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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

    Group 1 : 15 – 16 March 2021 - Registration closed
    Group 2 : 16 – 17 August 2021
    Group 3 : 6 – 7 December 2021

    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

    TRAINING METHODOLOGY

    Industry practitioner-led workshop with lecture, discussions and case studies

    PROGRAMME FORMAT

    • Two-day face to face workshop
    • A Certificate of Attendance will be awarded upon completion of the Masterclass in AML/CFT 
    • This Certificate of Attendance enables the candidate to apply for the AICB’s certification programme; Certified Anti-Money Laundering & Counter Financing of Terrorism Compliance Officer (CAMCO)

  • 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

    YUNOS YUSOP

    Yunos Yusop is currently the Money Laundering Compliance Officer and Group Head of AML/CFT Compliance at a Malaysian bank. He has had over 20 years of experience in the financial industry, which includes working on Risk Management projects with Bankers Trust of London (BT), Arthur Anderson, AT Kearny and other major consultation firms. He has also gained extensive experience managing and combating internal and external fraud while working with a Retired Deputy Director of CID of the Royal Malaysian Police. He had experience in setting-up the Group AML/CFT office for a leading universal banking group, served with a Fraud Intelligence Department & Forensic Services and was a former Head of Compliance and Head of AML/CFT for a foreign bank in Malaysia.

    Yunos holds a B.Economic (Hons), B.Jurisprudence (Law), an MBA (Finance) from Ecole Superieure de Gestion, Paris and holds a Certificate in Internal Auditing for Financial Institutions (CIAFIN) as well as an Advanced Certification in AML/CFT, specialist certificate in Money Laundering Risk in Correspondent Banking and Managing Sanctions Risk and Certified Professional AML/CFT (Manchester). Yunos is a Member of the International Compliance Association, Associate Member of Asian Institute of Chartered Bankers (AICB) and Associate Member of the Malaysian Association Certified Fraud Examiners. He is also a Certified Professional Trainer (Malaysian Institute of Management) and Train The Trainer (HRDF) Malaysia. He is a Research Fellow of the Institute of Crime and Criminology, HELP University and moderates AML/CFT Module in MSc in Economic Crime Management, served as Deputy Chairman to the Compliance Officers Networking Group (CONG) in 2017 and former Director of Training for Malaysian Association Certified Fraud Examiners (MACFE) and EXCO Member for Transparency International Malaysia.

    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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