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Financial Services Act 2013 & BNM Guidelines: The Law & Compliance
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Financial Services Act 2013 & BNM Guidelines: The Law & Compliance
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainers
  • Overview
    PROGRAMME DETAILS

    DATE

    24 October 2017

    TIME

    9:00 AM – 5:00 PM

    VENUE

    Asian Banking School

    SIDC CPE

    10

    CPE Points
    To regulate the financial service providers, Financial Services Act 2013 (FSA) was introduced to ensure that bankers operate within the laws/regulations and not abuse the banking system. This course will describe the legislative restrictions and requirements imposed under FSA and BNM Guidelines. In addition, the course covers practical examples of penalties imposed on employees in the banking industry for non-compliance.

    Participants will be shown how to distinguish the purpose and application of FSA and Bank Negara Guidelines in safeguarding the interest of financial institutions. Participants will also gain knowledge on the full extent of Bank Negara Malaysia powers of control and regulating the financial service providers.
    LEARNING LEVEL
    Intermediate
    PROGRAMME FEE*

    AICB MEMBER

    MYR

    1,100

    / PAX

    NON-MEMBER

    MYR

    1,400

    / PAX

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

    • Describe the legislative restrictions and requirements imposed on financial institutions under the FSA and penalties for non-compliance
    • Distinguish the purpose and application of these provisions in safeguarding the interest of financial institutions
    • Gain full knowledge of the extent of Bank Negara Malaysia’s powers of control and how they regulate the financial service providers
    PROGRAMME OUTLINE
    • Introduction to the Financial Services Act 2013
    • Illegal Deposit Taking 
    • Limitation in the Finance Minister’s Powers 
    • Duties of Secrecy & Permitted Disclosure 
    • Corporate Governance & Transparency Requirements 
    • Ownership, Control & Transfer of Business 
    • Financial Groups 
    • Offences Relating to Entries in Books & Documents
    • Business Conduct, Complaints, Disputes etc
    • Restriction of Credit Facilities to a Single Counterparty  
    • The Full Extent of BNM’s Powers of Supervision, Investigation, Search, Seizure & Prosecution for Offences
    • Non-Compliance  
    • Prohibited Conduct in the Money Market & Foreign Exchange Market
    • Direction of Compliance by BNM and its Powers to Issue Guidelines
    • Credit Transactions and Exposure with Connected Parties
    • BNM’s Code of Ethics & its Relevance
  • Methodology
    Combination of lectures, exercises and case studies to ensure that the participants derive the maximum learning benefit
  • Participant Profile
    All employees of financial institution who are interested in the mechanism of Financial Services Act 2013 and relevant BNM Guidelines
  • Trainers

    VIJAYARAJ R KANNIAH

    Vijayaraj R Kanniah, is currently the Managing Partner of Messrs Sheila Hussain Vijay & Partners, a law firm specialising in banking. He is also the Managing Director and Principal Trainer at Visioon Business Solutions Sdn Bhd. Vijayaraj is an Advocate & Solicitor with the High Court of Malaya and remains active as a legal consultant, practitioner and trainer in the areas of credit, banking operations, corporate governance, anti-money laundering and anti-terrorism financing, and other legal compliance areas with various banks, financial service providers, enforcement agencies and corporations within the region.

    Vijayaraj holds a Master of Law (LLM) from the University of Malaya and three degrees, namely, Bachelor of Law (LLB) from the University of London, Bachelor of Social Science from the University of Science, Malaysia and ICSA from the Malaysian Institute of Chartered Secretaries & Administration. He also holds an Advanced Certification in AML/CFT jointly awarded by the Institute of Bankers Malaysia and International Compliance Association, in collaboration with the University of Manchester Business School.

    Vijayaraj was formerly a banker for 12 years with extensive exposure in banking operations, commercial and corporate lending. He was a former tutor with the Open University of Malaysia for their undergraduates and a former national and state sportsman.

    A double scholar of Malayan Banking Berhad and Malaysian Hockey Confederation, he remains an active member of the Malaysian Bar Council, Asian Institute of Chartered Bankers, Malaysian Institute of Chartered Secretaries and Administrations, Malaysian Insurance Institute and International Compliance Association. 

    He also holds a number of professional qualifications which includes a Certificate in Legal Practice, Certified Credit Professional, Certified Credit Professional – Islamic, Certificate in Life Insurance and Investment Link.

TESTIMONIALS
FINANCIAL SERVICES ACT 2013 & BNM GUIDELINES: THE LAW & COMPLIANCE
"TRAINER EXPLAINS IT IN A HUMOROUS WAY AND HIS EXPLANATION ENABLES QUICK UNDERSTANDING OF THE SUBJECT. THE COURSE DOES NOT FEEL DRY."
  
"IN DEPTH UNDERSTANDING OF THE COURSE; SUPPLEMENTARY TO REGULATORY COMPLIANCE COURSE. IT DEEPENS THE KNOWLEDGE OF MALAYSIAN REGULATORY UNDERSTANDING."
PARTICIPANTS,
Asian Banking School (ABS)

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