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Navigating AML Compliance in Asia

In 2023, global regulators issued over USD 6.6 billion in fines against financial institutions for AML-related violations. 

In this webinar, we reflected on the nature and scale of these penalties, drawing lessons for APAC on AML compliance challenges, focus areas for regulators, and key financial crime risks in the region. 

We also discussed how APAC is preparing for the new round of mutual evaluations, incoming regulatory reforms in the region, and how financial institutions and their operational models may be impacted by these developments. 

The panel touched on know your customer (KYC) trends, cost and human resource pressures, due diligence challenges, and technology initiatives aimed at driving improvements in detection and prevention. 

Speakers: 

  • Manesh Samtani, News Editor, Regulation Asia 

  • Cengiz Kiamil, Managing Director, APAC, Fenergo 

  • Thomas Hill, Head of Financial Crimes Compliance - APAC, BNY Mellon 

  • Jeremy Moller, Senior Advisor - Risk Advisory, Norton Rose Fulbright 

Key themes covered by the panel include: 

  • AML enforcement trends and lessons for APAC 

  • FATF mutual evaluations and incoming regulatory reforms 

  • AML operational models and how these are evolving 

  • Strategies and best practices for managing financial crime risk 

  • Technology trends and initiatives for enhancing detection and prevention 

Watch on-demand now.