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.