sunder Krishnan
Executive Vice President & CRO
Reliance Life Insurance


S Swaminathan
Senior Vice President, Legal & Compliance and Company Secretary
Tata AIA Life Insurance


12.15 pm – 1.15 pm
Parallel Tracks

Parallel Session (A):
Regulatory Technology (RegTech)

Riding on the Fintech wave, RegTech companies are bringing in innovative solutions globally to address AML challenges of banking, financial services and insurance companies. This interactive panel will see Indian RegTech companies present their innovative solutions and use cases

Parallel Session (B): 
Human Trafficking and Slavery 

Banks and financial institutions have a moral obligation to detect and report money laundering, and their monitoring efforts can have a huge impact on people’s lives especially when humanitarian crimes such as human trafficking, slavery and child abuse are involved. The session will highlight some of the latest trends and will discuss emerging methods in detecting and preventing such crimes.

​1.15 pm – 2.00 pm
Networking Lunch

2.00 pm – 2.30 pm
Presentation: Artificial Intelligence and Machine Learning 

Prashant Muddu
Chief Executive Officer and Managing Director
Jocata Financial Advisory and Technology Services 


2.30 pm – 3.00 pm
Presentation by Silver Partner

3.00 pm – 3.30 pm
Aligning AML Compliance and Financial Inclusion Objectives

Key Issues:

  • Challenges in on-boarding customers from financially weaker sections
  • The role of technology in simultaneously enhancing AML and financial inclusion
  • The role of regulation and the regulatory sandbox in promoting financial inclusion

3.30 pm – 4.00 pm
Tea/ Coffee Break

4.00 pm – 4.30 pm
Presentation on Central KYC Registry in India

4.30 pm – 5.15 pm
Valedictory Address - How can Technology be Leveraged by the Financial Sector to Detect and Curb Money Laundering in the Country

Sanjeev Singh
ADG Systems, Directorate of Income Tax, Government of India



5.00 pm
Closing Session and Vote of Thanks

Online Registration

Banks and Financial Institutions:

Early Bird Offer (valid until Sept 15, 2018):
INR 9,500 +18% GST

Standard Registration Fee:
INR 11,500 + 18% GST

Technology / Consulting Firms / Suppliers:

Early Bird Offer (valid until Sept 15, 2018):
INR 19,000 +18% GST

Standard Registration Fee:
INR 23,500 + 18% GST

The registration fee includes tea/coffee and lunch on both days of the conference, as well as conference material. Please note that the delegate pass will not be transferable.

To register and pay online, please click the link below:

Offline Registration

To request an invoice to process your registration and make payment offline, please contact Prasanna Yadav at or at +91 9689003720

Gold Partners


Silver Partner


Technology Partner