Mary Wong

Partner

Mary is a Consulting Director in PwC’s Forensic Services practice who specialises in Financial Crime. She has extensive in-house experience in the private banking industry. She has also performed a number of Asia Pacific engagements relating to Financial Crime risks for commercial clients and led a Financial Crime national risk assessment exercise for a government body in Asia, covering both public and private sectors.

Prior to joining PwC, Mary served, for over 5 years, as a Vice President in the Hong Kong office of leading global financial institution specialising in Anti Money Laundering Compliance, initially in the Investment Banking sector and formerly in the Private Banking sector. During this period, although based in Hong Kong, Mary undertook global and regional projects and developed excellent exposure to a wide variety of jurisdictions including Switzerland and Singapore. Her specific experience included, but not exclusively, customer complaints, compliance training, intermediaries, customer due diligence, as well as regional support on Politically Exposed Persons.

Prior to her career in the banking industry, Mary trained as an accountant and developed over 8 years of professional experience in the audit and forensic practices of another big four accountancy firm and a Fraud/Ethics position for the Chinese operations of a leading US multi-national corporations. During these roles, she worked on a diverse array of investigations and compliance reviews across various industries in various Asia Pacific countries, in particular, anti-money laundering compliance review, fraud investigation, procurement fraud, fraud risk review, ethics and compliance trainings, internal controls review, intellectual property review and corporate intelligence

Engagement Experiences

  • Acted as joint execution lead to a HK regulator to conduct an information collection exercise on the money-laundering/terrorist financing (“ML/TF”) risks from various licensed corporations and Registered Institutions. The exercise intends to facilitate the risk assessment of the securities sector as part of the National Risk Assessment (“NRA”) of Hong Kong.
  • Acted as execution lead on a large scale AML remediation project, where PwC is engaged to assist a multinational banking institution with operations in Hong Kong and Singapore to ensure its policies, procedures and documentation of client files etc. to comply with the HKMA and MAS requirements as well as the Group standard.
  • Developed and designed National Risk Assessment for both public and private sector stakeholders for a key Gaming/AML regulator (s) in Macau.
  • Conducted thematic AML reviews for global financial institutions in Hong Kong and China. 
  • Assisted Hong Kong regulators in providing independent assurance on the AML/CFT control reviews for regulated financial institutions. 
  • Delivered AML/CFT training to regulators and private sectors entities, including senior management, compliance officers, in Hong Kong, China and Macau on AML/ CFT best practices.