Fraud & Financial Crime Asia 2024

21 May 2024 - Swissôtel The Stamford, Singapore

Lead Sponsors

Co Sponsors

Associate Sponsors

Supporting Organisations

Asia-Pacific's Largest Gathering of Financial Crime Professionals returns

The crossover between fraud and financial crime is sharper and more pronounced than ever, presenting an imminent and growing threat to the region’s security and prosperity. These challenges, further exacerbated by growing vulnerabilities and digital disruptions like generative AI, call for immediate industry action to safeguard the financial landscape in 2024.

As such, the finance sector stands at another pivotal juncture as it navigates the delicate balance between operational efficiency and effectiveness amidst unprecedented technological advancements, escalating threats of financial crime, and global crises that are not only competing for policymakers’ finite attention but also increasingly feeding one another in unpredictable ways.

Returning in its fourth year, Fraud & Financial Crime Asia 2024 invites industry experts, policymakers, and technologists to prepare for the prevention, detection, and response to financial crime and compliance risks. We will delve into a comprehensive discussion of the rapidly changing landscape, emerging technologies, and illegal activities, as well as industry initiatives to combat illicit conduct.

This year, beyond investigating the most pressing global themes, the event will feature three streams – banking/payments, capital markets, and private banking/wealth management – to explore technology advancements and industry initiatives to combat traditional and emerging threats, with a keen focus on navigating the rapidly evolving fraud and financial crime landscape.


Associate Partners

Supporting Organisations

Keynote Speaker

Carmen Chu


Siew Wai Leong
Raaj Kumar Khetan
Liliya Barchuk
Lam Chee Kin
June Lau
Jeffery Lee
Jamil Ahmed
Hiroshi Ozaki
Ekta Singh
Chuan Lim Ang

Event Agenda - 21 May 2024

08:15 - 09:00 - Registration & Networking

09:00 - 09:05 - Opening Remarks

09:05 - 09:20 - Regulatory Opening Keynote

Carmen Chu
Executive Director (Enforcement & AML)
Hong Kong Monetary Authority

09:20 - 10:00 - Panel: Establishing AML/CFT Policy, Assessing Implementation and Enhancing Effectiveness

The 5th round of FATF mutual evaluations will soon be upon us. In this panel, we explore the priorities for standard setting and enacting AML/CFT regulatory frameworks at the global, regional and jurisdictional levels. We consider how countries, regulators and industry stakeholders should be preparing for the upcoming mutual evaluations and how to ensure effectiveness in implementation of AML/CFT policy.

10:00 - 10:20 - Fireside chat: How Technology and Data are Changing the Risk Landscape and the Future of Financial Crime

The complexity of the payments landscape can make detection and prevention costly and ineffective. Yet, with new approaches that leverage data, advanced technologies, and collaborative techniques, the industry has been bolstering its arsenal for combating financial crime. We explore the technology developments driving the most significant change, and what innovation means for the future of financial crime.

10:20 - 10:50 - Pitch Session One

10:50 - 11:20 - Networking Break

Stream 1: Banking and Payment

Stream 2: Capital Markets

Exclusive Roundtable

11:20 – 11:55 – Panel: Fast Lane Fraudsters: Retail and Fast Payment Fraud

Fraud and scams cases have continued to rise globally, despite efforts by governments, policymakers and financial institutions. We explore some of these efforts and how well they are working, seeking to identify the highest-impact preventative measures, as well as areas where more needs to be done at a global, regional and local level.

11:20 – 11:55 Panel: Smoky Mirrors: Navigating Financial Crime Risks in Capital Markets

Capital markets are pivotal for economic growth and wealth creation, yet they remain vulnerable to a spectrum of financial crimes, such as insider trading and market manipulation. This panel will explore the sophisticated financial crime threats facing investors, institutions, and regulators within these markets, as well as the systems, controls and surveillance needed to detect them.

11:20 – 12:20 – Change is a constant – are you prepared?

Sponsored by NICE Actimize

11:55 – 12:15 – Fireside Chat: Securing Identities: Synthetic IDs and Money Muling

Deepfake technology, GenAI and other innovations have made it easier for criminals to commit impersonation fraud and circumvent financial industry controls. We examine the changing landscape for identity, how this impacts digital fraud, and how mule activity is facilitating crime and money laundering on a global scale.

11:55 – 12:15 – Fireside Chat: Money Laundering in Capital Markets

Money laundering in capital markets can be a complex process, as it involves making illicit funds appear legal through transactions designed to obscure. In this session, we explore how illicit funds are introduced into markets, how complex trades are used to wash away the audit trail, and how value is transferred across borders and funnelled back into the real economy to complete the process.

12:15 – 12:50 – Panel: Foundation of Trust: Onboarding, Pristine Data, and AML Effectiveness

KYC and client onboarding are the bedrock upon which any AML programme is built. In this panel, we explore the importance of pristine data for effective financial crime risk management, and how sub-standard KYC practices can undermine efforts to leverage AI, machine learning and data analytics techniques to improve AML efficiency and effectiveness.

12:15 – 12:50 – Panel: Market Monitoring, Surveillance and Communications

In this session, we examine the evolving market monitoring and surveillance landscape, including how new technologies like AI and machine learning are being applied to bolster out ability to detect and prevent malicious activities. We explore the use of technology to detect complex patterns, behavioural anomalies and cross-market activity that can indicate misconduct, abuse and financial crimes.

12:25 – 12:50 – Roundtable 2

Ekta Singh 
Head of Financial Crime Compliance APAC

12:50 - 13:50 - Lunch & Networking Break

Stream 1: Banking and Payment

Stream 2: Private Banking and Wealth

Exclusive Roundtable

13:50 – 14:25 – Panel: De-Risking or De-Banking: UBO Verification and Entity Resolution

Beneficial ownership transparency has been a key priority for the FATF in recent years. We examine initiatives underway to achieve greater transparency of ownership and control relationship, and where jurisdictions are falling short. We also consider the tools and techniques firms can use to identify ultimate beneficiaries more effectively and how this can lead to better risk management and screening outcomes in today’s increasingly complex financial crime landscape.

13:50 – 14:25 – Panel: Source of Wealth: HNWI, Complex Structures and Source of Wealth

In this session, we discuss how private banks and wealth management firms should about conducting due diligence and obtaining and verifying source of wealth information to minimise these risks, while also maintaining the privacy and service level expected by HNWIs. We also explore the role of offshore entities in wealth management, the risks they pose, and how to navigate potential exposures to sanctions, tax evasion and corruption risks.

13:50 – 14:50 – Roundtable 3

14:25 – 14:45 – Fireside Chat: Silent Saboteur: Tackling Insider Threats and Corporate Fraud

Not all threats come from outside the organisation. Insider threats and corporate fraud represent a complex and potentially devastating risk to businesses. We examine the multifaceted nature of internal risks, from the psychology of a fraudster to the latest in surveillance and detection technologies and the red flags and vulnerabilities firms should be on the look-out for.

14:25 – 14:45 – Fireside Chat: Clean Singapore: Intensified Scrutiny and Enhanced Due Diligence

Singapore authorities have in the last year heightened focus on preventing money laundering risks in the city-state. In this session, we discuss the drivers of this enhanced scrutiny, with a focus on overseas wealth entering Singapore such as through family offices, how private banks and wealth managers are responding to keep the city clean, and expectations for the industry moving forward.

14:45 – 15:20 – Panel: Dirty Green: Exposing Complex Risks in Supply Chain and Third-Party Relationships

Financial institutions operate within a web of intricate and global supply chains and third-party relationships, where the complexity of transactions and the interdependence of entities can obscure serious risks. We consider changing regulatory expectations on the detection and mitigation of such risks from a financial institution’s perspective, seeking to identify key challenges as well as due diligence best practices to avert debilitating cyber intrusions, minimise ESG-related risks, and prevent inadvertent sanctions risk exposures.

14:45 – 15:20 – Navigating the Polycrisis: Sanctions, PEPs, Corruption and Terrorist Financing

The current landscape for financial institutions has become highly complex, requiring them to navigate multiple financial crime areas that are increasingly converging. Firms face a raft of ever-changing international sanctions, terrorist financing and corruption risks, which can often be linked to the politically-exposed. In this session, we explore these interconnected issues to provide insights into effective compliance strategies, due diligence processes, and risk management techniques.

15:20 - 15:40 - Networking Break

15:40 - 16:10 - Pitch Session Two

16:10 - 16:45 - Panel: From Freeze to Seize: FIU Perspectives on Cross-Border Digital Fraud and Financial Crime

At a time when digital fraud and financial crime operate without borders, swift and coordinated international action is crucial. In this panel, we discuss how law enforcement agencies (LEAs) and financial intelligence units (FIUs) are ramping up their cooperative arrangements, sharing data, and coordinating joint investigation and asset recovery efforts. We also explore the legal and regulatory challenges jurisdictions continue to face in combatting cross-border financial crime, and the steps being taken to resolve these obstacles and protect the integrity of the global financial system.

16:45 - 16:50 - Closing Remarks

16:50 - 18:00 - Cocktail Reception & Pitch Winner Announcement


Financial Services Institutions (Banks, Asset Managers, Exchanges, Regulators)


(All applications will be reviewed and approved according to qualifying status)

Associations, Academics, NGOs & Not-for-Profits


USD 480 +GST

(Early-bird Price – 20% discount – Expires 21 April)

Technology Firms, Data Providers, Consultants, Law Firms


USD 2,000 +GST

(Early-bird Price – 20% discount – Expires 21 April)

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Charmaine Athaide
Commercial Director

Ben Fitch
Commercial Director
(Europe & US)

Maya Javier
Business Development Manager (Asia-Pacific)

Content & Operations

Fred Pi
Senior Event Producer

Stephanie Chang
Marketing Manager

Una Chee
Senior Events Manager