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Anti-Money Laundering - 9th Annual Summit (India) 2019

November 7-8, 2019

Thursday 7th & Friday 8th November 2019,
Holiday Inn International Airport,
Mumbai, India

In its 9th year, India’s flagship conference on Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) was held over two days in Mumbai – on 7th and 8th November 2019 at the Holiday Inn International Airport Hotel.

The Summit aimed to contribute to the dialogue towards strengthening AML compliance in the country by facilitating interactions among stakeholders including the FIU India, reporting entities, technology suppliers and academia.


Day 1 : November 7, 2019

8.30 am – 9.30 am


9.30 am – 9.45 am

Welcome Note
Arpita Bedekar, Director – Marketing, Fintelekt Advisory Services

9.45 am to 11.00 am

Keynote Address followed by Q&A Session
Pankaj Kumar Mishra, IRS, Director, Financial Intelligence Unit India (FIU-IND)

11.00 am – 11.30 am

The Future of Fighting Financial Crime
James Mirfin, Global Head of Digital Identity & Financial Crime Propositions, Refinitiv

11.30 am – 12.00 noon

Tea/Coffee Break

12.00 noon – 12.30 pm

Reducing False Positives using AI based Frameworks

Prashant Muddu, Managing Director & CEO, Jocata Financial Advisory & Technology

12.30 pm – 1.00 pm

Power of Data and Technology in AML Compliance

Choon Hong Chua, Director – APJ Head of Compliance Solutions, Bureau van Dijk, a Moody’s Analytics Company

1.00 pm – 2.00 pm

Networking Lunch

2.00 pm – 3.15 pm

Panel Discussion: Making India Ready for its Next FATF Mutual Evaluation

As India prepares for its next round of FATF Mutual Evaluation due in 2021, how can the industry unite to contribute to a successful outcome? What were some of the strengths and weaknesses from the previous round held in 2014, and have they been sustained/ addressed over the years? What are the loopholes that need to be plugged in the existing system? This panel discussion will bring forth the views of representatives from across sectors such as banking, financial services, insurance as well as bring in the regulatory opinion.

Pramod Khandelwal, Faculty Member, Fintelekt Advisory Services

Manish Bhandari, Principal Officer AML/CFT/Sanctions Compliance, ICICI Bank
Neelesh Sarda, Chief Compliance Officer, Aditya Birla Finance
Vikas Anand, Director – Compliance, Legal & Internal Audit, Canara HSBC OBC Life Insurance
Dr Rajkumar Adukia, Chartered Accountant

3.15 pm – 4.00 pm

Mitigating the Sanctions Risk in AML Compliance

Nicholas Turner, Registered Foreign Lawyer, Clifford Chance Hong Kong

4.00 pm – 4.30 pm

Tea/ Coffee Break

4.30 pm – 5.15 pm

Special Address

Brijesh Singh IPS, Secretary & Director General, Information & Public Relations, GoM, and Special Inspector General of Police, Cyber, Maharashtra State, Mumbai

5.15 pm – 5.30 pm

Closing Remarks – Day One

Day 2 : November 8, 2019

9.30 am – 11.00 am

Panel Discussion: Overcoming AML Challenges in Correspondent Banking

The panel will focus on effective and practical solutions to challenges in the areas of sanctions compliance, trade finance screening, and due diligence for Indian banks in correspondent as well respondent relationships. Another area of discussion will be the importance of the Wolfsberg CBDDQ questionnaire for effective risk assessment and compliance with global AML/CFT standards demanded by correspondent banks.

Theresa Karunakaran, Director, Regulatory Affairs, Deutsche Bank

Charan Rawat, Head of Compliance, Rabobank
Sharad Nair, Principal Officer and Head AML, Axis Bank
Sanjeeva Murthy, Executive Vice President – Compliance & Principal Officer, Kotak Mahindra Bank
S. Swaminathan, Senior Vice President – Legal, Compliance & Company Secretary, Tata AIA Life Insurance

11.00 am – 11.30 am

Tea/ Coffee Break

11.30 am to 12.00 pm

Refresh of KYC, Risk Rating and Recertification

Sagar Tanna, Co-Founder, TSS Consultancy

12.00 pm to 12.20 pm

​Presentation: The Future of Payments Screening – Need for Speed

Suresh Vytla, Country Manager India, Accuity

​12.20 pm – 1.00 pm

The Role of the Financial Sector in Combating Wildlife Trafficking Networks and Supporting Enforcement Agencies

Prakriti Srivastava, Country Director, Wildlife Conservation Society – India

1.00 pm – 2.00 pm

Networking Lunch

2.00 pm – 3.15 pm

Panel Discussion: Enhancing the Transparency of Financial Transactions: Best Practices for Ultimate Beneficiary Ownership Identification for Financial Institutions

Cases such as Panama Papers reiterate the need for robust and thorough due diligence not just for acquiring customers, but also to determine the origins of funding. The panel discussion will discuss requirements for UBO identification and draw upon best practices from various sub-sectors of the financial services industry.

Debmalya Maitra, Sr Director – BFSI, Chokshi Group, Partner – Chokshi & Co

Jairam Manglani, Country FCC Head and MLRO, Standard Chartered Bank India
Praveen Mohan Dayal, Senior Vice-President AML, HSBC
Bhalchandra Joshi, Chief – Operations Excellence and Service Delivery, Reliance Mutual Fund
Rajeev Dewal, Senior Advisor – Legal,Indian Banks’ Association

3.15 pm – 3.45 pm

Presentation: Trade Based Money Laundering

Sandeep Mehra, Chief of Internal Vigilance & Head CSIS, FIFC, Mumbai, Citibank

3.45 pm – 4.00 pm

Closing Session and Vote of Thanks


This is a staging enviroment