Post by ACAMS

“In the fight against trade-based money laundering, red flags rarely appear in isolation; it is the pattern of anomalies that reveals the real risk.” - Bobby R. Rozario, Chairman HKCCMA We recently convened our Hong Kong members in partnership with the Hong Kong Credit and Collection Management Association ("HKCCMA"​). In a room of AFC professionals across credit, collections, compliance, and AML, Bobby R. Rozario spoke about the critical intersections between these functions. The session highlighted how robust credit assessment, effective due diligence, and continuous monitoring play a vital role in strengthening AML frameworks and mitigating financial crime risks. A recurring theme throughout the session was the importance of professional judgement and curiosity in identifying risk, with Rozario stating: “The most effective defense against trade-based money laundering is not sophisticated technology, but the willingness to ask one simple question: does this transaction genuinely make commercial sense?” The discussion reinforced that financial crime prevention is not confined to a single function. Stronger collaboration across teams is required to connect the dots and respond effectively to evolving risks. Thank you to HKCCMA, Mr. Rozario, and all of the members who joined us in making this an informative and insightful session. We look forward to the next one 💡