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Webinar: Mitigate financial crime risk with technology in the complex sanctions landscape

April 22, 2021
2:00 PM - 3:10 PM HKT

The global sanctions landscape is more complex and challenging than ever before as regulatory scrutiny continues to rise. According to Accuity’s Sanctions Pulse infographic, major regulators (including OFAC, EU, UN) updated their sanctions lists 210 times in 2020, and sanctions violation fines issued by OFAC alone exceeded $1.3 billion in the past two years.

Compliance professionals from both financial institutions and non-financial institutions face significant sanctions-related challenges. They need to ensure that they have sanction compliance programs in place and these compliance programs are robust. Doing so will provide built-in mechanism to assess an entity’s compliance program before conducting business with them.

To help financial institutions and Non-financial institutions to stay compliant in the complex sanction landscape, Accutiy is co-hosting this webinar with Fintech Association of Hong Kong on 22nd April (Thursday). “Mitigating financial crime risk with technology in the complex sanction landscape” features a distinguished panel of experts, including Henry Chan,Head of the Sanctions and International AML , Tencent & Douglas Wolfson, Director of Market Planning, LexisNexis Risk Solutions , Helene Li, General Manager from Fintech Association of Hong Kong.

In this webinar, the speakers will take a deep dive into:

  • How to mitigate Financial Crime Risk in the Non-FI Industry
  • How to Efficiently Deliver a Financial Crime Compliance program
  • How Fintech companies should handle financial crime compliance

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    Agenda
    14:00pm Financial Crime Risk in the Non-FI Industry

    • challenges facing by the emerging industry such as digital market, E-commerce
    • typologies / indicators of financial crimes in the complex landscape
    • solutions to mitigate financial crime risks
    Henry Chan,
    Head of Sanctions and International AML,
    Tencent
    14:20pm How to Efficiently Deliver a Financial Crime Compliance program

    • Understanding risks within a non-FI business
    • Building and delivering an efficient workflow
    • Deploying Technology that reduces overall program cost.
    Douglas Wolfson,
    Director of Market Planning,
    LexisNexis Risk Solutions
    14:40pm How fintech companies should handle Financial Crime compliance

    • The Financial Responsibility of Fintechs
    • Why financial crime compliance is important for FinTech businesses?
    • What is the biggest challenge for Fintechs when it comes to financial crime prevention?
    • What can be done?
    • How is the shifting regulatory framework affecting Fintechs in terms of compliance and cybersecurity
    Helene Li,
    General Manager,
    Fintech Association of Hong Kong
    15:00pm Q&A

    Helene Li
    General Manager, Fintech Association of Hong Kong

    A seasoned management consultant and finance industry professional, Helene has held various senior management positions in Strategic Planning, Marketing and Branding throughout her career which includes tenure at global consulting giants Boston Consulting Group and Willis Towers Watson.

    Prior to joining Fintech Association of Hong Kong, Helene was Managing Director and Head of Strategic Planning, Brand and Communications Asia Pacific for BNP Paribas Wealth Management, a role she has held for 5 years. She also held similar roles at J.P. Morgan Private Bank and Swiss wealth management firm Lombard Odier. In these capacities, she was instrumental in advancing the agenda of Sustainable Finance and Investments across a broad client base of family offices and asset owners.

    Helene is a known Influencer and Key Opinion Leader in Fintech and Digital Transformation, recognized by Thomson Reuters Refinitiv as Top 5 in Asia Pacific, and globally a Top 2 Influencer in Sustainable Finance.
     
     
    Henry Chan
    Head of Sanctions and International AML, Tencent

    Henry is the Head of Sanctions and International AML for Tencent, a leading multinational technology conglomerate with business focuses on AI, Fintech, Cloud, interactive entertainment, and social media. In his current role, Henry is responsible for the design and management of the Tencent Sanctions program as well as the management of the international Financial Crime Compliance teams across the Group’s global footprint.

    Prior to joining Tencent, Henry was the Head of Anti Money Laundering for HSBC Hong Kong, responsible for the bank’s AML policy, transaction monitoring controls, remediation of AML issues, engagement with regulators, and financial crime compliance related trainings. Henry holds a Master of Business Administration from the University of California Los Angeles and a Bachelor of Commerce from the University of British Columbia.
     
     
    Douglas Wolfson
    Director of Market Planning, LexisNexis Risk Solutions

    Douglas Wolfson is Director, Financial Crime Compliance for LexisNexis Risk Solutions in Asia. Headquartered out of Hong Kong, Douglas drives the strategy and product development of the leading risk tools used by the biggest banks in the world that help to mitigate financial crime compliance issues.

    Douglas has 20 years of financial services, risk management and international business experience. His deep experience includes leading risk management departments at the world’s most recognizable financial institutions.

    He received a Bachelor of Arts degree in International relations from Colgate University. He also is the co-founder and organizing committee member of the Blue Tie Ball in Hong Kong, an event created to raise awareness about and reduce the stigma around mental illness.
     
     
    Nicolas Gaurier
    Regional Manager, Financial Crime Compliance, LexisNexis Risk Solutions

    Nicolas is Regional Manager for Sales at LexisNexis Risk Solutions (LNRS), based out of Hong Kong S.A.R.

    Nicolas has over 10 years of experience supporting various customers in their AML & Sanctions digital transformation journey in Europe and Asia Pacific.