Preparing Your Organisation for Increased Financial Crime Compliance Management

Cost of Compliance Webinar Series - Episode 1

Synopsis

As regulatory pressure on the financial sectors in Asia Pacific and the Middle East ramps up, regulators are flexing their enforcement muscle by adopting zero tolerance to breaches and misconduct.

Fines for noncompliance have also been piling high. In the last 12 months alone, penalties issued in Southeast Asia and Hong Kong for anti-money laundering (AML) breaches exceeded $8 million. In Australia, AUSTRAC issued over $1 billion in fines to just one bank for AML failings in recent years.

In episode 1 of our Cost of Compliance webinar series, in partnership with Napier, hear from subject matter experts as they discuss the impact of regulatory developments on financial crime.

Areas of discussion:

Regulatory pressures: Hear what the implications of these increasing requirements are and how compliance teams might keep up.
Digitalisation and compliance: How to be innovative amid the growing development of digital financial services which present vulnerabilities for both customers and the organisation.
Emerging financial crime typologies: 2022 will be a landmark year for regulatory frameworks around financial crime, particularly around emerging technologies and typologies such as crypto assets.
Exposed AML gaps: Regulators continue to introduce additional rules and guidelines around AML to bridge exposure gaps, but how do these additional demands affect banks and FinTechs?

Register for our webinar to gain expert insights and learn the best practices to stay ahead of the compliance curve.

In partnership with Napier

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