The Asian Bankers Association (ABA) and Fintelekt Advisory Services would like to invite you and your colleagues to the upcoming virtual workshop on Know Your Customer – Beyond the Check List Approach to be held 22 April 2025 from 2PM to 4PM Singapore Time.
(1) Introduction
Regulated financial institutions are mandated to follow KYC procedures, but truly understanding the customer goes beyond ticking boxes. This two-hour virtual workshop will explore a deeper, risk-based approach to KYC and is designed for compliance and risk professionals seeking to strengthen their CDD and EDD frameworks and build a more effective, intelligence-driven financial crime prevention strategy.
Armed with a comprehensive understanding of the evolving KYC landscape and the importance of proactive risk management, participants will explore the pitfalls of a checklist mentality and gain insights into adopting a risk-based approach (RBA) to KYC, including its key components and practical applications in risk assessment.
The session will also cover FATF Recommendation 1 and financial inclusion, offering real-world examples of how institutions can balance compliance with accessibility. In this instructor-led live virtual workshop (delivered via Zoom), the trainer will discuss:
- The evolving landscape of KYC;
- The importance of proactive risk management;
- The pitfalls of a “Checklist Mentality”;
- Understanding the risk-based approach and its components;
- FATF recommendation 1 and financial inclusion;
- Practical examples of RBA and conducting risk assessment; and
- Leveraging technology.
(2) Key Learning Objectives
- Understand the limitations of a checklist-based KYC approach.
- Explore the principles of a risk-based KYC framework and its application on complex scenarios.
- Learn how to effectively assess and manage customer risk.
- Evaluate the role of technology in enhancing KYC efficiency and discuss the benefits and ethical considerations of leveraging RegTech solutions.
- Develop strategies for continuous KYC monitoring.
(3) Workshop Trainer
Julia Chin
A seasoned finance industry professional, Julia has over 25 years of experience in policy implementation with a focus on client due diligence and operational risk management. She is a subject matter expert on Correspondent Banking, Securities Services, and Fintech – in the areas of Financial Crime and Regulatory Compliance. Until recently, Julia Chin was the Head of Compliance at Hugosave, a wealthcare and savings app where she oversaw the organisation’s legal and ethical integrity by ensuring compliance with the regulations of the industry and internal policies through enhancing governance processes and building a compliance culture. Having worked in consultancy, global banking, and regulatory entities such as Standard Chartered Bank, HSBC, Deutsche Bank, KLOFFE and KPMG, Julia has considerable experience in implementation and design standards of control frameworks in Asia and Middle East.
(4) Registration
Participation Fees: USD 50 per person (includes access to slides, recording and Certificate of Completion) Please click on the link below to pay online via credit/debit card and register for this workshop: Seats are limited, so we encourage you to register as early as possible through the following link: Register here
Participants from India can use the following link to pay in INR: Register here - India
ABA members can avail two free registrations per institution for this workshop. To get nominated under free registration, please contact the local ABA liaison at your institution.
(5) Inquiries:
For further inquiries, please contact: Oliver Dickson, Vice President, +91 98231 88864 / +91 93700 78917 oliver@fintelekt.com
Fintelekt Advisory Services Pvt Ltd is a specialist in training and advisory in anti-money laundering (AML) and countering the financing of terrorism (CFT) within banking and financial services sectors. It systematically invests its time and effort in building the skill level of professionals working in the banking and financial sector by assimilating and dispensing industry-reviewed best practices and knowledge.
