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Trade-Based Money Laundering and Financing of Terrorism
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Trade-Based Money Laundering and Financing of Terrorism
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainer
  • Overview
    PROGRAMME DETAILS

    DATE

    23 – 24 April 2018

    TIME

    9:00 AM – 5:00 PM

    VENUE

    Asian Banking School

    SIDC CPE

    10

    CPE Points
    This is an advanced workshop on Combating Trade-Based Money Laundering and Financing of Terrorism
    LEARNING LEVEL
    Advanced
    PROGRAMME FEE*

    AICB MEMBER

    MYR

    2,500

    / PAX

    NON-MEMBER

    MYR

    3,000

    / PAX

    *inclusive of GST
  • Objectives & Outline
    LEARNING OBJECTIVES
    By the end of the programme, participants will be able to:
    • Understand and identify the risks and vulnerabilities of a banks’ trade systems being misused and abused by Trade-Based Money Laundering and Financing of Terrorism (TBML/FT)
    • Attain enhanced understanding of TBML/FT 
    • Stay current on emerging schemes and updated TBML/FT technology 
    • Improve abilities to tackle the risks and to combat TBML/FT
    PROGRAMME OUTLINE
    The International Trade System
    • Definition and nature of Trade-Based Money Laundering 
    • The problem internationally and why it is important to combat TBML/FT 
    • Inherent vulnerabilities 
    • Methods and trends 
    • Analysis of techniques and TBML/FT schemes 
    • Challenges and concerns 

    Detecting and Mitigating TBML/FT Risks
    • Identifying suspicious activities related to trade transactions 
    • Detection in a risk-based manner 
    • TBML/FT typologies and red flag indicators  
    • New and emerging trends and patterns  
    • Case studies 

    Workshop
    • How TBML/FT works  
    • Identifying suspicious and unusual activities related to trade transactions

    Legal Framework and International Standards
    • Key laws in the United States – Bank Secrecy Act, Money Laundering Control Act and the Patriot Act 
    • Role of leading international organizations, regulators and agencies 
    • Global TBML/FT programme 
    • Best Practices on Trade-Based Money Laundering 
      • FATF’s best practices paper & recommendations 

    Combating TBML/FT in the Handling of Trade Finance Activities
    • Bank’s system, policies, procedures and processes 
    • Managing risks associated with trade finance activities 
    • Identifying suspicious or unusual activities 
    • Monitoring trade finance activities 
    • Reporting suspicious activities 
    • Meeting CDD, record keeping, monitoring and reporting obligations 
    • Providing AML training to bank’s global trade services departments and personnel 
    • Bank’s role and responsibilities in tackling TBML/FT and the way forward

    Workshop
    • Incorporating Best Practices into the Bank’s AML/CFT Compliance Programme  
    • Developing and Enhancing the Bank’s AML/CFT Compliance Programme to manage the risks of and to combat TBML/FT
  • Methodology

    Lectures and workshop-styled discussions

  • Participant Profile
    Senior management, compliance officers, credit officers in business, corporate banking and finance, business lines, regulators and supervisors
  • Trainer

    Datin Lee Mei Pheng

    Datin Dr Lee is presently a senior partner, banking law consultant and practitioner at Detta Samen & Co Advocates, one of the most established law firms in Sarawak. She is an Advocate and Solicitor of the High Court in Malaya and an Advocate of the High Court in Sabah and Sarawak. Besides her continuing law practice, she is a Fellow of the Law Faculty, University of Malaya in Kuala Lumpur and had served at OCBC Bank in Malaysia as Head of their Legal department and Assistant Vice President, Kuching Branch in Sarawak for ten years. Since 1984, she has been a leading consultant and lecturer for banks and financial institutions, regulators, large corporations locally and internationally in many areas of banking and finance laws, Islamic banking and finance law, fraud, anti-money laundering and anti-terrorism financing, banking operations, credit, offshore banking, regulations and compliance. She lectures internationally and is presently a Course Director for EUROMONEY Training in Hong Kong.

    Datin Dr Lee holds a Doctor of Philosophy (Laws) from the University of Liverpool, England, specialising in Banking and Finance Law, and her PHD research was on banking fraud. She holds an LLB First Class Honours degree from the University of Malaya, and since the year 2000, has been an Adjunct Associate Professor, Faculty of Law at the Bond University, Queensland, Australia. Datin Dr Lee resides in the Gold Coast in Australia and lectures post-graduate law subjects in that country on various areas of International Banking and Electronic Banking Law subjects. She is a Fellow of the Financial Services Institute of Australasia and Tim Fischer Centre for Global Trade & Finance, as well as a Member of the Law Advisory Board, Bond University, Australia.
    She was one of the first to be awarded an Associate Fellow of the Institute of Bankers, Malaysia (now known as Asian Institute of Chartered Bankers or AICB); having served as chief examiner for law subjects since 1985 and in recognition for her vast contributions in publishing, examinations and training for AICB for more than twenty-seven years. 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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