COMPLIANCE: ANTI-MONEY LAUNDERING, TERRORIST FINANCING & SANCTION

January 27, 2019

OVERVIEW

What is compliance? For years compliance involved determining whether documents presented under a letter of credit matched its terms and conditions. But why has trade based compliance become so important?

In the world of LCs, documents are examined on their face without regard to the underlying transaction or the realities that they represent. Whereas, in the world of regulatory compliance, the underlying substance is what matters: What are the goods? Are there any? Are they properly priced? Who is the recipient? The difference mechanism between these systems are the flaws.

Some activities involve the movement of funds, some of it through international trade, have indicated trade based financial crime by the world’s regulators.

Trade-Based financial crime compliance, perhaps to a greater degree than any other aspect of trade finance, is an ever-evolving field. National governments are constantly issuing new regulations and laws; ones that at times sharply contrast with the regulations and laws of other nations. Intergovernmental and nongovernmental organisations have been prodigious at releasing standards and guidance, designed to educate financial institutions and governments on the best practices to guard against financial crime. Technology has advanced rapidly in recent years, leading to increased and new difficulties in combatting financial crime while simultaneously offering new innovative solutions to assist financial institutions remain compliant.

Trade-Based financial crime compliance is an enormous and important field. It imposes great demands on financial institutions and regulators because the stakes involved are so high: stopping the laundering of funds that can be used to facilitate criminal activity; combatting the financing of terrorism; preventing the violation of sanctions that are designed to maintain national and global security. This event will assist you in your efforts to achieve these goals and will be a tremendous resource for the industry in the years to come.

However, despite the abundance of resources available to financial institutions, there is perhaps no greater resource than the knowledge and experience of those immersed in the field. One of the goals of this event is to bring together leaders in the field of trade based financial crime compliance and to offer an avenue where questions can be asked and ideas can be shared.

Proposal of the Event:

AGENDA 26 Feb 2019

WHO SHOULD ATTEND
– Bankers in international trade departments
– Bankers in trade product developments
– Bank’s prime customers
– Exporter & Importer
– IT and System Managers
– Lawyers
Enthusiast who are eager to take advantage of distributed ledger technology in compliance and compliance system technology

AGENDA

09.00 – 09.20  Registration 
  Welcome and Keynote
09.20 – 09.30 Welcoming Speech by Herry Hykmanto, Chairman of Banking Commission, ICC
Indonesia
Morning Session

09.30 – 09.55 Heni Nugraheni, Head of the OJK’s Anti-Money Laundering and Terrorism
Financing Prevention (APU-PPT) Division, Financial Services Authority (OJK)
“Implementation of the Compliance in the Banking Industry: Regulator/OJK Perspective”
– OJK Regulation Regarding the AML
– The Importance of APU-PPT Regulation for Indonesia
09.55 – 10.20
Fithriadi Muslim, Legal & Law Director of PPATK
“The Importance of Suspicious Transaction Reporting in the Banking Industry”
– What is the Suspicious Financial Reporting
– Why Financial Industry Must Report Suspicious Transaction
– Mechanism of Reporting Suspicious Transaction
10.20 – 10.45

Rita Mirasari, Director of Legal & Compliance, PT Bank Danamon Indonesia, Tbk
“Comply with Compliance Policy: How Bank Deal with Compliance Regulation on Their Daily Activity”
    – What kind of approach that Banking need to Comply the rules?
    – People Expertise Requirement
    – Tools & System
    – Policy & Procedure

10.45 – 11.10

ICC Indonesia Technical Adviser on Compliance

11.10 – 11.35
Erwandi Hendarta, Senior Partner, HHP Law Firm

“Legal Action Process for the Bank that Encounter Compliance Litigation”

11.35 – 12.30

Q & A

12.30 – 13.30

Lunch Break

Afternoon Session
13.30 – 14.00 Robert Kurniawan, Senior Manager Forensic & Integrity Services, Ernst & Young

“Compliance Policy & Standard Procedure : Corporate Needs to Protect Themselves” 

14.00 – 14.30 David Morrish, Relationship Director, The London Institute of Banking & Finance

“Compliance Expertise: How Bank Ensure Their Staff Understand/Expert in the
International Compliance Standard”

14.30 – 15.00

Leonardus Gazali, CEO Ledger Now

“How Can Blockchain Help With Anti-Money Laundering”
– Challenges of Existing AML Solutions
– Blockchain for AML Transaction Monitoring
– Getting started – harnessing the potential of Blockchain for AML transaction
monitoring
– Considerations for Mainstream Deployment of Blockchain-based AML Solution

15.00 – 15.30 Amanta Ong, Country Manager – AML CFT Risk & Compliance and Payments in
Indonesia Vietnam and Cambodia, Accuity
“Compliance Daily Process: How Bank Ensure Their Process using Global Tools”
16.30 – finish Q & A Networking & Closing

REGISTRATION

Please fill registration form through here Reply Slip

Contribution cost:

  • ICC Member: IDR 3.500.000,-
  • Non Member: IDR 4.000.000,-

*Special rate for group registration (Term & Condition Applied | Contact for Detail)
Including: seminar investment, certificate of completion, meeting package (coffee break and  lunch)

No cancellation upon registration

Please complete this Registration Form and return it to ICC Indonesia before 20 February 2019 by email to icc@iccindonesia.org / program@iccindonesia.org / communication@iccindonesia.org (attention: Karisa/ Susan/Santi).

For more information please contact: Tel. +62 21 29667914 / www.iccindonesia.org

Share This
X