Behind the Mask: the Changing Face of Fraud and Money Laundering in Asia 2022 | Regulation Asia | 29 March 2022 | Webinar

Fuelled by opportunity as experts in evasion, and driven by the necessity to transform profits from illegal activities, the stakes in the fight against money laundering has never been higher for financial institutions.

Synthetic identities, account takeovers and mule accounts have become all-too-common techniques for bad actors to exploit the financial system and other emerging digital channels for accessing services. These stealth opponents and their ever-evolving typologies have been increasingly difficult to detect with traditional fraud and money laundering prevention tools.

In this webinar, our panel of experts will explore the impact of fraud on Asia's financial institutions; its growing importance as a national security priority for most countries; and how network analytics, entity resolution techniques, and continual screening can be used to assess beneficiary risk and identify bad actors for authorities to pursue.

Our panel will also discuss how new information sharing platforms – such as those being developed in Singapore and Japan – present a fundamentally different pathway for responding to fraud and money laundering, and how they will be used to detect and prevent illicit flows in the financial system at a wider scale.

KEY THEMES:
• The fraud epidemic: An outlook based on recent trends, typologies and enforcement actions
• New challenges, new tools: A look at how quality data and analytics techniques are being used to detect true risk among networks, beneficiaries and customer groups
• Proactive prevention: Using known threats and anomaly detection to unmask synthetic identities and mule accounts
• Network disruption: Exploring how new information sharing platforms will function and help detect and disrupt networks of mule accounts/shell companies

2022 Speakers

Brad Maclean
Co-founder & Moderator, Regulation Asia

Jamil Ahmed
Chief Compliance Officer, HSBC Singapore

Glenn Fratangelo
Global Head of Strategy, Enterprise Fraud Management, NICE Actimize

Victor Apps
Regional Fraud Risk Lead, Asia, Standard Chartered Bank

Matthew Field
APAC Market Lead, Anti Money Laundering, NICE Actimize