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Anti-Money Laundering - 7th Annual Summit 2017

Thursday, October 12, 2017
8.00 am to 6.00 pm

Grand Hyatt Santacruz

The 7th Annual Summit on Anti-Money Laundering was held on Thursday, October 12, 2017 at Mumbai. This event, which is the country's flagship conference on the subject, provides an exclusive platform for dialogue between regulators, financial industry practitioners and consultants on various aspects of AML and CFT.


8.00 am

9.00 am to 10.30 am
Inaugural Session

  • Welcome Note by Shirish Pathak, Managing Director, Fintelekt Advisory Services
  • Opening Address by Conference Chairman - Vikas Tandon, Global Head - AML Risk & Control, Citibank
  • Keynote Address by Manoj Kaushik, IPS, Additional Director, Financial Intelligence Unit India (FIU-IND)
  • Presentation on Uncovering Sanctions Risk in Trade Finance Transactions by Sambit Mohanty, Country Head, Accuity

11.00 am to 11.30 am

11.30 am to 12.00 pm
Presentation: The Role of Beneficial Ownership in Sanction Compliance Programs
Vinod Menon, Regional Manager, Bureau van Dijk

12.00 pm to 1.30 pm
Panel Discussion: Current AML Trends and Issues

Vikas Tandon, Global Head - AML Risk & Control, Citibank
Madhu Sinha, Director AML Compliance & AMLCO, Citibank India
Ravi Lahoti, Head - AML, HDFC Bank
K V Ravichandra, General Manager Compliance, International Banking Group, State Bank of India
Bhalchandra Joshi, Senior Vice President, Head Service Delivery & Operations Excellence, Reliance Mutual Fund 
Vikas Anand, Director - Legal & Compliance, Canara HSBC OBC Life Insurance

Key Issues:

  • Impact and Role of Aadhaar on e-/KYC, unique customer identification, Aadhaar seeding and relevance to CKYC; and overall AML risk management
  • Ongoing monitoring of high risk accounts
  • Relevance, process and impact of de-registration of companies by MCA and listing of shell companies by FIU
  • Balancing compliance and business considerations and improving the quality and integrity of reporting

1.30 pm to 2.30 pm

2.30 pm to 3.30 pm
Panel Discussion: Trade Based Money Laundering

Pushpendra Sharma, Head - Compliance, RBL Bank
N Ashok, Head - Trade Monitoring, Financial Crime Surveillance Unit, Standard Chartered Global Business Services
Charan Rawat, Former Chief Governance Officer, Barclays Bank India
Anurag Jain, Head of Risk and Market Development, Thomson Reuters

Key Issues:

  • New trends and impact of EDPMS / IDPMS
  • Lessons and best practices

3.30 pm to 4.30 pm
Panel Discussion: Digital Payment Products and AML Risk Management

Sagar Tanna, Co-Founder, TSS Consultancy
Jairam Manglani, Country Head - Financial Crime Compliance & Principal Officer, Standard Chartered Bank India
Devendra Raghav, Head of Compliance & Risk, Aditya Birla Idea Payments Bank
Akshay Chopra, Director - Strategic Initiatives, Jocata Financial Advisory & Technology
Arpit Ratan, Co-Founder, Signzy

Key issues:

  • AML risk exposure from digital payment products and blockchain, P2P etc.
  • Experimentation v/s control in new digital products like prepaid, aadhaar-based cards and merchant acquisition; ideal AML thresholds and pattern recognition; how and when should control be applied?
  • Challenges of data availability due to technology outsourcing and commitment of tech partners/fintechs to compliance standards

4.30 pm to 5.00 pm

5.00 pm to 5.45 pm
Presentation: Money Laundering Threats from Virtual Currencies
, Additional Director General, Directorate of Income Tax (Risk Assessment), Central Board of Direct Taxes

5.45 pm
Closing Remarks by Conference Chairman

Platinum Partner


Gold Partners

Silver Partner


Conference Chairman - Vikas Tandon, Citibank