Ms. Hue Dang (Head of Asia, ACAMS) gave an overview of recent AML issues globally and outlined key points including:
Ms. Hue Dang, CAMS
Head of Asia, ACAMS
Mr. Masahiko Hibino, CAMS
Head of Japan, ACAMS
Globally, 2013 was a particularly challenging year for AML professionals in both the private and public sectors. With several regulatory & enforcement actions, increased regulatory criticisms and financial criminals continuing to test all AML processes and systems, the common goal is to stay on top of all relevant trends, guidance and illicit schemes.
Japan saw the enactment of a new comprehensive AML Law this year, with further initiatives and engagements between regulators and industry working group taking place to further enhance its effectiveness.
Ms. Hue Dang will give an overview of recent AML issues globally and outline key points including: