Masterclass in Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT)

Overview
Programme Outline
Methodology
Participant Profile
Trainer

Overview

PROGRAMME DETAILS
DATE
28 - 29 November 2022
TIME
9:00 AM – 5:00 PM
VENUE
Face-to-face training
The Masterclass in Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) is designed for middle to senior level officers and managers looking to deepen their understanding of the complexities surrounding AML/CFT today.

This masterclass is a comprehensive programme, covering a wide range of AML/CFT topical issues. Participants will gain knowledge and understanding of AML/CFT guidelines in Malaysia, its functions as well as industry specific case studies in facilitating discussions.
LEARNING LEVEL
Intermediate
PROGRAMME FEE
AICB MEMBER
MYR
1,800*
/ PAX
NON-MEMBER
MYR
2,000*
/ PAX
*Subject to 6% Service Tax
RegisTER NOW
Programme Outline
LEARNING OBJECTIVES
By the end of the programme, participants will be able to:

Analyse and apply the work processes for Money Laundering and Terrorism Financing
Apply the ‘Know Your Customer Policy’ (KYC) and Customer Due Diligence (CDD), Enhanced Customer Due Diligence (ECDD), RBA and reporting of STR
State the responsibilities of Reporting Institutions (RIs) under AMLATFPUAA 2001 BNM Guidelines and understanding the standards of International bodies on AML/CFT
Distinguish the different supporting regulations, in-depth discussion on the law enforcement agencies’ (LEAs’) roles and case reviews
Relate the typological trends in AML/CFT
PROGRAMME OUTLINE
Money Laundering and the Financing of Terrorism
Definition and background to money laundering and terrorism financing
Stages of money laundering and terrorism financing
Various techniques used to launder illegitimate income and terrorism financing

International Legal Framework and Standards on AML/CFT
Role of leading international organisations, regulations and agencies
Global AML/CFT developments

AMLATFPUAA 2001
Anti-Money Laundering Laws in Malaysia
AML/CFT obligations and their impact on operations for Sector 1 – 6
Anti-Money Laundering measures in the Labuan International Business and Financial Sector
The nature of predicate offence as a serious offence or a foreign serious offence
Regulatory framework and the scope of investigation, freezing, seizure and forfeiture of assets

AML/CFT Guidelines and Regulatory Framework
AML/CFT policies issued by Bank Negara Malaysia, Securities Commission (SC) and Labuan Financial Services Authority (LFSA)
Important components under Risk-Based Approach
(RBA) and level of due diligence applied under various risk levels
Importance of identifying the higher risk customers and applying higher level of monitoring
Enforcement agencies actions and reporting obligations
KYC Policy: Importance and Implementation
Customer Due Diligence (CDD), Enhanced Customer Due Diligence (ECDD)
Ongoing CDD
Ultimate Beneficial Owner

Suspicious Transaction Report (STR)
Reporting mechanisms
Triggers for submission of suspicious transactions based on irregularity of transaction patterns or customer’s behaviour
Report submission and the repercussion of Tipping Off

Implication of Non-Compliance in AML/CFT
Various types of risk
Impact of non-compliance of AML/CFT to the Reporting Institutions (RIs) and country

Sanctions
Common and specific features of the various sanctions regime
Sanctions and countermeasures
Case studies

ML/TF Typologies
Recent and emerging typologies in money laundering and terrorism financing activities
Methodology

Industry practitioner-led workshop with lecture, discussions and case studies
Participant Profile
WHO SHOULD ATTEND
All staff of AML/CFT Compliance and Financial Crime Officers
Managers with responsibility for Internal
Compliance Controls, Business and Relationship Management
Government-Linked Companies (GLCs), State Owned Companies and Registered Persons
Audit Staff, Accountants, Company Secretaries and Legal Practitioners
Digital Currencies and Fintech Developers/Operators
All Reporting Institutions staff under AMLA 2001 First Schedule
REQUIREMENTS
• Officer and managers dealing with AML/CFT matters
• Have the ability to complete the reading and written aspects of the programme in English
• Have relevant qualifications in the related area (optional but an added advantage)
Trainer

AAZAD ANANTHAN
Aazad Ananthan has 23 years of working experience in foreign banks including in Labuan offshore banks. During his tenure as a Trade Finance Manager at several banks in Labuan, he was responsible for overseeing the project to set up their Trade Finance Department and SWIFT payment system. Later, while heading the Compliance Department in these banks, he also managed the implementation of policy and procedures pertaining to the overall trade finance operations and compliance.

Aazad holds a Bachelor of Jurisprudence (Law) from Universiti Malaya (UM), a Bachelor of Business Administration from Universiti Utara Malaysia and a Master of Commercial Law at University Malaya. He has an Advanced Certification in AML/CFT jointly awarded by the Asian Institute of Chartered Bankers and International Compliance Association in collaboration with the University of Manchester Business School; and Certified Integrity Officer (CeIO) qualification awarded by MACC Academy. Aazad specialises and delivers training in the subjects of anti-money laundering/ counter-financing of terrorism, sanctions compliance, anti-bribery/corruption (ABC) and provides consultancy work related to AML/CFT policy and procedures for the financial industry. He is a Senior Consultant and Integrity Officer at the Asian Banking School and is also a HRDF certified trainer.

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