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Understanding Foreign Exchange Policy and Its Application in Banking Transactions
  • Overview
  • Objectives & Outline
  • Methodology
  • Participant Profile
  • Trainer
  • Overview
    Programme Details
    Date
    4 – 5 March 2024
    Time
    9:00 AM – 5:00 PM
    Venue
    Asian Banking School
    HRDC PROG NO
    10001222028
    Foreign Exchange (FE) Policy is part of broad prudential toolkits that generally aim to preserve Malaysia’s monetary and financial stability. The policy has become a ‘compliance-focused area’ among financial institutions in Malaysia and bank officers are to have comprehensive understanding of the policy to ensure reasonable compliance and are able to adopt market standards in the due diligence process.

    This two-day programme will explain the rules within the FE Policy and how they are being applied in banking transactions. All 7 Notices in the policy will be covered including the Directions to Financial Institutions and Minimum Due Diligence. Quizzes and case studies will also be incorporated to reinforce the learning.
    Learning Level
    Foundation
    Programme Fees*

    AICB MEMBER

    MYR

    2,400

    / PAX

    NON-MEMBER

    MYR

    2,700

    / PAX

    *Subject to 8% Service Tax

    Register Now
  • Objectives & Outline
    LEARNING OBJECTIVES
    By the end of the programme, participants will be able to:
    • Interpret key rules of the FE policy
    • Apply respective rules in banking transactions
    • Undertake appropriate due diligence measures to ensure compliance
    PROGRAMME OUTLINE
    Overview of Foreign Exchange (FE) Policy
    • FE Rules by Balance of Payment components
    • Balancing between the benefits and costs of capital flows
    • FE Rules by Legal Notices
    • Laws applicable to the FEA Rules
    • FE rules of neighboring countries

    Directions to Financial Institutions
    • General operational requirements
    • Requirements for submission of report on breaches and non-compliances

    Understanding the Structure and Rules of FE Policy
    • 4Ws Approach
    • Activity / Discussion

    Key terminologies in FE Policy
    • Resident & non-resident, Labuan entities, group of entities, parent-subsidiary relationships etc

    Hedging of currency and dealings in gold and precious metal (Notice 1)
    • Key pointers
    • Related definitions
    • Dealings in currency by Resident: buying & selling of foreign currency against the Ringgit
      • Own account transaction
      • Dynamic hedging framework for institutional investors
      • Transaction on behalf of related entities or clients
    • Dealings in currency by non-resident: buying & selling of foreign currency against the Ringgit
      • Own account transaction
      • Dynamic hedging framework for institutional investors
      • Transactions on behalf of related entities or clients
    • Appointed overseas office framework
    • Buying and selling of foreign currency against another foreign currency by residents and non-residents
    • Dealings in gold and other precious metals
    • Foreign Currency Trading
    • Case Scenarios

    Obtaining and Extending of Borrowing and Guarantee (Notice 2)
    • Key pointers
    • Related definitions
    • Borrowing by resident individual, sole proprietor, partnership and entity in :
      • Ringgit from non-resident
      • Foreign currency from resident and non-resident
    • Borrowings by non-residents in Ringgit and foreign currency
    • Exchange of debts
    • Financial & non-financial guarantee
    • Case Scenarios

    Investment in Foreign Currency Assets (Notice 3)
    • Key pointers
    • Classifications of investment transactions
    • Investment in foreign currency asset by
      • resident individual, sole proprietor and partnership
      • resident entity
      • resident intermediaries
    • Case Scenarios

    Payments, Receipts and Account Operations (Notice 4)
    • Key pointers
    • Related definitions
    • Payment and receipts for approved transactions
    • Payment involving Specified Persons and Restricted Currency
    • Payment/receipts in Ringgit between:
      • a non-resident and resident
      • non-residents
    • Opening and maintaining of Ringgit account by non-resident
    • Management of Ringgit Assets by NR Financial Institution or NR Intermediary
    • Payment/receipts in Foreign Currency between:
      • residents
      • resident & non-resident
    • Opening and maintaining of foreign currency accounts
    • Case Scenarios

    Issuance of Securities and Financial Instruments (Notice 5)
    • Issuance of Security and Islamic Security by resident & non-resident
    • Issuance of financial instruments and Islamic financial instruments by licensed financial institutions and Bursa Malaysia
    • Subscription or transfer of security or financial instrument
    • Case Scenarios

    Import and export of Currency (Notice 6)

    Export of goods and retention of its proceeds (Notice 7)
    • Key pointers
    • Related definitions
    • Scope of exports of goods
    • Repatriation required of proceeds of export of goods
    • Payment of proceeds of export of goods in Ringgit
    • Case Scenarios
  • Methodology
    Interactive presentation, case scenarios, quizzes and sharing of practical experience

    Training requirements

    • Must have a minimum of 2 years working experience in handling banking transactions involving FE Policy

  • Participant Profile

    Staff in Banking Institutions with working experience of at least 2 years in any business units or back-office department who deals with banking transactions involving FE Policy rules

  • Trainer

    SHAHRUL ADZUAN Ahmad

    Shahrul Adzuan Ahmad is a Training Consultant at the Asian Banking School and has 27 years of working experience in the banking sector, with 24 of those years doing training and development at several banks.

    His working experience includes branch operations, credit, training administration support as well as developing, delivering, and facilitating training programmes. The training programmes that he has conducted include Foreign Exchange Policy (formerly known as Foreign Exchange Administration Rules), credit, AML/CFT, leadership development and soft skills. At the Asian Banking School, Shahrul has conducted multiple training programmes relating to the Foreign Exchange Policy, Certified Credit Executive (CCE) and Retail Credit Professional (RCP). He also maintains a steady working relationship with the Foreign Exchange Policy Department of Bank Negara Malaysia for regular industry updates and training requirements as well as matters related to the Foreign Exchange Policy.
    Shahrul holds a Bachelor of Science degree in Human Resources Development from the University of Technology Malaysia and a Diploma in Banking Studies from the Institute of Technology MARA (now known as the University of Technology MARA). He is a Certified Training Professional (CTP), DiSC - Certified Behavioural Consultant (CBC) and Certified HRDF Trainer.
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