Roundtable on Anti Money Laundering Laws and Regulations 2007
On 1st January 2007 China's new Anti-Money Laundering law came into effect. This requires financial institutions to establish Internal 'Know Your Customer' systems and monitor for and report on large and suspicious transactions. This will be followed by the Administrative Measures on Reporting Large-Scale Transactions and Suspicious Transactions by financial institutions issued by the People's Bank of China, effective 1st March 2007, which provides definitions on what constitutes large and suspicious transactions that should be reported, and the timing thereof. As with any new legislation, those affected with trying to ensure compliance are trying to understand the specifics of the legislation and face implementation challenges.
The European Chamber's Banking and Legal Working Groups has jointly organised a panel of speakers from Eversheds LLP, Pricewaterhouse Coopers and Standard Chartered Bank to provide an overview of money laundering practices, the requirements of the new law and to facilitate a consultative discussion about how foreign invested financial institutions can move to ensure compliance with the new Chinese legislation. We are delighted to welcome the following panel of speakers for the discussion: Mr. Jean Roux, Partner Forensic Services at Pricewaterhouse Coopers, Mr. Carl Hinze, Associate with Eversheds LLB and Ms. Koh Soo Lee, PRC Head of Compliance at Standard Chartered Bank
Agenda
08:00 Registration and Breakfast
08:30 Welcome from Chairman of Banking and Legal Working Groups
08:35 Presentations
Mr. Jean Roux, Partner Forensic Services, Pricewaterhouse Coopers
Mr. Carl Hinze, Associate, Eversheds LLP
Ms. Koh Soo-Lee, PRC Head of Compliance, Standard Chartered Bank
09:20 Discussion
Registration
To register for this event, please email this form to Mr. David Bourson at dbourson@euccc.com.cn by Monday, 22nd January 2007.
Confirmations and cancellations by phone are not accepted. Please note that we require 48 hours notice for cancellations. No-shows who fail to cancel before this time will be invoiced for the event. Registrations done after the deadline will be accepted only if space permits and are charged an additional 50 RMB walk-in fee.
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