International Conference on Financial Crime and Terrorism Financing 2019

The International Conference on Financial Crime and Terrorism Financing (IFCTF 2019) was held on 5–6 November 2019 at Shangri-La Hotel, and provided a timely and important platform for the financial community in Malaysia and beyond to share insights and discuss issues and solutions to today’s most pressing financial crime and terrorism financing challenges while strengthening their global network and collaboration. Themed “Building Trust and Transparency: Collaborate, Accelerate, Strengthen”, it brought together global thought leaders and top experts, who shared insights on the exigency of financial crime and potential solutions to this global epidemic. The event also highlighted the need for fundamentally stronger ethics and integrity as the first line of defence.

At the event, YAB Tun Dr Mahathir Mohamad, Prime Minister of Malaysia, delivered a special address and launched a Public-Private Partnership (PPP) initiative in combating financial crime at the event. BNM Governor YBhg. Datuk Nor Shamsiah Mohd Yunus and Chief Commissioner of the Malaysian Anti-Corruption Commission YBhg. Puan Latheefa Koya also addressed the conference delegates.

IFCTF 2019 was organised by the Asian Institute of Chartered Bankers (AICB) and its Compliance Officers’ Networking Group, and supported by Bank Negara Malaysia (BNM), Securities Commission Malaysia and the Labuan Financial Services Authority. It drew more than 1,300 delegates from the public and private sector, including regulators and banking and financial practitioners.

Agenda Day 1

Time Sessions
8.00 am Registration
9.00 am Welcoming Remarks by YBhg. Tan Sri Azman Hashim, Chairman, Asian Institute of Chartered Bankers (AICB)
9.05 am Address by Chief Commissioner, MACC
YBhg. Puan Latheefa Koya, Chief Commissioner, Malaysian Anti-Corruption Commission (MACC)
9.30 am Plenary Session 1

A Global Perspective on Combating Corruption and Bribery: Effective anti-corruption strategies and approaches to address organised crimes and money laundering for prevention and to further strengthen sustainable and inclusive growth

Moderator

Josh Heiliczer, Partner, EY Financial Services — Advisory, Hong Kong

Panellists

  1. Chinwe Esimai, Managing Director and Chief Anti-Bribery Officer, Citigroup, Inc., USA
  2. Lorenzo Salazar, Vice-Chair, Working Group on International Bribery, The Organisation for Economic Co-operation and Development (OECD), Paris, France
  3. Dr Mark Lovatt, Principal Consultant and Chief Executive Officer, Trident Integrity Solutions Sdn Bhd, Malaysia
  4. Tuan Mohamad Zamri Zainul Abidin, Director, Anti Money Laundering and Forfeiture of Property (AMLFOP), Malaysian Anti-Corruption Commission (MACC)
10.45 am Coffee Break
11.00 am Plenary Session 2

The Importance of Corporate Governance in Creating a New Culture for Disclosure, Transparency and Anti-Corruption

Moderator

Datuk Shireen Muhiudeen, Chairman, Bursa Malaysia Berhad

Panellists

  1. Jayant P. Raman, Partner, Finance & Risk, Oliver Wyman, Singapore
  2. Lim Kah Wei, Deputy General Manager, Corporate Surveillance Department, Securities Commission Malaysia
  3. Dr Simon Longstaff AO FCPA, Executive Director, The Ethics Centre, Australia
12.00 pm Plenary Session 3

Terrorism Financing: Current and emerging trends and threats

Moderator

Dr Ahmad El-Muhammady bin Muhammad Uthman El-Muhammady, Counter-Terrorism Analyst, International Islamic University Malaysia (IIUM)

 Panellists

  1. Dato’ Ayob Khan Mydin Pitchay, Head, Counter Terrorism Division, Special Branch, Royal Malaysia Police
  2. I Made Wisnu Wardhana, Acting Head of Analysis, Densus 88, National Police of Indonesia
  3. Peter Williamson, Senior Liaison Officer, ASEAN, Australian Transaction Reports and Analysis Centre (AUSTRAC)
  4. Thomas Koruth Samuel, Regional Consultant (Terrorism Prevention), Regional Centre for East Asia and the Pacific, United Nations Office on Drugs and Crime (UNODC)
1.00 pm Lunch
2.00 pm Concurrent Sessions
Concurrent Session 1

Technology Enablers: How technology innovation leaders are transforming the world

Moderator

Mohd Zabri Adil Talib, Head, Digital Forensics, CyberSecurity Malaysia

Panellists

  1. Paul Jevtovic, Regional Head, Financial Crime Threat Mitigation, HSBC, Hong Kong
  2. Roberto Capodieci, Blockchain Expert, Blockchain Zoo, Indonesia
Concurrent Session 2

Trade-Based Anti-Money Laundering Detection: Rethinking the approach

Moderator

Chan Yew Ling, Regional Head, AML & Sanction Advisory, CIMB, Malaysia

Panellist

Khurram Pirzada, Executive Director, Forensic, AML & Sanctions Services, KPMG, Malaysia

Concurrent Session 3

Modernisation of Insurance Compliance: Evolving to enable and drive with the speed of business

Moderator

Shalini Pavithran, Chief Executive Officer, The Malaysian Insurance Institute (MII)

Panellists

  1. Niall Grady, Chief Compliance Officer, Prudential Corporation Asia, Hong Kong
  2. Samsudin Samsuri, Associate Partner, EY Malaysia
3.00 pm Coffee Break
3.30 pm Special Proceeding
3.45 pm Address by YBhg. Datuk Nor Shamsiah Mohd Yunus, Governor, Bank Negara Malaysia (BNM)
4.00 pm Special Address by YAB Tun Dr Mahathir Mohamad, Prime Minister of Malaysia
4.30 pm Launch of Public-Private Partnership (PPP) by YAB Tun Dr Mahathir Mohamad, Prime Minister of Malaysia
5.00 pm End of Day 1 Conference

Agenda Day 2

Time Session
8.00 am Registration
9.00 am Opening Remarks by Nik Azmir Nik Anis, Organising Chairman & Chairman, Compliance Officers’ Networking Group (CONG); Chief Compliance Officer, Bank Islam, Malaysia
9.10 am Plenary Session 4

The Fintech Explosion: How fintech is disrupting the ecosystem and pushing banks to change

Moderator

Marcus von Engel, Partner, PwC Malaysia FS Consulting Leader, Malaysia

Panellists

  1. Hann Liew, Co-Founder, Jirnexu Sdn Bhd; Chief Executive Officer, RinggitPlus.com, Malaysia
  2. Mohammad Ridzuan Abdul Aziz, Country Director for Malaysia and Head of ASEAN Business, WorldRemit; President, FinTech Association of Malaysia (FAOM)
  3. Prashant Aggarwal, Chief Commercial Officer & Group Head of Emerging Markets, CompareAsiaGroup, Singapore
  4. William Streitberg, Chief Information and Technology Officer, Hong Leong Bank Berhad, Malaysia
10.15 am Coffee Break
10.45 am Plenary Session 5

Conduct Risk: Delivering an effective framework

Moderator

Alex West, Director, London Financial Services, Misconduct Investigations and Market Abuse Surveillance Specialist, PwC, UK

Panellists

  1. Alina Osman, General Manager, Supervision Department, Intermediary & Fund Supervision, Securities Commission Malaysia
  2. Lim Hsin Ying, Director, Consumer and Market Conduct Department, Bank Negara Malaysia (BNM)
  3. Rachel Chong, Global Head, Strategy, Conduct and Individual Accountability, Group Conduct, Compliance and Financial Crime, Standard Chartered Bank, Singapore
  4. Rachel Waldren, Partner, Murray Waldren Consulting Pty Ltd, ICA Representative, Australia and New Zealand
12.00 pm Cyber Security in the Financial World

Michael Poole, Cybersecurity Architect, Microsoft

12.30 pm Lunch
1.30 pm Concurrent Sessions
Concurrent Session 4

Professional Enablers of Tax Evasion and Abuse: Strengthening detection, compliance and control measures

Moderator

Justin Ong, Partner, Risk Advisory, FSI Financial and Regulatory Risk Leader, Deloitte Southeast Asia

Panellists

  1. Esther A. P. Koisin, Director, International Affairs and Exchange of Information Division, Department of International Taxation, Inland Revenue Board of Malaysia
  2. Grace Ho, Executive Director, Global Financial Crimes Compliance — ASEAN AML Manager and Singapore MLRO, J.P. Morgan Chase, Singapore
Concurrent Session 5

Money Laundering and Terrorism Financing Risk in International Financial Centres

Moderator

Azuddin Jasin, Director, Supervision and Monitoring, Labuan Financial Services Authority (LFSA), Malaysia

Panellists

  1. John Richard Harris, Chairman, Crestbridge Group; Former Director General, Jersey Financial Services Commission (JFSC), UK
  2. David Chong Kok-Kong, Founder & President, Portcullis Group; Executive Chairman, Fusang; Director, David Chong Law Corporation, Singapore
Concurrent Session 6

Latest Threats and Trends Using Money Services Business (MSB) Channels

  • typologies and red flags
  • emerging issues pertaining to ML/TF (typically in merging of traditional and new payment methods)
  • risk mitigation factors and compliance in the new landscape

Moderator

Balachandar Sathyanarayanan, Head of Compliance and Risk, InstaReM Malaysia Sdn Bhd

Panellists

  1. Douglas Wolfson, Director, Financial Crime Compliance, LexisNexis Risk Solutions in Asia, Hong Kong
  2. Miguel Aguado, Operational Compliance Officer, EMEA & Asia, RIA Financial, Spain
  3. Mohanamerry Vedamanikam, Head of Compliance, Western Union, Malaysia
2.30 pm Plenary Session 6

Insights on Proliferation Financing 

Moderator

Mohd Fuad Arshad, Deputy Director, Financial Intelligence and Enforcement Department, Bank Negara Malaysia (BNM)

Panellists

  1. Joshua Mater, Deputy Director, Office of Sanctions Policy and Implementation (EB/TFS/SPI), U. S. Department of State
  2. Khurram Pirzada, Executive Director, Forensic, AML & Sanctions Services, KPMG, Malaysia
  3. Tom Keatinge, Director, Centre for Financial Crime & Security Studies (CFCS), The Royal United Services Institute (RUSI), UK
3.30 pm Coffee Break
3.45 pm Special Talk by Bank Negara Malaysia

Revision to AML/CFT Sectoral Policies 

Suhanna Omar, Deputy Director, Financial Intelligence and Enforcement Department, Bank Negara Malaysia (BNM)

4.30 pm Lessons from a Global Financial Catastrophe

 Moderator

Prasad Padmanaban, Chief Executive, Asian Institute of Chartered Bankers (AICB), Malaysia

Speaker

Kweku Adoboli, Former Trader, Culture and Systems Advisor

5.15 pm Closing Remarks by Abd. Rahman Abu Bakar, Director, Financial Intelligence and Enforcement Department, Bank Negara Malaysia (BNM)
5.30 pm End of Conference

Masterclass

Day 1 (5 November 2019)

Day 2 (6 November 2019)