search

I WOULD LIKE TO

SHARE
Labuan IBFC - Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001) - Framework, Understanding and Implications
  • Overview
  • Programme Outline
  • Methodology
  • Participant Profile
  • Trainer
  • Overview
    PROGRAMME DETAILS

    DATE

    17 - 18 September 2019

    2 - 3 December 2019

    TIME

    9:00 AM – 5:00 PM

    VENUE

    LFSA, Financial Park Complex, Labuan

    16

    LFSA

    CPD HOURS

    This programme provides an overview of the mechanism of money laundering and efforts pertaining to prevention and detection of Money Laundering and Terrorist Financing. Using case examples, best practices and common regulatory/audit findings, it will provide participants with the knowledge to develop AML/CFT Compliance requirements vital to review areas and legislative demands, while highlighting compliance deficiencies in current in-house programmes.

    LEARNING LEVEL

    Intermediate

    PROGRAMME FEE

    MYR

    1,500*

    / PAX

    *Subject to 6% Service Tax

    Participants who have completed two or more of the following programmes are entitled for the “Fit and Proper Person Requirements” and “Customer Due Diligence” courses on a COMPLIMENTARY basis.

    • Anti-Money Laundering, Anti- Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001) – Framework, Understanding and Implications
    • Practical English
    • Labuan IBFC Tax Regime
    • Labuan Practical Guide for Trust Officers

    Kindly email the COMPLIMENTARY course that you would like to attend to ananthan@asianbankingschool.com. We will confirm your seat accordingly subject to approval from LFSA.

  • Programme Outline
    LEARNING OBJECTIVES
    By the end of the programme, participants will be able to:
    • Develop reporting institutions’ staff skill in applying AML requirements
    • Apply the relevant AML act/guidelines during the account opening process and/or customer on-boarding (end to end)
      subject to the customer acceptance policy
    • Apply a risk-based approach (RBA) in managing AML risk via on-boarding, continuous transaction monitoring and
      regulatory reporting
    PROGRAMME OUTLINE

    Pre –Assessment*

    Framework that regulates money laundering in Malaysia

    Financial crime from the perspective of Bank Negara Malaysia:
    • National Risk Assessment
    • Illegal Financial Schemes (IFS)
    • Mule Accounts

    Understanding predicate offences
    • Second schedule of AMLATFPUAA 2001
    • Cases before and after AMLATFPUAA 2001

    The difference between Money Laundering (ML), Terrorist Financing (TF) and Proliferation Financing (PF)

    Businesses invoked as reporting institutions under the Act

    Second Schedule: serious offences under the Act

    AML/CFT penalties - how it affects you and your organisation

    Handling Law Enforcement Agencies (LEAs)
    • Order 48,44,50,51
    • Order 66 by MOHA

    Suspicious Transaction Report (STR)
    • Issues related to STR by Regulators
    • Good vs. bad STR
    • Correct ways to write STR

    Customer Due Diligence (CDD)
    • On-boarding process
    • Risk Based Approach: Risk Profiling of Client
    • Enhanced CDD (when is this required?)
    • Know Your Customer Customers (KYCC)
    • Know Your Staff (KYS)
    • On- Going Due Diligence: Transactions Monitoring (Management/ Audited Accounts, Bank Statements)
    • Management Information System and Beneficial Ownership Register

    High risk countries / sanction dealing

    Terrorism Financing in Malaysia

    Case Study

    Post –Assessment*

  • Methodology

    TRAINING METHODOLOGY

    Lectures and workshop-styled discussions

  • Participant Profile

    WHO SHOULD ATTEND

    Trust Officers or designated Trust Officers of Labuan Trust Companies, Money Brokers and Compliance Officers of Labuan Licensed Entities (Bank, Insurance, Trust Company, Money Broker and Fund Manager)

  • Trainer

    YUNOS YUSOP

    Yunos Yusop is currently the Money Laundering Compliance Officer and 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 was one of the founding members of the Group Anti-Money Laundering and Counter Financing Terrorism office for a leading universal banking group in the region. He has also served with a Fraud Intelligence Department and 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. Yunos is a Member of the International Compliance Association, Associate Member of 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 was appointed a Research Fellow of the Institute of Crime and Criminology, HELP University in 2001 and the Alternate Chairman to the Compliance Group Networking Group in 2017. Yunos is currently the Director of Training for MACFE and an EXCO member of Transparency International.


REGISTER NOW
Please complete the following form to register with us. Alternatively, you can email us here or call us at +603 2742 7822 if you have any questions.
PAYMENT PROCESS

1

Please download the Payment Form for our Banking details and if making company sponsored payments

2

Upload your Payment Form/Receipt and submit with your online registration

3

You will receive a confirmation email upon successful registration
I'm Applying For
Programme Details
Select Programme
Please select a time slot.
FULL NAME
(as per NRIC/Passport) *
New NRIC No/Passport No*
Nationality*
Email*
Contact No*
Job Title/ Designation*
Department*
Company Name*
Mailing Address*
City*
Postcode*
Country*
AICB Membership No
(If Applicable)
Special Remarks
(IF APPLICABLE, PLEASE FILL IN YOUR FMAM (PPKM) MEMBERSHIP NUMBER HERE)
Upload Payment Receipt or Form*
*Required fields
Captcha validation failed.
Thank you for your submission. You should receive an automated email shortly at the email address you provided if the submission had gone through successfully. If you do not receive the email, please contact us at +603-2742 7822 or email training@asianbankingschool.com
There are currently no upcoming Programme slots.
Please email us here or call us at +603 2742 7822 if you want to check on future slots.

Copyright © Asian Banking School (ABS) (1024215-T). All rights reserved.

 CONNECT WITH US

Ooops!
Generic Popup