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ACAMS Annual Country Conference / Symposium Series- “Enhanced AML and Financial Crime Tools & Techniques”

ACAMS 5th Annual Mumbai Symposium 25 February 2019 | Mumbai, India

Hyatt Regency Mumbai Sahar Airport Road, Ashok Nagar, Andheri East

Mumbai, Maharashtra 400099, India

08:00 – 09:00 Registration and Morning Tea 09:00 – 09:15 Welcome Remarks Hue Dang, CAMS-Audit, Head of Asia, ACAMS 09:15 – 10:30 Regulatory Update: Analyzing Regional AML Trends and New Developments

Reviewing regulatory developments in India, Singapore, Hong Kong, etc. impacting your compliance program

Assessing recent regulatory actions and guidance to establish best practices for meeting evolving regulatory expectations

Examining capability building and AML/CTF competency with training and reinforced with testing

Moderator: Hue Dang, CAMS-Audit, Head of Asia, ACAMS

Speakers:

Farokh Adarian, CAMS-Audit, CAMS-FCI, Principal Officer, ICICI Bank Sanjay Kumar, CAMS, General Manager, Bank of Baroda

Madhu Sinha, CAMS, Director AML Compliance & AMLCO, Citibank India

10:30 – 11:00

SPECIAL PRESENTATION: Lessons Learned from FATF’s 4th Round Mutual Evaluations

Speaker:

Rick McDonell, Executive Director, ACAMS, Former Executive Secretary, Financial Action Task Force (FATF)

11:00 – 11:20

Networking and Refreshment Break

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11:20 – 12:30 Building the Foundations for Private-Public Partnerships to Achieve Efficiencies on Transaction Monitoring

What steps are needed to building Private-Public Partnerships Reviewing recent initiatives in Private-Public Partnerships on fighting financial crime, such as the

Fraud and Money Laundering Intelligence Taskforce Providing illustrations and case study examples of recent PPP successes

Moderator: Suveer Khanna, Partner, Forensic Financial Services, KPMG Speakers: Ravi Lahoti, Principal Officer & Head- AML, HDFC Bank Limited John Mathews, CAMS, EVP & Head - Client Services, Principal Officer - AML, HDFC Asset Management Company Ltd 12:30 – 13:45

Networking Luncheon 13:45 – 15:00 Examining India’s TBML Issues and Aligning Best Practice

Formalizing alert response protocols and utilizing investigative tools including data analytics to assemble documentation relevant to the suspicious activity

Identifying Who, What, When, Where, Why and How of the Typology: Driving consistency and Best Practice through a balanced approach

Analyzing FinTech initiatives to combat Fraud and Trade-Based typologies to overcome TBML challenges

Moderator: Charan Rawat, Head of Compliance, Rabobank India Speakers: Praveen Dayal, Senior Vice President, HSBC Suresha Ramachandra Iyer, CAMS, EVP Enterprise Risk and Analytics, JMR Infotech 15:00 – 15:20 Networking and Refreshment Break

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15:20 – 17:00 INTERACTIVE WORKSHOP: Wrestling with the New Wolfsberg Correspondent Banking Questionnaire and Its Internal Implications

Reviewing the new Wolfsberg Due Diligence Questionnaire and providing practical advice on how to

coordinate the 110 questions internally

Contrasting the simplified CDD process against Enhanced Due Diligence requirements through a

practical exercise

Resolving AML issues and conflicts to ensure mutually beneficial correspondent relationships

Moderator: Dr. William Scott Grob, CAMS, AML Director – APAC, ACAMS Speakers:

Jairam Manglani, Head of FCC, Standard Chartered Bank

Sharad Nair, Vice President and Head – AML, Principal Officer-AML, Axis Bank Kamalesh Rangan, Director & Operations Lead, AML CoE, Ernst & Young LLP

17:00 – 17:10 Closing Remarks Hue Dang, CAMS-Audit, Head of Asia, ACAMS

(Program is subject to change)

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SPEAKER FACULTY (Surname in Alphabetical Order)

Special Presentation

Rick McDonell Executive Director ACAMS Former Executive Secretary Financial Action Task Force (FATF) Mr. McDonell is well known for his previous role as the Financial Action Task Force (FATF) Executive Secretary. The FATF was established in July 1989 by a G-7 summit in Paris, and examines and develops measures to combat money laundering and terrorist financing. Among Mr. McDonell’s many accomplishments at the FATF was the development of a new, standardized country assessment “methodology.” This expanded the focus of assessments beyond the initial implementation of FATF standards to examine their actual effectiveness in terms of supporting a reduction to financial crime levels-a dramatic change, which has enabled the strength of AML regimes to be clearly determined. Under Mr. McDonell’s leadership, the FATF Global Network also expanded to nine FATF-Style Regional Bodies (FSRBs), an important accomplishment for ACAMS as the Association has members in over 160 countries, most of those in one of the nine regions. Mr. McDonell’s many years of direct experience working with the regional bodies has given him a unique global perspective on AML and financial crime challenges facing ACAMS’ members. Mr. McDonell is a lawyer by training and has had extensive experience as a federal prosecutor and in conducting complex investigations including being in charge of many multidisciplinary investigation Task Forces into organized crime cases both nationally and internationally. He also has had experience in private legal practice and as a university lecturer.

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Farokh Adarian, CAMS-Audit, CAMS-FCI Principal Officer ICICI Bank Mr. Adarian has over 27 years’ experience in the Indian banking industry with a broad exposure to retail banking, commercial banking, international trade finance and compliance. He has been with ICICI Bank since 2002. After a long stint on the business side, he embarked on compliance four years back and functions as the Bank’s Principal Officer, heading the AML, CFT and sanctions compliance functions, based at Mumbai. He is responsible for AML/CFT/sanctions compliance policies and procedures, developing various control frameworks to mitigate risks and ensuring Bank’s compliance with regulatory standards. On the professional front, Mr. Adarian is a Certified Advanced AML Audit Specialist (CAMS-AUDIT), Certified Advanced Financial Crime Investigations Specialist (CAMS-FCI), Certified Financial Crime Specialist (CFCS-U.S.), Certified Banking Compliance Professional (India), holds the ICA (U.K.) Professional Post Graduate Diploma in Financial Crime Compliance, and ICA (U.K.) International Diplomas in AML (with Merit) and in Governance, Risk & Compliance (Distinction). He is an MBA in Banking (Distinction) from the University of London and holds the CDCS (U.K.) and CSDG (U.K.) qualifications in international trade. He is an elected Associate of the Indian Institute of Banking & Finance, Associate of the London Institute of Banking & Finance, Chartered Banker (Scotland), and a Certified Fellow of the International Compliance Association (FICA – U.K.) Mr. Adarian is an active member of the AML fraternity and has participated in various industry-level discussions and initiatives on KYC/AML matters. He has authored an ACAMS white paper on ‘Exploring an industry-wide standard to customer risk assessments’ and an industry paper on ‘Journey towards an effective AML/CFT regulation of DNFBPs’. He is a current member of the Indian Banks’ Association (IBA) Working Group on KYC/AML standards and is presently involved with the Group in drafting the revised edition of IBA Guidance notes on KYC/AML for the Indian industry. Mr. Adarian has participated as a speaker in the Financial Intelligence Unit (FIU) - India’s AML/CFT ‘Train-the-Trainer’ program and in RBI’s Centre for Advanced Financial Research and Learning (CAFRAL) training programs. He regularly speaks at various other domestic and international events on AML/countering financial crime. ------------------

Hue Dang, CAMS-Audit Head of Asia ACAMS Ms. Dang is the Head of Asia of ACAMS, having established its regional head office in Hong Kong in 2008. Ms. Dang has more than 25 years’ experience in banking and finance. Prior to ACAMS, she was a Bank Examiner at the Federal

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Reserve Bank of Boston, Manager with Barclays Capital’s Investment Banking Division in Singapore, Director for Business Development at Citibank’s Global Consumer Banking Group in Singapore and Director of Business Development, Asia/Pacific, for Thomson Financial in Hong Kong. Ms. Dang holds educational degrees from the US, with a Bachelor of Arts Degree with honors from Amherst College and a Master in Public Policy from Harvard University, John F. Kennedy School of Government. ------------------

Praveen Dayal Senior Vice President HSBC Currently, working as Money Laundering Reporting Officer & Head-AML with HSBC, India. Mr. Dayal has over 29 years of banking experience spanning across retail, corporate, centralized operations, compliance, and AML fields.

He has been working in the AML field for over a decade, with exposure to all areas of AML; including formulation of AML policies, procedures, and development of control frameworks to contain & mitigate ML/TF risks. He has developed various elements of control framework; viz. risk-based approach, implementation of projects for transaction monitoring, customer screening, operational controls, etc.

He has a wide exposure to and understanding of the international regulations and conventions. He has been actively involved in industry level discussions in India for development of AML/CFT controls. ------------------

Dr. William Scott Grob, CAMS AML Director – APAC ACAMS Dr. Grob has over 25 years of financial and banking expertise. His most recent role was as Regional Head of Affiliates Management, HSBC, where he worked on mitigating financial crime and correspondent banking risks across Asia. His 12-year career at the bank also included managing risk within the Equity/FX prime brokerage business, Structured Funds business, and Hedge Fund units. Dr. Grob earned a Bachelor’s degree from Boston University, a Master of Arts from George Mason University, a certificate from Harvard Business School’s General Management Program, and a Doctorate of Management from SMC University (USA), where his dissertation was focused on correspondent banking- “IMPACT OF CORRESPONDENT BANK ENHANCED DUE DILIGENCE PRACTICES.” Also, he has designations from the Chartered Alternative Investment Analyst (CAIA) Association, and Global Association of Risk Professionals (FRM).

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Suresha Ramachandra Iyer, CAMS

EVP Enterprise Risk and Analytics JMR Infotech Mr. Ramachandra Iyer holds Master’s degree in Statistics from Bangalore University with a First Rank. He is the first Indian to get certified in AML by ACAMS of USA. He was invited to speak at several international forums on compliance. Mr. Ramachandra Iyer has won several awards and accolades in his illustrious corporate career. He is a business leader with 40+ years of experience spread across Banking, Mutual Funds and IT services industry. Mr. Ramachandra Iyer started his career with hands-on retail banking roles at Canara bank and after a fifteen-year stint moved to Canbank Mutual Fund. He handled all aspects of Mutual Funds for nearly ten years before joining i-flex Solutions in Feb’00 (now Oracle Financial Services). In his stint at Oracle, he handled landmark Datawarehouse project for Reserve Bank of India and four complex central bank projects.

Mr. Ramachandra Iyer was involved in delivering strategic consulting and advisory services to Citi, Lloyds, Barclays and was actively involved in the completion of over twenty Risk and compliance projects across the globe. A substantial part of Mr. Ramachandra Iyer’s career has been spent in the technology industry across Datawarehouse, Risk and

Compliance functions, Strategic consulting services and Program management. ------------------

Suveer Khanna Partner, Forensic Financial Services KPMG

Mr. Khanna leads the Forensic Financial Services team for KPMG in India. He has over two decades of experience of working in the UK, Middle-East and Indian sub-continent. He is a regular speaker at various conference on topics related to Financial crime compliance.

Mr. Khanna is an author of India Chapter for LexisNexis’s global guide ‘Money Laundering, Asset forfeiture and recovery and compliance’. He was selected by Texas A&M University School of Law, USA to author the India chapter.

Mr. Khanna also published various articles and thought leaderships in leading journals and authored KPMG’s key publications related to financial crime like “The insider threat – Safeguarding UPSI”, “The Colour of Money – Black & White” and “Framework for Loan Fraud” amongst others.

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Sanjay Kumar, CAMS

General Manager

Bank of Baroda

Having a wide experience of over 35 years working in Bank of Baroda, one of the leading Public Sector Banks in India,

Mr. Kumar, worked in almost all critical areas of Banking – Branch Banking, Credit Administration, International

Operations, HRD & Training, Corporate Planning, Economic Research & Intelligence, and AML & Regulatory

Compliances. He worked as Economist in the Bank’s Economic Intelligence & Research Unit for over three years.

Having a thorough experience in both Branch Operations and Management and Strategic functions at the corporate

level, he, presently, heads the Compliance Function in Bank of Baroda as the Chief Group Compliance Officer. Bank of

Baroda has a large banking network across more than 5,500 branches in India and 22 countries world-wide serving over

82 million global customers.

Mr. Kumar headed the Hong Kong Operations of Bank of Baroda for over two years. With close interaction with the

HKMA, he acquired a comprehensive understanding of the overseas regulators’ perspective.

Mr. Kumar is a Certified Associate of Indian Institute of Bankers. He has been a regular writer in various magazines. He

holds a Bachelor’s degree in Commerce & Accountancy and a Master’s degree in Economics from Lucknow University,

India.

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Ravi Lahoti Principal Officer & Head- AML HDFC Bank Limited Mr. Lahoti is currently the Principal Officer & Head of Anti Money Laundering at HDFC Bank, one of the largest private sector banks in India. He is a Chartered Accountant and a Company Secretary by qualification and had joined the bank as a Management Trainee, post which he has handled various roles in the Internal Audit Department and Compliance Department of the bank in the eastern region, northern region and at the corporate office level at Mumbai. ------------------

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Jairam Manglani Head of FCC Standard Chartered Bank Mr. Manglani currently heads the Financial Crime Compliance function for Standard Chartered Bank in India. Mr. Manglani has previously worked with Bank of America, NA, India as the MLRO (Money Laundering Reporting Officer). In his previous assignments he was the deputy MLRO of Citibank NA, he has worked with ICICI Bank as Chief Manager, AML and also worked in IntegraScreen (World-Check). He specializes in implementation of the KYC/AML programme, transaction monitoring, sanctions screening, training and managing regulatory examinations involving KYC/AML. He holds an accreditation of CAMS, Advanced Diploma of Business Administration in Finance and holds a graduate degree in Commerce from R.A. Podar College of Commerce and Economics, Mumbai University. He started his career as an entrepreneur. ------------------

John Mathews, CAMS EVP & Head - Client Services, Principal Officer - AML HDFC Asset Management Company Ltd Mr. Mathews has been with India’s most respected and premier financial services conglomerate spanning three decades. He started his career with HDFC Ltd, India’s leading mortgage finance company and held various responsibilities covering Deposits, Retail Loans, and Management Services. In 2000, he moved to HDFC Asset Management Company Ltd as part of its start-up team and is a key management employee. He is presently the Investor Relations Officer of the Fund, Principal Officer under PML Act and also the Responsible Officer under FATCA. John has set up the Client Services division and has been responsible for various functions. He is also a member of the National Risk Assessment Committee for the securities market in India, member of the Operations & Risk Committee of the industry trade body – AMFI, its AML committee, and HDFC’s conglomerate AML committee. He was part of the team that conceptualised and shaped India’s first common KYC repository in the Mutual Fund industry. He also serves as a Director on the Board of MF Utilities India Pvt Ltd.

Mr. Mathews holds a Bachelor’s Degree in Commerce, Post-Graduation in Systems Management, ACAMS certified and is an alumnus of Columbia Business School, USA. He is currently pursuing a Doctorate at a leading university in England, UK.

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Sharad Nair

Vice President and Head – AML, Principal Officer-AML

Axis Bank

Mr. Nair is a banker with an experience of 25 years in various aspects of Branch Banking and other areas such as Credit & Forex, Learning and Development. He is currently Principal Officer and Head – AML at Axis Bank Ltd. Also, Mr. Nair has a successful track record of working in Foreign Banks and Private Sector Banks in India and the Middle East.

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Kamalesh Rangan Director & Operations Lead, AML CoE Ernst & Young LLP

Kamalesh Rangan is a Director with Ernst & Young LLP, India leading the AML CoE Operations based out of Hyderabad. He has over 24+ years of experience in Banking & Financial Services industry. Mr. Rangan has held various key positions in managing Global Compliance Operations & Fraud Risk Management. Being a seasoned banker, Mr. Rangan has led many workshops on development of capability framework for banking operations and enterprise risk functions, also he has led many projects towards cost rationalization, transformation, process automation & enhanced customer experience. Prior to EY, Mr. Rangan was associated with ANZ, Standard Chartered, HSBC and TCS. He is a Post Graduate Diploma in Financial Management and a certified Six Sigma Green belt having more than a decade years of experience in fighting financial crime and managing fraud risk across financial sectors. He is currently pursuing a Global Banking program on Fintech, Digital and Analytics with Columbia University, New York.

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Charan Rawat Head of Compliance Rabobank India Mr. Rawat is a seasoned banker with over three decades experience and a well-known figure in Banking Compliance fraternity. He was head of Compliance for Barclays for over 13 years. His last assignment was that of Chief Governance

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Officer for Barclays, a role of Chief Risk Officer. He was instrumental in building up Compliance Team for Barclays spanning Retail & Corporate, Investment Banking, Wealth Management and Institutional Equities verticals. Mr. Rawat is a faculty at CAFRAL Trainings and a qualified lawyer and a member of the Bar Council of Maharashtra & Goa. His specializations cover cross-border businesses, Banking and Capital Markets Regulations, Financial Crime and Conduct Risk.

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Madhu Sinha, CAMS Director AML Compliance & AMLCO Citibank India Ms. Sinha is currently working at Citi Bank India as Director & Head of Anti Money Laundering Compliance. She has 29 years’ experience in Banking/ Finance industry. Prior to joining Citi, she was the Head of Compliance at GE Capital India. Earlier to that, she worked with India’s two leading banks – SBI & ICICI. In her long career, Ms. Sinha has handled diverse facets of banking such as Anti Money Laundering & Regulatory Compliance, Retail banking, banking operations, International Trade Finance, NRI banking & Remittances. She also served a four-year stint in Toronto, Canada as Head of NRI Banking & Remittances at SBI Canada. Ms. Sinha has been in specialized AML roles for the last ten years, and throughout this period she has remained an active member of India’s evolving AML fraternity. She has participated actively in various Industry level initiatives such as – Indian Bankers’ Association (IBA) Guidance notes on KYC/AML (2009) and Transaction Monitoring Scenarios (2011), IBA banker’s delegation during the FATF mutual evaluation of India (2010), and FIU-India’s Guidance notes on Trade-Based Money Laundering (2015). She is currently a part of the IBA working group on KYC/AML and actively participating in industry discussions relating to mandatory linking of Aadhaar with bank accounts. Ms. Sinha is a certified associate of Indian Institute of Banking (CAIIB) and a Certified Anti-Money Laundering Specialist (CAMS).

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