The GCFFC (Global Coalition to Fight Financial Crime) has announced (13/1/2023) the establishment of an APAC Regional Chapter.

The APAC Chapter is led by DBS Bank’s Debra Au and Westpac’s Jodie Arthur serving as co-chairs, and Napier’s Robin Lee serving as vice chair.

The GCFFC, founded in 2018, announced its public launch in June 2020, bringing together different parts of the anti-financial crime ecosystem to raise awareness, promote information sharing between public and private entities, establish global standards, and enhance the effectiveness of controls against money laundering.

Following the success of its Regional Chapters in Europe, MENA and the Americas, the GCFFC has established its APAC Chapter, led by co-chairs Debra Au, Head of Legal & Compliance for Hong Kong & China at DBS Bank; and Jodie Arthur, Head of FCC for Westpac’s Consumer & Business divisions. Robin Lee, Head of APAC at Napier Technologies will serve as vice chair.

“Establishing an APAC Chapter is long overdue. APAC is a region with 10 FATF member countries and is home to FATF’s current President,” said GCFFC chair John Cusack. “APAC is leading initiatives in a number of key areas and the GCFFC APAC Chapter will promote and support further development and to share best practices from APAC to the world.”

The APAC chapter seeks to bring together key industry partners and regional subject matter experts to work together with a common aim to drive effectiveness and take constructive efforts in the fight against global financial crimes, said Ms Arthur. “As one of the APAC co-chairs I am delighted to be part of the Global Coalition to Fight Financial Crime, together with my co-chair Debra Au we look forward to driving this important agenda and effecting meaningful change within the region and globally.”

“I am delighted we can launch the APAC Chapter of the GCFFC which will enable many more of the talents in APAC to collaborate on promoting and supporting the fight against financial crime,” said Ms Au.

Source: RegulationAsia