Anti-Money Laundering and Combating the Financing of Terrorism
Agenda

Welcome and Opening Remarks [PDF 70KB | 3 pages]
Raymond Renfro,
Director, Capacity Building and Training, ADBI

Session 1: Role of Financial Sector Supervisors in AML/CFT

Speaker: Kiyotaka Sasaki, IMF

• Paper: Role of Financial Sector Supervisors in AML/CFT [PDF 232KB | 17 pages]

Junji Nakagawa, University of Tokyo

• Paper: Global Efforts for AML/CFT: International Norms and Standards [PDF 142KB | 25 pages]

Facilitator: Thatha Hla, ADB

• Risks of money laundering and financing of terrorism to financial sector
• International efforts for AML/CFT
• Developing and Issuance of rules and guidelines
• Supervisory oversight for AML/CFT compliance by financial sector
• Cooperation with Financial Intelligence Unit and law enforcement agencies, as well as supervisors in foreign countries

Session 2: Supervisory Rules and Guidelines for AML Compliance by Financial Institutions

• Paper: Supervisory Rules and Guidelines for AML/CFT Compliance [PDF 392KB | 36 pages]

Speaker: Kiyotaka Sasaki, IMF

Facilitator: Thatha Hla, ADB

• Requirements and provisions to be included in rules and guidelines
  • customer due diligence
  • record keeping
  • suspicious transaction reporting
  • other internal controls for AML/CFT
• Role of private sector and industry association in the development of the rules and guidelines

Short Country Presentations on Supervisory Experiences on AML Compliance:

• Indonesia [PDF 257KB | 8 pages]
• Macao Special Administrative Region, PRC [PDF 329KB | 12 pages]
• Malaysia [PDF 492KB | 29 pages]
• Philippines
  • Securities Exchange Commission Presentation [PDF 114KB | 9 pages]
  • Central Bank's presentation [PDF 171KB | 22 pages]
• Socialist Republic of Viet Nam [PDF 264KB | 16 pages]

Facilitator: Newin Sinsiri, ADBI

Session 3: Supervisory oversight for AML/CFT: Off-site Monitoring

Speaker: Malkit G Singh, Director, Monetary Authority of Singapore (MAS)

• Presentation: Supervisory Oversight for Anti-Money Laundering / Combating Financing of Terrorism : Off-site Monitoring [PDF 176KB | 40 pages]

Facilitator: Kiyotaka Sasaki, IMF

Topics:

• Review of policy, procedure, and manuals of AML/CFT internal control at financial institutions
• Regular meetings with management
• Meetings with and review of compliance officers
• Meetings with and review of internal audit function
• Assessment of risk-profile of financial institutions

Session 4: Supervisory oversight for AML/CFT: On-site Inspection

Speaker: Judy Lau, Financial Supervision and Regulation Expert, Pacific Financial Technical Assistance Center (PFTAC)

• Presentation: Supervisory Oversight for Anti-Money Laundering / Combating Financing of Terrorism : Off-site Monitoring [PDF 465KB | 35 pages]

Facilitator: Kiyotaka Sasaki, IMF

Topics:

• Risk-based approach of on-site inspections for AML/CFT compliance
• Review of effectiveness of implementation of AML/CFT internal control framework
• Developing on-site inspection procedures for AML/CFT compliance
• Training of on-site inspectors

Session 6: Supervisory Action Against Non-compliance

Speaker: John Broome, Consultant, ADB

• Presentation: Supervisory Action Against Non-compliance [PDF 93KB | 31 pages]

Facilitator: Malkit Singh, MAS

Topics:

• Informal actions
• Formal actions
• Actions by law enforcement authorities

Session 7: Collaboration between Financial Sector Supervisors and other agencies of AML/CFT (Financial Intelligence Units and Law Enforcement Authorities)

Speaker: Kiyotaka Sasaki, IMF

• Presentation: Collaboration between Financial Sector Supervisors and other agencies of AML/CFT [PDF 176KB | 15 pages]

Facilitator: Motoo Noguchi, Professor, United Nations Asia and Far East Institute for the Prevention of Crime and Treatment of Offenders

Topics:

• Role of FIU and its relation with financial sector
• Collaboration between financial sector supervisors and law enforcement agencies
• Share of information/resources

Session 8: Financial Supervisory Role in Building Awareness of AML/CFT in the Financial Sector and Partnership with Financial Institutions

Speaker: John Broome, Consultant, ADB
Facilitator: Judy Lau, PFTAC

• Presentation: Collaboration between Financial Sector Supervisors and other agencies of AML/CFT [PDF 73KB | 16 pages]

Topics:

• Participation of financial institutions/industry associations in the process of making regulations and guidelines
• Training
• Dissemination of information to private sector

Session 9: Internal and External Auditors Role in AML/CFT Compliance

Speaker: Mr. Haruhiko Saito, Executive Director, Regulatory and Risk Management Advisory, KFi K.K., Japan

• Presentation [PDF 380KB | 40 pages]

Mr. Peter Lukas, Partner, KPMG, Japan

• Presentation [PDF 231KB | 55 pages]

Facilitator: Kiyotaka Sasaki, IMF

Topics:

• Role of internal- and external-audit function for AML/CFT control
• Approach of internal- and external-audit function for AML/CFT control
• Relations between internal- and external-audit functions and financial sector supervisors

Session 10: Financial Institutions' Compliance Officers' Role in Internal Control for AML/CFT Compliance

Speaker: Richard A. Small, Managing Director, Global Anti-Money Laundering, CitiGroup

• Financial Institutions' Compliance Officers' Role in Internal Control for AML/CFT Compliance [PDF 651KB | 58 pages]

• Designation of Compliance Officer
• Financial Institutions' AML/CFT policies, procedures, and controls, in particular,
  • customer due diligence
  • record keeping
  • monitoring of accounts and transactions
  • suspicious transaction reporting
  • wire transfers
  • asset freezing of terrorists
• Compliance Officer's coordination and monitoring of compliance
• Conduction of anti-money laundering training

Session 11: Role and Operation of Financial Sector Supervisor for AML/CFT in Japan

Speaker: Shoichi Kawahara, Deputy Director, Japan Financial Intelligence Office
Facilitators: Motoo Noguchi, Professor, United Nations Asia and Far East Institute for the Prevention of Crime and Treatment of Offenders

• Presentation: Role and Operation of Financial Sector Supervisor for AML/CFT in Japan [PDF 197KB | 25 pages]

• Organization Structure
• Off-site and on-site inspections and suspicious transactions reporting system
• Coordination with law enforcement authorities

Session 12: Alternative Remittance systems and AML/CFT

Speaker: Motoo Noguchi, Professor, United Nations Asia and Far East Institute for the Prevention of Crime and Treatment of Offenders
Facilitator: John Forbes, ADB

• Presentation: Alternative Remittance systems and AML/CFT [PDF 37KB | 5 pages]

Topics:

• Alternative remittance systems and AML/CFT
• Regulations
• Enhancing the use of formal financial sectors