In this insightful webinar hosted by ChainUp, industry experts delved into the crucial topic of Anti-Money Laundering (AML) essentials for businesses. The event featured prominent speakers, including Dr. Basil Lui from August Founding Partners, Mr. Desmond (Founder of Meta Alpha), and TY Shao (Founder of MetaTrust), and was moderated by Kelvin Koh, the Compliance Officer of ChainUp group.

Key Speakers:

1. Dr. Basil Lui (August Founding Partners): Dr. Lui, a founding partner with AGP and EDBI advisor, shared insights from August Global Partners, an Independent Fund Management company spun out of EDBI Singapore's strategic fund.
2. Mr. Desmond (Founder of Meta Alpha): Desmond, the Founder of Meta Alpha and former Chief Strategy Officer of a Digital Asset Payment Company, drew on over a decade of government experience, highlighting challenges in AML within the digital asset landscape.
3. TY Shao (Founder of MetaTrust): TY Shao, Chief Business Officer of MetaTrust, detailed MetaTrust's role as a Web3 security technology company specializing in auditing services.
4. Kelvin Koh (ChainUp Group): Kelvin Koh, Compliance Officer of ChainUp Group, guided the discussion on KYT systems and AML essentials, addressing observed challenges within the Fintech industry.

Webinar Highlights:

The webinar covered three main segments:

1. Tricky Issues in Detecting Money Laundering: The speakers discussed the nuances and challenges involved in detecting money laundering, drawing comparisons between traditional finance and digital asset transactions. They emphasized the well-established processes within traditional banking and contrasted them with the evolving landscape of digital assets.
2. Importance of AML Protocols for Companies: The experts shed light on why AML protocols are vital for companies, especially in the rapidly developing realm of digital assets. The discussion touched upon the differences in regulatory structures and internal processes between traditional banking and emerging digital assets.
3. Key Rules and Checkpoints for Quality KYT Systems:** The panelists shared insights into the key rules and checkpoints essential for maintaining quality Know Your Transaction (KYT) systems and operations. The discussion aimed to bridge the gap in detailed information and practical guidance on effective AML monitoring within the industry.

The webinar provided a comprehensive exploration of the challenges and opportunities in implementing effective AML measures for businesses, considering both traditional finance and the evolving digital asset landscape.

Watch webinar below