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Hong Kong's Anti-Money Laundering (AML) laws have extended the customer due diligence (CDD) recordkeeping requirements to three types of professions in specific kinds of roles, including solicitors and accountants, real estate agents, and trust or company services providers. Such development does not only raise the awareness of these professions on the issue of how to comply, but also entice notices on financial related business activities such as debt recovery. Does your organization have the right strategies and policies to ensure full compliance of AML so as to avoid prospective violations? In this seminar, our speakers will share:

• What is expected by the law - the 7 action checks (Policies, Staff Training, Risk Assessment, CDD Measures, Record Keeping, Ongoing Monitoring, and Suspicious Transactions Reporting)?
• What is Money Laundering?
• How is CDD vs Know Your Customer ("KYC")?
• How to execute CDD?
• Do we need to pay attention to Sanctions?
• Are we doing good enough to comply?
• Case study - Debt recovery situation representing a fraudulent transaction

Speaker(s) Alexander Lo, CEO, FaBuTX Ltd
Alexander has over 30 years of experience in business information management, compliance, credit management and information technology. He has held leadership positions in the world's leading business information providers, including Managing Director of Thomson Reuters Asia, and General Manager of Dun & Bradstreet (D&B), Hong Kong and Taiwan. Alexander is a frequent speaker in media, academic institutions, and industry seminars & conferences across Greater China, focusing on compliance & credit management.

Norris Chan, Consultant, Receivable Management Services (HK) Ltd
Norris Chan has over 30 years of hands-on experience in the debt collection industry. As a veteran debt receivable practitioner, Norris and his team manage a portfolio exceeding billions of US dollars. He is a popular speaker and has conducted over 800 seminars in Greater China.
Language Cantonese
Date and Time 2019/03/08 15:00 to 17:30
Venue Chamber Theatre, 22/F United Centre
Media Closed to media
Enquiries Cathy Chan
Tel: 28231282
Email: cathy@chamber.org.hk
Fee Members @ HK$380 / Non-Members @ HK$770
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled within 7 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.