Following the passage of new AML / CFT legislation, Designated Non-Financial Businesses & Professions (DNFBPs) including Estate Agency Sector are required to comply with Customer Due Diligence (CDD) and Recordkeeping requirements, commencing 1 March 2018.
Together, K-Town Community & Thomson Reuters will shed light on the new EAA AML / CTF Know-Your-Customer (KYC) requirements, its impact on DNFBPs and showcase how Thomson Reuters screening tools can help your organization to perform CDD and Recordkeeping in an efficient way with minimal human resources.
• Slice & Dice the key aspects of EAA AML Checklist
– Customer Screening: Identifying PEPs, sanctions, terrorist suspects
– Checking SOW / SOF for PEPs
– Risk Rating
– CEDD measures for high risk customers & on-going monitoring
– Reporting suspicious transaction to JFIU
– Record Keeping
– Audit on Compliance
• Step by Step Guide on how to best use Thomson Reuters’ AML Platform
• Learn how-to search and resolve matches found, plus record keeping
Global Compliance Consulting
• Introduction to New Regulatory Regime
• Anti-Money Laundering (AML) Counter-Terrorist Financing (CTF) and KnowYour-Client (KYC) requirements for DNFBPs
– What is Money Laundering? How do you establish risk based approach in developing policies and procedures for AML?
– What are relevant AML laws & regulations you can find in Hong Kong?
– What is KYC and why it is important to perform KYC as the prime defense against Money Laundering?
– What construes good / bad KYC profiles?
Date: 8th May 2018 Time: 615PM – 745PM (registration starts at 6pm)
Venue: K-Town Hub (Central) (Unit 1, 8/F, Winning House, 10-16 Cochrane St, Central, Hong Kong)
Solution Consultant, Risk, Thomson Reuters
Certified Anti-Money Laundering Specialist, ACAM
MD of Global Compliance Consulting and CEO of K-Town Community
6:15pm: Global Compliance Consulting
Speaker: Luke Cheng, GCC – MD
6:45PM: Thomson Reuters
Speaker: Patrick Ma, Thomson Reuters – Senior Consultant
7:45pm: Q & A and Networking