Fraud & Financial Crime Asia 2023

Hosted by Regulation Asia

13th July - Singapore

Lead Sponsors

Co Sponsors

Associate Sponsors

Supporting Organisations


Regulation Asia’s Fraud & Financial Crime Summit is now in its third year. This 1-day, new for 2023 multi-stream event will bring together industry experts, policymakers and technologists to provide fraud and financial crime practitioners with a comprehensive view of the evolving regulatory landscape, emerging risks and tactics used by bad actors across key digital fraud and financial crime,  as well as discussing hot topics including, money laundering, entity resolution, terrorist financing, sanctions evasion, proliferation financing, tax avoidance and cybercrime.

New for 2023

Hosted in Singapore, encompassing 2 streams, with multiple breakout areas and private networking rooms, this event will be the largest gathering of financial crime compliance practitioners in the region.

Multiple Streams
The event in 2023 will expand to include a stream focused on Financial Crime and another on Fraud. Each stream will take place concurrently after the main plenary panel sessions conclude in the morning.

Breakout Roundtable Sessions
Two private rooms will be running throughout the day hosting a series of private First-Come-First-Serve roundtables made available to all attendees. Some of these will be hosted by our partner firms of the event, others by the Regulation Asia research & editorial team.

Event Sponsors


Associate Partner


Keynote Speaker

Carmen Chu

Executive Director (Enforcement & AML)

Hong Kong Monetary Authority


Erik Grossman

Senior Compliance Officer


Hannah Puganenthran

Head of Compliance (APAC)


Jevgenjia Binkyte

Fraud Risk Officer (Asia-Pacific)

A.P. Moller - Maersk

Ng Kok Keong

FCC Innovation, Data Analytics & Technology

Bank of Singapore

Nadia Riberio

Regional Head of Compliance MENAP & APAC

Matthew Field

APAC Market Director, AML

NICE Actimize

Tim Dalgleish

VP Global Advisory


Grace Then

Assistant Director – Financial Crime Practice Lead, ASEAN

Moody's Analytics

Su Kiang Lau

Executive Director - Conduct, Financial Crime & Compliance

SC Ventures


08:15 – 09:00

Event Open & Networking 

09:00 – 09:05

Opening Remarks

09:05 – 09:20

Opening Keynote

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

09:20 – 10:05

Panel: Old Problems, New Tools: Fighting Digital Fraud and Financial Crime in the Age of Generative AI 

  • Emerging challenges: Exploring the dark side of innovation, new challenges in digital fraud and financial crime as new tech such as generative AI tools emerge and necessitate more innovative approaches to combat effectively. 
  • Bad actor techniques and tools: Unveiling the techniques employed by bad actors, from synthetic identities and money muling to forged documentation, ransomware and the use of AI tools. 
  • Regulatory and enforcement focus: Addressing regulators and law enforcement agencies’ increased attention on combatting digital fraud and financial crime. 
  • Addressing risks and taking action: Identifying risks for FIs and consumers and the advancements made in detection and prevention 

Speakers to be announced in due course   

10:05 – 10:50

Panel: New Channels, New Risks: A Double-Edged Sword for Fraud & Money Laundering in New Payments & Embedded Finance 

  • Threat landscape: Examining the evolution of payment channels and risks in embedded finance, as well as the transformative impact of digital assets, GameFi, embedded finance, and new payment methods on the threat landscape. 
  • Regulatory reaction: Exploring how regulators are reacting to new risks and typologies, including the introduction of new liability models, and new expectations on detection and prevention.
  • Evolution not revolution: Defining risk parameters and measures to enhance monitoring systems to adapt to the evolving threat landscape. 

Nadia Riberio, Regional Head of Compliance MENAP & APAC,  
Matthew Field, APAC Market Lead, Anti-Money Laundering, NICE Actimize

More speakers to be announced in due course

10:50 – 11:10

Networking Break

11:10 – 11:30

Fireside Chat: Knock-on Effects: Assessing Emerging Geopolitical Risk and Sanctions Implications for Banks  

  • Understanding geopolitical risks: Exploring OFAC perspectives on interconnected geopolitical risks and their impact on banks, including sanctions, instability, and regulatory changes.  
  • Compliance challenges: Analysing evolving regulations and the sanctions landscape, and the challenges for banks in uncovering control relationships, performing due diligence, and enhancing monitoring and screening effectiveness.  
  • Risk management and technology strategies: Expectations on the use of technology, effective strategies, and risk assessment for mitigating geopolitical and sanctions risks. 

Erik Grossman, Senior Compliance Officer, OFAC (US Treasury’s Office of Foreign Assets Control)

Speakers to be announced in due course

11:30 – 11:45



11:45 – 12:30

Panel: From Cat-and-Mouse to Smart Countermeasures: Sanctions Evasion in the Digital Age 

  • Evolving techniques: Exploring the latest techniques used by sophisticated actors and cybercriminal networks to evade sanctions in the digital landscape, leveraging emerging technologies. 
  • Digital transformation and challenges: Analysing how digitalisation has transformed the dynamics of sanctions evasion, presenting new challenges and vulnerabilities for financial systems.  
  • Technology and countermeasures: Examining the role of emerging technologies such as blockchain, cryptocurrency, and artificial intelligence in both facilitating and combating sanctions evasion, with a focus on data analytics and AI-driven detection methods. 

More speakers to be announced in due course

12:30 – 13:30

Lunch Networking Break

Financial Crime Stream

Fraud Stream

13:30 – 14:15

Panel: Behind the Mask: Advancing Beneficial Ownership Transparency, Data Accessibility, and Professional Accountability

  • Unmasking hidden owners: Exploring the challenges of enhancing beneficial ownership transparency, and methods of uncovering the individuals behind financial crimes to bolster the effectiveness of investigations. 
  • Entity resolution & network analytics: Examining the importance of have in place effective procedures to enable the accurate identification of entities involved in illicit activities, and the use of network analytics to detect links between such entities. 
  • Promoting data accessibility and accountability: Enhancing access to data on companies and ensuring professional responsibilities to combat financial crime are taken seriously. 

Speakers to be announced in due course   

Panel: Machine Wars: Decrypting the Future Landscape of Fraud and Cyber Crime in the Digital Era

  • Evolving threats & tactics: Exploring fraud and cybercrime techniques, from phishing and ransomware to machine learning and bot attacks,  and the challenges these techniques present to firms. 
  • Regulatory complexities: Understanding the challenges of cross-border crime, data privacy laws, liability sharing models, and factors that hinder international cooperation on cybercrime. 
  • Reinforcing defences & safeguards: Leveraging machine learning, AI, public-private partnerships, information sharing, and privacy-enhancing technologies to strengthen defences against evolving threats. 

Tim Dalgleish, VP Global Advisory, BioCatch  

More speakers to be announced in due course   

14:15 – 14:35

Fireside Chat: Beyond Borders: Exploring Red Flags, Detection and Mitigation in Trade-Based Money Laundering

  • Exploring common typologies and tactics in TBML, and the involvement of state-backed actors. 
  • Managing vessel and shipping risk by prioritising vessel ownership checks, due diligence, and effective controls. 
  • Commodities fraud: Strategies to detect and prevent fraud related in global commodities trade.
  • Trade sanctions and evasion tactics: Analysing the impact of sanctions, export controls, and evasion tactics on trade and exploring effective countermeasures. 

Speakers to be announced in due course

Fireside Chat: Chasing Shadows: Decoding Patterns and Red Flags Indicating Synthetic Identities and Money Muling

  • Synthetic identities: Exploring the creation of synthetic IDs and other deceptive techniques used by criminals to open accounts and access financial services. 
  • Money muling: Understanding the strategies, recruitment methods, and transactional patterns employed by bad actors to launder illicit funds through mule accounts. 
  • Detecting red flags: Exploring advancements in data-driven analytics in the detection and prevention of synthetic identities and money muling. 
  • Breaking down organisational silos: The importance of technology and collaboration in the development of effective strategies to combat synthetic identities and money muling, and enhance overall financial security. 

Speakers to be announced in due course

14:35 – 15:20

Panel: Securing the Chain: Managing Financial Institutions' Exposure to Third-Party, Corruption and Supply Chain Risks

  • Mapping the chain: Understanding the complexities of third-party risks in supply chains 
  • Combating corruption: Understanding and addressing vulnerabilities in supply chain relationships 
  • Due diligence dynamics: Best practices for assessing and monitoring for third-party risks in supply chains 
  • Regulatory landscape: Exploring the evolution of the regulatory landscape for supply chain and third-party due diligence and related legal and compliance challenges
  • Strategy to action: Implementing comprehensive approaches and tools to detect and mitigate third-party and corruption risks in supply chains 

Grace Then, Assistant Director – Financial Crime Practice Lead, ASEAN, Moody’s Analytics
Jevgenjia Binkyte, Fraud Risk Officer (Asia-Pacific), Maersk

More speakers to be announced in due course

Panel: Beyond the Likes: Confronting Social Media's Fraud Epidemic with Regulation, Liability Sharing, and Data-driven Countermeasures

  • Convergence: Exploring the intersection of social media fraud and financial services, including identity theft, fake accounts, social engineering, phishing, and advertising scams. 
  • Obligations and responsibilities: Discussing the roles and responsibilities of social media platforms, advertisers, technology companies, banks, and users in detecting, preventing, and reporting fraud.
  • Liability models: Considering liability sharing models across jurisdictions to improve accountability and ensure fairness.  
  • Harnessing data and AI tools for mitigation: Exploring the power of data analytics, AI, and machine learning in identifying fraudulent activities on social media, enhancing detection mechanisms, and implementing robust mitigation strategies. 

Speakers to be announced in due course

15:20 – 15:40

Networking Break

15:40 - 16:00

Fireside Chat: The Rise of the Machines: Perpetual KYC, Risk Scoring and PEP Screening

  • Can machine learning be more predictive in keeping up with the risks posed by bad actors or politically exposed persons?
  • Will the increasing reliance on AI and machine learning create new challenges? What happens when things go wrong?  
  • Improving the effectiveness of machine learning in detecting and managing risks associated with bad actors and PEPs, and the potential challenges that arise from increased reliance on AI and machine learning.
  • The importance of robust PEP and sanctions data and its application in automated behavioral analytics in continuous KYC and customer monitoring. 

Speakers to be announced in due course

Fireside Chat: The 'Customer' Isn't Always Right: Tackling the Rise of First-Party Fraud, Unauthorized, CNP and Credit Line Scams

  • Understanding first-party fraud: Tactics and techniques used by bad actors to commit first-party fraud, such as identity theft and the use of stolen identities to access bank loans and other financial services. 
  • Balancing risk and efficiency: Examining the challenges faced by institutions in onboarding customers quickly while maintaining effective due diligence processes to mitigate the risks associated with first-party fraud.
  • Leveraging data to strengthen due diligence: Discussing privacy challenges and data strategies / technologies that can enhance due diligence processes, including the use of advanced identity verification methods, data analysis, and fraud detection tools. 

Speakers to be announced in due course

16:00 - 16:40

Panel: Shades of Grey: Redefining Risk and Validation in Medium to High-Risk Jurisdictions

  • Regulatory landscape & compliance challenges: Understanding your regulatory obligations, compliance challenges, and common countermeasures. 
  • Risk gradation & alternative data: Performing risk assessments in medium to high-risk jurisdictions, and the use of alternative data sources for enhanced analysis and decision-making. 
  • Scoring & validation strategies: Incorporating alternative data for risk scoring and corroboration of SoW and SoF information in different jurisdictions. 
  • Harnessing technology and non-traditional data sources to meet regulatory requirements and improve risk assessment. 


Ng Kok Keong, FCC Innovation, Data Analytics & Technology, Bank of Singapore  

More speakers to be announced in due course

Panel: Buy Now, Fraud Later: The Rise of Embedded Finance and other Fraud Risks in the Open Banking Era​

  • Embedded finance and fraud: Exploring the risks associated with third-party exposures and the integration of financial services into non-financial platforms. 
  • Open banking challenges: Analysing the unique fraud risks introduced by open banking and the innovative technological solutions and data-driven approaches to address them. 
  • Regulatory considerations: Exploring regulatory obligations to detect and prevent, as well as the role of technology in monitoring third-party and ecosystem risks, improving compliance processes, and strengthening overall risk management. 

Su Kiang, Lau, Executive Director – Conduct, Financial Crime and Compliance, SC Ventures  
Hannah Puganenthran, Head of Compliance APAC, Wirex 

More speakers to be announced in due course

16:40 – 16:45

Closing Remarks