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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

  • 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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