New Updates on Registration Regime for DPMS in Hong Kong
2 December 2021 | 15:00 pm – 16:30 pm
Join and Get an Exclusive Offer for AML Solutions!
- Free Seminar for Dealers in Precious Metals and Stones (“DPMS”) in Hong Kong, including Wholesalers, Manufacturers, Retailers, E-Commerce sector, etc.
- Exclusive offer for SentroWeb AML software to webinar participants
- Latest industry regulations updates for DPMS
- Guide on how DPMS fulfil the requirement and daily process with case study
- Demo on how to enhance AML/CFT Process (including Screening, Customer Due Diligence, Ongoing Monitoring)
- Certificate of Attendance will be provided
About the Seminar
In Nov 2020, Hong Kong’s Financial Services and the Treasury Bureau (FSTB) launched a public consultation on legislative proposals to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulation in Hong Kong through the introduction of a new two-tier registration regime for dealers in precious metals and stones (DPMS), which will be regulated by the Commissioner for Customs and Excise (C&CE), under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO).
The consultation results have been released in May 2021. A majority of the respondents agree and understand the need of the regulations of the DPMS sectors in fulfillment of obligations under the Financial Action Task Force (FATF).
Since the regulation can be foreseen in the coming years, this seminar will get DPMS prepared for the new regime of the AML/CTF compliance. We will cover the introduction of the new regulation updates and how DPMS fulfil the requirements, case study and a demo on the solution and tool that DPMS can leverage to comply with the upcoming regulatory requirements and streamline the daily operational processes to deal with the AML/CTF risks.
|Date: 2 Dec 2021 (Thursday)|
Time: 15:00 pm – 16:30 pm
Platform: ZOOM Online Webinar
Price: Free (on First-come-first-serve basis)
Registration Closing Date: 25 Nov 2021
|14:45 – 15:05||Log in and Welcome Introduction|
|15:05 – 15:35||Introduction of the 2 New Licences Registration Regulation of DPMS and How it’s Going to Affect Your Business? (in English)|
Speaker: Mr Bible Kwan, Head of Sales (Northeast Asia), Ingenique Solutions
This session will cover the new AML/ CTF regulation update in DPMS industry in Hong Kong. The presentation will focus on how DPMS fulfil the requirement and daily process, by sharing the Singapore regulation and some cases studies.
|15:35 – 15:40||Brief Introduction of Ingenique Solutions (in English)|
Speaker: Mr Martin Lim, Founder and Director, Ingenique Solutions
|15:40 – 16:00||Solution and tools introduction for DPMS (in English)|
Speaker: Ms 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 DPMS streamline the AML/CFT processes and comply with the new regulation requirements, including Screening, Customer Due Diligence and Ongoing Monitoring.
|16:00 – 16:15||DFHK General Sharing (in English)|
|16:15 – 16:30||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
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.
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.
Martin’s past experience includes being appointed by Singapore Ministry of Law’s to train the Precious Stones and Precious Metal Dealer sector on AML/CFT compliance. He is also 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.