Fintelekt Advisory Services

Fintelekt Advisory Services

By Fintelekt Advisory Services
Fintelekt Advisory Services is a specialist in research, training and advisory on Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) in Asia. Watch these podcasts which include conversations on AML/CFT related topics with various industry experts.
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Fridays with Fintelekt featuring Sandeep Mehra

Fintelekt Advisory Services

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Fridays with Fintelekt featuring Duncan Jepson
This episode features a 45 minute conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services, and Duncan Jepson, Founder & Managing Director , Liberty Shared where the following points were discussed- The extent of modern slavery globally, and geo-political issues that have influenced trends over the last decade, The expansion of modern slavery from being a human rights issue to also being a financial crime issue – the causes, milestones and resultant knowledge for the banking community, Advice to banks and regulators doing enough to better identify and report suspicious transactions related to modern slavery, The relation of proceeds of modern slavery to other predicate crimes and indirect impact on national security, Steps to be taken by banks to implement the correct red flag indicators and conduct optimum customer due diligence to identify possible offences in their customers’ supply chain of operations.
45:06
June 19, 2020
Fridays with Fintelekt featuring Sandeep Mehra
This episode features a 20 minute conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services, and Sandeep Mehra, Chief Executive Officer, Academy of Fraud Investigations where the following points were discussed- Areas of banking business that are most prone to financial fraud, Reasons for frauds coming to the fore at very late stages when it becomes a major scam, Fraud prevention techniques and pre-requisites for a good investigation team, Building a good working partnership between business, control and investigation teams in the bank, Role of a trained investigation team in assisting with recovering assets, especially in cases of civil recovery.
20:27
June 13, 2020
Fridays with Fintelekt featuring Sydney Asubo
This episode features a 60 minute conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services, and Sydney Asubo, Executive Director, Financial Intelligence Authority, Uganda at which the following points were discussed- Overview of the FIA, the challenges it faced since it was formed, and how it galvanized the financial sector and other reporting entities / accountable persons together to ensure adequate reporting of suspicious transactions, Key findings of the NRA, its recommendations, and the subsequent progress in the country in terms of policy implementation, Changes in levels of predicate offences over the last few years, both domestic and trans-national, Trends and expectations in quality and quantity of reporting suspicious transactions reports and Is the FATF process for mutual evaluation and ranking of countries democratic, especially since many countries would have fewer resources and therefore should there be different methodologies for countries with differing challenges, so that they are not unfairly positioned on the global financial stage
57:35
June 5, 2020
Fridays with Fintelekt featuring Liat Shetret - CryptoCurrencies, Blockchain & AML/CFT
This episode features a 30-minute conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services, and Liat Shetret, Senior Adviser - Crypto Policy and Regulation, Elliptic, at which the following points are discussed: Trends on cryptocurrencies being used to launder money and subsequent risks and challenges for banks in raising suspicious transaction alerts, The role of blockchain technology to counter specific AML/CFT risks, Intermingling of illicit funds between fiat currency and crypto currency, Regulatory stand across jurisdictions on dealing with cryptocurrencies, Preparing law enforcement agencies, tax authorities and the judiciary to better understand cases involving cryptocurrencies
27:55
May 29, 2020
Fridays with Fintelekt featuring Jonathan Rogerson - AML/CFT Compliance in Digital Banks
This episode features a 45-minute conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services, and Jonathan Rogerson, Head of Business, Strategy & Direction, APAC South, Accuity, at which the following points are discussed: Business drivers for the emergence of digital banks across the region Impact on digital banking because of COVID-19 Specific AML risks that are emerging as a result of the shift to digital banking, especially due to the face-to-face customer contact model Considerations for digital banks while performing screening, especially as transactions are real time Keeping the balance between compliance and competitiveness Aspects that are likely to attract greater monitoring or scrutiny going forward due to evolving regulations
47:23
May 26, 2020
Fridays with Fintelekt featuring Dev Odedra - Media Portrayals of AML
This edition of ‘Fridays with Fintelekt’ features a 30-minute conversation between Arpita Bedekar, Director - Strategy & Planning, Fintelekt Advisory Services, and Dev Odedra, AML Expert (Director), Minerva Strategem Consulting, at which the following points are discussed: Why is media portrayal about AML so sparing, despite the wide-ranging impact of money laundering or terrorism on the general public? How important would it be to improve the media portrayal of AML especially for the purposes of widening the reporting net and extending it to DNFBPs? How can different stakeholders - banks, financial institutions, regulators, law enforcement agencies, other gatekeepers - leverage the media to increase public awareness? How would better championing of the role of the AML compliance officer help?
26:50
May 15, 2020
Fridays with Fintelekt featuring Hala Bou Alwan
This edition of ‘Fridays with Fintelekt’ features a 30-minute conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services, and Hala Bou Alwan, Founder and CEO, HBA Consultancy at which the following is discussed: Concerns in the banking industry, especially in the Middle East, with respect to compliance communication Ensuring proper due diligence when onboarding new customers Impact of changing customer behaviour and transactions patterns  due to the pandemic, and the subsequent identification of suspicious transactions Recommendations on how banks should protect their systems and customers from emerging cyber risks Monitoring trade/service based money laundering transactions more effectively to identify suspicious activity Effect of the pandemic situation on banks'  AML governance and business conduct
33:24
May 8, 2020
Fridays with Fintelekt featuring Youngbee Dale
This podcast features a 30-minute conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services, and Youngbee Dale, Anti-Trafficking Consultant and CEO of Dale Consulting, at which the following points are discussed: Issues that governments and policy makers are faced with when dealing with human trafficking High level statistics outlining the extent of trafficking globally Is the current pandemic creating situations where trafficking victims are at higher risk now? Role of bankers and regulators in combating human trafficking Effective solutions from an awareness and implementation point of view About Youngbee Dale Youngbee Dale is a subject matter expert on trafficking-related matters. She is a published author who has worked with various  government authorities, nonprofits and law enforcement officers, including FBI Agents and state police departments. With her expertise, she provides policy consulting services and training to her clients and partners around the US and globally. She is also a Peer Reviewer at the US Department of Justice in the Office of Justice Programs, and has in the past been a Non Profit Liaison Partner with the FBI.
23:33
May 1, 2020
Fridays with Fintelekt featuring Md Abdullah Al Mamun and Chowdhury MAQ Sarwar
This edition of ‘Fridays with Fintelekt’ features a 30-minute conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services; Md. Abdullah Al Mamun, SEVP and CAMLO, Dutch Bangla Bank and General Secretary, AACOBB; and Chowdhury MAQ Sarwar, Ex-DMD, Eastern Bank and Ex-Chairman, AACOBB, Bangladesh at which the following issues are discussed: Practical difficulties being faced in AML compliance operations, transaction monitoring and reporting Likelihood of increased regulatory risk due to challenges/possible backlogs in monitoring and meeting reporting timelines Approach by the regulator in reporting timelines Preparedness of banks to detect and monitor the perceived increased levels of fraud Impact on support from third party screening / technology suppliers Pressure on compliance as the economic condition remains depressed and senior management approach Advice to FCC / AML / CFT teams in banks in Bangladesh during these difficult times
27:28
April 25, 2020
Fridays with Fintelekt featuring Tom Keatinge
AML/CFT: Risk-based Response, Combating Terror Financing and Corruption This edition of ‘Fridays with Fintelekt’ features a 30-minute conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services, and Tom Keatinge, Director, Centre for Financial Crime and Security Studies, Royal United Services Institute at which the following issues are discussed: Understanding changes in the business models of terrorist organisations and organised crime groups due to the pandemic, with increased criminal activity around digital platforms and cyber space; Recommendation to regulators and banking sector to better understand, identify and mitigate this risk practically and effectively and lessons to be learnt for the future; and Key findings from recently published RUSI papers on advancing a risk-based response to terrorist financing and the intersection of corruption, terrorism and terrorist financing, to not only raise awareness around these issues but to actually address them.
28:56
April 20, 2020
Fintelekt Podcast - Archana Kotecha - Liberty Shared
In this Podcast hosted by Shirish Pathak, Managing Director, Fintelekt Advisory Services, he talks to Archana Kotecha, Director and Head of Legal, Liberty Shared about some of the latest typologies associated with human trafficking. Archana shares her views on the imperatives for financial institutions as well as the need for proactive ways to share information and address the issue of modern day slavery and exploitation, which has become one of the fastest growing forms of crime globally. For more information about Fintelekt Advisory Services, please visit www.fintelekt.com.
21:08
December 13, 2019
Fintelekt Podcast - Russell Wilson - Ex AUSTRAC
In this Podcast with Shirish Pathak, Managing Director, Fintelekt Advisory Services, Russell Wilson, ex-General Counsel, AUSTRAC shares his observation on the evolution of AML/CFT policies in Australia in the last few decades and his experience on the challenges faced while drafting AML/CFT policies for AUSTRAC. He also discusses how financial institutions can upgrade the quality of their STRs and reinforce AML governance. For more information about Fintelekt Advisory Services, please visit www.fintelekt.com.
13:22
October 9, 2019
Fintelekt Podcast – Prashant Muddu – Jocata Financial Advisory and Technology Services
In this podcast, Shirish Pathak , Managing Director, Fintelekt Advisory Services, is in conversation with Prashant Muddu, Chief Executive Officer and Managing Director, Jocata Financial Advisory and Technology Services about factors that make the AML programmes of specific banks more robust than that of others, and about the critical success factors and prerequisites for financial institutions to successfully apply machine learning and artificial intelligence to their AML monitoring programmes. He also shares his experiences working with global banks on reducing false positive alerts and optimising their AML systems. For more information about Fintelekt Advisory Services, please visit www.fintelekt.com.
13:25
October 9, 2019
Fintelekt Podcast – Nicholas Turner – Clifford Chance
In this podcast, Shirish Pathak, Managing Director, Fintelekt Advisory Services, converses with Nicholas Turner, Registered Foreign Lawyer, Clifford Chance Hong Kong about the ever changing economic sanctions environment and trends in sanctions enforcement and compliance. Nicholas urges financial institutions to follow a risk-based approach to sanctions screening and discusses the role of newer technologies in reducing the problem of false positive alerts. For more information about Fintelekt Advisory Services, please visit www.fintelekt.com.
15:41
October 9, 2019
Fintelekt Podcast – Eden Dema
In this Podcast with Shirish Pathak, Managing Director, Fintelekt Advisory Services, Eden Dema, ex-Deputy Governor of the Royal Monetary Authority of Bhutan shares her experiences and challenges with setting up the FIU in Bhutan and the critical success factors for FIU effectiveness. She explains how financial inclusion and financial integrity are mutually reinforcing goals. She also talks about the need for continuously improving the quality of STRs. For more information about Fintelekt Advisory Services, please visit www.fintelekt.com.
27:20
October 9, 2019
Fintelekt Podcast – Hennie Verbeek-Kusters – Chair, Egmont Group & Head FIU - The Netherlands
In this Podcast with Shirish Pathak, Managing Director, Fintelekt Advisory Services, Hennie Verbeek-Kusters, Chair of the Egmont Group and Head FIU - The Netherlands gives us an insight about several initiatives taken by the FIU Netherlands, including the theme-based approach to investigation and knowledge joint ventures with educational institutions. She shares her views on issues such as new technology developments and the importance of public-private partnerships in the fight against money laundering. For more information about Fintelekt Advisory Services, please visit www.fintelekt.com.
22:47
October 9, 2019
Fintelekt Podcast - Chrisol Correia - Global Head of KYC, Quantexa
In this Podcast with Shirish Pathak, Managing Director, Fintelekt Advisory Services, Chrisol Correia, Global Head of KYC, Quantexa, UK expounds on regulatory compliance trends and the factors motivating financial institutions to adopt greater automation and better technology for KYC and AML monitoring. He also talks about the need to move towards dynamic KYC, the transformative potential of artificial intelligence and regulatory expectations around the use of regtech and innovation. For more information about Fintelekt Advisory Services, please visit www.fintelekt.com.
26:17
October 9, 2019
Fintelekt Podcast - Anthony Quinn - Arctic Intelligence
In this Podcast with Shirish Pathak, Managing Director, Fintelekt Advisory Services, Anthony Quinn, CEO & Founder, Arctic Intelligence gives the listeners an understanding about the risk based approach adopted by the regulators over the last decade. He talks about how several organizations are conducting risk assessments superficially, without comprehensively understanding the threats and vulnerabilities that they are exposed to. He also discusses the critical success factors for a comprehensive risk assessment. For more information about Fintelekt Advisory Services, please visit www.fintelekt.com.
18:02
October 9, 2019
Fintelekt Podcast - Martin Nordh
In this Podcast with Shirish Pathak, Managing Director, Fintelekt Advisory Services, Martin Nordh, CEO, Acuminor, sheds light on the significant changes with regard to the awareness of effective financial crime risk assessments. He recommends the compliance officers and senior management to spend more time into making/updating a good financial crime risk assessment as there is a strong business case in doing so. He also talks about the risks banks face from virtual currencies and measures to mitigate the same. For more information about Fintelekt Advisory Services, please visit www.fintelekt.com.
15:21
October 9, 2019