Agenda
Monday 7th December
08.00 symposium Registration
09.00 WELCOME & KEYNOTE ADDRESSES
10.30 ANTI-CORRUPTION INITIATIVES – pROGRESS AND PITFALLS
Session taken by Dato’ Abu Kassim bin Mohamed, Deputy Chief Commissioner, Malaysia Anti-Corruption Commission
11.15 Fraud & Corruption Control – Does one size fit all?
Background
- How has the global economic climate affected fraud risk?
- The fraud risk factors + the impact of fraud
- Corporate governance obligations relating to fraud and corruption
- Prevention v cure?
Fraud & Corruption Control Framework
- Elements of a fraud and corruption control framework
- Fraud risk assessment
- Strategy documents (policy & procedures)
- Whistleblowing
- Data Analysis
- Targeted and ongoing auditing
- Considerations when dealing with incidents of fraud and corruption
- Maintenance of the fraud & corruption control framework
Session takeN by David Lehmann, Director, Deloitte Forensic & Dispute Services, Malaysia.
12.30 lunch
13.30 INVESTIGATOR'S REPORT - CATASTROPHIC BANKING AND INVESTMENT FRAUD Case studies:
- The Ponzi schemes of Bernard Madoff and why clever and incisive people are still blinded by “The Emperor’s New Clothes” syndrome and adhere to the herd instinct
- Satyam - How and why were the many warning indicators common to all these cases missed or ignored?
- What are the strategic, tactical and practical lessons to be learned by regulators, the banks and investment houses?
Session taken by Ed Wilding, Chief Technical Officer, IFCCT
15.00 AFTERNOON TEA
15.15 TRANSNATIONAL ORGANISED CRIME & TERRORISM FINANCING
- The importance of money in terrorism
- Where and how are organizations being targeted in the region?
- Issues and challenges in countering the financing of terrorism
- Identifying the nature and scale of terrorist financing
- Analyzing trends in terrorism financing and effective detention methods
- Assessing typical structures of terrorist financing networks
- Case studies on the importance of financial investigations
Session taken by Diane Russel Ong Junio, International Centre for Political Violence and Terrorism Research, Singapore
Tuesday 8th December
SECURITY, E-CRIME, AND THE ROLE OF TECHNOLOGY IN FINANCIAL CRIME PREVENTION
08.30 INFORMATION SECURITY & INFORMATION TECHNOLOGY
- How, why and where are you at risk after restructuring and redundancies?
- Employee termination procedures
- Electronic disclosure, information and security access
- Maintaining control of security codes and passwords
- Tracking data sharing
- What are the latest internal and external methods used to extract corporate information and what prevention measures and checks are needed?
- How to ensure passwords only give access to coordinating your investigative efforts to best effect
- Operational and data security
- Minimising the “human error” factor through clear, thorough and visible corporate policy and training
Session taken by Ed Wilding Chief Technical Officer IFCCT
10.00 MORNING COFFEE
10.15 SPECIALIST REVIEW OF THE LATEST COMPUTER THREATS
- Computer fraud
- System sabotage, extortion, e-crime and misuse
- New technologies – How they offer greater security at the same time as greater risk
- E-Banking review
- M-Banking review
11.30 MULTI-JURISDICTIONAL INVESTIGATIONS
- C3 – Command, Control & Communications
- Coordinating your investigative efforts to best effect
- Intelligence database
- Electronic disclosure
- Overcoming jurisdictional obstacles
- What resources do you need?
- Forensic, Investigative, Legal, Technical & Accounting
- Chain of command - How do you control this internationally?
- Covert investigations
12.45 LUNCH
14.00 WORKSHOP – CONTROLLING THE ELECTRONIC CRIME SCENE
- How to handle, collate, store and present admissible
evidence - Presenting technical evidence in a courtroom, inquiry
or at a tribunal - Overview of tools & techniques
- Forensic data recovery
- Data investigation methods
- Electronic evidence presentation
- Electronic evidence
- The latest techniques
15.30 AFTERNOON TEA
15.45 Digital Forensics World - Malaysia Perspective
- The IT World and Cybercrimes
- Digital Forensics, Definitions and Terminologies
- Methodology and Challenges
- Research and Design
- Cyberlaws
- Lawful Interception
Session taken by Aswami Fadillah Bin Hj. Mohd Ariffin, Head Digital Forensics Department
SUMMARY AND CLOSE
Wednesday 9th December
08.30 COMBATTING SOPHISTICATED MONEY LAUNDERING TECHNIQUES + UNDERSTANDING MONEY LAUNDERING TYPOLOGIES
- Trade-based finance
- Real estate
- Charities
- VAT carousel fraud
- Cyber laundering
- Money laundering using remote banking channels
- Challenges of dealing with ML in cash-based economies
- International legislation vs. Domestic culture
Session taken by Adrian Bond, Director, Bond Associates
09.30 MORNING COFFEE
09.45 WORKSHOP – AML DATA ANALYSIS AND COOPERATION WITH ENFORCEMENT AGENCIES
- Asset recovery issues
- Production of falsified documentation
- Compromising between real and ideal
- What are the practicalities behind providing proof of historical transactions?
- Older account misuse - where can money laundering be uncovered when payments are regular and don't arouse suspicion?
Session taken by Adrian Bond, Director, Bond Associates
11.15 coffee break
11.30 Money laundering mitigation throughout the region
A look at the different Risk Profiles
North Asia
South Asia
South East Asia
Latest Trends and Developments in the Region
New Products/Services and Risk of Money Laundering/Terrorists
Financing
Electronic/On-line Banking and Knowing Your Client
Gatekeepers against the Proceeds of Corruption - Determining
your client's Source of Wealth
New players and funds - Casinos
Challenges of Managing AML Risk in Asia Pacific
Standardization vs. Customized Risk Approach - One size fits all?
Risk-based Approach - How do we design one?
Increasing cost of Regulatory Risk Compliance - Too much CDD
information and too many false positives in automated AML monitoring?
AML Skills and Resources - Are we investing enough?
Session taken by David Hsu, Regional Head of AML for APAC, Citigroup, Hong Kong
12.45 LUNCH
13.30 PARTICIPANTS WILL NOW BE ASKED TO CHOOSE TWO SPECIFIC WORKSHOPS OF THEIR CHOICE ON THE FOLLOWING SUBJECTS:
1) Practical issues working in AML Compliance
- Filing of STRs - quality vs quantity
- Identification of Political Exposed Persons
- Updating of customer information
- Identification of ultimate beneficial owners
2) Intelligence is not evidence
- How to ensure admissible evidence and successful prosecutions through thorough evidence preparation
3) Investigation principles and planning – Intelligence is not evidence
- How to ensure successful prosecutions through effective evidence preparation
- How to implement a fraud risk management programme
