e-KYC Regulatory Framework

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e-KYC Regulatory Framework


29 Jun 2021 @ 2:00 pm (+8 GMT)
e-KYC Regulatory Framework

The digitalisation of identification and verification processes plays an important role in strengthening financial inclusion and offering customer convenience, and entails providing end-to-end financial solutions via online and mobile channels through the adoption of financial technology.

However, a poorly managed digitalisation process may pose high risks to financial institutions and undermine the integrity of financial transactions. With the roll out of the electronic Know-Your-Customer (e-KYC) Policy by Bank Negara Malaysia on 30 June 2020, financial institutions (FIs) are required to emplace controls that deliver uncompromised accuracy in customer identification and verification, and offer a system that is adequately robust to address ongoing vulnerabilities before launching their e-KYC platforms.

“e-KYC Regulatory Framework”

In this webinar, gain a better understanding of the current e-KYC regulatory framework for FIs in Malaysia and the key challenges in its implementation. Explore best practices to mitigate and manage money laundering/terrorism financing risks emerging from e-KYC and enable the safe and secure application of e-KYC technology in the financial sector.

An access link will be provided before the webinar. To register, please see below:

Please register by 28 June 2021, 12 pm. For further enquiries, kindly send us an email at [email protected]

Speakers' Profiles

Rosalind web profile 500
Rosalind Lazar, CAMS

Regional AML Director – APAC

Association of Certified Anti-Money Laundering Specialists (ACAMS), Singapore

Speaker
Rosalind web profile 500
Rosalind Lazar, CAMS

Regional AML Director – APAC

Association of Certified Anti-Money Laundering Specialists (ACAMS), Singapore

A former Deputy Public Prosecutor with the Commercial Affairs Department (CAD), Ministry of Finance, Singapore, and Litigation Partner with Drew & Napier, Rosalind Lazar joined the Financial Sector in 2005. She started with Citi Private Bank (CPB) as a member of the Global AML Team, and was responsible for the review and development of globally consistent CPB AML policies. Her role subsequently became regional to include oversight of the AML controls for Consumer and Corporate Banking. Her responsibilities included Regional APAC AML policy development, governance / reporting and training.

In 2010, Rosalind joined Citi’s Internal Audit. As part of the CPB-Asia team in November 2010, she has audited various controls and processes of private banking, as well as the trust and brokerage business, with special focus on AML/CTF controls. She returned to her former AML role when she joined Standard Chartered in November 2013 as Country Head of Financial Crimes Risk for Singapore, where she remained until 2018, and shortly thereafter joined Julius Baer Singapore as AML & KYC Head.

She is one of the Founding Members of the ACAMS Singapore Chapter Board in 2012 and held the position of Board member for four years. Rosalind holds a Masters in Law from Columbia School of Law, New York, and has been CAMS-certified since 2009, and a CAMS-certified instructor since 2018. She is a frequent speaker at ACAMS events since 2010. She is also the key contributor to the ACAMS Singapore AML Regime Exam. Rosalind joined ACAMS as Regional AML Director – APAC on 12 October 2020.

Mabel Ha web profile 500
Mabel Ha

Senior Advisor AML/KYC APAC

Bank Julius Baer, Singapore

Speaker
Mabel Ha web profile 500
Mabel Ha

Senior Advisor AML/KYC APAC

Bank Julius Baer, Singapore

Mabel Ha is Senior Advisor AML/KYC APAC in Bank Julius Baer. For a decade from 2010 to 2020 she headed the APAC financial crime compliance teams in Deutsche Bank and UBS, covering up to 17 locations across all business lines. Prior to that, she had been appointed to increasingly senior Compliance positions in Hong Kong and Singapore in Goldman Sachs, Morgan Stanley, and previous roles in UBS.

Mabel is a qualified lawyer in Singapore, England & Wales. She graduated from the National University of Singapore Law School and earned a Master of Business Administration degree from Erasmus University in the Netherlands. She applied her legal qualifications as a Deputy Public Prosecutor and State Counsel attached to the Commercial Affairs Department in Singapore. She was conferred the IBF Distinguished Fellow award in 2020 by IBF, which is a prestigious title conferred upon industry captains and leaders who are the epitome of professional stature, integrity, and achievement.

Gina web profile l
Gina Poh

AML & Compliance Director

Formerly Citi and Credit Suisse, Singapore

Speaker
Gina web profile l
Gina Poh

AML & Compliance Director

Formerly Citi and Credit Suisse, Singapore

Gina is a Compliance and Anti Money Laundering professional with 20 years of consumer and private banking experiences. As such, she has played an active role in developing Industry Standards and Training, including participating in the issuance of the 'AML/CFT Industry Partnership - Best Practice on Legal Persons' as well as the 'Code of Practice for Singapore Digital Asset Industry' by ACCESS.

She is currently a Senior Advisor in the industry. She has held several positions including Compliance Assurance Director in Citibank, as well as APAC FCC Execution Head, Surveillance Head and Singapore Money Laundering Reporting Officer in Credit Suisse. In her regional roles, her coverage spanned up to 17 locations across consumer and private banking, including the full range of AML and Compliance topics.

Ian Lee web profile 500 l
Ian Lee Wei Xiung

Financial Development and Innovation Department

Bank Negara Malaysia

Speaker
Ian Lee web profile 500 l
Ian Lee Wei Xiung

Financial Development and Innovation Department

Bank Negara Malaysia

Ian Lee Wei Xiung began his career at Bank Negara Malaysia in 2011 in the Financial Sector Development Department. In his career with the Bank, he was involved in multiple functions, including international and regional cooperation, financial markets, financial development and innovation.

Ian is currently a Manager in BNM’s Digital Finance Unit, in charge of facilitating wider digitalisation efforts within the Malaysian financial sector. He was a core member in formulating the Policy Document on Electronic-Know-Your Customer, enabling end-to-end digitalisation of on-boarding processes in the Malaysian financial sector.

Radish web profile 500
Radish Singh

Partner – Forensic; Financial Crime Compliance Leader – SEA

Deloitte Financial Advisory Services, Singapore

Moderator
Radish web profile 500
Radish Singh

Partner – Forensic; Financial Crime Compliance Leader – SEA

Deloitte Financial Advisory Services, Singapore

Radish has over 20 years of experience in the field of financial services regulations, compliance, anti-bribery and corruption, conduct of business and financial crime compliance (FCC) (anti money laundering (AML)/Sanctions/counter financing of terrorists (CFT)). She currently leads Deloitte’s Southeast Asia FCC practice. Her clientele incudes major global and local banks in Singapore.

Broadly, her experience includes regulatory compliance, FCC and Know Your Customer (KYC) requirements, enterprise wide AML/CFT risk assessments, globally benchmarked business conduct policy formulation, legislative drafting, conducting country-level Financial Action Task Force assessments as a regulator, implementing anti-bribery and corruption policies, advising on data protection matters, working on policy for exchange demutualisation and self-funding model for a regulatory agency, stock exchange supervision and securities laws.

She has, in her previous, role led an engagement with the Association of Banks in Singapore to revise and modernise their AML guidelines for the banking industry in Singapore. She has advised the Institute of Banking and Finance Singapore on revising their compliance and AML industry standards modules.

As a subject matter expert in the field, Radish has been leading numerous projects on FCC, including AML gap assessments, KYC reviews and remediation, sanctions, risk assessments, anti-bribery and corruption investigations, fraud risk assessment, conduct risk, trade-based money laundering (TBML) compliance and transactions monitoring optimisation/model validation/assessment.