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NEWS    |    ACTIVITIES
2017-10-17
Latest development of the AML/CFT laws and regulations in HK, and its impact to accounting ­­­­profession.

The seminar is full. Thank you for your support.


Event Details:

Speakers :

Mr Hong Hui WONG,

Executive Director, Financial Services Advisory, Ernst & Young Advisory Services Limited

Mr Ernest YIU,

Executive Director, Financial Services Advisory, Ernst & Young Advisory Services Limited

Mr Vincent TANG,

Director, Financial Services Advisory, Ernst & Young Advisory Services Limited

Date : 17 October 2017 (Tuesday)

Time : 7:00pm - 10:00pm (Registration starts at 6:30pm)

Venue : Meeting Room N101, Level 1, Hong Kong Convention and Exhibition Centre, 1 Expo Drive, Wanchai, Hong Kong (Please click here to see the floor plan)

Language : Cantonese (no simultaneous translation)

CPD Credit : 3 hours

Fee : HK$200-

About the Seminar:

As global regulators continue to tighten the Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) requirements, Financial Institutions (“FIs”) are required to maintain robust controls and so do Designated Non-Financial Businesses and Professions (“DNFBP”), such as accountants, lawyers, real estate agents and trust and company service providers. The Financial Action Task Force ("FATF"), an intergovernmental organization, recommends certain AML/CFT requirements that should be carried out by DNFBP since they might also be inappropriately used for money laundering by criminals.

What are the upcoming regulatory expectations and proposed changes on AML/CFT? How would the regulatory changes affect accountants? How should accountants prepare to cope with the regulatory expectations? This seminar is aiming to provide you an insight of the expected AML/CFT requirements and share the controls considered to be carried out by DNFBP, and how it will affect the daily operations of the accounting firms.

About the Speakers:

Mr Hong Hui WONG,

Executive Director, Financial Services Advisory, Ernst & Young Advisory Services Limited

Hong Hui is an Executive Director in EY’s Financial Services Risk Management Advisory practice. He was formerly an Associate Managing Director and APAC Deputy Head of Financial Crime Compliance (FCC) of a U.S. based consulting firm, which served as the U.S. court-appointed independent compliance monitor of a global financial institution. He started the HK office and led a team of FCC advisory professionals in Hong Kong (HK) focusing on AML and Sanctions Compliance monitoring program. Prior to that, Hong Hui was the APAC Regional Economic Sanctions Compliance Lead of a global investment bank, where he oversaw economic sanctions compliance for twelve offices in the Asia Pacific region. Before that, he was also an Executive Director of the Business Intelligence Group at another global investment bank. In this role, he advised senior management, bankers, and compliance officers on matters relating to sanctions, anti-money laundering, anti-bribery, and other financial crimes or reputational risk related matters. Hong Hui is a Chartered Accountant and received his double major degree in Accounting, Banking and Finance from Monash University.

Mr Ernest YIU,

Executive Director, Financial Services Advisory, Ernst & Young Advisory Services Limited

Ernest is an Executive Director in EY’s Financial Services Risk Management Advisory practice. He has over 20 years of experiences in the financial services industry. Prior to joining EY, Ernest worked at one of the leading consulting firms providing advisory services on regulatory compliance to financial institutions. He has also led various projects with a lot of international and Chinese banks by focusing on AML program enhancement, suitability, sales practices, pre-regulatory inspection preparation works and independent regulatory assessments driven by regulators. Ernest holds a master degree in professional accounting and a bachelor degree in business administration from the University of Texas at Austin, U.S.A.

Mr Vincent TANG,

Director, Financial Services Advisory, Ernst & Young Advisory Services Limited

Vincent is a Director in EY’s Financial Services Risk Management Advisory practice. He has more than 14 years of experience in the financial services industry and is focused on providing advisory services in areas such as Financial Crime Compliance, Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS).

He is a leading member in the HK Financial Crime Compliance Advisory Service and led a series of thematic AML reviews which were supervised by one of the regulators in HK. He is also the HK CRS Advisory lead and has led CRS development projects for a number of financial institutions. Apart from having extensive experiences in Anti-Money Laundering and Counter Terrorism Financing (AML/CFT) and FATCA, Vincent has also held senior consulting roles in various types of projects, including but not limited to firm wide businesses and processes review and risk assessment, internal control and internal audit review. Prior to joining EY, he was the Asia deputy AML/CFT and the Asia Sanction program lead for a global financial institution.


CPD Hours:

Completed CPD hours will be granted to attendees who have attended a full session of seminar. For those who have not attended full session, the number of CPD hours will be discounted accordingly. For the exact recognition of the CPD hours, please check with the respective Institute or Association.

Bad Weather Arrangement:

This event may be cancelled or re-scheduled when typhoon no.8 or black rainstorm warning is hoisted. Please refer to our website www.ADF.hk for the arrangement.

Organizer:

Accounting Development Foundation Limited (ADF)

Supporting Organizations:

Association of Chartered Certified Accountants

Hong Kong Business Accountants Association

The Association of International Certified Professional Accountants

The Society of Chinese Accountants and Auditors


CPD Requirements: Our seminars can fulfil CPD requirements. As professional bodies would not formally endorse the seminars we provide, it does not mean that the events we organize do not meet the CPD purpose. Registrants should note that you are responsible for determining whether our seminars or any event satisfy your CPD requirements i.e. that the training you receive are of appropriate standard and relevance to your maintaining and enhancing the technical knowledge and professional expertise. If necessary, please check with your respective professional body before registering our seminars. ADF does not warrant that the attendance of our seminars or events would automatically be recognized by the respective professional bodies as fulfilling your CPD requirements.


Enrolment

- This seminar will be opened for enrolment on 4 October 2017 at 11:00am. The "Login to Enrol" button is NOT available before 4 October at 11:00am.

- Only ADF Friends and online enrolment will be accepted. Please make sure that you have registered as an ADF Friend and have your ADF Friend account activated before enrolment.

- You may also click here to read the enrolment procedures.

- Acceptance will be on a first-come-first-served basis.

Our server may experience high volume of traffic and cannot process your registration immediately. We are sorry for any inconvenience caused and your kind understanding is highly appreciated.

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