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Focus
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The objective of the course is to introduce participants to the conceptual framework and provide an understanding of money laundering and its operation. Participants will be first being first introduced to the key concepts of money laundering and the regulations and laws in Singapore. The focus will be on how to identify this issue and deal with it in an effective manner.
Objective
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Upon completion of the training, participants will be able understand what is money laundering and the issues involved in it. Participants will be armed with the knowledge of how money is laundered and what are the key regulations in Singapore. It will provide participants with the knowledge and the knowhow on how to deal with transactions and identify which transactions are associated with money laundering.
Key examination of Money Laundering
Definition of the term Money Laundering
How does Money Laundering Emerge?
Definition of money laundering from a criminal perspective
General ways and means of how money laundering takes place
An examination of the MAS 626 rules on Prevention of Money Laundering
The key principles of the MAS 626 rules
The policies and the purpose and objective
Definition of what constitutes suspicious trading and key ways of keeping proper records
Keys and methods required to identify customers and dealing with customers
Penalties for non compliance and issues thereafter
The Anti Terrorism Measures Regulations 2002
The key framework of the Act and implications
Definition of a Terrorist Act
What are the requirements for banks and financial instruction under this Act
The key point’s banks and financial institution must take note
Enforcement and compliance under the Act
The key importance of the FATF (Financial Action Task Force)
The key objectives and role of the FATF
The recommendations and issues raised by FATF
Enforcement and its role of the FATF
Case studies under the FATF
The key importance of the Corruption, Drug Trafficking and other Serious Crime (Confiscation and Benefit) Act
The key objectives and role of the Act
Examination of what constitutes money laundering
Examination of the key provisions of the Act and compliance
Recent Enforcement and case studies
Definition of recent enforcement
Issues to look at and key points of discussions
Lessons to be learnt from recent key enforcement
Key points in the Terrorism (Suppression of Financing Act 2002)
The key objectives and role of the Act
Examination of what constitutes money laundering
Examination of the key provisions of the Act and compliance
Who should attend
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Relationship Managers, Acquisition Managers, Team Leaders, Business Planners, Branch Managers, Sales Personnel, Risk Managers, Financial Controllers, Marketing Managers and Executives, Business Advisers, Bankers, Consultants.
David holds a Bachelor of Law degree from the University of London and Master of Business Administration degree from Victoria University. He has many years of experience in the private sector and he is presently working as an in house Legal Counsel for a local company.
Over the years, he has conducted legal training for the corporate sector on the various practical legal issues facing the corporate field and has lectured for many training institutions, on Business and Company Law. His forte is in the field of corporate and commercial drafting of contracts, including company matters. Mr. David Shanmugam has conducted legal training programmes for Singapore Institute of Chartered Secretaries and Administrators, National University of Singapore Continuing Education and for the Singapore Manufacturing Association.
If you are having trouble registering online then you may download and fill out this registration form and fax it to (65) 67490193.
