正文
The Central Economic Work Conference held at the end of 2017 identified "prevention and mitigation of major risks" as top of the three priorities in the coming three years, with a particular focus on preventing and managing financial risks. Additionally, "pushing forward a new pattern of all-around opening up" was also listed by the Conference as one of China's eight major tasks. Domestically, China is gaining a strong momentum of development as it vigorously expands the scope and levels of reform and opening-up, making full efforts to push the Belt and Road Initiative and deepen international cooperation. Internationally, countries around the world are introducing increasingly stringent regulations on financial crimes and sanctions due to emerging innovative financial instruments. As a result, new opportunities along with tougher challenges will be faced by Chinese enterprises in their strategic pursuit of "going global".
Money laundering via international trade, with the deepening development of global trade and international cooperation, has become a serious problem worldwide. Therefore, prevention of money laundering via trade financing is a key focus and challenge for commercial banks in controlling risks.
In view of such, Deloitte is hosting a Financial Crime Compliance Forum in Shanghai in collaboration with the Bankers Association for Finance and Trade ("BAFT") (more info at https://www.baft.org/about-baft), which will feature several international and domestic guest speakers who are subject matter experts in financial crimes, and will cover highly topical financial crime issues such as trade-based and anti-money laundering, and an update on the Wolfsburg customer due diligence questionnaire, as well as the role innovation plays in financial crime compliance.
