The next Fintelekt Advisory Services and the Asian Bankers Association virtual workshop will be on Identifying and Mitigating Product Vulnerabilities for Money Laundering and Terrorist Financing (ML/TF).

In today’s rapidly evolving financial landscape, criminals continuously adapt by exploiting the nuanced features of diverse financial products. This two-hour virtual workshop will dive into the most prevalent money laundering and terrorist financing typologies that criminals exploit in product features, service channels and institutional gaps.
Participants will gain an understanding of how vulnerabilities arise as well as of concrete monitoring techniques and recommendations to fortify their institution’s risk mitigation strategies.

In this instructor-led live virtual workshop (delivered via Zoom), the trainer will discuss:

• Vulnerabilities in Financial Products: Risk-prone features in products such as credit cards, demat accounts, trusts, money exchanges, insurance, real estate, and online gaming platforms.
• AML Typologies and Red Flags: Detailed analysis of common typologies, including money mules, structuring, shell companies, and trade-based money laundering, with specific indicators to watch for in each product category.
• Roles in Risk Mitigation: Guidance on how front-line and compliance staff can enhance due diligence, transaction monitoring, and reporting to detect and prevent illicit activities.
• Case Studies: Recent cases where financial products were misused, highlighting patterns and lessons learned.