AML CFT Risk Assessment

Expert Speak: Theresa Karunakaran, Ex-Reserve Bank of India

Course Duration: 42 minutes
Course Points: 40

Theresa Karunakaran, Former Director Regulatory Affairs Deutsche Bank AG and Former General Manager – Department of Supervision, Reserve Bank of India talked about Conducting Institutional Risk Assessments in this presentation. She began by emphasizing on the importance of a Sound money laundering/ terrorist financing risk management, and then talked about the must haves for an organization to handle risk.

This presentation was part of the AMLC-Fintelekt AML/CTF Summit Philippines 2020, conducted virtually from November 23rd – 27th, 2020.

Conversations: Edgar Lopez, Gibraltar Financial Intelligence Unit

Course Duration: 28 minutes
Course Points: 25

In this video from the Fridays with Fintelekt series, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with Edgar Lopez, Director – Gibraltar Financial Intelligence Unit (FIU). Edgar shares the notable achievements of Gibraltar FIU and the highlights from the National Risk Assessment (NRA) conducted by Gibraltar in 2020. He talks about difference between running an NRA for a financial centre, like Gibraltar as compared to any other mainstream jurisdiction.

Edgar shares the action plan Gibraltar has designed to tackle the two major risk areas for Gibraltar, improving the understanding of terror financing risk and strengthening the quality of Suspicious Transaction Reports, based on the mutual evaluation conducted by Moneyval. He also talks about the country’s plan to increase international co-operation and expectations from reporting entities.

Webinar: Modern Slavery – Is Your Bank Protected?

Course Duration: 38 minutes
Course Points: 35

This webinar was presented by Fintelekt Advisory Services in partnership with The Mekong Club.

Modern Slavery is an umbrella term encompassing a range of human rights violations, from human trafficking and forced prostitution, to forced labour in supply chains. It impacts virtually every industry in every country in the world, with over 40 million victims across the globe. Increasing legislation holds the private sector responsible for combatting this crime, including financial penalties for non- compliance and confiscation of goods suspected to be tainted by modern slavery within supply chains.

The Mekong Club is an anti-slavery NGO that works positively and collaboratively with the private sector to combat modern slavery across industries. The Mekong Club has long-established working groups spanning the finance, hospitality, retail, and manufacturing sectors which meet on a regular basis. These working groups have highlighted the need for a comprehensive standard to which companies should aspire, to effectively identify and mitigate modern slavery risk in their operations and ultimately eradicate this crime by making it unprofitable for the perpetrators involved.

The Mekong Club has developed the modern slavery baseline assessment process to help companies understand the steps that they should be taking to comply with legislation and demonstrate industry leadership in anti-slavery strategy. It consists of a questionnaire process that is completed confidentially as an internal self-assessment, with guidance and input from Mekong Club. This is aligned with the work of the Asia Pacific Banks Alliance, which seeks to standardise the approach of financial institutions with regards to modern slavery risk across operations. Once completed, the Mekong Club team provides feedback and suggestions for how to improve your anti-slavery strategy over time. During this webinar, the Mekong Club team explains the process and how you can get involved.

The speakers in this webinar were Shirish Pathak, Managing Director, Fintelekt Advisory Services, Matt Friedman, CEO, The Mekong Club and Phoebe Ewen, Programme Director, The Mekong Club.

Fintelekt-ABA Webinar: Conducting Enterprise-Wide AML/CFT Risk Assessment

Course Duration: 1 hour 14 minutes
Course Points: 70

Fintelekt Advisory Services and the Asian Bankers Association hosted a webinar on Conducting Enterprise-Wide AML/CFT Risk Assessment on March 3, 2021.

This course allows Premium users to attempt an assessment and download a Participation Certificate.

The speakers were:

  • Shirish Pathak, Managing Director, Fintelekt Advisory Services (Moderator)
  • Madhu Sinha, Independent AML Compliance Professional and Former Head of AML, Citi Bank India
  • Stephen Cutler, Chief Enterprise Risk and Compliance Officer, Omnipay

Key Issues:

  • The importance of comprehensive and ongoing EWRAs
  • Ensuring comprehensive inclusion of risks
  • Regulatory expectations & international standards
  • EWRA on a budget – managing costs & resources

Webinar: Conducting Enterprise-Wide AML/CFT Risk Assessment

Course Duration: 57 minutes
Course Points: 55

Fintelekt Advisory Services and the Asian Bankers Association hosted a webinar on Conducting Enterprise-Wide AML/CFT Risk Assessment on March 3, 2021.

The speakers were:

  • Shirish Pathak, Managing Director, Fintelekt Advisory Services (Moderator)
  • Madhu Sinha, Independent AML Compliance Professional and Former Head of AML, Citi Bank India
  • Stephen Cutler, Chief Enterprise Risk and Compliance Officer, Omnipay

Key Issues:

  • The importance of comprehensive and ongoing EWRAs
  • Ensuring comprehensive inclusion of risks
  • Regulatory expectations & international standards
  • EWRA on a budget – managing costs & resources

Conversations: George Pearmain, Government of Jersey

Course Duration: 19 minutes
Course Points: 15

In this video from the Fridays with Fintelekt series, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with George Pearmain, Director, Financial Crime Strategy, Government of Jersey on the key highlights, findings and recommendations of the recent National Risk Assessment (NRA) that will be useful in other countries gaining a better understanding of the threats and vulnerabilities facing Jersey; managing the risk of international finance centres (IFC) facing being used either as placement centres or as transit points for large funds related to money laundering or corruption; impact of the NRA on revision or formation of regulations and laws related to financial crime compliance for various sectors and differences in running n NRA for an IFC, as compared to a ‘mainstream’ jurisdiction and critical success factors for a successful NRA.

Expert Speak: Theresa Karunakaran, Ex-Reserve Bank of India

Course Duration: 56 minutes
Course Points: 55

Theresa Karunakaran, Former Director Regulatory Affairs Deutsche Bank AG and Former General Manager – Department of Supervision, Reserve Bank of India speaks about best practices in conducting an Enterprise-Wide AML/CFT Risk Assessment (EWRA) in this presentation from Fintelekt’s South Asia AML/CFT 10th Annual Summit 2020 held virtually from December 7-9, 2020.

Expert Speak: Matt Friedman, The Mekong Club

Course Duration: 30 minutes
Course Points: 25

Matt Friedman, Chief Executive Officer, The Mekong Club speaks about Modern Slavery and the Financial Sector, and more specifically, why it is imperative for banks to undertake a modern slavery risk assessment in this presentation from Fintelekt’s South Asia AML/CFT 10th Annual Summit 2020 held virtually from December 7-9, 2020.

Conversations: Dr Rohan Bedi, Executive Director, Singapore Financial Crime Compliance Association (SFCCA)

Course Duration: 25 minutes
Course Points: 20

In this video from the Fridays with Fintelekt series, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with Dr Rohan Bedi, Executive Director, Singapore Financial Crime Compliance Association (SFCCA) on fintechs and bigtechs, AML compliance in digital banking, new AML/CFT challenges, enhancing enterprise-wide risk assessments, culture and conduct issues.

Conversations: Ravi Lahoti, Chief Audit Executive, Bandhan Bank

Course Duration: 21 minutes
Course Points: 20

In this video from the Fridays with Fintelekt series, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with Ravi Lahoti, Chief Audit Executive, Bandhan Bank on the role of audit in AML/CFT, elements of an effective AMl audit and common misconceptions about AML audits.

Scroll to Top