Impact of COVID-19: Emerging Trends and Issues in AML/CFT Compliance
AICB and Deloitte organised its first webinar collaboration for the year on 4 February 2021, titled “Impact of COVID-19: Emerging Trends and Issues in AML/CFT Compliance”. The session featured a line-up of experienced speakers in the AML/CFT compliance sphere, who shared their views on developments in AML/CFT compliance from regulatory and industry perspectives; emerging money laundering/terrorism financing typologies; challenges in financial crime compliance amid the pandemic, and best practices employed by banks and financial institutions to overcome these challenges and ensure robust compliance. Country Managing Partner/Chief Executive Officer of Deloitte Malaysia Yee Wing Peng gave his opening remarks, followed by an enlightening discussion between panellists Farahnaz Ibrahim, Deputy Director, Banking Supervision, AML Supervision of Bank Negara Malaysia; Faradina Ghouse, Group Chief Compliance Officer of AmBank Group; Grace Ho, Executive Director, ASEAN AML Manager and Singapore Country MLRO, Global Financial Crimes Compliance of JP Morgan Chase Bank N.A., Singapore Branch, and Alex Gray, Head of Trade and Transaction Banking of the London Institute of Banking & Finance. The session was attended by close to 200 participants.