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2021 Annual Trade Finance Compliance Conference | APAC Online | 17-18 November | 7 CPDs

2021 Annual Trade Finance Compliance Conference | APAC Online | 17-18 November | 7 CPDs

  • $ 249.00
  • Save $ 100.00


2021 Annual Trade Finance Compliance Conference | APAC Online | 7 CPDs
17-18 November 2021

We invite you to join us for the 2021 Annual Trade Finance Compliance Conference - Asia Pacific to be held online on November 17-18 from 09:00-13:00 SGT both days. 

Hear from global experts on a range of topics including:

• Changing Regulatory Expectations
• Global news stories and trends in trade finance compliance
• The Biden Administration: 100+ day report card
 KYC Reliance: SWIFT KYC Registry Update
• Trade Fraud in 2021: hindsight is 20/20
• Global Standards and Guidance - Latest from FATF, Wolfsberg Group, ICC
• Using AI, ship registry data, and GPS
• When is a red flag NOT a red flag?
• Source of Wealth, Source of Funds
• Money Laundering from Illicit trade in wildlife - FATF
• Tales from the Trenches
Additional Resources
The Complete Guide to Trade Based Financial Crime Compliance (softbound + ebook)
Certificate in Trade Finance Compliance (CTFC)

Event will be held on Zoom. Please ensure you can use this software. For inquiries contact info@iiblp.org.
Speakers

Speakers will be announced closer to the event 

Day 1: Nov 17th 

Wednesday, November 17 - Day 1 (all times SGT/HKT)

09:00 - 09:10 │ Welcome & Introduction to Day 1

 

09:10 – 09:50 | The Professor James E. Byrne Memorial Keynote Address:


09:50 – 10:40 | Top News and Trends in Trade and TBFC
• Overview of the top news stories, trends and developments
• Source-of-Wealth, Source-of-Funds
• Brexit - Free trade zones - what to expect from OFSI enforcement in 2021
• Money Laundering from Illicit trade in wildlife – FATF
• 11 Banks fined in UAE
• TBML by means of SBLCs (or guarantees)
• Open account, Supply Chain Financing and Greensill collapse
• Updates re FATF, Wolfsberg, EBA, ICC
• Wolfsberg Questionnaire


10:40 – 10:50 | Virtual Coffee Break


10:50 – 11:30 | Shipping Panel
• Risks to and duties of various parties to a shipping transaction (vessel owner, charterer, technical manager, bunker provider, port operator, etc...)
• AIS issues
• What do OFAC, OFSI, and other regulators expect from the various parties to a shipping transaction
• Vessel Registration – searching for ownership too costly?
• Risks to lenders and others that finance the vessel’s cargo, and other operations
• Monetary Authority of Singapore - B/L Registry and transparency


11:30 – 12:10 | KYC Panel
• Is due diligence for your customers enough?
• Whose customer is it?
• Understanding what you should know about your customers and their related companies
• What do the Wolfsberg principles say about this?
• KYCC – limitations of cross border privacy laws
• SWIFT – KYC Registry
• Legal Entity Identifier
• Does KYC = Coverage? FI Home office v. branches

 

12:10 – 12:20 | Virtual Coffee Break


12:20 – 13:00 | Tales from the Trenches

 


     

    Day 2: Nov 8th

    Thursday, November 18th - Day 2 (all times SGT/HKT)

    08:30 – 09:00 | Online Check-In


    09:00 – 09:05 | Welcome and Introduction to Day 2


    09:05 – 09:45 | Trade-based Money Laundering
    • Price checking and over/under invoicing
    • Open account trades
    • Complicated STR/SAR filings drive TBML
    • Time for STR/SAR reporting standards?


    09:45 – 10:25 | Trade Sanctions
    • The Biden Administration: 100+ day report card
    • Russia | Iran | North Korea | Argentina
    • EU / US
    • Myanmar: real time dealings with business co-owned by a sanctioned military
    • OFAC enforcement trends for 2021 and beyond
    • China’s new Export Control Law and competing dual use goods lists


    10:25 – 10:35 | Virtual Coffee Break


    10:35 – 11:15 | Technology and Trade Based Financial Crime 
    • Using AI, ship registry data, and GPS
    • Fintech/Regtech solutions and Cost-Benefit Analysis
    • Big bank v. small bank resourcing
    • Virtual Training for bank’s AML and trade staff
    • Use of technology and waiver of liability: Who takes responsibility? No one . . .


    11:15 – 11:45 | Containerization and False Red Flags 
    • B/L and actual shipment do not match
    • Is it an OFAC violation?
    • When is a red flag not a red flag?
    • Do we need vessel and container tracking?
    • Trans-shipment and fraud

    11:45 – 11:55 | Virtual Coffee Break


    11:55 – 12:30 | Trade Fraud in 2021: hindsight is 20/20
    • COVID vaccine and PPE fraud
    • Manage and mitigate fraud exposure
    • Asia commodities fraud?
    • Solo Industries: lessons forgotten
    • Commodities financing - the recent bankruptcies

     

    12:30 – 12:50 | Wrap UP and Q&A Panel
    • The Intersection of Technology, Experience, and Advice into a Compliance
    • Framework you can use
    • Key takeaways from the conference
    • Certificate in Trade Finance Compliance (CTFC)
    • Q&A – Conference Committee


    12:50 – 13:00 | Closing Remarks and Prize Draw

     

    Sponsors

    Co-Organizers:

          


    Sponsors:

     


    Sponsorship Opportunities

    Please email Michael Byrne at mbyrne@iiblp.org for more details on how to sponsor this amazing event.