Compliance Work is Never Done: Adopting Perpetual/Dynamic KYC

Crispin is an award-winning, Financial Crime Risk & Compliance specialist with extensive experience in regulatory compliance, risk controls, governance and assurance. He is currently a Director in Custos Advisory. 

Crispin’s in-depth remediation experience in resolving deficiencies raised in both OFAC and AUSTRAC enforcements distinguishes him as one of less than a handful of professionals with such experience in Australia. Crispin thrives in times of crisis and adversity. 

In Ria Financial Services, Crispin was recruited to remediate, redesign and rebuild its regional AML/CTF and Sanctions program. Crispin resolved the AUSTRAC enforcement on Ria in 2014. In the same year, Crispin was awarded the HEROES award by Euronet (Ria's parent company). 

Crispin previously worked at AMP, Deutsche Bank, CBA, Deloitte, Ernst & Young and OCBC Bank. At AMP, Crispin assisted in the harmonisation of AMP and AXA’s AML/CTF frameworks for use by its post-merger entity. At Deutsche Bank, Crispin was the Compliance Manager in its Central Compliance team responsible for the bank’s Asia Pacific businesses. His role covered the detection and prevention of potential market abuse, insider trading, securities fraud and market manipulation. 

In 2008, while at Deloitte, Crispin was seconded to ANZ Bank to be part of the bank's AML & Sanctions team in resolving its OFAC sanctions enforcement matter. It concerned trade finance transactions involving parties in Sudan and Cuba - countries subject to US economic sanctions. 

Crispin is a Certified Advanced AML Audit Specialist (CAMS-Audit), Certified Anti-Money Laundering Specialist (CAMS), a Certified Information Systems Security Professional (CISSP) and a Certified Information Systems Auditor (CISA). Crispin co-authored the CAMS study guide and exam questions. He authored the book on the revision to the FATF 40 Recommendations, available on Amazon and teaches International Financial Crime to postgraduate students at the University of Sydney. He regularly presents and publishes his writings through his website, AML Sanctions http://amlsanctions.com. 

Crispin has developed deep relationships with regulators and law enforcement agencies in combating financial crime over several years. He is an expert member of The Global Initiative Against Transnational Organized Crime. At the invitation of the Australian Parliamentary Joint Committee on Law Enforcement, Crispin spoke as an industry witness at the “Inquiry into Financial Related Crime”.

Mike Coates is a Senior Executive and Plenitude’s Asia Practice Lead with over 20 years banking industry experience covering large change programmes and within the last ten years has focused on financial crime programmes helping organisations become compliant via People, process and technology change whilst also driving remediations where there have been gaps and regulatory demands.

Prior to joining the Plenitude team, Mike led a substantial FCC change programme for the commercial bank business in HSBC across 18 countries and ~750k clients in Asia and supported the heads of business both regionally and in the various countries. He worked closely with the risk teams in managing all aspects of the financial crime control framework. In the last 3 years, Mike has undertaken the MLRO role at a local HK based crypto company and also worked with Standard Charter to remediate their Securities Services business based on ISSA standards (International Securities Services Association).

Mike sits on an industry group for crypto (GDF) and also works for “The Mekong Club” which is an NGO focused on human trafficking. His exposure to real life implications of FCC, make Mike passionate about the subject and determined to address any gaps or failings as he has seen the consequences of failure.

Lawrence Yeung has over thirty years of experience working in various sectors of large international banking corporations, including HSBC, the Australian Headquarter of Westpac Banking Corporation, Bank of America and finally China Construction Bank (Asia).  During his career in these corporations, he had managed different departments covering systems solutions, business analytic, operational planning, corporate security, operations risk management as well as anti-money laundering compliance.  He had also assumed different governance roles in China Construction Bank (Asia) including Chairman of Operations Committee, Concurrent Secretary of Anti-money Laundering Compliance Committee, member of the Risk Management Committee and member of Management Committee etc. Lawrence is now the Compliance and Operations Advisor of Earth Channel Limited and an active trainer on respective expertises.  He is also the founding member and the Honorary Treasurer of the RegTech Association Hong Kong, which is an independent, not-for-profit association founded by a community of RegTech startups and partners in 2019.