Trusts and AML Risk Management

Sharon Yam of Ocorian

Jul 11, 2023

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  • Are trusts now overregulated from an AML perspective?
  • Is it nearly impossible to take on a client from Vietnam and China?
  • Are the rules been universally applied? Is it a level playing field?
  • An Industry Best Practice Paper: Managing Money Laundering and Terrorism Financing (“ml/tf”) Risks Associated with Complex Trust Structures - was published last year. What are the implications? Do you agree with what is being suggested? Do we need more guidance?
  • How do we view ‘high risk’ assets in trusts?
  • How do we view ‘digital assets’ in trusts?

 

Chair

Sharon Yam
Regional Head, APAC
Ocorian

Panel Members

Shawn Wang
Head of Trust Service, Singapore
Ocorian

Yeoh Lian Chuan
Partner
Withers KhattarWong LLP

Ethan Chue
Chief Executive Officer
Family Succession Advisors

Marc Anley
Partner
Deloitte
 

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