Derek Chen joins Strategi Group as Head of AML/CFT, boosting compliance capabilities

Derek Chen joins Strategi Group as Head of AML/CFT, boosting compliance capabilities

01 JUL 2024

We are thrilled to announce that Derek Chen has joined Strategi Group full-time as the Head of AML/CFT, effective 1 July 2024. In addition, Derek has merged his business, APlus Compliance Ltd, into Strategi Compliance, significantly enhancing our ability to assist clients. Through this merger Derek also becomes a shareholder and director of both Strategi Ltd and Strategi Compliance Ltd.

Derek Chen joins Strategi Group as Head of AML/CFT, boosting compliance capabilities

Derek brings a wealth of experience in compliance, finance, and law to our team. He will lead our AML/CFT division within Strategi Compliance and contribute to various compliance consulting projects. This strategic integration underscores Strategi Group’s commitment to strengthening our expertise and leadership in the compliance and financial services sector.

Derek’s academic credentials include a Master of Legal Studies in Corporate Law from The University of Auckland and a Master of Professional Accountancy and Finance from Massey University. He is a Certified Anti-Money Laundering Specialist (CAMS) and has passed Level One of the Chartered Financial Analyst (CFA) program. Additionally, Derek holds his New Zealand Certificate in Financial Services (Level 5) and is a practicing financial adviser. Fluent in both English and Mandarin, Derek can effectively serve a diverse client base.

Derek’s journey in financial services compliance began in 2015 as a Compliance Officer at Strategi Ltd. He gained extensive experience with finance sector regulations, customising compliance programmes, delivering compliance reports, and liaising with regulatory bodies like the DIA and FMA. His expertise in AML/CFT frameworks, systematic reviews, and over 200 AML/CFT audits has established him as a recognised expert in the field.

In 2019, Derek founded APlus Compliance Limited, a consulting firm specialising in financial services compliance. As Managing Director, he provided AML/CFT consulting and training, conducted financial service licence applications, and offered business advisory services. This entrepreneurial venture positioned APlus Compliance as a trusted name in the industry.

In 2022, Derek founded Lifelong Wealth Limited, where he served as the Principal Financial Adviser, providing advice on KiwiSaver and investment products, further showcasing his expertise in personal finance and investment strategies.

Outside of his professional endeavours, Derek is actively involved in community and cultural activities, serving as Treasurer for the IStart Chinese Theatre Club and blogging financial insights on WeChat to over 2,000 followers.

We are excited to welcome Derek back to Strategi Group and look forward to the significant contributions he will make as we continue to enhance our services and support our clients in navigating the complex landscape of financial compliance.

To learn more about Derek, please visit our website.