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Jan 2018
(Wed)
Anti-Money Laundering (AML) Seminar: Retail Payment Systems and Money Laundering
- Subject
- Investment Management
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- Date & time
- 24Jan 2018 (Wed)19:00 - 20:00
- Venue
- Room 204, 2/F, Admiralty Centre, 18 Harcourt Road, Hong Kong (Exit A, Admiralty MTR Station)
- Fee
- Free Admission
Dr. LAM Yat-fai, Principal, Structured Products Analytics, CapitaLogic Limited
Dr. Lam Yat Fai (林日辉) is the Principal, Structured Products Analytics of CapitaLogic Limited and Adjunct Professor of Finance, City University of Hong Kong. He graduated from City University of Hong Kong with a Doctor of Business Administration degree in finance and holds the CFA, CAIA, CAMS, FRM and PRM professional designations. Dr. LAM has worked for bank regulator, sovereign wealth fund and international banks, specializing in the areas of structured products, anti-money laundering and credit risk management.
- Enquiry
- Enquiry: Ms Chu / 2867 8312 (ecaml@hkuspace.hku.hk)
- Remarks
Language: Cantonese
Retail payment system is the fastest growing initiative among the FinTech industries but the regulation on retail payment systems is extremely behind. While the Octopus was launched in 1997, the licensing regime of retail payment systems only became effective in 2016. This led an opportunity for criminals to use retail payment system as an effective money laundering instrument.
Dr. Lam will exhibit the emerging money laundering risks facing the retail payment systems and stress on the high service level and anonymity of contemporary retail payment systems which facilitate retail payment system to become an excellent money laundering vehicle. Dr. Lam will also explain the regulatory AML framework for retail payment systems.
