AML/CTF Annual Summit Philippines 2020

Summits

AML/CTF Annual Summit Philippines 2020

November 23-27, 2020

November 23rd – 27th, 2020 (Virtual Event)
9.30 am to 4.30 pm Philippine Standard Time

The anti-money laundering and counter-terrorism financing (AML/CTF) ecosystem of a country is under constant pressure to reinforce its legal and supervisory framework and to keep up with evolving international AML/CTF standards. This becomes critical as non-compliance brings the risk of falling into the public list of jurisdictions with strategic deficiencies in their AML/CTF systems. The dire consequences of which include de-risking and loss of correspondent banking relationships. Thus, there is a need for continuous knowledge-sharing, exposure to global best practices, and industry-level cooperation, constituting the cornerstone for progress. To enhance capacity building among regulators, intelligence agencies, law enforcement, and all sectors of covered persons, the Anti-Money Laundering Council and Fintelekt presented the AML/CTF Annual Summit Philippines 2020.

From 23 to 27 November 2020, this virtual summit brought together local and global experts to share insights to stakeholders involved in the fight against money laundering and terrorism financing, thus intensifying the AML/CTF regime of the Philippines.

Agenda

Day 1 : November 23, 2021 (Monday)

9:30 am

Welcome Note

Shirish Pathak, Managing Director, Fintelekt Advisory Services

9.45 am

Inaugural Address

Benjamin E. Diokno, Ph.D., AMLC Chairman, Governor of the Bangko Sentral ng Pilipinas

10.00 am

Keynote Address

Atty. Mel Georgie B. Racela, Executive Director, Anti-Money Laundering Council Secretariat

10.45 am

Targeted Financial Sanctions Obligations on Terrorism, Terrorism Financing, and Proliferation Financing

Tom Keatinge, Director, Centre for Financial Crime and Security Studies, Royal United Services Institute (RUSI)

11.45 am

Terrorism Financing: Typologies, Red Flag Indicators and Understanding the Role of Foreign Terrorist Fighters

Tom Keatinge, Director, Centre for Financial Crime and Security Studies, Royal United Services Institute (RUSI)

12.30 pm to 1.30 pm

Lunch Break

1:30 pm

Trade Based Money Laundering: Trends and Implementation Best Practices

Lakshmi Kumar, Policy Director, Global Financial Integrity

2:30 pm

Beneficial Ownership: Identification and Ongoing Due Diligence

Dr Elena Scherschneva, Former FIU Head, Austria

3:30 pm

Cyber Security Improvement Measures

Guy Sheppard, Head of APAC Financial Crime, Initiatives and Intelligence, SWIFT

4:30 pm

Closing Remarks for Day 1

Fintelekt Advisory Services

Day 2 : November 24, 2021 (Tuesday)

9:30 am

Supervision of Targeted Financial Sanctions and Detecting Sanctions Circumvention

Nicholas Turner, Of Counsel, Steptoe & Johnson

10:15 am

Virtual Assets and Virtual Asset Service Providers: Recommendations for Supervisors

Malcolm Wright, Chief Compliance Officer, 100x Group & Advisory Council Chair, Global Digital Finance

11:00 am

Fraud Investigations – Experiences and Best Practices

Mark Nuttall, Country Manager, Hill & Associates Singapore

11.45 am

Investigating and Prosecuting Transnational Crimes

Mark Nuttall, Country Manager, Hill & Associates Singapore

12:00 pm

Lunch Break

1:30 pm

Risk Based Supervision for Securities Sector

Siva Ramann, Managing Director & CEO, National E-Governance Services Ltd (NESL) & Former Executive Director, Securities and Exchange Board of India (SEBI)

2:30 pm

Risk Based Supervision for Insurance and DNFBP Sectors

Debmalya Maitra, Senior Director – Banking, Financial Services & Insurance, Chokshi Group

3:30 pm

Engaging with Media in Relation to Financial Crime Risk, Strategy and Response

George Pearmain, Director of Financial Crime Strategy, Government of Jersey

4.15 pm

Closing Remarks for Day 2

Fintelekt Advisory Services

Day 3 : November 25, 2021 (Wednesday)

9:30 am

Impact of the Anti-Terrorism Act of 2020 (ATA) to the PH’s Counter Terrorism and Counter Terrorism Financing operations

Atty. Frederick Mikhail “Spocky” I. Farolan, Consultant

10:30 am

Anti-Bribery and Corruption

Atul Naval, Faculty Member, Fintelekt Advisory Services

11.30 am

Mechanisms for International Cooperation and Assistance

Russell Wilson, Non-Executive Director, Transparency International Australia and former General Counsel, AUSTRAC

12.30 pm to 1.30 pm

Lunch Break

1:30 pm

Essential Skillsets and Resources for Effective Supervision: Imperatives for Various Sectors

Pramod Panda, Former Principal Chief General Manager, Reserve Bank of India

2:30 pm

Money Laundering and Environmental Crimes

Fabrizio Fioroni, Adviser, AML/CFT – Southeast Asia and the Pacific, United Nations Office on Drugs and Crime (UNODC)

3:30 pm

Global View of Online Crimes

Imran Muhammad, Criminal Intelligence Officer, INTERPOL

4:30 pm

Closing Remarks for Day 3

Fintelekt Advisory Services

Day 4 : November 26, 2021 (Thursday)

9:30 am

Digitization: Benefits and Threats

Atty. Narlette Manacap-Jaravata, Chief Country Compliance Officer, Citibank N.A. Philippines
Dante T. Fuentes, Adviser, Association of Bank Compliance Officers, Inc.

10:30 am

Modern Slavery and Human Trafficking

Archana Kotecha, Founder, The Remedy Project

11:30 am

Asset Tracing and Recovery

Nicholas McTaggart, Founder, The Murinbin Group

12.30 pm to 1.30 pm

Lunch Break

1:30 pm

Investigation, Seizure and Confiscation of Virtual Assets

Pamela Clegg, Director of Financial Investigations & Education, CipherTrace

2:30 pm

SupTech: Recommendations for Supervisors to Leverage Data and Technology

Marco De Simoni, Advisor, Financial Intelligence Unit, Italy

3:30 pm

Balancing Financial Integrity and Financial Inclusion

Eden Dema, Founder, Fantasia Hamtsham Consultancy and Former Deputy Governor, Royal Monetary Authority of Bhutan

4:30 pm

Closing Remarks for Day 4

Fintelekt Advisory Services

Day 5 : November 27, 2021 (Friday)

9:30 am

Regulatory Issuances

Atty. Florabelle M. Santos-Madrid, Director, Financial System Integrity Department, Bangko Sentral ng Pilipinas

10:30 am

Regulatory Issuances

Atty. Mel Georgie B. Racela, Executive Director, Anti-Money Laundering Council Secretariat

11:30 am

Conducting Institutional Risk Assessments

Theresa Karunakaran, Former Director Regulatory Affairs Deutsche Bank AG and Former General Manager – Department of Supervision, Reserve Bank of India

12.30 pm to 1.30 pm

Lunch Break

1:30 pm

The Role of Thematic Reviews in Screening and Other Core Compliance Controls

Guy Sheppard, Head of APAC Financial Crime, Initiatives and Intelligence, SWIFT

2:30 pm

Maximizing Public Private Partnerships

Mariano Federici, Former Chair of Egmont Group of FIUs and Vice President at K2 Intelligence, Financial Integrity Network

3:30 pm

Avoiding the FATF Grey List: Critical Success Factors for the Philippines

Daniel Thelesklaf, Former FIU Head, Switzerland & Former Co-Chair of the European ICRG Joint Group

4:30 pm

Summit Closing Remarks

Atty. Mel Georgie B. Racela, Executive Director, Anti-Money Laundering Council Secretariat
Shirish Pathak, Managing Director, Fintelekt Advisory Services

Speakers

Benjamin E. Diokno AMLC Chairman Governor of the Bangko Sentral ng Pilipinas

Atty. Mel Georgie B. Racela Executive Director, Anti-Money Laundering Council Secretariat

Shirish Pathak Managing Director
Fintelekt Advisory Services

Tom Keatinge Director, Centre for Financial Crime and Security Studies Royal United Services Institute (RUSI)

Lakshmi Kumar Policy Director Global Financial Integrity

Dr. Elena Scherschneva Former FIU Head
Austria

Guy Sheppard Head of APAC Financial Crime, Initiatives and Intelligence SWIFT

Nicholas Turner Of Counsel, Steptoe & Johnson

Malcom Wright Chief Compliance Officer, 100x Group & Advisory Council Chair, Global Digital Finance

Mark Nuttall Anti-Crime Specialist and Business Generalist

Siva Ramann Managing Director & CEO, National E-Governance Services Ltd (NESL) & Former Executive Director, Securities and Exchange Board of India (SEBI)

Debmalya Maitra Senior Director – Banking, Financial Services & Insurance Chokshi Group

George Pearmain Director of Financial Crime Strategy Government of Jersey

Atty. Frederick Mikhail “Spocky” I. Farolan Consultant

Atul Naval Faculty Member Fintelekt Advisory Services

Russell Wilson Non-Executive Director, Transparency International Australia and former General Counsel, AUSTRAC

Pramod Panda Former Principal Chief General Manager Reserve Bank of India

Fabrizio Fioroni Adviser, AML/CFT – Southeast Asia and the Pacific United Nations Office on Drugs and Crime (UNODC)

Muhammad Imran Criminal Intelligence Officer, Financial Crimes Unit, INTERPOL

Dante T. Fuentes Adviser Association of Bank Compliance Officers, Inc.

Atty. Narlette Manacap-Jaravata Chief Country Compliance Officer Citibank N.A. Philippines

Archana Kotecha Founder
The Remedy Project

Nicholas McTaggart Founder
The Murinbin Group

Pamela Clegg Director of Financial Investigations & Education CipherTrace

Marco De Simoni Advisor
Financial Intelligence Unit, Italy

Eden Dema Founder, Fantasia Hamtsham Consultancy and Former Deputy Governor, Royal Monetary Authority of Bhutan

Atty. Florabelle M. Santos-Madrid Director, Financial System Integrity Department Bangko Sentral ng Pilipinas

Theresa Karunakaran Former Director Regulatory Affairs Deutsche Bank AG and Former General Manager – Department of Supervision, Reserve Bank of India

Mariano Federici Managing Director, K2 Integrity & Former Chair of Egmont Group of FIUs

Daniel Thelesklaf Project Director, Finance Against Slavery and Trafficking (FAST) Initiative at United Nations University Centre for Policy Research (UNU-CPR)