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Certificate in Anti-Money Laundering & Counter Financing of Terrorism (AML/CFT)
  • Overview
  • Training Methodology
  • Programme Outline
  • Participant Profile
  • Lecturers
  • Overview

    DATE

    Workshop Group 1: 27 Feb 2023 - Registration is closed
    Workshop Group 2: 28 Feb 2023 - Registration is closed
    Workshop Group 3: 1 Mar 2023 - Registration is closed
    Exam : 6 May 2023

    TIME

    9:00 am – 5:00 pm (workshop)
    9:00 am – 11:00 am (exam)
    HRDC PROG NO
    10001264590
    Today’s world has seen an unprecedented acceleration in money laundering and terrorism financing (ML/TF) threats. In fact, there are new strategies in facing ML/TF threats, some much more complex than we realise.

    AML/CFT certification is an essential part of compliance training. Getting updated in the latest regulations and acquiring the ability to spot ML/TF is the most effective way to protect financial institutions and its assets from being a conduit for illegal activities. Through this programme, participants will get to know the trends in ML/TF and understand their role in complying with all the laws and regulations in order to keep their business up to date with the latest developments.
    PROGRAMME FEEs*

    MYR

    3,500

    *Fee shown includes the workshop and exam fees, and is subject to 6% Service Tax.

    This programme is in collaboration with & jointly awarded by the Electronic Money Issuers Compliance Officer Networking Group.

    It is exclusively for Electronic Money Issuers industry participants only.

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  • Training Methodology

    LEARNING OBJECTIVES

    After the completion of this programme, participants will better understand how to carry out specific tasks such as on-boarding customers, risk assessment, adhering to regulatory guidelines and international standards, filing suspicious transaction reports and identifying the evolving ML/TF typologies.
    By the end of the programme, participants will be able to:


    • Understand money laundering (ML), terrorist financing (TF) and proliferation financing (PF) characteristics and the associated processes and methodologies used as countermeasures
    • Outline and explain a range of methods/typologies in ML and TF activities and gain further insights into emerging and continued trends
    • Understand a range of international frameworks, standard and guidelines that have been developed to assist the management of ML, TF and PF issues and role of Compliance Officer as second line of defense
    • Demonstrate the understanding on how Know Your Customer checks and risks evaluation is applied in practice by Reporting Institutions (RIs)
    • Describe the reporting obligations of Reporting Institutions (RIs), the potential consequences of non-compliance and the investigation powers of Law Enforcement Agencies under AMLA

    PROGRAMME FORMAT

    • This 1-day programme will be delivered via face-to-face workshop
    • Participants will then sit for the exam to complete the programme
    • A comprehensive programme manuscript will be provided
    • Blended learning (self-study with a comprehensive course manuscript and e-learning platform)
    • All learning and assessments are conducted in English
    • Assessment : 80 MCQs (multiple-choice questions)
  • Programme Outline
    INTRODUCTION TO MONEY LAUNDERING, TERRORISM FINANCING AND PROLIFERATION FINANCING
    • Define ML/TF/PF and describe the processes and common methodologies used to disguise exploitation of the financial system
    • Explain on the negative effects of ML
    • Differentiate between ML/TF/PF
    • Describe with practical cases relating to ML/TF/PF

    FINANCIAL CRIMES: TRENDS & DEVELOPMENTS
    • Identify trends and developments of financial crimes
    • Understand a range of techniques used to launder illicit funds through financial system
    • Understand how funds are laundered through professional enablers

    INTERNATIONAL FRAMEWORKS, STANDARDS AND GUIDELINES FOR ANTI-MONEY LAUNDERING, COUNTERING FINANCING OF TERRORISM AND PROLIFERATION FINANCING
    • Understand how international and regional bodies’ AML/CFT initiatives influence reporting institutions
    • Describe the application of Malaysia’s AML/CFT legislations, regulations and guidelines by reporting institutions.
    • Interpret the enforcement powers of Law Enforcement Agencies (LEAs) under AMLA
    • Explain on predicate offence, implementation of domestic coordination and sanctions application
    • Role of Compliance Officer as second life of defense

    MONEY LAUNDERING / TERRORISM FINANCING RISK ASSESSMENT AND KNOW YOUR CUSTOMER CHECKS
    • Relate the various AML/CFT risks and its impacts
    • Understand the relationship between compliance programme processes and procedures, and the overarching approach to risk management
    • Explain how a range of AML/CFT compliance programmes are implemented in Reporting Institutions
    • Describe UBO through shareholding ownership

    REPORTING OBLIGATIONS, INVESTIGATIONS POWERS AND ORDERS OF LAW ENFORCEMENT AGENCIES
    • Understand the procedures for Cash Threshold Report (CTR) and Suspicious Transaction Report (STR)
    • Recognise suspicious activity and define suspicion
    • Define the process of internal and external reporting
    • Understand the responsibilities and roles of the Compliance Officer or Money Laundering Reporting Officer
    • Explain the reporting obligations of RIs under Part IV of AMLA
    • Explain the investigation and orders under Part V of AMLA by LEAs
  • Participant Profile
    • Compliance officers
    • Other control function staff
  • Lecturers

    Aazad Ananthan Abdullah

    Aazad Ananthan Abdullah has 27 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 (Malaya), a Bachelor of Business Administration from Universiti Utara Malaysia and Master of Commercial Law (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) awarded by Malaysia Anti-Corruption Academy (MACA).

    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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