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Foreign Exchange (FE) Policy: Inculcating a Culture of FE Policy Compliance
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Pre-Requisite
  • Trainers
  • Overview
    PROGRAMME DETAILS

    DATE

    26 August 2021 - Registration closed

    (Asian Banking School will close the registration earlier than the stipulated closing date when the registered participants has reached 30 pax)

    DURATION

    9.00am – 5.00pm

    TRAINING PLATFORM

    Microsoft Teams
    Foreign Exchange Policy (FEP) is part of Bank Negara Malaysia’s broad prudential toolkit to preserve monetary and financial stability.

    As the FEP becomes increasingly risk-based, it is important for financial institutions to adopt a dual-track approach in ensuring robust FEP compliance culture.

    First, banks shall instil strong FEP awareness among their staff as a preventive strategy to avoid non-compliance in the first place. This includes staff’s comprehensive understanding of FEP to ensure reasonable compliance whilst implementing industry-wide standards as outlined in the Minimum Due Diligence (MDD).

    Second, banks shall undertake swift remedial measures to report non-compliance in a transparent manner and address the weakness in a decisive manner. Banks must understand the ramifications of these non-compliances that include administrative or enforcement action.

    This programme aims to familiarise bankers with the more common instances of non-compliance that could occur within the banks. Participants are expected to gain a more holistic view of FEP compliance principles that include both preventive and corrective measures.
    LEARNING LEVEL

    Advanced

    PROGRAMME FEE

    AICB MEMBER / NON-MEMBER

    MYR

    1,000*

    / PAX

    *Subject to 6% Service Tax

  • Objectives & Outline
    LEARNING OBJECTIVES
    By the end of the programme, participants will be able to:

    • Analyse potential factors leading to non-compliance with FE policies
    • Advise on the appropriate and practical due diligence procedures as practiced by the industry to ensure continuous compliance


    PROGRAMME OUTLINE
    Overview of onshore banks’ FEP compliance culture:
    • Principles on preventive (awareness) & remedial measures
    • Roles of onshore banks & MDD
    • Directions to Financial Institutions: Requirements for submission of report on non-compliances

    Common factors leading to non-compliances: Looking at the potential indicators

    Analysis of non-compliances cases within banking institutions
    • Case 1
    • Case 2
    • Case 3
    • Case 4

  • Methodology

    • Group discussion and presentation of case studies (by participants)
    • Detailed explanation of the cases by trainer/presenter

    Programme structure
    Actual anonymised cases of non-compliances in FE Policies are the principal source of learning. During the programme, participants will elaborate the applicable FE rules, analyse the given case studies, present/discuss their assessments on those cases with other participants.

    Technical Requirements
    • Desktop, notebook or tablet with camera, speaker and microphone
    • Internet access
    • Conference platform: Microsoft Teams

  • Participant Pre-Requisite
    • Head of Department – Global Markets & Treasury, Regulatory Compliance, Internal Audit, Branch Supervision
    • Senior Managers / Officers of Regulatory Compliance, Internal Audit, Branch Supervision/ Regulatory/Compliance (including Branch Operations Manager)

    Participant Pre-requisite:

    Participants shall
    • have at least 5 years of solid working experience in handling Foreign Exchange Policy related banking transaction
    • possess good and sound understanding on the overall FE policy including the MDD procedures

  • Trainers

    Trainers from FEP Department, BNM:

    1. Chew Chern-I, CB, Senior Analyst
    2. Muhammad Herman Rawi, Analyst
    3. Nur’ain Farhanah Badioezaman, Analyst


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Programme Details
FULL NAME
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Nationality
Email
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Company Name
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(If applicable, please fill in your FMAM (PPKM) membership number here)
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