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Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001: Know Your Customer and Compliance
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Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001: Know Your Customer and Compliance
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainers
  • Overview
    PROGRAMME DETAILS

    DATE

    5 – 6 June 2017  Registration is closed

    14 – 15 November 2017

    TIME

    9:00 AM – 5:00 PM

    VENUE

    Asian Banking School

    SIDC CPE

    10

    CPE Points
    This programme gives sound insight into compliance requirements under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001) and Bank Negara Malaysia Standards and Guidance. Participants will be able to conduct Customer Due Diligence and Enhanced Customer Due Diligence, recognize suspicious transactions of money laundering and the financing of terrorism and comply with internal reporting requirements, in line with AMLATFPUAA 2001.

    LEARNING LEVEL
    Intermediate
    PROGRAMME FEE*

    AICB MEMBER

    MYR

    2,000

    / PAX

    NON-MEMBER

    MYR

    2,400

    / PAX

    *inclusive of GST 
  • Objectives & Outline
    LEARNING OBJECTIVES
    Upon completion of the programme, participants will be able to: 

    • Identify the risks and opportunities for money laundering arising from conventional, Islamic, electronic and internet banking

    • Apply the ‘Know Your Customer Policy’ and conduct Customer Due Diligence and Enhanced Customer Due Diligence and identify suspicious transactions of money laundering and financing of terrorism

    • State the responsibilities of banks and other financial institutions and their employees in compliance with the AMLATFPUAA 2001; and the consequences of non-compliance

    • Enhance compliance programme effectiveness
    PROGRAMME OUTLINE
    Definition of Money Laundering  

    • Common practices & conduits of money launderers
    • Nature of offence of money laundering

    AMLATFPUAA 2001 

    • Preliminary
    • Money laundering offences
    • Financial intelligence
    • Reporting obligations
    • Investigation
    • Freezing, seizure and forfeiture
    • Miscellaneous

    Ensuring compliance of the AMLATFPUAA 2001 

    • Legal obligations under the AMLATFPUAA 2001 and the Standards and Guidelines thereunder

    Managing ML risks 

    • ‘On the job’ risk management measures
    • Customer’s Identification & Acceptance Policy-best practices & vigilance measures
    • ‘CDD’ Policy - Practice & extent
    • Enhanced CDD
    • Dealing with PEPs and others
    • Risk Profiling/Risk based Approach to recognizing suspicious transactions
    • High risk products
    • High risk customers
    • High risk transactions
    • High risk place of origin
    • High risk circumstances
    • Transactions monitoring

    Recent cases and updates on the latest AML/CFT development 

    • Including the 2012 Revised FATF Recommendations
  • Methodology
    Lectures and Discussions; Questions & Answers
  • Participant Profile
    Compliance Officers and their assistants, officers, managers and above
  • Trainers

    DATIN DR LEE MEI PHENG

    Datin Dr Lee, presently a senior partner, banking law consultant and practitioner in one of the most established law firms in Sarawak, Detta Samen & Co Advocates. She is an Advocate & Solicitor of the High Court in Malaya and an Advocate of the High Court in Sabah & Sarawak.
    Datin Dr Lee holds a Doctor of Philosophy (Laws), University of Liverpool, England, specialising in Banking and Finance Law and her PHD research was on banking frauds.
    Datin Dr Lee holds an LLB First Class Honours degree from the University of Malaya, and since the year 2000, is an Adjunct Associate Professor, Faculty of Law at the Bond University, Queensland, Australia. Datin Dr Lee resides in the Gold Coast in Australia, having been granted the Distinguished Talent Visa from the Australian Government in 2006. She lectures post-graduate law subjects in Australia on various areas of International Banking and Electronic Banking Law subjects. Having lectured in Australia for more than twelve years, she has been appointed and accorded the following:

    • Fellow, Financial Services Institute of Australasia, Australia 
    • Fellow, Tim Fischer Centre for Global Trade & Finance, Australia 
    • Member, Law Advisory Board, Bond University, Australia
    In Malaysia, Datin Dr Lee enjoys a long-term relationship with AICB. She was one of the first to be awarded Associate Fellow, Institute of Bankers, Malaysia; having served as chief examiner for law subjects since 1985 and is recognised for her vast contributions in publishing, examinations and training for AICB for more than twenty-seven years.
    Besides the above distinguished accomplishments, Datin Dr Lee also comes with tremendous relevant experience. Besides her continuing law practice, she has been a Fellow of the Law Faculty, University of Malaya in Kuala Lumpur and served in a foreign bank, OCBC Bank in Malaysia as Head of Legal Department and Assistant Vice President, Kuching Branch, Borneo for ten years. Since 1984, Datin Dr Lee is now a Leading Consultant and Lecturer for banks and financial institutions, regulators, large corporations locally and internationally on many areas of banking and finance laws, Islamic banking and finance law, frauds, anti-money laundering and anti-terrorism financing, banking operations, credit, offshore banking, regulations and compliance. She lectures internationally and is presently a Course Director of EUROMONEY Training in Hong Kong.
    Her many other professional contributions include being a consultant, commissioned author and editorial reviewer and specialist for LexisNexis, AICB and Oxford publications related to Banking Law and Practice and Banking and Finance statutes, an External Assessor for Business law and Company Law, Wawasan Open University, Penang, Malaysia and author of many publications.

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