The ABA invites its members, associates and friends to join the “Cost of Compliance” webinar jointly organised by Napier and Thomson Reuters, in part 1 of the Cost of Compliance webinar series, where participants can hear from subject matter experts as they discuss the impact of regulatory developments on financial crime.
In the last 12 months alone, financial penalties issued in Southeast Asia and Hong Kong for anti-money laundering (AML) breaches exceeded $8 million. In Australia, AUSTRAC issued over $1 billion in fines to just one bank for AML failings in recent years.
The one-hour webinar on Preparing Your Organisation for Increased Financial Crime Compliance Management will be held on Thursday, 30th June 2022 at 1.30pm SGT | 3.30pm AEST
The panel discussion will be covering:
- Regulatory pressures: Hear what the implications of these increasing requirements are and how compliance teams might keep up.
- Digitalisation and compliance: How to be innovative amid the growing development of digital financial services which present vulnerabilities for both customers and the organisation.
- Emerging financial crime typologies: 2022 will be a landmark year for regulatory frameworks around financial crime, particularly around emerging technologies and typologies such as crypto assets.
- Exposed AML gaps: Regulators continue to introduce additional rules and guidelines around AML to bridge exposure gaps, but how do these additional demands affect banks and FinTechs?
This event is in joint partnership with Thomson Reuters.
All registrants will receive a recording of the event.
Please register HERE.