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Fintelekt- ABA Short-Term Visiting Programme held in Mumbai, India

Fintelekt Advisory Services and the Asian Bankers Association jointly hosted the second Short-term Visiting Program on “Making AML/CFT Top Priority for Banks” in Mumbai, India on February 27-28, 2020.

The objective of the programme was to provide compliance officers of banks around the region with a strategic understanding of emerging risk factors and an opportunity to enhance and upgrade their management skills and knowledge in the area of AML/CFT.

Shirish Pathak, Managing Director, Fintelekt Advisory Services and Mig Moreno, Deputy Secretary and Treasurer, Asian Bankers Association opened the two-day programme with their remarks on the importance of AML/CFT and the goal of the short-term visiting programme.

The agenda for the two-days included presentations on

  • regulatory developments and trends around the region,
  • emerging AML/CFT risk factors and their impact on banks,
  • best practices in building governance frameworks,
  • balancing business and compliance priorities in the organisation,
  • making transactions monitoring more efficient,
  • ultimate beneficial ownership, and
  • use of technology and innovation in screening and financial crime compliance.

The interactive sessions were led by Pramod Khandelwal and Shafath Mujawar – both Fintelekt-empanelled faculty members, Debmalya Maitra – Chartered Accountant and Senior Director of Chokshi Group, Sharad Nair – MLRO of Axis Bank, Arpita Bedekar – Director of Fintelekt’s Strategy and Planning, and representatives from technology companies Refinitiv and Accuity.

Participants represented banks from India, Nepal, Sri Lanka, Germany, Cambodia and Taiwan, providing opportunities for cross-border knowledge sharing and discussions.