The Financial Crime Forum - Identity 2023

The Financial Crime Forum - Identity 2023

Hong Kong 13-14 February, 2023


On the Internet, everyone knows your name but no-one knows who you are

The Financial Crime Forum - IDENTITY 2023 is an in-person only Forum concentrating on in-depth presentations by experts in their fields. We bring together practitioners and academics in an interactive environment in which discourse is a central purpose of the Forum.

The Financial Crime Forum Asia Pacific 2023 will bring us back to Hong Kong for the first time in more than a decade. This Forum concentrates on issues of identity and its related topics identification, verification and privacy,

Aimed at an international audience of financial services professionals and those in commerce who need, for their own and for regulatory purposes, to know who they are dealing with the Forum will address the many and varied questions that arise when individuals define their own identity and dealing with remote identification and verification in a world that eschews face-to-face contact.

The Forum is supported by Sponsors and Exhibitors some of which present workshops to provide additional insights.

We have invited speakers for the following topics which are subject to change. We do not publish the names of speakers until they are confirmed.

13 February, 2023

08:00 Concepts and conflicts in identity as it affects customer acquisition in finance, commerce, industry and the Professions.

09:15 Adbreak

10:00 The right to, or denial of, privacy..

11:15 Adbreak

11:30 Walkabout and snacks

11:45 Comparing forms of biometrics and their reliability

12:30 Adbreak

12:45 Identifying and dealing with public figures and their connections.

13:30 Exhibition Mingle

14:00 - 17:00 Workshops.

14th February, 2023

08:00 Conducting KYC investigations of the rich and well connected.

09:15 Adbreak

10:00 Identifying parties in delivery chains especially involving free trade zones

11:15 Adbreak

11:30 Walkabout and snacks

11:45 What is identity from a risk and compliance perspective?

12:30 Adbreak

12:45 Challenges of identity in a multi-lingual, multi-script, multi-cultural environment

13:30 Thanks.

13:35 Exhibition Mingle

14:00 - 17:00 Workshops .

Reserve topics:
Identifying the proceeds of foreign tax evasion.
The evasion of sanctions through multi-stop shipping.
The metaversical issue of certainty in the identification of customers and whether it can be achieved especially online

Times are local time.

Good Morning.

Welcome to The Financial Crime Forum - Identity 2023"

I am delighted that we are back in Hong Kong. We launched the Financial Crime Forum Asia Pacific in Hong Kong in 2006 and have very happy memories of the years we were here. But it's been more than a decade since our last Forum here and, personally, I have missed it greatly. We will always think of it as home. When we rebooted the Forum last year after a hiatus due to the pandemic and several other matters, we were unable to come to Hong Kong but now, thanks to the removal of pandemic related restrictions, we can come home and commit to Hong Kong being where, annually, we will hold The Financial Crime Forum Asia Pacific as Hong Kong reclaims its rightful position as Asia Pacific's principal financial, trade and commercial centre.

This year, we use this event as our launchpad for an annual Forum called IDENTITY. That Forum will be somewhere different next year and Hong Kong will have a different topic.

Identity is something that rings loud bells in Hong Kong. On our promotional material for this Forum, we have an image of my favourite modern building in the world, the Bond Centre. To me and many others it will always be The Bond Centre. Taxi drivers have to know where The Bond Centre is. But.... in 1998, the Bond Centre was renamed The Lippo Centre. Taxi drivers have to know that name, too. But in the streets, ask passers-by for directions and The Bond Centre is what you are looking for.

On a corporate level, Hong Kong's two greatest Hongs, Jardine Mattheson and Swire Pacific moved their legal bases offshore but all operations continued to be headquartered here. There was a disparity between legal and practical identity. HSBC, the bank that ran Hong Kong, moved its principal offices to London, not because it wanted to but because British regulators demanded it as a condition of being allowed to complete its take-over of Midland Bank. But its heart never left Hong Kong and last year it moved major operations "home" and it is now considering vacating its massive "Global Headquarters" in London. For many years, it was generally assumed that Standard Chartered was a Hong Kong based bank - many were surprised to learn that its formal head office was a lovely old building in the City of London.

It's not only buildings and companies that are not as easily identified as they would appear. The "passports for sale" system allows the creation of multiple identities. This is not new: it was that which facilitated one of the great banking scandals and brought down an offshore financial services centre. That's in an island that, today, still sells passports in any name you choose if you have enough money to pay for them.

There are places that claim sovereignty which is not recognised by e.g. the United Nations but which issue passports. These include Palestine which issues passports that are recognised by only 130 countries and visa-free entry is permitted to only 34. When we think of unrecognised jurisdictions, we tend to think of places created by cranks or scam artists but while these are present, there are far more that are not. In 2015, it was reported that the United Nations would not accept a Taiwanese passport for entry to its buildings - but a driving licence or a social security card would be accepted.

These questions are just the tip of the identity iceberg. We have people who self-identify in many different ways, from their interpretation of gender to being a "sovereign citizen." The points of certainty that we once viewed as a valid starting point are increasingly not available.

In this paper, called "Concepts and conflicts in identity as it affects customer acquisition in financial services" I'm going to introduce the subject areas, to provide an overview of how they all tie together and to address one or two policy and strategic issues that require attention.

Over the next two days, then, we will examine, in depth, areas of direct relevance to financial services and commercial concerns.

So, we will look at what identity is and how notions of identity are changing.

We will look at the challenges those changes pose in a society that is rapidly fragmenting, resulting in the breakdown of standardised approaches.

We will look at the identification of individuals, of companies and those associated with them, of politically exposed and connected persons and how legal mechanisms, including free trade ports, are used to break chains of identification so that Know Your Customer becomes extremely difficult.

Add in that so much identification is now done remotely and what were obstacles are now becoming mountains.

That said, let’s get started.

Financial Crime Risk and Compliance Officers
Law enforcement
Legislators, policy makers and regulators
C-Suite officers in commerce, trade and industry
Risk managers
Insurance underwriters
Computer scientists
Data analysts
Sales directors
Internal auditors
Aid organisations
Immigration and customs officers

Tickets will be on sale soon: the following is for information only.

The Financial Crime Forum - GBP500

Multi-buy (three tickets) GBP1250

This event is in Hong Kong. No VAT/GST applies.

The price includes light working breakfast, mid-morning snacks and lunchtime buffet Mingle.
The price does not include transport or accommodation.

Registration details will appear here.

Sponsors and Exhibitors are invited from those engaged in all aspects of dealing with those in positions of authority (including but not limited to politically exposed persons) including mapping connections and contacts, those engaged in investigations and the identification and recovery of assets, those who deal with the politically connected rich and famous and those who repatriate funds to nations which have lost due to malfeasance of those with power, authority and/or influence. There will be a maximum of six sponsors plus additional exhibitors. Sponsors are allocated workshops. Exhibitors may book workshops on a first come, first served basis at additional cost.

For information please see XXXXXXXXXXXXXXX.

The Forum will be held in Tsim Tsa Shui on the tip of the peninsula with excellent communications from Hong Kong Island by ferry or MRT, China by train and the rest of the world by air with train and bus services from the airport taking you right to the door of venues and hotels.

Our Family-friendly format leaves you plenty of time to visit some of Hong Kong's many places that aren't the city you expect, meet friends and, of course, to be in one of the world's biggest duty-free shopping zones or get a suit made to say nothing of sampling Cantonese cuisine which is unique in its delicacy of flavours. Or you could just go to meetings: it's amazing how Hong Kong gets under your skin and makes you want to be part of its energy.

Certificate in Financial Crime Risk and Compliance

Credits: 50

Portable CPD (TM)

Hours: 14

Visa information is available here: