WHAT's ON THE HORIZON?

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WHAT's ON THE HORIZON?

• Lam Chee Kin

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Preliminary comments

• Focus is not Legal or Compliance risks in the
  broader sense
• Focus on the AML/KYC agenda (with a bit of
  digression into CFT/financial crime more broadly)
• But important to note while the financial crime
  agenda is a fraction of the scope of work, it
  remains a very large fraction

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More enforcement Cybersecurity
Skillset constraints Client risk traditional AML/CFT
Digitisation of financial services China anti-corruption
Organised crime Social engineering and identity
Flowthrough from de-risking Tax evasion
Effect of foreign policy Pace of change
More cross-border balkanisation Vanilla corporate fraud
AEC and trade More regulation
Budget constraints State-sponsored activity
Impossibility _____________________?
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Responses