Date: Wednesday, August 23, 2023
Time: 2:00 pm to 5:00 pm SGT
Location: 80RR Fintech Hub SG

Keep up to date with the latest regulation updates, industry knowledge, and thought leadership on implementations and innovations around Financial Crime Compliance and Fraud.

Event Summary

Synopsis

Singapore is international hub for trade, commerce, and digital services, with vast networks and interconnectivity to the global economy. Bad Elements are exploiting this strong interconnectivity to scam Singapore’s consumers and businesses as evident from the significant rise of reported number of scams and related financial losses. In view of these developments, the authorities in Singapore have toughened laws to combat fraud, financial crime and money laundering. On 9 May 2023, the Singapore Parliament passed amendments to the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992 (CDSA) which will introduce significant new offences of rash and negligent money laundering.

As the amendments to the CDSA are expected to come into force in approximately six months’time, companies should in the interim review their internal compliance policies and processes to ensure that such additional risks are appropriately addressed and mitigated and that their employees are trained to be alert to red flags.

The recent launch of the Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases (COSMIC) platform to share information around trade based money laundering and other AML/CTF offences, is a game changer as regards tackling financial crime compliance risks. However, the recent fines imposed by MAS on banks in Singapore signifies adequate scope for improvement in the control processes Organizations have in place to address these risks.

This event is an exclusive opportunity to hear directly from speakers from LexisNexis® Risk Solutions and subject-matter experts who will share about regulatory updates, the latest innovations financial institutions are implementing, regarding new technologies to combat financial crime compliance and fraud.

Agenda

Time Topic
1:30 pm – 2:00 pm Registration
2:00 pm – 2:05 pm Welcome and Opening
  • Reuben Lim, Chief Operating Officer at Singapore FinTech Association (SFA)
2:05 pm – 2:45 pm Regulatory Keynote: Review the Regulatory Priorities and Expectations for the Singapore
Speaker:
  • Sinyee Koh, Director, Integrity Consulting
2:45 pm – 3:25 pm Reduce risk and financial crime in the customer journey
Speaker:
  • Ramanthan Sivabalan, Director Market Planning, Financial Crime Compliance & Payments– APAC, LexisNexis® Risk Solutions
3:25 pm – 3:45 pm Tea break
3:45 pm – 4:20 pm Leveraging Digital Intelligence in the Fight against Online Fraud
Speaker:
  • Thanh Tai Vo, Director Market Planning, Fraud & identity – APAC, LexisNexis® Risk Solutions
4:20 pm – 5:00 pm Panel Discussion: Balance between regulation and innovation
Moderator:
  • Ramanthan Sivabalan, Director Market Planning, Financial Crime Compliance & Payments– APAC, LexisNexis® Risk Solutions
Panelists:
  • Julia Chin, Head of Compliance at Hugosave SG
  • Tarini Ponniah, Senior Director & APAC Head of Compliance, Instarem
  • Pasi Koistinen, Chief Information Security Officer, COINHAKO
5:00 pm Closing

Speakers:

Reuben Lim

Chief Operating Officer
Singapore FinTech Association (SFA)

Sinyee Koh

Director
Integrity Consulting

Julia Chin

Head of Compliance
Hugosave SG

Ramanthan Sivabalan

Director Market Planning, Financial Crime Compliance & Payments– APAC
LexisNexis® Risk Solutions

Thanh Tai Vo

Director Market Planning, Fraud & identity – APAC
LexisNexis® Risk Solutions

Tarini Ponniah

Senior Director & APAC Head of Compliance
Instarem

Pasi Koistinen

Chief Information Security Officer
COINHAKO

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