Course Information
Date :
Time :
Duration : 3 hours
Accredetation :
SIDC CPE points: 10 CPE points
Learning Outcome
Upon completion of the above programme, participants will be able to:
- Recognize the importance for Reporting Institutions in moving from KYC – Rule Based Approach to KYC- Risk Based Approach in mitigating the risk of money laundering and terrorism financing in the financial market.
- Identify various changes in modus operandi / pattern in AML/CFT risk and the need to enhance regulations to improve monitoring, detection & reporting suspicious transactions.
- Analyze the impact of non-compliance and the need to balance between business & compliance towards satisfying regulators expectations.
Course Content
LATEST ISSUES ON MONEY LAUNDERING
LATEST ISSUES ON TERRORISM FINANCING
INTERNATIONAL REGULATIONS ON AML/CFT
ANTI-MONEY LAUNDERING, ANTI TERRORISM FINANCING & PROCEEDS OF UNLAWFUL ACTIVITIES ACT 2001 (AMLA 2001)
BNM/SC REQUIREMENTS IN AML/CFT GUIDELINES
REVIEW OF REPORTED AMLA 2001 CASES