AFC in Practice: Reducing the Noise from AML Screening

Caryn is the Regional Anti-Money Laundering (AML) Director – APAC for ACAMS, where she is the lead English speaking SME practitioner on AML and Financial Crime Compliance across the APAC region. Working closely with APAC and international colleagues, Caryn plays a key role in shaping ACAMS priorities, offerings, and activities across the APAC region.

Caryn brings to ACAMS a diverse global banking experience in large financial institutions such as Standard Chartered, Clearstream Banking, JP Morgan and UBS AG, to name a few.  She has worked in global, regional and country teams and have led global implementation of processes across teams in multiple jurisdictions. Before joining ACAMS, Caryn was the Head of Financial Crime Compliance Controls, Surveillance Excellence with Standard Chartered Bank, where she was responsible for the end-to-end process, governance, and risk management of the group wide alert disposition process. Caryn’s expertise covers Client Due Diligence, financial crime compliance business advisory, project management, governance, risk management, and the overarching financial crime compliance framework.

Mr. Jain is the Head of Financial Crime Compliance (FCC) Innovation and Controls Strategy at Standard Chartered Bank and is responsible for helping to design the target state for FCC Controls and ensuring synchronization across the various areas. He also supports the bank to stay at the forefront of FCC risk management and look ahead into the future to see what may impact the FCC space and how we can leverage new technologies.

Mr. Jain was previously responsible for Strategy and Transformation under Global Financial Crime Compliance at Bank of America based in Charlotte, NC USA. His early career was with ABN AMRO Bank inAML compliance and with Detica Norkom in product management and consulting.

Julia Chin is the Chief Regulatory Affairs Officer at XCube.

Prior to this, she headed the Compliance team at Hugosave, Singapore’s first Wealthcare® and savings app.

A seasoned finance industry professional, Julia has over 25 years of experience in policy implementation with a focus on client due diligence and operational risk management. She is a subject matter expert on Correspondent Banking, Securities Services, and Fintech – in the areas of Financial Crime and Regulatory Compliance.

At XCube, Julia oversees the organisation’s legal and ethical integrity by ensuring compliance with the regulations of the industry and internal policies through enhancing governance processes and building a compliance culture.

Having worked in consultancy, global banking, and regulatory entities such as Standard Chartered Bank, HSBC, Deutsche Bank, KLOFFE and KPMG, Julia has considerable experience in implementation and design standards of control frameworks in Asia and Middle East.

She is a member of the APAC GCFFC Secretariat.

Julia is passionate about promoting financial inclusion and giving back to the community through mentoring. She is a registered volunteer with Bankers without Borders, an initiative by Grameen Foundation that aims to equip the less fortunate in developing nations with tools to alleviate problems of poverty.

Dan Ting Lip heads the APAC AML Financial Crime Analytics and Data Science (FCADS) function in Citi. In this capacity he leads a regional team of 30 statisticians and data engineers executing the end-to-end design and maintenance of the AML transaction monitoring rules and models globally and in line with policies and regulatory guidance.

His responsibilities include formulating standards, procedures, and execution strategy to develop AML tools (e.g., segmentations, scenarios, risk scoring models, etc.). He assures that the solutions are appropriate for the intended purpose, are mathematically and statistically sound, and are periodically reviewed and challenged.