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08:00 - 09:00


09:00 - 10:30

Introduction to the dark web and its bitcoin use

In this session we will discuss the dark side of the internet, also called “Deep Web” or “DarkNet”, and introduce the forums and marketplaces within it that sell all kinds of legal and illicit goods. This will also give a broad view of bitcoin operations within the dark space. The subject matter expert will raise awareness and elaborate on concerns in terms of roaming the dark web and its associated transactions.

10:30 - 11:00

 Tea/Coffee break

11:00 -12:30

Cyber crime and how to protect your own organisation

This is a practical awareness training session that immediately equips each delegate with useful tools and strategies to take home to their respective organisation. The delegates will analyse the latest forms of cybercrimes and breaches at banks such as the Bangladesh heist, and learn how criminals use social engineering and weak entry points into systems, for example, by infecting personal desktop computers at small banks.

12:30 - 13:30

Lunch break

13:30 - 15:00

Understanding the fast-growing threat of trade-based money laundering (TBML)

An exponential level of growth in cross-border trade and the complexities involved in trade financing across multiple jurisdictions provides a perfect feeding ground for trade-based money laundering. TBML is one of the most multifarious areas of money laundering, and at the same time, is the least contained and understood. This session will give an introduction into techniques and the special knowledge required to identify criminal transaction patterns, typologies common to terrorist groups and drug money laundering operations, as well as trends and anomalies that are indicative of TBML.

15:00 - 15:30

Tea/coffee break

15:30 - 17:00

Site visit and tour through the INTERPOL Global Complex for Innovation

The INTERPOL Global Complex for Innovation (IGCI) is a cutting-edge research and development facility for the identification of crimes and criminals that also offers innovative training, operational support, and partnerships. A senior executive from INTERPOL will discuss with delegates what it takes to stay ahead of criminals and threats, and how research, innovation, and collaboration can improve the security of financial institutions.


End of workshop

For more information, please contact
Gerlinde Gerber,
Program Manager, The Asian Banker,

08:00 - 09:00


09:00 - 10:00

Dialogue with the regulators: What should financial institutions expect?
Central banks from different countries across the region will discuss planned regulations, new enforcement instruments, and priorities in their respective counties for combating tax evasion, cybercrime, trade financing manipulations, or compliance with international regulations or enforced internal control mechanisms. Topics will include:

  • MAS 626 and the new Organised Crime Act (OCA) and its effects on banks and law enforcement in Singapore. Will other ASEAN states put similar regulations in place?
  • What is the stage of implementation of The Common Reporting Standards (CRS)? Is CRS effective?
  • Regional repercussions from the 1Malaysian Development Bhd (1MBD) scandal and the Panama Papers
  • Challenges in compliance with FATCA and OFAC
  • National risk assessments as a means to identify crime threats and strengthening AML regimes
  • Updates on regulatory changes in countries across the region
10:00 - 10:30

Tea/ Coffee Break

10:30 - 11:30

Renewed focus on the international payment system and trade-based money laundering
The recent incident where $101 million was illegally channelled from the Bangladesh Bank account at the Federal Reserve Bank of New York through the SWIFT system to Sri Lanka and the Philippines sent shock waves throughout financial institutions worldwide. It raised new questions about the security of global payment processes and the conventional correspondent banking model. Fraud in the trade finance sector is another area of cross-border crime that seems to finally be getting more attention.

  • What should banks do to review their internal compliance processes in light of the Bangladesh cyber theft?
  • The role of casinos in heists
  • How can trust be restored in international systems?
  • SWIFT’s reaction to criticism and its five-part improvement plan
  • Case study: A new digital E-invoicing ledger platform—Adopting a real-world blockchain solution to end invoice fraud and trade-based money laundering
  • How to address risk and internal control failures
11:30 - 12:30

Creative and lean: New data and analytics solutions to combat fraud
Due to increased national and global KYC and AML regulations, banks face challenges in assembling information to effectively identify beneficial ownership and maintain internal registers. Transaction monitoring is another area where data analytics plays an important role. From big data solutions to lean technologies from startups, this session will explore ways to support the human intelligence of the understaffed compliance department with the artificial intelligence of latest designs

  • Evaluating key components of effective KYC to create a cohesive and comprehensive program in compliance with national and international regulations
  • Advanced data analytics for monitoring, reporting, compliance, risk assessment, and investigation purposes
  • Employing data-based modelling for accurate customer risk ratings and proper pricing
  • Creating actionable insights from big data, crowd intelligence, open source intelligence, and social media analytics
12:30 - 13:30

Lunch break

13:30 - 14:30

Terror financing and the latest sanction regimes
Politically fluid situations such as the end of Iran sanctions, the war against ISIS, as well as operations by terror groups in Asia and elsewhere require the constant updating of transaction monitoring, correspondent banks, and sanctions lists to retain robust risk oversight.

  • Reintegrating Iran: The end of sanctions, but not the end of AML challenges
  • The role of Hawala and other alternative transaction and remittance services in illegal financing
  • Enhanced due diligence on enterprises and charities for potential hidden ties to terrorists
  • Identifying new terrorism funding typologies, such as black market oil trading
  • Effectively mitigating third-party risk
  • De-risking and its unintended negative consequences for legal businesses and smaller banks
14:30 - 15:00

Tea/Coffee break

15:00 - 16 :00

Cyber crime - Managing consequences instead of vulnerabilities?
With cybercrime cases almost omnipresent in today’s digitized world, hackers always seem a step ahead of firewalls and law enforcement units. New approaches to tackle this issue often appear in the financial service community, by re-thinking the definitions of ‘threat’, ‘vulnerability’ and ‘risks’. Some experts say that managing vulnerabilities is untenable and rather the focus should be on managing the consequences by using the right risk equation.

  • Case studies of successful risk assessment processes
  • Artificial Intelligence systems to find rogue traders and insider collaborators
  • Identifying threats by finding anomalous behavior within an organisation’s IT environment
  • Collaboration and threat data sharing between financial institutions and law enforcement entities in the incident of an attack
  • Enterprise-wide cybercrime prevention systems to mitigate hacking risks
16:00 - 17 :00

Fintech – What to consider in future risk assessment models?
Financial institutions today face a whole new threat landscape that keeps changing and evolving. The digital revolution throughout financial services has significant impacts on compliance, risk, and investigative functions. Fintech and various new technology platforms and business models are another dimension that has to be considered in future risk assessment strategies.

  • What are the risks associated with the emerging fintech sector?
  • How will regulators in Asia Pacific react to the increasingly disruptive fintech landscape?
  • Mitigating risks resulting from new mobile and peer-to-peer payment platforms and financial inclusion initiatives
  • Bitcoin and FATF’s “Guidance for a risk-based approach to virtual currencies”
  • Using geographic, sectoral, and product line assessment to satisfy internal risk tolerance goals
  • Case study: Investigation into the popular crowd financing platform Lending Club

End of conference

For more information, please contact
Gerlinde Gerber,
Program Manager, The Asian Banker,

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