The Asian Bankers Association (ABA) and Fintelekt Advisory Services, a Knowledge Partner of ABA, are organizing a virtual workshop on Addressing AML Risks in DNFBPs: Insights for Banks & Financial Institutions to be held on 15 May 2025 from 2PM to 4PM Taipei Time.
Introduction
There is a rising regulatory scrutiny around DNFBP (Designated Non-Financial Business and Professions) like lawyers, accountants, and real estate agents in many Asian jurisdictions. We consider that it is crucial for banks and financial institutions to stay ahead of upcoming changes affecting their business relationships. In this instructor-led live Zoom session, AML expert Ravi Lahoti will guide you through:
- Overview of key AML laws and regulations around DNFBPs.
- Understanding FATF recommendations, review and guidance on DNFBPs.
- Identifying sector-specific vulnerabilities and risks for financial institutions in Asia.
- Customer due diligence, reporting requirements, and monitoring obligations of DNFBPs.
- Challenges to financial institutions and mitigation strategies.
- Consequences of non-compliance and key takeaways.
Key Learning Objectives:
- Develop and implement a structured risk-based approach tailored to DNFBP-specific challenges.
- Stay ahead of evolving AML regulations and FATF recommendations to ensure pro-active compliance.
- Leverage best practices to improve customer risk assessments and transaction monitoring.
- Understand the high stakes of AML non-compliance and implement strategies to safeguard against financial and reputational damage.
Workshop trainer
Ravi Lahoti is an AML & Audit expert with more than 21 years of working experience in large private sector banks in India. In his previous roles, he headed the Audit function at Bandhan Bank and prior to that was the Money Laundering Reporting Officer and Head – AML at HDFC Bank. He is a Chartered Accountant and a Company Secretary by qualification.
Registration
Participation Fees: USD 50 per person (includes access to recording and Certificate of Completion)
Please click HERE to pay in US Dollars via credit/debit card and register for this workshop. If you want to pay in Indian Rupees click HERE and register. ABA members can avail of two free registrations per institution for this workshop. To get nominated under the free registration, please contact the local ABA liaison at your institution, and write to programs@aba.org.tw.
ABOUT FINTELEKT
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.
For more information, write to contact@fintelekt.com and/or Tel / Whatsapp / Viber: +91 9370078917
