Collectively addressing the challenges of financial crime compliance and the profound impact of regulatory requirements on financial institutions has never made it more important for the industry to come together to discuss how to mitigate compliance-related risks and costs.</p> We spoke to four senior executives from Wells Fargo, Clearstream, Asian Development Bank and Deutsche Boerse Group who provided valuable insight into the importance of attending the Compliance Forum and how it unites compliance and business decision-makers.</p> “The Compliance Forum is a great idea,” says Michael Cho, Head of Global Financial Institutions Compliance, Wells Fargo</strong>. “Every bank should have representation at the Compliance Forum. What makes it special is the mix of compliance and business people.”</p> Mark Gem, Chief Compliance Officer, Clearstream</strong>, noted that, “It’s important that compliance teams attend the Compliance Forum, but it’s also incredibly important that compliance is not seen as a self-contained universe. Rather, it’s a key component of business itself.”</p> Open to all Sibos delegates, the Compliance Forum provides a dynamic and interactive environment in which to network, share ideas and agree on collective action. Over two days, delegates will discuss industry progress on developing financial crime compliance utilities, and whether greater industry cooperation could help reduce the costs and risks of addressing compliance-related challenges.</p> Panel discussions and practical case studies will also provide an understanding of the global regulatory viewpoint and explore the future of financial crime compliance as it relates to ultimate beneficial owner transparency.</p> Steven Beck, Head of Trade Finance, Asian Development Bank</strong>, described the Compliance Forum’s increasing value to the industry as a whole: “This is an extremely important time in the history of banking, and the Compliance Forum at Sibos provides a tremendous opportunity for professionals to talk about the important issues that are affecting the industry, and how to tackle challenges on an industry basis.”</p> James Freis, Chief Compliance Officer for Deutsche Boerse Group</strong>, agreed, “Business and compliance cannot be thought of as separate disciplines, but rather, as aspects of an overall prudent approach to running a financial services business in the modern age. SWIFT has made great strides in this area.”</p> The Compliance Forum takes place at Sibos on 13 and 14 October in Singapore. Don’t miss this exciting opportunity to play your part in shaping the global compliance conversation.</p> For more information about the conference programme and to register, visit the Compliance Forum</a> </p>