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Anti-Money Laundering – 8th Annual Summit 2018

Thursday 25th October & Friday 26th October 2018, Vivanta by Taj President, Mumbai, India

Anti-Money Laundering - 8th Annual Summit 2018

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

The summit covered the latest national and regional trends and served 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

Day 1 - 25 October 2018

8.30 am – 9.30 am
Registration


9.30 am – 9.45 am


Welcome Note

Shirish Pathak
Managing Director
Fintelekt Advisory Services

9.45 am to 11.00 am


Keynote Address followed by Q&A Session

Manoj Kaushik
Additional Director
Financial Intelligence Unit India (FIU-IND)


11.00 am – 11.15 am
Tea/Coffee Break


11.15 am – 11.45 am


Presentation: The Future of Compliance Screening – Are You Ready?

Saurabh Nagar
Regional Manager, Business Solutions Group, APAC
Accuity


11.45 am – 12.15 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


12.15 pm – 12.45 pm
LOW risk doesn’t mean NO risk – How to stay compliant in a rapidly changing world of Financial Crime and Compliance?


Vinod Menon
Regional Manager, South Asia
Bureau van Dijk – A Moody’s Analytics Company


Nicholas McTaggart
Founder
Murinbin Consulting Pty Ltd  


12.45 pm – 1.45 pm
Networking Lunch


1.45 pm – 2.30 pm


Presentation: What to Consider in an AML Compliance Audit / Assessment

Pushpendra Sharma
Head of Compliance
RBL Bank

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.


2.30 pm – 3.15 pm


Presentation: 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.


3.15 pm – 3.45 pm

Presentation: Central KYC Registry in India

Sagar Tanna
Co Founder
TSS Consultancy

The presentation will provide an introduction to CKYCR, coverage and obligation of reporting entities. It will also cover the positive impact of these developments on digital customer on-boarding, opportunities to generate new business and assistance that it provides in risk mitigation, as well as differentiating factors between Aadhaar EKYC and CKYC.


3.45 pm – 4.15 pm
Tea/ Coffee Break


4.15 pm – 5.15 pm


Presentation: Risk Assessment of Suspicious Transaction Reports for Effective Utilisation and Management

Amitav
Additional Director General
Directorate of Risk Assessment
Government of India

Gold Partners

Silver Partner

Technology Partner

Support Partner

Day 2 - 26 October 2018

9.30 am – 10.30 am
Panel Discussion
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

Moderator:


Kamlesh Rangan 
Director & Operations Lead – AML CoE
Ernst & Young 

Panelists:


Farokh Adarian
Principal Officer
ICICI Bank Limited


Charan Rawat
Former Chief Governance Officer
Barclays Bank India
 


Jairam Manglani
Country Financial Crimes Compliance Head & MLRO
Standard Chartered Bank India


Nicholas McTaggart
Founder
Murinbin Consulting Pty Ltd 


10.30 am – 11.00 am
Tea/ Coffee Break


11.00 am to 12.00 pm
Panel Discussion: Red Flag Indicators for AML Compliance in Insurance
Expert speakers from Insurance companies will present on the latest trends and typologies and corresponding red flag indicators for effective AML compliance.

Moderator:


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

Panelists:


Vikas Anand
Chief Compliance Officer
Canara HSBC OBC Life Insurance


C.L. Baradhwaj
Executive Vice President (Legal & Compliance) & Company Secretary
Future Generali India Life Insurance Company 


Arpit Ratan
Co-Founder
Signzy 


12.00 pm to 1.00 pm
​Panel Discussion: Red Flag Indicators for AML Compliance in Mutual Funds and Capital Markets 

Expert speakers from Mutual Fund and Capital market companies will present on the latest trends and typologies and corresponding red flag indicators for effective AML compliance within these sectors.

Moderator:


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

Panelists:


John Mathews
Executive Vice President & Head – Client Services
Principal Officer – AML
HDFC Asset Management


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


Omkar Shirhatti
Co-Founder and CEO
Karza Technologies 


​1.00 pm – 1.45 pm
Networking Lunch


1.45 pm – 2.15 pm
Presentation: Artificial Intelligence and Machine Learning 


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


2.15 pm – 3.30 pm
Panel Discussion: 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

Moderator:


Arpita Bedekar 
Director – Marketing
Fintelekt Advisory Services

Panelists:


Dr. Sathyan David
Program Director
CAFRAL 
 

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

 


Sagar Tanna 
Co Founder
TSS Consultancy P Ltd. – TrackWizz 
 


KV Srinivasan
Director and Chief Executive Officer
Profectus Capital  


3.30 pm – 4.00 pm
Tea/ Coffee Break


4.00 pm – 5.00 pm
Valedictory Address – How can Technology be Leveraged by the Financial Sector to Detect and Curb Money Laundering in the Country


Sanjeev Singh
Additional Director General – Systems
Directorate of Income Tax
Government of India


5.00 pm
Closing Session and Vote of Thanks