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.

Pitch Videos

Aereve is a B2B SaaS-based patented non-Latin multi-lingual on-chain off-chain analytics platform providing access to Regtech, Suptech & ESG solutions for Regulators, Banks, Insurers & Enterprises.

Aereve is an AI-based Regtech, Suptech & ESG tech firm specializing in cutting-edge solutions. We are proud recipients of the RegulationAsia Award 2023 for Best PEPs, Sanctions & Name Screening Solution. Our patented AI and NLP technology delivers higher quality screening results, especially in non-Latin languages.

Facctum – where Financial Crime Compliance is simplified, redefined, and transformed.

At Facctum, our mission is to simplify the complex landscape of regulatory and AML compliance through innovative technology grounded in first principles. Our next-gen AML platform for watchlist management, customer screening, transaction screening and transaction monitoring is cloud native, efficient, scalable and integrates seamlessly into any existing technology stack.

Partners

Associate Partners

Exhibitors

Supporting Organisations

Speakers

Carmen Chu
Lam Chee Kin
Chew Chin Yee
Beju Shah
Andre Leung
Andrea Amatuzio
Bradley Maclean
Brendan Nolan
Brent Estrella
Chuan Lim Ang
Claire Franklin
Deep Pai
Dennis To
Edgar Zayas
Ekta Singh
Fedrick Ling
Florian Dumas
Guy Sheppard
Hiroshi Ozaki
Ivo Peixinho
James Llewelyn-Chawner
Jeffery Lee
John Ho
Jonathan Chong
Jonathan Page
Julien Laurent
June Lau
Kok Keong Ng
Leong Siew Wai
Manesh Samtani
Marc de Beaucorps
Mate Naletilic
Matthew Field
Michael Meadon
Nick Wakefield
Nithya Subramanian
Raaj Kumar Khetan
Radish Singh
Rajesh Raman
Richard Pires
Robin Lee
Samoj Panicker
Sanya Sekhar
Sean Ang
Sean Ryan
Sebastian Ang
Shane Godwin
Sinni Lim
Thomas Hill
Thomas Labbe
Victoria Ting
Wentao Xu
Ying Yi Liew
Zennon Kapron

Event Agenda - 21 May 2024

08:15 - 09:00 - Registration & Networking

Stamford Ballroom

09:00 - 09:05 - Opening Remarks

Stamford Ballroom

09:05 - 09:20 - Regulatory Keynote: Time For an Even More Coherent Response to Fraud

Combatting digital fraud, which impacted the daily lives of millions of individuals and businesses globally, has become a top priority across financial institutions, regulators as well as law enforcement agencies. A collaborative ecosystem response to fraud, underlined by cross-disciplinary risk assessment and management, information-sharing partnerships and customer empowerment, is key. What more needs be done, and how will data and technology help further?

Carmen Chu, Executive Director (Banking Supervision), Hong Kong Monetary Authority​

Stamford Ballroom

09:20 - 09:45 - 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.

Speaker:

Hiroshi Ozaki, Executive Advisor, KPMG AZSA LLC
Ang Chuan Lim, Managing Director, Head of Compliance, CIMB Singapore

Moderator:
Bradley Maclean, Co-Founder, Regulation Asia

09:45 - 10:00 - Dialogue: Beyond the Usual Suspects: How the FBI Navigates Threats from Fraud, IP Theft, and Financial Crime

In this session, a seasoned, US-based FBI investigator will share experience and perspectives on tackling financial crimes, including emerging threats such as romance scams, pig butchering, business email compromise (BEC), and the rise of AI-generated deepfakes. We will discuss investigations into complex crimes involving deepfake-related fraud and learn about the harms caused by intellectual property theft, which has unique crossovers with Asia.

Speaker:

Richard Pires, Supervisory Special Agent, Federal Bureau of Investigation

Moderator:
Guy Sheppard, Chief Operating Officer, Aboitiz Data Innovation

VIP B Lounge

Stream 3: Workshop

09:20 – 10:20 – The Future of Sanctions: A Data-Driven Approach

Sponsored by Bloomberg

Sanctions show no signs of abating, creating compliance pressure. During this interactive session, we’ll survey the global sanctions landscape and its future. We’ll also look at how it has led firms to automate their screening processes—both from an investment and KYC perspective—and how leveraging data is critical in those processes.

  • Understanding the evolution of sanctions
  • Dissecting common challenges of sanctions monitoring & research
  • An integrated data approach to visualizing the impacts of sanctions

Speakers:

Dennis To, APAC Regulatory Specialist, Enterprise Solutions, Bloomberg
Thomas Labbe, Global Regulatory Product Manager, Bloomberg

Stamford Ballroom

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.

Speaker:

Beju Shah, Head of Nordic Centre, BIS Innovation Hub

Moderator:
John Ho
, Head of Legal, Financial Markets, Standard Chartered Bank

Stamford Ballroom

10:20 - 10:50 - Pitch Session

Speaker:

Andre Leung, Co-Founder & CEO, Aereve
Deep Pai, Chief Technology Officer, Facctum; Rajesh Raman, Head of Products, Facctum
Fedrick Ling, Strategic Lead, APAC, Flagright
Florian Dumas, Founder & Executive Director, U-Reg

10:50 - 11:20 - Networking Break

Stamford Ballroom

Stream 1: Banking and Payments

Atrium Ballroom

Stream 2: Capital Markets

VIP B Lounge

Stream 3: 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.

Speakers:

Sean Ryan, Head of Fraud and Financial Crime Prevention APAC, Feedzai
Shane Godwin, Head of Financial Crime, HSBC Singapore
Jonathan Chong, Ex-Head of Risk, APAC, Adyen

Moderator:
Nick Wakefield, Co-Founder, Regulation Asia

11:20-11:45 Panel: Smoky Mirrors: Navigating Financial Crime Risks in Capital Markets

Capital markets play a crucial role in driving economic growth and wealth creation, yet they remain vulnerable to a spectrum of financial crime risks. This panel will explore the how money laundering occurs in capital markets, by examining trends and typologies for such activity. We also explore how geopolitical and sanctions-related risks impact capital market participants, and the how surveillance approaches traditionally designed to target market abuse can also be deployed to target illicit finance risks.

Speakers:

June Lau, SVP, Head of APAC Compliance, State Street
James Llewelyn-Chawner, Head of Customer Operations, TradingHub

Moderator:
Manesh Samtani, News Editor, Regulation Asia

11:20 – 12:20 – The New Face of Fraud in Asia

Sponsored by NICE Actimize

Today’s financial crime landscape is ever-evolving and demands our heightened vigilance. The exploitation of trust, GenAI misuse, and persistent PII data losses underscore the urgency. Our global financial network’s expanding payments capabilities necessitate a proactive stance. The inaugural RegAsia Fraud Barometer, recently released, sets the stage for a crucial dialogue on the detection and operationalisation of these topics.

In a world where change is the only certainty, are you ready to confront the emerging challenges posed by the new faces of fraud in Asia?

  • New Face of Fraud: Concerns, Measures, and Collaboration
  • Adapting to Change: Technology, Liability-sharing, and the Future Impacts in Asia

Moderator:

Jonathan Page, AE- Fraud APAC, NICE Actimize

11:55 – 12:15 – Behind the Mask: A Comprehensive Framework for Addressing the Scam Epidemic

In the last few years, Singapore authorities and banks have been on high alert for digital payment scams. In this session, we discuss the effectiveness of measures implemented by the banking industry. With a focus on which techniques are effective in driving resource allocation and sharing responsibilities with partners locally and cross-borders. We also deep dive into the cost of compliance and enforcement, and how it impacts public-private collaboration.

Speaker:

Lam Chee Kin, Managing Director & Head, Group Legal & Compliance, DBS Bank

11:45-12:05 – Fireside Chat: SGX RegCo’s Approach to Protecting Markets

In this session, Managing Director Chew Chin Yee discusses SGX RegCo’s approach to detection and prevention of potential market abuse in Singapore. We also discuss SGX RegCo’s use of technology to enhance its market surveillance function, identify red flags, and ensure good governance of listed companies, along with other safeguards in place to protect market integrity.

Speaker:

Chew Chin Yee, Managing Director, Head of Regulatory Development and Policy/Strategic Planning Office/Enforcement, SGX RegCo

Moderator:
Bradley Maclean, Co-Founder, Regulation Asia

Stamford Ballroom

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.

Speakers:

Matthew Field, APAC Market Director – AML, NICE Actimize
Ekta Singh, Head of Financial Crime Compliance APAC, Rapyd
Xu Wentao, VP Data Scientist, OCBC
Hiroshi Ozaki, Executive Advisor, KPMG AZSA LLC

Moderator:
Nick Wakefield, Co-Founder, Regulation Asia

Atrium Ballroom

12:05 – 12:50 – Panel: Heightened Expectations: Market Monitoring, Surveillance and Communications in the Digital Era

This panel examines 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.

Speakers:

Brendan Nolan, Global Head of AMG Transformation & QA, Asia Pacific Head – Regulatory Cross Product, Deutsche Bank
Mate Naletilic, APAC Head of Trade Surveillance, UBS
Samoj Panicker, Head, Compliance Surveillance Data and Analytics, Standard Chartered Bank
James Llewelyn-Chawner, Head of Customer Operations, TradingHub

Moderator:
Manesh Samtani, News Editor, Regulation Asia

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

Stamford Ballroom

Stream 1: Banking and Payments

Atrium Ballroom

Stream 2: Private Banking and Wealth

VIP B Lounge

Stream 3: Breakout Session

13:50 – 14:10 – Dialogue: Forgery in the Age of AI: Confronting Gen AI in Document Fraud

As AI technology captures global attention for its potential to revolutionise work and influence, a more immediate concern looms for banks, fintechs and financial regulators – the rising threat of Gen AI in fraud. This dialogue addresses the urgent, time-sensitive challenges posed by AI-driven document forgery, where the capabilities of Gen AI to create convincing fraudulent documents represent a new wave of financial crime. We explore the implications of this technology for document verification processes and discuss strategic responses to mitigate the associated risks.

Speaker:

Marc de Beaucorps, CEO, Finovox

Moderator:
Bradley Maclean, Co-Founder, Regulation Asia

13:50 – 14:35Panel: Sources of Wealth: HNWI, Complex Structures and Effective Due Diligence

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.

Speaker:

Sean Ang, Director FSI, ChainUp
Siew Wai Leong, Head of Financial Crime Compliance, Nomura International Wealth Management
Kok Keong Ng, Head of FCC Innovation & Intelligence, Bank of Singapore
Brent Estrella, Group Chief Compliance Officer, Rizal Commercial Banking Corporation

Moderator:
Manesh Samtani, News Editor, Regulation Asia

13:50 – 15:50 – Threat Talk Live Singapore

Sponsored by BioCatch

Fighting fraud is a community effort. As practitioners, we all have the duty, capability and ability to create a more safe, secure and transparent environment for customers to transact their financial business online.  That’s why BioCatch is bringing our world-renowned fraud fighters community session, The Threat Talk Live, to Singapore. Join us to explore the complexities of fraud, scams, and money laundering in today’s digital era, with a special focus on the transformative role of behavioural biometrics technology.

Learn from expert speakers about global and local fraud trends, the sophisticated use of malware and money mules, and how behavioural biometrics are pivotal in detecting and preventing these threats. Experience these technologies through interactive, gamified scenarios that enhance strategic defences. Engage with peers, share experiences, and gain insights from industry leaders to remain ahead in safeguarding your organisation and preserving customer trust.

  • Global Fraud & Scam Trends
  • Threats from the Wild – Field Insights
  • Scam Games

Speakers:

Edgar Zayas, Director of Global Advisory for APAC, BioCatch
Sebastian Ang, Senior Solution Consultant, BioCatch

14:10 – 14:45 – Panel: From Scam Factories to Money Mules: Combating Fraud and Protecting the Vulnerable

More than 200,000 people are estimated to be working in scam centres in Asia, many can be counted as victims or unwilling participants in these schemes. In this panel, we explore how these criminal organisations operate, including common recruitment methods and the mechanisms they use to launder their proceeds from fraud and scams. We also consider the cutting-edge tools and technology available to detect these illicit activities, offering a glimmer of hope in the fight against scams. We discuss strategies to protect vulnerable populations, including through public-private partnerships and international collaboration.

Speakers:

Robin Lee, APAC General Manager, HAWK
Sinni Lim, APAC Regional Strategy & Impact Director, International Justice Mission
Sanya Sekhar, APAC Head of Payments Compliance, NHN KCP

Moderator:
Zennon Kapron, Managing Director, Kapronasia

14:45 – 15:20 – Panel: Responsible Data Use: Balancing the Need for Fraud Risk Information Sharing with Privacy Obligations

While anti-fraud measures and data privacy safeguards serve crucial public interests, finding the right balance is essential. This panel discusses the importance of establishing data-sharing mechanisms to target fraud and cyber-related crimes. We explore the benefits of data sharing and collaborative analytics and how such mechanisms can be deployed while preserving privacy and protecting consumer rights, including using privacy-enhancing technologies. This discussion will draw lessons from projects like BIS Innovation Hub’s Project Aurora and Interpol’s anti-malware operations.

Speakers:

Julien Laurent, Global Financial Crime Specialist, Group-IB
Beju Shah, Head of Nordic Centre, BIS Innovation Hub
Guy Sheppard, Chief Operating Officer, Aboitiz Data Innovation
Ivo Peixinho, Head of Cybercrime Intelligence Unit, INTERPOL

Moderator:
Bradley Maclean, Co-Founder, Regulation Asia

14:35 – 15:20 – Panel: Billion-Dollar Lessons: Prosecuting High-Profile Money Laundering

In this session, we discuss the drivers of this enhanced scrutiny, with a focus on overseas wealth entering the region such as through family offices, how private banks and wealth managers are responding to keep the industry clean, and expectations for the industry to focus on preventing money laundering risks.

Speakers:

Victoria Ting, Associate Director, Setia Law LLC
Andrea Amatuzio, Partner, Financial Crime Unit, PwC
Ying Yi Liew, Local Principal, Baker McKenzie
Radish Singh, ASEAN Financial Services Risk Management Leader, EY

Moderator:
Nithya Subramanian, Deputy Editor, Regulation Asia

15:20 - 15:40 - Networking Break

Stamford Ballroom

15:40 - 16:15 - Panel: 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.

Speakers:

Michael Meadon, Director, Asia Pacific, LSEG Risk Intelligence
Jeffery Lee, Managing Director, Group Head, Financial Crime & Security Services, DBS
Raymond Wong, Head of Sanctions Compliance, Asia Pacific, BNY Mellon

Moderator:
Nick Wakefield, Co-Founder, Regulation Asia

Stamford Ballroom

16:15 - 16:45 - Panel: Global Risks & Shadow Networks: Politics, Corruption, and Money Laundering - An Outlook for 2025 and Beyond

In 2024, global challenges, such as the ongoing Russia-Ukraine conflict and unrest in the Middle East and Myanmar, have continued to persist. This panel will explore the impact of these events on APAC financial institutions from a financial crime risk management perspective. We consider geopolitical risks, supply chain risks, the potential misuse of NGOs for terrorist financing, and advances in technology that promise to ease the compliance burden for FIs. The panel will discuss practical strategies to navigate the complex future of financial crime compliance.

Speaker:

Claire Franklin, Director – Forensic, Deloitte
Thomas Hill
, Head of Financial Crimes Compliance – APAC, BNY Mellon
Raaj Kumar Khetan
, Executive Director, US Law Compliance Program, ASEAN & South Asia – Financial Crime Compliance, Standard Chartered

Moderator:
Bradley Maclean, Co-Founder, Regulation Asia

16:45 - 16:50 - Pitch Winner Announcement

16:50 - 16:55 - Closing Remarks

16:55 - 18:00 - Cocktail Reception

Tickets

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

Complimentary

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

Associations, Academics, NGOs & Not-for-Profits

 

USD 600 +GST

 

 

 

Technology Firms, Data Providers, Consultants, Law Firms

USD 2500 +GST

 

 

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