How to strengthen financial crime controls

Financial crime is evolving fast, becoming more sophisticated, cross-border and digitally enabled.

This episode examines how organisations can move beyond reacting to fraud and take a proactive approach to building controls that anticipate how criminals may attack their systems.

The discussion is particularly relevant as Australia extends AML/CTF obligations to professions including accountants, lawyers, and real estate professionals.

Listeners will gain expert insight on:

Why fraud and AML/CTF should be treated as two sides of the same problem  How to test products and processes from a fraudster's perspective  Why continuous surveillance matters after customer onboarding  How banks, regulators and other industries can share intelligence  What shared responsibility means for professional advisers  How AI is being used to detect financial crime and why AI will also increase the threat  Where firms should start when strengthening AML/CTF controls  Tune in now.

Host: Elinor Kasapidis, chief of policy standards and external affairs, CPA Australia.

Guest: Vincent Mok Yau Yee. He is currently a member of the Malaysian Divisional Council of CPA Australia and the group chief risk officer for GXS Bank based in Singapore.

Learn more about GXS at its website.

CPA Australia also has information on anti-money laundering reforms as well as guidance for practitioners around AML/CTF.

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