Hong Kong Anti-Money Laundering/ Countering-Terrorist Financing (AML/CTF)
5 October 2021 | 10 am – 11:30 am
Join and Get an Exclusive Offer for AML Solutions!
- Free Public Seminar for Professional Firms in Hong Kong (Lawyers, Accountants, Trust Companies, Company Secretaries, Registered Estate Agents, as reporting institutions regulated by AML/CTF compliance)
- Exclusive offer for SentroWeb AML software to webinar participants
- Practical Guide to AML/CTF Internal Policies, Procedures and Controls (APPC)
- Demo on how to enhance your AML/CTF Process (including Screening, Customer Due Diligence, Ongoing Monitoring)
- Sharing on trade-based money laundering
- Latest industry and AML/CTF regulations updates in Hong Kong
- Certificate of Attendance will be provided
About the Seminar
Effective 1 Mar 2018, Certified Public Accountants (“CPA”), and Trust or Company Service Providers (“TCSP”) in Hong Kong are required to comply with the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap.615) (“AMLO”). Accordingly, the Company Registries, and the Hong Kong Institute of Certified Public Accountants, have issued guidelines to assist CPAs and TCSPs meet their obligations under AMLO. Specifically, these guidelines cover:
|Requirements||Company Registry Guideline Chapter||HKICPA Guideline Section|
|AML/CTF Policies, Procedures and Controls||3 & 4||610|
|Customer Due Diligence||5||620|
|Making Suspicious Transaction Reports||7||640|
While the guidelines are useful, it is important for professional firms to set up the operational processes to deal with the AML/CTF risks, and keep up to date on the latest trends and developments in AML/CTF. This public seminar will provide practical information on how to implement the guidelines by CR & HKICPA, for small and medium size firms.
|Date: 5 Oct 2021 (Wednesday)|
Time: 10 am – 11:30 am
Platform: ZOOM Online Webinar
Price: Free (on First-come-first-serve basis)
Registration Closing Date: 4 Oct 2021 (earlier, if upon full registration)
|09:45 – 10:05||Log in and Welcome Introduction|
|10:05 – 10:30||Implementing AML/CTF Internal Policies, Procedures and Controls (in English)|
Speaker: Mr Martin Lim, Founder and Director, Ingenique Solutions
Public accountants, trust and company services providers are required, by the AML/CTF Ordinance, to implement internal policies, procedures and controls (APPC) to mitigate money laundering and terrorism financing risks.
This session shares some common money laundering typologies that professional firms may encounter, and provides an overview of the key elements of APPC.
The sharing will focus on Risk Assessment, Customer Due Diligence (CDD) and some commonly asked questions when performing CDD.
|10:30 – 10:50||Short demo of SentroWeb-DJ AML/CTF Screening (in Cantonese)|
Speaker: Irene Ip, Sales & Marketing Manager, Ingenique Solutions
A short demo of SentroWeb, which is supported by Dow Jones, will show you the salient features that help you streamline your AML/CTF processes and comply with AML/CTF Ordinance, including Screening, Customer Due Diligence and Ongoing Monitoring.
|10:50 – 11:15||Trade-based money laundering – what professional firms should know (in Cantonese)|
Speaker: Mr Bible Kwan, Head of Sales (Northeast Asia), Ingenique Solutions
Criminals frequently exploit the vulnerabilities in cross-border trade to launder criminal proceeds. This session explains what is trade-based money laundering, provides examples of typical trade-based money laundering schemes, and covers the latest industry updates on AML/ CTF regulation in Hong Kong.
|11:15 – 11:30||Q&A|
* The data collected in the event registration form will be used for the purposes of processing your registration for the event and marketing communication. You can opt out at any time.
About the Speakers
Founder & Director, Ingenique Solutions
Martin is the person behind the product development of all products by Ingenique. Prior to joining Ingenique, Martin has more than 15 years in the IT industry covering both technical and business development responsibilities. With Ingenique, he frequently engages with small and medium sized professional firms to assist them in implementing AML/CFT policies, procedures and controls, and to prepare for regulatory inspections and reviews. He is also being appointed by Singapore Ministry of Law’s to train the Precious Stones and Precious Metal Dealer sector on AML/CFT compliance, and the honorary AML/CFT Advisor for Singapore Bullion Market Association (SBMA).
Sales & Marketing Manager, Ingenique Solutions
Irene is the manager responsible for business development in Ingenique Solutions (Hong Kong branch). Prior to joining Ingenique, Irene has worked in several securities trading and listed companies in an accounting role, where she has accumulated more than 8 years of accountancy experiences. With Ingenique, she plays a key role in developing and growing the Hong Kong market, by putting her strong client relationship skills and practical knowledge in AML/CTF matters to help clients address their AML/CTF related issues, concerns and requirements.
Head of Sales (Northeast Asia) – Channel & Partnership, Ingenique Solutions
Bible recently join in Ingenique Solution (Hong Kong branch) to lead the business development of Northeast Asia market along with Channel and Partnership connection. Prior to joining Ingenique, he has work in different segment such as: B2B Platform, Supply Chian & Procure to Pay Solution, Credit Bureau, and Trade Finance to serve from SME level’s companies to Global fortune 500 companies.
Leverage on his past 15 years knowledge and experiences, he understands well the risk of global business environment and could provide unique insight to help business owner to re-solve and mitigate risk from their current business. Bible has an academic background in Business Administration & Sales, Information System and Global Trade Finance.