Winston Wang

Winston Wang is a Managing Director in the Financial Crime Compliance practice at FTI Consulting and is based in Beijing, China.

Winston brings more than 18 years of financial crime compliance experience to the role, including expertise in anti-money laundering (“AML”), sanctions compliance, fraud prevention, customer identification and customer risk rating.

Prior to joining FTI Consulting, Winston worked at China Minsheng Bank where he was a Director within the AML department. Whilst there, he managed the formulation of money laundering risk management policies and procedures, the implementation of AML laws and regulatory requirements, as well as established and improved the bank’s internal control systems. Winston introduced robust frameworks for identifying, assessing and monitoring money laundering risk and put forward comprehensive measures to ensure appropriate compliance. In addition, he also promoted the reconstruction of the bank’s AML system, and the in-depth application of artificial intelligence technology.

Winston has been an active representative for the financial sector. In 2016, he participated in the preparation of the fourth round of mutual assessment of the Financial Action Task Force (“FATF”) in China, on behalf of China Minsheng Bank. In addition, he has been invited to speak at numerous financial crime compliance forums held by regulatory authorities and peer institutions.

Relevant Experience:

• Led an AML on-site inspection and look-back review for national joint-stock commercial banks, over a period of four years; the AML rectification of the institution was highly recognised by regulatory authorities
• Invited twice as the keynote speaker on the TV show ‘Talking about Money Laundering’, organised and sponsored by the business department of the People's Bank of China
• Participated twice as a keynote speaker at an anti-money laundering compliance forum, held by the leading anti-money laundering technology company in China; spoke about the construction of AML internal control mechanism systems and money laundering risk assessments
• Provided sanctions compliance risk solutions for specific transactions at national joint-stock commercial banks; effectively responded to and mitigated sanctions compliance risks for the client