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Annual FEMA Summit 2012

rd

FDI Policy & Anti Money Laundering

9th - 10th February 2012 Mumbai

Registration Form
How to register Online: http://www.achromicpoint.com Fax: 011-49260016 Email: marketing@achromicpoint.com Mail: ACHROMIC POINT CONSULTING E-517, 3rd Floor, Rohit Plaza, Near Ramphal Crossing, Sector-7, Dwarka, New Delhi 110075 Enquiries Tel: +91-8447758763, 011-49260003 Email: marketing@achromicpoint.com For more details, visit http://www.achromicpoint.com

Delegate Fees
List Price - INR 15,000 + 10.30% Service Tax

rd FEMA Summit 2012 Annual

Presents

FDI Policy & Anti Money Laundering

9th - 10th February 2012 Hotel Hilton, Sahar Airport Road, Mumbai

Delegate 1
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9th - 10th Feb - Mumbai Salutation Mr Mrs Ms

Delegate 2
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9th - 10th Feb - Mumbai Salutation Mr Mrs Ms

Delegate Details: Name ....................................................... Job Title........................................................ Tel ........................... Email .................................................... Special Dietary Requests (if any) ................................................................................................

Delegate Details: Name ....................................................... Job Title........................................................ Tel ........................... Email .................................................... Special Dietary Requests (if any) ...............................................................................................

Company ...................................................................................................................................................................................... Address ......................................................................................................................................................................................... ............................................................................................................. Country ............................................................................ Tel ........................................................................................................ Fax ................................................................................... Contact Person .................................................................................... Email ................................................................................

Cancellation and Refund Policy

You must notify us by email at least 48 hrs in advance if you wish to send a substitute participant. Delegates may not share a pass between multiple attendees without prior authorization. If you are unable to find a substitute, please notify Achromic Point Consulting (APC) in writing up to 10 days prior to the conference date and a credit voucher valid for 1 year will be issued to you for the full amount paid, redeemable against any other APC conference. No credits or refunds will be given for cancellations received after 10 days prior to the conference date. APC reserves the right to cancel any conference it deems necessary and will not be responsible for airfare hotel or other costs incurred by registrants. No liability is assumed by APC for changes in program date content speakers or venue.

Knowledge Partners:

Exclusive Banking Partner

Official Magazine Partner:

Media Partners:

Deloitte here refers to Deloitte Touche Tohmatsu India Private Limited

PnP Consulting Pvt. Ltd

Day 1

Day 2

FEMA FDI Policy

Foreign direct investment (FDI) has become a key battleground for emerging markets and some developed countries. Government-level policies are needed to enable FDI inflows and maximize their returns for both investors and recipient countries. The primary aim of these policies is to create a friendly business environment where foreign investors feel comfortable with the legal and financial framework of the country, and have the potential to reap profits from economically viable businesses. The prospect of new growth opportunities and outsized profits encourages large capital inflows across a range of industry and opportunity types. The Foreign Exchange Management Act, 1999 (FEMA), the gateway legislation for all Inbound and Outbound investments, The new consolidated FDI Policy issued by the Government of India in September 2011 (2011 FDI Policy) has introduced some major changes to attract more FDI equity inflows into India. This year marks the twentieth anniversary of the dramatic opening up of the Indian economy. In the area of foreign exchange the country has certainly moved away from an older paradigm of managing scarcity, to a more liberal and flexible regime. FEMA has now been in existence for more than a decade. Various experiences both positive and negative have been gathered during this period. There has been a major concern that the application of FEMA to transactions between individuals (as against corporate), has been unnecessarily burdensome. It is as if the functioning of a law, which was aimed at liberalizing has become constrained by excessive regulation. Indian overseas investment policies have been progressively liberalized and simplified to meet the changing needs of a growing economy. The policy, which evolved as one of the strategies for export promotion and for strengthening economic linkages with other countries, has expanded significantly in scope and size, especially after the introduction of Foreign Exchange Management Act, 1999. This program is designed incorporating all the changes in the law upto January, 2012 Agenda Inaugural Session FDI Sectoral Policy Latest Changes     Multi Brand Retail Trading Pharma Sector Construction Sector Agriculture Sector    Downstream Investments Limited Liability Partnership (LLP) Other Changes

Anti Money Laundering

In the current environment of increasing regulation, heightened threat from organized crimes, financial institutions are increasingly being challenged to remain in compliance with ever changing regulations and subjected to a closer scrutiny by the regulators. Financial institutions are the gatekeepers for the legitimate financial system and it is only through their vigilance that the system can be protected from providing money launderers or terrorists with a mechanism for concealing the proceeds of criminal and corrupt activity. Recent enforcement actions across the globe and in India have only reinforced the importance of complying with Anti Money Laundering regulations. India has come a long way since 2005 when the PMLA regulations came into force. With Indias membership of FATF, it is expected that the compliance standards will be enhanced to meet a wide ranging guidelines and international best practices. This full day event will provide an exclusive forum for participants to understand the AML framework and regulators view on various aspects of Anti money laundering compliance with topics on regulatory expectations, recent developments and new regulations in anti-money laundering compliance and discuss challenges faced by financial institutions presented by regulators, law enforcement professionals and anti money laundering specialist.

Agenda
Introduction    Introduction: AML framework on India Changing landscape: Recent developments and challenges Way forward: Shade of things to

Regulatory Watch - Regulators perspective and expectation on AML compliance: Beneficial ownership    Regulatory perspective: current state of AML compliance Current key topics: Beneficial ownership, KYC documentation, transaction monitoring Regulatory watch: view on regulatory expectation from capital market participants

FATF Guidelines and Expectations: Best practices    FATF guidelines: Expected changes Changes to PMLA: DNFBP Way forward: Suspicious transactions and reporting FIU expectations and best practices

New compliance requirements: FATCA and AML    Resident Individuals Latest Changes & Issues    What is FATCA regulations FATCA requirements Implication of FATCA compliance on AML Challenges and best practises

Borrowing & Lending   Resident Companies Other Resident entities

Individual Remittances    Resident Remittances Non Resident Remittances Gifts  Loans  Investments in Stocks  Reimbursements  Other issues

Outbound Investment Policy Latest Changes       Multilayered SPVs holding Structures Guarantees to Step-down Joint Ventures / Wholly Owned Subsidiaries Disinvestment with / without write off Round tripping Other Latest Issues Setting up of Companies abroad by Individuals

Case Study    ED: Role of ED Case study: highlights of a money laundering case Knowledge sharing: practical experience of money laundering scenarios and what the financial institutions should be looking for

Panel discussion on AML issues and challenges

Speakers
Mr. PVR Rajendra Prasad CEO, PnP Consulting Pvt. Ltd. Mr. PVR Rajendra Prasad has over 25 years of professional experience. He is the founder and CEO of PnP Consulting (P) Ltd. PnP Consulting is an international Forex and Business consulting firm having offices at Hyderabad, Dubai and Singapore and specializes in foreign investment consulting, Exchange Control Regulations and Cross Border Mergers and Acquisitions. He is a fellow member of the Institute of Chartered Accountants of India. He advises several MNC clients in India and abroad on Structuring of Inbound Investments into India and Structuring of Outbound Investments. Ms. Neeta Potnis Senior Director National Leader, Forensic & Dispute Services Deloitte Touche Tohmatsu India Pvt. Ltd. Ms. Potnis is the Senior Director of Deloitte Touche Tohmatsu India Pvt. Ltd. She is a Chartered Accountant and a Certified Information Systems Auditor with more than 20 years of experience. She has extensive experience providing services to various entities in India, including several complex assignments for multinationals in India and to Indian multinationals in the banking and financial sector, life sciences industry, consumer business, automobile industry, chemical industry, and not for profit organizations. She has also conducted training sessions for Law enforcement agencies and clients on Anti-Money Laundering, Investigations and Forensic Accounting and speaks regularly on these topics.

About the organizer

Achromic Point Consulting is an International Consulting Firm with a growing presence in India providing a diversified range of Products & Services. APC works in tandem with enterprises at various levels in order to provide them Consulting, hand holding, Solutions and Services for Starting-up, Scaling-up and turnaround, or achieving Operational Excellence. It provides business solutions at all stages of business life cycle for various industries.
Achromic Point Events

Specializing in Seminars & Conferences, Workshops & Leadership Programs; this support division plays an active role as the Events arm of Achromic Point Consulting. At APC Events we display immaculate potential in keeping our clients updated, ahead & informed with key information through our exhaustive and intensive Learning Programs, Seminars & Workshops that in turn produce remarkable results for individuals and organizations.
Objectives

Mr. Rajesh Doshi Director- Compliance & Secretarial, Religare Enterprises Ltd. Mr. Rajesh Doshi has been involved in Compliance, Legal and Secretarial functions over the past 15 years. During this time he has worked with organizations in different sectors including with Future Capital Holdings Ltd, Reliance Communications Ltd / Reliance Industries Ltd and Crompton Greaves Ltd. Presently, Mr. Doshi is Director Compliance and Secretarial and looking at the Compliance and Secretarial functions for Religare Group of Companies. The Key areas of his experience are :1. 2. Corporate Restructuring Mergers and Acquisitions 3. 4. Joint Ventures FDI with focus on Financial Services

 To understand the latest changes in the law  To analyze and interpret the latest changes  To understand the latest changes in the Foreign Direct Investment Policy  To examine and discuss Outbound Investment Regulations  To get a regulators perspective on AML compliance and expectations  To get a first hand understanding of money laundering scenarios and Benefits of Attending  Gain a deeper understanding of money laundering  Understanding FATF Guidelines and Expectations: Best practices  Learning the AML best practices & Awareness about the latest AML trends  Knowing how to implement an effective AML Risk based program Who should attend?          Chief Financial Officers Chief Executive Officers Managing Directors Finance Managers Company Secretary Chartered Accountant Bankers & Foreign Exchange Dealers Finance Consultants AML Experts & Executives

what the financial institutions should be looking for the feedback from an investigator  Obtain an understanding on the proposed changes to PMLA  Recent compliance requirements which has implication on AML requirements and process for organization  Discuss the challenges faced by the industry in complying with AML regulations

Mr. K.V. Karthik Director Financial Services Lead, Forensic & Dispute Services Deloitte Touche Tohmatsu India Pvt. Ltd.. Karthik is a Director and lead financial services for Forensic & Dispute Services practice of Deloitte Touche Tohmatsu India Private Limited. He has over 13 years of experience in the banking and financial services sector and has led a range of projects particularly in the areas of risk and compliance. Karthik has extensive experience of investigating various frauds in the financial services industry clients including banks, brokerages and private equity. His experience in AML includes assisting financial institutions in developing their KYC policies and procedures, reviewing their compliance framework, software selection and remediation of their existing clients. Karthik has also written a number of thought leadership articles in the area of risk and compliance and AML and speaks regularly on these topics at various forums. He was also involved in providing assistance during FATF review.

 Pick up practical and cost-effective strategies and techniques that may be used within organizations  Getting equipped to fight financial crimes and protect your organization  Regulatory update on recent Union Cabinets proposal of making stringent AML Laws

Compliance Officer Head of Intelligence Chief Risk Officer Head Of Risk & Intelligence Legal Counsels & Head of Legal VPs & Managers From Legal Departments  Corporate Lawyers & Attorneys  CFEs & Fraud Experts