Overview

In the first nine months of 2022, retail banks in Hong Kong increased their identification and reporting of suspicious accounts and networks by 127% compared to a year ago, leading to an increase of 166% in the amount of criminal proceeds restrained or confiscated by law enforcement agencies. In the face of rising levels of online fraud and financial crime, the HKMA has transformed the way it works with financial institutions to shape the direction of innovation in AML work.

At this panel session organized between FTAHK & LexisNexis Risk Solutions, experts will share the best practices on how to enhance the efficiency of AML/CFT controls and better protect the public from fraud and other financial crimes.

• Identify fraud risks and the factors that influence them
• The convergence of Financial crime and Fraud
• How to enhance your AML/CFT control and Fraud Risk Management
• Best practices on how to develop and implement the necessary components of a successful fraud risk management program

Speakers

Douglas Wolfson - Senior Director, APAC Sales, LexisNexis Risk Solutions

Abhishek Tiwari - FTAHK A.I. & Big Data Committee Co-Chair

Sampson Leung - Senior FCC Manager (QA and AML infrastructure advisory), WeLab Bank

Moderator

Anki Suri - FTAHK Digital Banking & Payments Committee Co-Chair