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Fridays with Fintelekt

Fridays with Fintelekt Series

Watch or listen to Fridays with Fintelekt where we engage in conversation with industry experts and thought leaders to bring you additional knowledge and insights on the fast moving field of AML/CFT and financial crime.

Upcoming Webcasts

Webcast: In Conversation with Sydney Asubo, Executive Director, Financial Intelligence Authority, Uganda
 
Date: June 5, 2020
Time: 02.00 pm IST / 4.30 pm SGT
Key Issues:

  • Overview of the FIA, the challenges it faced since it was formed, and how it galvanized the financial sector and other reporting entities / accountable persons together to ensure adequate reporting of suspicious transactions
  • Key findings of the NRA, its recommendations, and the subsequent progress in the country in terms of policy implementation
  • Changes in levels of predicate offences over the last few years, both domestic and trans-national
  • Trends and expectations in quality and quantity of reporting suspicious transactions reports
  • Is the FATF process for mutual evaluation and ranking of countries democratic, especially since many countries would have fewer resources and therefore should there be different methodologies for countries with differing challenges, so that they are not unfairly positioned on the global financial stage

Speaker: 

 

 

 

 

SYDNEY ASUBO
Executive Director Financial Intelligence Authority, Uganda

Host:


SHIRISH PATHAK
Managing Director, Fintelekt Advisory Services

Past Webcasts

Webcast: CryptoCurrencies, Blockchain & AML/CFT

Date: May 29, 2020
Time: 02.00 pm IST / 4.30 pm SGT

Key Issues:

  • Change in trends on how cryptocurrencies are being used to launder money and subsequent risk to banks in raising suspicious transaction alerts
  • The role of blockchain technology to counter specific AML/CFT risks
  • Intermingling of illicit funds between fiat currency and crypto currency
  • Regulatory stand on dealing with cryptocurrencies
  • Preparing law enforcement agencies, tax authorities and the judiciary to better understand cases involving cryptocurrencies

Webcast: AML/CFT Compliance in Digital Banks

Date: May 22, 2020
Time: 02.00 pm (Indian Standard time)

Key Issues:
 
  • Impact on digital banking because of COVID-19
  • Specific AML risks that are emerging as a result of the shift to digital banking, especially due to the face-to-face customer contact model
  • Considerations for digital banks while performing screening, especially as transactions are real time
  • Keeping the balance between compliance and competitiveness
  • Aspects that are likely to attract greater monitoring or scrutiny going forward due to evolving regulations

Webcast: In conversation with Dev Odedra on Media Portrayals of AML

Date: May 15, 2020
Time: 02.00 pm (Indian Standard time)

Key Issues:
 
  • Why is media portrayal about AML so sparing, despite the wide-ranging impact of money laundering or terrorism on the general public?
  • How important would it be to improve the media portrayal of AML especially for the purposes of widening the reporting net and extending it to DNFBPs?
  • How can different stakeholders – banks, financial institutions, regulators, law enforcement agencies, other gatekeepers – leverage the media to increase public awareness?
  • How would better championing of the role of the AML compliance officer help?

Webcast: In Conversation with Hala Bou Alwan

Date: May 08, 2020
Time: 2.00 pm (India Standard Time)

Key Issues:
  • Concerns in the banking industry, especially in the Middle East, with respect to compliance communication
  • Ensuring proper due diligence when onboarding new customers
  • Impact of changing customer behaviour and transactions patterns  due to the pandemic, and the subsequent identification of suspicious transactions
  • Recommendations on how banks should protect their systems and customers from emerging cyber risks
  • Monitoring trade/service based money laundering transactions more effectively to identify suspicious activity
  • Effect of the pandemic situation on banks’  AML governance and business conduct

Human Trafficking

Date: May 01, 2020
Time: 2.00 pm (India Standard Time)

Key Issues:
  • Issues that governments and policy makers are faced with when dealing with human trafficking
  • High level statistics outlining the extent of trafficking globally
  • Is the current pandemic creating situations where trafficking victims are at higher risk now?
  • Role of bankers and regulators in combating human trafficking
  • Effective solutions from an awareness and implementation point of view

AML/CFT: Managing AML Risk and Operations (Bangladesh Special Edition)

Date: April 24, 2020
Time: 3.30 pm (India Standard Time)

Key Issues:
  • Practical difficulties being faced in AML compliance operations, transaction monitoring and reporting
  • Likelihood of increased regulatory risk due to challenges/possible backlogs in monitoring and meeting reporting timelines
  • Approach by the regulator in reporting timelines
  • Preparedness of banks to detect and monitor the perceived increased levels of fraud
  • Impact on support from third party screening / technology suppliers
  • Pressure on compliance as the economic condition remains depressed and senior management approach
  • Advice to FCC / AML / CFT teams in banks in Bangladesh during these difficult times

AML/CFT: Risk-based Response, Combating Terror Financing and Corruption

Date: April 17, 2020
Time: 2.00pm (Indian Standard Time)

Key Issues:
  • Understanding changes in the business models of terrorist organisations and organised crime groups due to the pandemic, with increased criminal activity around digital platforms and cyber space;
  • Recommendation to regulators and banking sector to better understand, identify and mitigate this risk practically and effectively and lessons to be learnt for the future; and
  • Key findings from recently published RUSI papers on advancing a risk-based response to terrorist financing and the intersection of corruption, terrorism and terrorist financing, to not only raise awareness around these issues but to actually address them.

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