András Bácsfalvi (Chair, HUNGARY) is a seasoned and well-known compliance professional, author of Defense Lines compliance podcast, sharing knowledge and compliance awareness throughout the community.
Since 2016 he is the Chief Compliance Officer of MKB Bank, one of the biggest financial institutions in Hungary. The directorate he leads comprises three departments, one for the classical compliance functions (handling conflict of interest, ensuring ethical business conduct, consumer protection etc.), one for AML/CFT and KYC, and one for capital markets compliance. At the end of 2020 he was appointed as Group Chief Compliance Officer of Magyar Bankholding Zrt, so now he is responsible for three Banks’ (MKB, Budapest Bank and Magyar Takarékbank) core compliance, anti-money laundering, customer protection, capital markets compliance, data protection and fraud prevention fusion. He also leads the project team and makes sure that the three Banks will be ready for the merger from the compliance perspective.
He’s been the president of the Hungarian Banking Association’s AML working group since July 2016, and the president of the Compliance working group since November 2018. He is a member of Association of Certified Anti-Money Laundering Specialists (ACAMS) since 2016. Moreover he is a regular keynote speaker (both in Hungary and abroad) and lecturer on topics concerning Compliance and anti-money laundering. In 2018 he was appointed as a presidential member of Hungarian Internal Auditor Association. In 2020 he was awarded the Golden Beehive Award.
In 2013 he was asked to build up the Compliance Department of the Hungarian Export-Import Bank Plc. & Hungarian Export Credit Insurance Plc.
Before joining the banking sector he worked as an Operation Officer at CPO (this is one of the Hungarian authorities); and got experience as a consultant at SAP and TATA Consultancy Services as a consultant. He graduated at the Budapest Corvinus University with a Master’s degree in Economics and Sociology.