Financial institutions across APAC are facing dual pressures: the demand for faster, more seamless client onboarding, and the escalating threat of complex and rapidly evolving financial crime. Traditional, periodic KYC reviews are proving insufficient against adversaries who change tactics monthly, creating compliance gaps and operational inefficiencies.
In response, regulators in key hubs like Hong Kong and Singapore are raising their expectations, driving a fundamental shift in the industry from static due diligence to dynamic, continuous monitoring. The new benchmark is one that involves real-time risk awareness, powered by technology, to combat sophisticated layering schemes and illicit fund flows.
This webinar will bring together industry experts to explore the practicalities of this transformation. The panellists will discuss the strategies and tools firms are using to build a robust, continuous Know Your Business (KYB) framework that satisfies regulators, enhances efficiency, and effectively mitigates emerging risks.
Key Themes:
- Navigating regulatory expectations: How supervisors in Hong Kong, Singapore, and Southeast Asia are driving the shift towards tech-enabled, continuous monitoring
- Transforming onboarding and monitoring: Best practices for moving to a seamless, continuous KYB lifecycle and overcoming the limitations of static, threshold-based rules without compromising on compliance
- Leveraging AI and automation: Practical applications of AI to enhance the accuracy of risk detection, reduce false positives, and ensure robust KYB processes that are sustainable and reduce manual workloads
- Harnessing the power of data sharing: Exploring how regional initiatives like Hong Kong’s CDI and Singapore’s COSMIC can be used to augment internal due diligence, close intelligence gaps, and mitigate financial crime risk
- Looking to the future: The potential role of cross-boundary data initiatives and Corporate Digital Identity in creating a truly seamless, trusted, and cross-border KYC experience.
Claus Christensen
CEO & Co-Founder
Know Your Customer Ltd
Jean Chung
Chief Compliance Officer, Hong Kong & Greater China, North Asia
Standard Chartered Bank Hong Kong
Daniel Lim
Head of Legal and Compliance
HL Bank, Singapore Branch
Nathan Lynch
Chief Correspondent (Financial Crime)
Regulation Asia
Moderator
