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What Risks Do You Want To Take with AML? [Complete] Event Code: 170123LU
Date 23-Jan-2017
Time 12:15 p.m. - 1:30 p.m.
Venue HKSFA Office, 14/F, BOC Group Life Assurance Tower, 136 Des Voeux Road Central, Hong Kong
Speaker(s) Mr. Gavin Shiu
Senior Assistant Director of Public Prosecutions
Department of Justice
Hong Kong Special Administrative Region
Fee HKSFA Member(s) at HK$150.0/person
CFA Candidate(s) at HK$230.0/person
Guest(s) and Non-member(s) at HK$300.0/person
This seminar is qualified for 1 CPT hour(s), 1 CE hour(s), 1 RBV CPD hour(s)
Remarks - CFA Candidate(s) for Year 2016/17 only. 
Sandwiches and drinks will be provided. 
- Only Visa and Master Card are accepted for online payment.


Event Details
In the upcoming talk, Mr. Gavin Shiu, Senior Assistant Director of Public Prosecutions of Department of Justice, will address the core anti-money laundering (AML) issues relevant to the financial industry:
 
Why is AML something for investment professionals?
Why should you care about AML?
What is the main money laundering offence?
What are the risks? (Patterns of money laundering, PEPs and HKMA thematic reviews)
What can you do to avoid or mitigate the risks?
Why should you be concerned wtih suspicious transactions and JFIU?

About the Speaker

Mr. Gavin Shiu
Senior Assistant Director of Public Prosecutions

Department of Justice
Hong Kong Special Administrative Region 

  • A professional advocate with over twenty years’ experience.  Litigating and appearing in court in several jurisdictions with particular focus on commercial crime and corruption.  Seasoned prosecutor having experience of serious transnational crime. In depth work interaction with government departments and regulatory bodies Hong Kong Police; Independant Commission Against Corruption; Customs and Excise; Financial Services and Treasury Bureau; Securities and Futures Commission; Hong Kong Monetary Authority and the Office of the Insurance Commissioner.  Advising on the evidence needed and investigatory approaches for complicated and involved frauds and money laundering cases.
  • He was the legal evaluator representing Hong Kong for the joint mutual evaluation of South Korea in 2009 conducted by the Financial Action Task Force (FATF) and the Asia Pacific Group (APG); and the lead prosecutor to meet the evaluators in Hong Kong's own mutual evaluation conducted by the same organisations in 2008. These evaluations were to assess the respective jurisdictions' compliance with the then 40 plus 9 Recommendations of FATF in respect of AML and CFT and provide comprehensive reports on same by the evaluation team.
  • Main prosecutor answering enquiries from the FATF and APG evaluation team concerning Hong Kong’s own anti money laundering evaluation in 2008 and 2009. 
  • Former head of the HKSAR's Justice Department’s asset recovery unit responsible for confiscations and restraints of criminal assets and so closely associated with anti-money laundering advice and policy.  In 3 years increased the productivity and effectiveness of this unit as can be statistically shown.  Tripled the number of restraints, more than doubled the number of confiscations and tripled the amounts actually recovered.
  • Author on AML law and commercial crime law in Hong Kong. 

Rating - General
(Material presented will be basic and of interest to a general audience having no background in the area.)