Experts to Address Burden of Regulatory Change, Provide Tips for Successful AML Regulatory Compliance, Including “Know Your Customer” and “Know Your Employee” Controls
Wolters Kluwer Financial Services today opens its second annual China Regulatory Update Conference, with key support from First Advantage. The event, which is being held at the Grand Hyatt in Shanghai, will provide a comprehensive summary of regulatory changes and trends taking place in the financial services industry across China and offer expertise on how financial institutions can adapt to the increasing burden of regulatory change.
The annual event brings together regulatory, risk, finance and compliance specialists from across the Asia-Pacific region to look at industry trends and future developments with presentations and interactive sessions. The event provides opportunities for attendees to network and discuss common pain-points and industry issues with peers.
“As we have seen around the globe, the reputational as well as financial costs of regulatory infractions or sanction breaches have severe impacts on banks,” said Michael Thomas, director, North Asia at Wolters Kluwer Financial Services. “The presentations at the conference will address how banks operating in China can maintain the compliance controls critical to their ability to protect their reputation and grow safely.”
“We are excited to work with Wolters Kluwer Financial Services in answering a need to bring together experts to discuss important developments in the industry,” said First Advantage Chief Executive Officer and President Mark Parise. “The conference will help attendees discover core ways to both stay compliant and protect their key assets, while answering compulsory requirements applicable to all foreign banks operating in China.”
As financial markets open up with China’s focus on “comprehensively deepening reform,” there is an ever-greater emphasis on proper oversight to ensure regulatory compliance. Banks operating in China face significant challenges in managing regulatory compliance as they also implement reform and seek to support financial innovation.
- Are You Hiring People You Can Trust?
- Regulatory Landscape in China
- FATCA and Its Localization
- Developments in Anti-Money Laundering in China
Read more about the Wolters Kluwer Financial Services’ China Regulatory Update Conference.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
About First Advantage
First Advantage, a company of strategic private equity firm Symphony Technology Group, provides comprehensive background screening, identity and information solutions that give employers and housing providers access to actionable information that results in faster, more accurate people decisions. With an advanced global technology platform and superior customer service delivered by experts who understand local markets, First Advantage helps customers around the world build fully scalable, configurable screening programs that meet their unique needs. Headquartered in Atlanta, Ga., First Advantage has offices throughout North America, Europe, Asia and the Middle East. More information about First Advantage can be accessed at www.fadv.com.