The role of the Chief Compliance Officer (CCO) has never been more critical, evolving from a back-office function to a strategic imperative at the forefront of corporate governance. In an era defined by escalating regulatory complexity, heightened geopolitical risks, rapid technological advancements, and increasing stakeholder scrutiny, CCOs are the linchpin ensuring organizational integrity, ethical conduct, and resilience against financial crime and reputational damage. The growing investment in compliance departments highlights the strategic significance of the function, with global compliance spending expected to surpass $200 billion by 2026—demonstrating a clear enterprise-wide commitment to reducing regulatory risk.
Reflecting growing investment and authority, a 2024 Deloitte survey found 72% of organizations increased compliance spending year-over-year, with 58% of CCOs now reporting directly to the CEO or board. With enforcement actions rising, 2023 saw $6.6 billion in penalties issued to financial institutions (FIs) by regulators across the globe in a report by Fenergo. Hefty fines are being leveraged to send a message to certain industries to fix compliance gaps and prevent financial crime. Beyond these staggering financial penalties, the true cost of non-compliance extends to severe reputational damage, with studies showing that a major compliance breach can lead to a stock price drop of up to 5% and a decline in brand value by 10-20% in the aftermath. In 2012, a UK based bank paid US authorities a whopping USD 1.9 billion in a settlement over money laundering. According to a U.S. Senate investigation, the UK-based bank was identified as a channel for funds linked to ‘drug kingpins and rogue nations The bank admitted to having poor money laundering controls and have since spent $290m on improving its systems to prevent money laundering and financial crime
Incidents like this serve as stark reminders of the catastrophic consequences of lax controls, including billions in fines, loss of public trust, and even criminal charges for executives. These incidents underscore the critical need for proactive, robust compliance frameworks. The Chief Compliance Officer conference by Trueventus serves as an indispensable forum for senior compliance executives to share best practices, dissect complex regulatory challenges, and explore cutting-edge solutions. Gain actionable insights into leveraging AI and machine learning for enhanced surveillance, optimizing Reg-Tech solutions for efficiency, and fostering ethical leadership from the top down.
The FinTech Alliance PH is the Philippines’ premier and largest digital industry association, comprising over 140 corporate members that collectively account for more than 95% of the country’s digital retail financial transaction volume. As the first organization of its kind in Asia, it has pioneered the establishment of an industry-led Code of Conduct and Code of Ethics, operating as a self-regulating body. The Alliance has played a significant role in shaping the government’s National Strategy for Financial Inclusion and the National Retail Payments System, actively supporting the implementation of the Digital Payments Transformation Roadmap. Additionally, it publishes the annual Philippines FinTech Report and organizes key events such as the Manila Tech Summit and the Bagong Pilipinas: The Philippines Country Pavilion at the Singapore FinTech Festival. The FinTech Alliance PH serves as a vital resource for regulators, policymakers, and legislators, focusing on digital payments, financial education, and advancing inclusive digital finance. Furthermore, it is a co-founder of the Asia FinTech Alliance and the South Africa-based Alliance of Digital Finance Associations.——
fintechalliance.ph/
The Asian Bankers Association (ABA) serves as a platform to advance the banking and finance industry in the Asia-Pacific region and promote regional economic cooperation. Its key goals include facilitating the exchange of views on banking opportunities, fostering fellowship among regional bankers, encouraging collaborative activities to support members’ roles in economic development, and initiating projects that boost trade, industry, and investment cooperation across the region.
www.aba.org.tw/
The Myanmar Institute of Directors is Myanmar’s leading corporate governance institute. We operate with a mission to improve the efficiency, effectiveness and professionalism of boards and board directors, and to promote excellence in corporate governance standards and their application by companies and organisations by impacting board efficiency. We aim to be the cornerstone organisation developing effective leaders that govern businesses and institutions with the highest ethical standards and enhance investor confidence in Myanmar’s private sector and capital markets. Our main purpose is to strengthen Myanmar by helping institutions get stronger through their corporate governance mechanisms. We support companies and directors through our education programmes, resources, events, advisory services and peer-to-peer networks.
myanmariod.com/
AGRC is a global, non-profit, professional accreditation & certification organisation, as well as a networking platform, that was founded in 2020 and started its operations a year later. We have developed a series of Level 3 professional qualifications on topics such as AML, ESG, KYC/CDD, Compliance, Risk Management, Cryptocurrencies, Corporate Governance, and International Economic Sanctions, all of which have been accredited by the London Institute of Banking and Finance (LIBF) in the UK. We also facilitate the exchange of knowledge and sharing of experiences among governance, risk, and compliance (GRC) professionals. We support our community of multi-jurisdictional GRC professionals in the financial services industry and beyond by sharing their common values, experiences, expertise, and business development opportunities.
www.agrc.org
The ICMC Philippines promotes excellence and integrity in the management consulting profession. The Institute of Certified Management Consultants of the Philippines (ICMC) administers, and its chapters confer, the Certified Management Consultant (CMC®) designation that conforms to the international standards of the International Council of Management Consulting Institutes. The Institute and its members advocate for the CMC® designation and are dedicated to advancing the profession and delivering the benefits of those efforts to the client community. As a leading professional organization, ICMC aims to uphold the highest standards of excellence, integrity, and professionalism in management consulting.
cmcphilippines.org/
The Customer Experience Society of the Philippines (CXSP) is the country’s first and only organization dedicated to advancing the practice of Customer Experience (CX). We are a collaborative network of Filipino CX practitioners, professionals, and advocates committed to elevating CX standards across industries. Why? Because we believe that Filipinos deserve better. CXSP champions a customer-inspired culture rooted in empathy, accountability, and continuous learning. We empower practitioners through education, promote CX best practices tailored to the Philippine market, and foster a strong, connected community to drive meaningful change in how organizations serve their customers.
www.cxsocietyph.com
Anti-Bribery Anti-Corruption (ABAC™) Center of Excellence is an independent certification body that provides education and certification services for individuals and organisations on a wide range of disciplines and ISO standards, including:
• ISO 37301:2021 (formerly ISO 19600) Compliance Management systems (CMS);
• ISO 37001:2016 Anti-Bribery Management Systems (ABMS);
• ISO 31000:2018 Risk Management- Guidelines;
• ISO 37000:2021 Governance of Organisations; and
• ISO 37002:2021 Whistleblowing Management Systems.
ABAC™ offers a complete suite of solutions designed to help organisations mitigate the internal and external risks associated. Our GRC (governance, risk and compliance) subject specific experts operate in multi-jurisdiction and multi-cultural environments while assisting organisations in the development of frameworks for strategic compliance programs.
abacgroup.com/
Federation of Malaysian Foundry and Engineering Industries Associations (FOMFEIA) is the national representative body for foundry and engineering related trade and industries in Malaysia. It was established on 7th January 1977 and the membership currently comprises 11 States Associations. Total number of member companies of State Associations has well exceeded 2,000 throughout Malaysia.
www.fomfeia.org.my/
