RHT Compliance Solutions organised its flagship Compliance Summit titled “Getting Smart and Getting Touch” at Suntec Convention Centre on 22 September 2016. RHTLaw Taylor Wessing Chairman and Senior Consultant Professor Walter Woon SC gave the welcome address. We were delighted by the turnout of about 250 guests, mostly from the legal and compliance community in financial services. Four interesting panel discussions were held covering the following themes: AML in Focus – how certain unprecedented enforcement actions in Singapore by the MAS has put AML front and centre, and how financial institutions should react.
Role of technology in compliance – with increasing complexity of regulations, there is a need to leverage on technology for compliance.
Anti-Corruption – dissecting issues such as the impact of 1MDB on anti-corruption programs, dealing with cross-border risks, innovative approaches towards anti-corruption program and handling cross-border investigations.
Compliance culture – how recent enforcement actions has put compliance culture in the forefront, designing a program to promote compliance culture, measuring compliance culture, and a debate about the need to have an accreditation program for compliance officers in Singapore
FinTech and Compliance – the inherent tensions between innovation and regulation, the importance of having a risk-focused compliance program for Compliance Officers. We were also privileged to have a speaker from HK’s Independent Commission Against Corruption to present on Asset Forfeiture in Corruption. This Summit took place as part of the UK Government’s International Anti-Corruption Week –Tackling Financial Crime Together organised by the British High Commission in Singapore.
The Partners, Management and Staff of RHTLaw Taylor Wessing and the RHT Group of Companies express their condolences to ASEAN Plus Group member firm Hanafiah Ponggawa & Partners (HPRP) over the loss of one of their leading lawyers, Partner Harry Tjipta Prabawa. Our thoughts and sympathies are with the his wife Vonny Julia and children, Matthew and Sarah. Please see below a statement issued by HPRP. HPRP Grieves the Loss of Partner Harry Tjipta Prabawa It is with deep regret and sorrow that the Partners, Management, and Staff of Hanafiah Ponggawa and Partners announce the passing of our Partner, Harry Tjipta Prabawa. Harry was a well respected lawyer who managed our International Trade Practice. He was recognised as an expert in South-east Asia and was an expert consultant for projects which involved the World Trade Organisation, European Union, Indonesian Chamber of Commerce, and the Ministry of Trade of the Republic of Indonesia. Mr. Constant Marino Ponggawa, Managing Partner of HPRP said, “Harry was an outstanding lawyer, a man of integrity and boundless energy. He was a kind and warm man who loved his work and more importantly his lovely wife and children. We are sad to have a lost a brother but we are honoured to have served with him. Today, the Partners, Management, and Staff of the firm grieve the loss of a leading light of the firm.” Partner Harry Tjipta Prabawa was 41 and is survived by his beloved wife Vonny Julia and children Matthew and Sarah.
RHTLaw Taylor Wessing congratulates Chow Tai Fook Charity Foundation (Singapore) Limited (“Foundation”) on its successful registration as a charity in Singapore effective from 25 August 2016. The vision and mission for which the Foundation is established include relief of poverty, community development, advancement of education, health, arts, heritage and science, as well as provision of aid, assistance and relief to voluntary welfare organisations. For more information, please contact Partner Kaylee Kwok.