On the occasion of the 20th anniversary of Macau University of Science and Technology (MUST) and its Law Faculty, the 18th session of the Shizi Gate Master Lecture (the first session of the academic year 2020-2021) was held on the morning of December 2 in the N101 Lecture Hall on campus. Mr. Teng Lin Seng, Co-Chairman of the Alliance for Financial Stability with Information Technology (AFS-IT), a non-profit organization based in Hong Kong, was invited to invited to deliver a lecture titled “Anti-Money Laundering and Digital ID”. The Shizi Gate Master Lecture series are supported by the Foundation of Macau University of Science and Technology.
Dean Professor Fang Quan (left) presented a gift to Co-Chairman Teng Lin Seng.
Chairman Teng Lin Seng started with the definition of anti-money laundering and anti-terrorist financing. His lecture covered a wide range of critical issues, including the background of international and regional anti-money laundering organizations, the mutual evaluation process among the members of these organizations, their compliance with the FATF standards, the FATF recommendations and the framework of effectiveness objectives, the experience of mutual evaluation within the APG in Macao, the FATF CDD and KYC guidelines, and the FATF guidelines developed particularly during the COVID-19 pandemic, etc. Chairman Teng said that all industries should cooperate with the anti-money laundering measures promulgated by the relevant government departments, comply with the law, and perform their duties with due diligence. Legal practitioners are advised to enhance their professional knowledge, cooperate with the enforcement of regulations, make better use of financial and monitoring technology, perform identification and due diligence work under the legal compliance norms, and cooperate with the new working mode under the epidemic to maintain the economic and financial operations.
Mr. Teng Lin Seng Giving the Lecture
The lecture was followed by a Q&A section. Several questions were raised by students and other invited guests and responded patiently with details by the speaker.
Students Asking Questions
Photo of Mr. Teng Lin Seng together with Other Guests and Faculty Members
Other attendants of the event include: Ms. Tam Sok I, Head of the Insurance Supervision Department of the Monetary Authority of the Macao SAR Government; Mr. Choi Fat Chong, Chief of the Banking Supervision Department of the Monetary Authority of the Macao SAR Government; Mr. Lao Chak Kuong, Founding President of the Macao Anti-Money Laundering Professional Association and Founding President of the Alumni Association of the Faculty of Law of the Macau University of Science and Technology; Ms. Leong On Leng, Vice President of the Macao Anti-Money Laundering Professional Association; Au Ieong Iu Kong, President of the Board of Directors of the Macao Anti-Money Laundering Professional Association; Ms. Wu Xunzhou, Board Member of the Macao Anti-Money Laundering Professional Association; Ms. Oriana Inácio Pun, Partner at Pun, Choi & Chan; Ms. Lou Sio Fong, Partner at Lou Sio Fong Lawyers & Associates; Professor Fang Quan, Dean of the MUST Faculty of Law; Assistant Professor Mou Xiaobo, Program Director of the MUST Faculty of Law. Assistant Professors, Peng Yunpeng and Wang Jia, together with over 100 students from the Law Faculty also attended the lecture. The whole event was very well received.
Group Photo at the Lecture Venue