Virtual Compliance & Transparency Forum 2021

19 – 20 January 2021 @ 3 pm – 6 pm (+8 GMT)

AICB is pleased to collaborate with the British High Commission to bring you the Virtual Compliance & Transparency Forum 2021. This online event brings together government and private sector specialists from the UK, China and the region to explore recent developments in anti-money laundering and practical ways to jointly combat financial crime.

“Virtual Compliance & Transparency Forum 2021”

Hosted by the UK Government, this Forum is the latest in a series of UK Compliance and Transparency events — following previous events held in Singapore, Shanghai and Jakarta — and is the first to be delivered virtually. Discussions at the Forum will be relevant to professionals in the public and private banking and financial services sector.

As an AICB member, you are entitled to register for this webinar with our compliments. To register, please click on the button below.

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Programme Agenda

Day 2 –  Wednesday, 20 January 2021, 3 pm – 6 pm (+8 GMT)

Trade-Based Money Laundering

3 pm Trade-Based Money Laundering – The Global and Regional Perspective

Following the recent publication of the Financial Action Task Force/Egmont report, ‘Trade-Based Money Laundering: Trends and Development’, one of the report’s authors will outline the report’s main findings, the key recommendations for future work, and discuss the importance of Public Private Partnerships with emphasis on recent initiatives by the Asian Development Bank on increasing the quality and utility of TBML-related suspicious activity reporting.

Mr Kevin Newe (HM Revenue and Customs)
Mr Steven Beck (ADB)

4 pm Trade-Based Money Laundering in Action: A Case Study

Two of the UK’s most experienced law enforcement experts in TBML will run participants through pertinent case study examples, focussing on third-party payments and gold.

Mr Brian Ludlow (NCA)
Mr Simon Lord (NCA)

5 pm Panel discussion

A dynamic panel discussion bringing together law enforcement and industry professionals to explore how government and industry should respond to the threat of TBML, the value of Public Private Partnerships, and whether COVID-19 has changed the nature of TBML.

Panel Chair:
Ms Emma Smith (HM Revenue and Customs)

Mr Anthony Helmond (AUSTRAC)
Ms Rosalind Lazar (ACAMS)
Mr Nikhil Gandesha (Finomni)
Mr Kevin Newe (HM Revenue and Customs)
Mr Steven Beck (ADB)
Mr Brian Ludlow (NCA)
Mr Simon Lord (NCA)

Speakers’ Profiles

Kevin Newe, Illicit Finance Strategy Lead, HM Revenue and Customs

Kevin joined HMRC in 2006 and has been working on illicit finances since 2008, including operational responsibility for approximately 90 financial investigators and financial intelligence officers, delivering multi-million pound confiscations, cash forfeitures and overseeing HMRC’s award winning Offender Management Enforcement Team.

Since January 2018, Kevin has been working on HMRC’s first ever Illicit Finances strategy, developing a new approach to domestic and international illicit financial flows linked to tax and customs offences, and those impacting HMRC’s supervised businesses.

He is the leading HMRC’s response to TBML, including use of novel civil recovery powers that allow investigators to target and recover suspicious amounts in UK bank accounts, and co-authored, alongside colleagues from The Netherlands, the recent FATF report on new trends in TBML.

Steven Beck, Head, Trade and Supply Chain Finance, Private Sector Operations Department, Asian Development Bank

Steven Beck is the head of trade and supply chain finance at the Asian Development Bank (ADB). In his thirteen years at the ADB, he has managed exponential growth of the bank’s trade finance business and implemented its first supply-chain finance business.

While at the ADB, Steven initiated a tool that maps the entire supply chain for COVID-related goods to address shortages. He initiated the Trade Finance Register of the International Chamber of Commerce (ICC), which compiles the only industry-wide statistics on trade-finance default and loss rates. These statistics underpinned changes to the Basel III regulations, freeing billions of dollars to support trade in emerging markets. He created the ADB led study that, for the first time, quantified trade finance market gaps and their impact on economic growth and jobs. Under Steven’s leadership, a gender audit was conducted of ADB partner commercial banks to develop specific recommendations to attract, retain, and promote more women in banking. Steven undertook several initiatives to make global trade and supply chains more robust through digitization, including establishing the Digital Standards Initiative in partnership with the Government of Singapore and the ICC. He began his career with roles as a special assistant to the Canadian minister for international trade and as a senior manager at the Canadian Imperial Bank of Commerce (CIBC). He left CIBC to help start up a new multilateral development bank, the Black Sea Trade & Development Bank (BSTDB), which focused on economic development in Turkey, Russia and countries of the former Soviet Union. Following BSTDB, he took up roles as a senior consultant, including work with the United States Agency for International Development in southern Africa.

Steven is on the advisory board of the ICC Banking Commission and the World Trade Board and the governing board of the Digital Standards Initiative. He is a member of the World Trade Organization (WTO) Working Group for Trade Finance. He has an M.A. from the Fletcher School at Tufts University, USA and a B.A. from Queen’s University, Canada.

Anthony Helmond, Senior Liaison Officer – China, AUSTRAC

Anthony Helmond was appointed Senior Liaison Officer, China for the Australian Transaction Reports and Analysis Centre (AUSTRAC) in March 2019. Mr Helmond is based at the Australian Consulate-General in Guangzhou and has over 14 years’ experience across Australian government agencies in anti-money laundering and counter terrorism financing (AML/CTF) and financial crime. He works closely with international partners and Australian government agencies in China to share financial intelligence and enhance AML/CTF regulatory practices. Prior to taking up office in China, Mr Helmond was the business lead for AUSTRAC’s Analyst Workbench Project. He has also held a number of leadership roles across the Intelligence Division and led AUSTRAC’s International Exchange capability. Mr Helmond holds a Bachelor of Arts (Hons) from the University of Melbourne and is a trained APG Mutual Evaluation assessor.

Rosalind Lazar, CAMS, Regional AML Director – APAC, ACAMS

A former Deputy Public Prosecutor with the Commercial Affairs Department (CAD), Ministry of Finance, Singapore, and Litigation Partner with Drew & Napier, Ms. Lazar joined the Financial Sector in 2005. She started with Citi Private Bank (CPB) as a member of the Global AML Team, and was responsible for the review and development of globally consistent CPB AML policies. Her role subsequently became regional to include oversight of the AML controls for Consumer and Corporate Banking. Her responsibilities included Regional APAC AML policy development, governance/reporting and training. In 2010, Ros joined Citi’s Internal Audit. As part of the CPB-Asia team in November 2010, she has audited various controls and processes of private banking, as well as the trust and brokerage business, with special focus on AML/CTF controls. She returned to her former AML role when she joined Standard Chartered in November 2013 as Country Head of Financial Crimes Risk for Singapore, where she remained until 2018, and shortly thereafter joined Julius Baer Singapore as AML & KYC Head.

She is one of the Founding Members of the ACAMS Singapore Chapter Board in 2012, and held the position of Board member for 4 years. Ms. Lazar holds a Masters in Law from Columbia School of Law, New York, and has been CAMS-certified since 2009, and a CAMS-certified instructor since 2018. She is a frequent speaker at ACAMS events since 2010. She is also the key contributor to the ACAMS Singapore AML Regime Exam. Ms. Lazar joined ACAMS as Regional AML Director – APAC on 12 October 2020.

Nikhil Gandesha, Co-founder of Finomni

Nikhil Gandesha is the co-founder of Finomni, a boutique consultancy that specialises in financial crime compliance.

His work comprises of both private and public sector clients including Royal United Services Institute (RUSI), Mekong Club as well as small to medium financial services organisations. Nikhil is also an active contributor to ACAMS, including written pieces and participation at panel and conference level discussions in APAC.

Nikhil has undertaken several roles covering AML, CTF, CPF and Sanctions in the UK, UAE and Hong Kong. His work has included leading investigations, developing intelligence led solutions to manage and mitigate financial crime risk as well as implementing effective strategies to meet clients’ risk appetite needs. He has worked for 2 global banks as well as a big 4 consultancy and has experience partnering with law enforcement, government agencies and international bodies such as the UN.