Highlights of 2nd Annual ASEAN Regulatory Summit – A New Dawn in AML & KYC
At the 2nd ASEAN Regulatory Summit hosted by Thomson Reuters at Marina Bay Sands, Singapore on 1st September 2016.
CEO of AL Wealth Partners, Anthonia Hui, discussed the importance of compliance and the role it plays in keeping her firm a reputable and trusted brand amongst her clients.
When discussing on Regional Regulatory Updates: Impact of Basel III across different member states of ASEAN and the future of Basel IV in ASEAN – Professor Lutfey Siddiqi mentioned “Basel I, II, III,IV is just like the Rocky 1, 2, 3, 4.”
Professor Lutfey Siddiqi is the Governor London School of Economic and Political Science, Member, Global Agenda Council, World Economic Forum & Adjunct Professor, National University of Singapore.
He added “Bankers should take an oath like how the doctors take an hippocratic oath” when discussing on the topic of Global Financial Regulation in the wake of the GFC & potential impact in the ASEAN region.
Julia Walker, Head of Market Development, Risk APAC in Thomson Reuters made a fitting remark when discussing about – A new dawn in AML & KYC: “Compliance should be an enabler in our banking industry” … … when otherwise compliance had been mostly associated with being a drag on banking activities and unnecessary costs.
By Caproasia Online at The 2nd ASEAN Regulatory Summit – Thomson Reuters
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Updated on 3rd September 2016