Moving the Needle: Getting Things Done in ... - RACI Solutions
Moving the needle -Improving outcomes in Anti-Money Laundering › media › eng › doc ›...
Transcript of Moving the needle -Improving outcomes in Anti-Money Laundering › media › eng › doc ›...
![Page 1: Moving the needle -Improving outcomes in Anti-Money Laundering › media › eng › doc › key... · Moving the Needle • Increase our active stimulation so innovation becomes](https://reader036.fdocuments.us/reader036/viewer/2022063002/5f23ae1655332626f715e168/html5/thumbnails/1.jpg)
Moving the Needle:
Improving Outcomes in Anti-Money Laundering
Stewart McGlynn
Division Head, AML & Financial Crime Risk
Hong Kong Monetary Authority
26 September 2019
![Page 2: Moving the needle -Improving outcomes in Anti-Money Laundering › media › eng › doc › key... · Moving the Needle • Increase our active stimulation so innovation becomes](https://reader036.fdocuments.us/reader036/viewer/2022063002/5f23ae1655332626f715e168/html5/thumbnails/2.jpg)
Where should we focus our
efforts?
Post-Mutual Evaluation
![Page 3: Moving the needle -Improving outcomes in Anti-Money Laundering › media › eng › doc › key... · Moving the Needle • Increase our active stimulation so innovation becomes](https://reader036.fdocuments.us/reader036/viewer/2022063002/5f23ae1655332626f715e168/html5/thumbnails/3.jpg)
• Efficiency & effectiveness
• Delivering outcomes that matter
Our Goals
![Page 4: Moving the needle -Improving outcomes in Anti-Money Laundering › media › eng › doc › key... · Moving the Needle • Increase our active stimulation so innovation becomes](https://reader036.fdocuments.us/reader036/viewer/2022063002/5f23ae1655332626f715e168/html5/thumbnails/4.jpg)
Innovation
![Page 5: Moving the needle -Improving outcomes in Anti-Money Laundering › media › eng › doc › key... · Moving the Needle • Increase our active stimulation so innovation becomes](https://reader036.fdocuments.us/reader036/viewer/2022063002/5f23ae1655332626f715e168/html5/thumbnails/5.jpg)
Responsible Innovation
Making sure:
• New and emerging sectors develop
responsibly
• Our requirements support change
• We enable change consistent with HKMA
objectives
• We stay relevant and competitive
![Page 6: Moving the needle -Improving outcomes in Anti-Money Laundering › media › eng › doc › key... · Moving the Needle • Increase our active stimulation so innovation becomes](https://reader036.fdocuments.us/reader036/viewer/2022063002/5f23ae1655332626f715e168/html5/thumbnails/6.jpg)
Sandbox
Enabling and Supporting
Successful Regtech Adoption
Chatroom
Policy
Development
![Page 7: Moving the needle -Improving outcomes in Anti-Money Laundering › media › eng › doc › key... · Moving the Needle • Increase our active stimulation so innovation becomes](https://reader036.fdocuments.us/reader036/viewer/2022063002/5f23ae1655332626f715e168/html5/thumbnails/7.jpg)
Moving the Needle
• Increase our active stimulation so innovation becomes
BAU
• Help create the conditions so that all AIs are exploring
and using RegTech in AML work
• Encourage greater collaboration to realise potential