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Sanctions Compliance Framework: Managing Risk Assessment and its Impact
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainer
  • Overview
    Programme Details
    Date
    27 June 2024
    Time
    9:00 AM – 5:00 PM
    Venue
    Asian Banking School
    HRDC PROG NO
    10001355936
    This one-day programme will provide participants with an understanding and analysis of the sanctions regime including the failures of financial institutions and global firms around the world in breaching sanction rules. Leveraging on group-based activities and using case examples/ common regulatory/audit findings, the programme will also provide participants the ability to leverage on industry-wide best practices in adhering/ managing sanctions risk.
    Learning Level
    Advanced
    Programme Fees*

    AICB MEMBER

    MYR

    1,900

    / PAX

    NON-MEMBER

    MYR

    2,200

    / PAX

    *Subject to 6% Service Tax

  • Objectives & Outline
    LEARNING OBJECTIVES
    By the end of the programme, participants will be able to:
    • Interpret what sanctions are, categories of sanctions, the objectives of sanctions and the international framework of sanction regime
    • Analyse the key sanctions requirements under the governing legislations in Malaysia and obligations as reporting institutions under the AMLATFPUAA 2001, institution subject to sanction requirements under Strategic Trade Act 2010 and regulated entities under the Central Bank Act 2009
    • Assess the main sanctions risks and control factors essential for robust sanction governance framework
    • Elaborate on the managing sanctions lists and screening management
    • Evaluate the vulnerability of their institutions to fines and penalties for breaches violation of sanction requirements
    PROGRAMME OUTLINE

    Background of Economic Sanctions and Targeted Financial Sanctions Regime (TFS)
    • What are sanctions and what are they designed to achieve
    • Why are sanctions important
    • TFS on terrorism financing, proliferation financing, multilateral, unilateral and country sanctions

    International Context and Primary Sanctions International Framework
    • United Nations Security Council resolutions
    • FATF – Recommendations 6 and 7
    • EU regulations & national governments sanctions
    • Export-control laws and its relationship with economic sanctions

    Malaysia’s Sanction Regime
    • AMLATFPUAA 2001
    • Strategic Trade Act 2010
    • Central Bank of Malaysia Act 2009
    • BNM Policy Documents & other relevant regulations
    • Sanctions Governance Framework
    • Roles and responsibilities
    • Policies and procedures
    • Culture of compliance
    • Customer due diligence

    The Costs of Getting It Wrong
    • Case studies of non-compliance actions taken on financial institutions for violation of sanction rules

  • Methodology
    Lecture, discussions, class activities and infographics
  • Participant Profile
    Operations, business, correspondent banking and compliance staff
  • Trainer

    Aazad Ananthan

    Aazad Ananthan Abdullah is a trainer, consultant and compliance practitioner. He comes with 27 years of working experience in various international banks including Labuan offshore banks and premier training institute for financial institutions.

    Aazad graduated with a Bachelor of Jurisprudence from Universiti Malaya (Malaya), Bachelor of Business Administration from Universiti Utara Malaysia and Master of Commercial Law, Malaya. He has an Advanced Certification in Anti-Money Laundering jointly awarded by the Asian Institute of Chartered Bankers (AICB) and International Compliance Association in collaboration with University of Manchester Business School, UK, Certified Integrity Officer (CeIO) awarded by Malaysia Anti-Corruption Academy (MACA); and holds a Certificate in Sustainable Finance awarded by United Nations Institute for Training and Research (UNITAR).
    Aazad specialises and delivers training in the subjects of financial crime, anti-money laundering, international sanctions, ultimate beneficial ownership, anti-bribery/corruption (ABC) and is a HRDC certified trainer. In 2022, he presented in a forum on “Managing Compliance Risks: e-Know Your Customer” jointly organised by the Regulatory Commission of Mongolia and Financial Education HUB.

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