Anti-Money Laundering & Fighting Financial Crime for Senior Management

About The Seminar

Malaysia has established a comprehensive AML/CFT framework covering the legal and regulatory framework, preventive measures for reporting institutions, financial intelligence unit and law enforcement agencies in order to respond to the evolving money laundering and financial crime threats. Thus, financial crime and AML are some of the biggest challenges facing the financial sector today as the scale of fines handed out by regulators increases. Hence, it is imperative that all those working in this business and those providing services to financial firms are aware of the nature of financial crime and how they can take steps to stop it. The tone should be set from the top and our market leading, 2-day advanced course is packed with case-studies, recent examples of financial crime and facilitated interactively to allow the senior management of financial institutions to work through issues and put in place necessary measures to protect their businesses, customers and themselves.

Learning Objectives

Understand the enormous size of the problem of financial crime & AML
Examine global regulatory standards and how they are changing
Comply with the requirements laid down by the regulators
Recognize on how to dealing with sanctions & how to identify sanction breakers
Evaluate & refine your due diligence process
Identify various types of suspicious transactions and take the necessary actions required by the law
Formulate appropriate measures to prevent attempts by parties to launder money through the organization
Ensure your policies & procedures capture the right AML/FC data
Apply best practice in spotting and dealing with potential high risk individuals & corporate
Organize AML/FCC Department that protects you, your customers and your business

Where & When

Date: 10^th & 11^th April 2019
Venue: Kuala Lumpur

Who Should Attend?

This course is of most benefit to:

C-Suite Executives
Board of Directors
Heads of Compliance
Heads of Risk Management
Heads of Internal Audit
Heads of Operations
Heads of Sales
Heads of Legal
Regulators

Fee

Early bird : RM3,599
Standard : RM3,999 per delegate
2 delegates (5% Discount) : RM3,799 per delegate
3 delegates (15% Discount) : RM3,399 per delegate
4 delegates (25% Discount) : RM3,199 per delegate
5 delegates (30% Discount) : RM2,799 per delegate

In-house/group training

If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802.
In-House Training Brochure

Manual Registration

Kindly complete the registration form and email to [email protected] or fax +603 2162 7810

For enquiries please contact:

Mathias Sosovele
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 25

Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44

Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810

For sponsorship opportunities:

Andrew Tebbutt
Managing Director
[email protected]
Direct Line: +603 2162 7802

For speaking opportunities:

Suhail Sinnalebbe
Senior Events Producer
[email protected]
Direct Line: +603 2162 7800 ext 43

For marketing and media enquiries

Clement Anthony
Marketing Executive
[email protected]
Direct Line: +603 2162 7800 ext 22

Seminar Agenda

Day 1
Day 2

Day 1

Session One: Financial Crime & Anti-Money Laundering

What do we mean by financial crime & modern advanced typologies
Global size of the problem and geographical ‘hot-spots’
The basic structure of money laundering transactions
Tax avoidance/evasion – differences and impact on financial institutions
The role of the Board & senior management in fighting financial crime

By the end of this session, delegates will be able to identify the different types of financial crime and explain the different stages of laundering money through the financial system

Session Two: AML ‘Pressure Points’

Trade, trade finance and flaws in banking/regulatory structures
Payments, payment systems and their vulnerability
Commercial banking money laundering examples
How the retail banking system is used to launder money
Investment banking indicators and examples
The real estate sector and its vulnerability
How money is laundered through the luxury sector [inc. casinos]

By the end of this session, delegates will be able to identify money laundering schemes that have occurred in the different sectors of financial services and analyse/critique efforts to stop money laundering

Sessions Three: Regulatory Bodies, New Regulations & their Impact

The role of multi-jurisdictional regulators in combating financial crime
Understanding the consequences of non-compliance for financial institutions
Examining new & forthcoming regulations [e.g 5MLD/FinCen]
FCPA and trans-national issues
Changes to local regulations and their impact
How to deal with political and regulatory risk

By the end of this session, delegates will be able to name the global regulatory bodies and their functions as well as define the impact of the tightening of global regulations.

Session Four: Cyber Crime

The rise of the use of technology in criminal transactions
Cryptocurrencies and their impact
Examining the difficulties in regulating technological crime
Instances of financial institutions under attack

By the end of this session, delegates will be able to identify the technological advances that pose a threat to a financial institution and how they might control how criminals use technology

Day 2

Session One: Sanctions

Defining sanctions
Who and what are sanctioned?
OFAC and other sanction bodies
The changing environment – recent changes by the US
Examples of sanctions breaches and penalties

By the end of this session, delegates will be able to identify the different types of financial sanctions and explain how the different sanction bodies work as well as defining the impact of recent changes in the US sanctions regime

Sessions Two & Three: KYC, Hiding Stolen Assets and the Proceeds of Crime

Structures used to hide criminal gains
Trusts, bearer share corporations and offshore companies
Other LLCs, Foundations and charities
Jurisdictions with weak governance used to conceal ownership & beneficiaries
Techniques used to establish identities of key parties
Why are regulators concentrating on KYC?

By the end of this session, delegates will be able to identify the key structures used to hide stolen assets and also the different parts of the world that are used to conceal ownership of these assets. We will also examine the regulatory imperative to establish who banks are really dealing with and the impact of the Panama & Paradise Papers

Session Four: Creating a ‘Best in Breed’ AML/FCC Department

Compliance is everyone’s business
Three lines of defence?
What do regulators look for in AML structures?
Creating a world-class compliance culture
AML policies & procedures that really work – protecting you, your customers and your business
Case studies of compliance successes and failures

By the end of this session, delegates will be able to identify the key strengths and weaknesses in compliance structures and how regulators view best practice in this area.

Session Five: Creating a Template for Fighting Financial Crime & AML

During this session, delegates will use the knowledge and skills acquired throughout the day to create a template of ‘best practice’ for identifying financial crime and dealing with issues arising from AML issues in their day-to-day job. To do this, they will work in groups but prepare their own action plan to take away.
This session re-enforces the key points taught throughout the day and ensures that new skills are embedded for the future.

Course review & summary

Where & When

Date: 10^th & 11^th April 2019
Venue: Kuala Lumpur

Who Should Attend?

This course is of most benefit to:

C-Suite Executives
Board of Directors
Heads of Compliance
Heads of Risk Management
Heads of Internal Audit
Heads of Operations
Heads of Sales
Heads of Legal
Regulators

Fee

In-house/group training

If you are looking for an in-house training program or wish to send a group to an existing public program, kindly please contact Andrew Tebbutt at [email protected] or +603 2162 7802./p>

Manual Registration

Kindly complete the registration form and email to [email protected] or fax +603 2162 7810

About The Seminar

Learning Objectives

Understand the enormous size of the problem of financial crime & AML
Examine global regulatory standards and how they are changing
Comply with the requirements laid down by the regulators
Recognize on how to dealing with sanctions & how to identify sanction breakers
Evaluate & refine your due diligence process
Identify various types of suspicious transactions and take the necessary actions required by the law
Formulate appropriate measures to prevent attempts by parties to launder money through the organization
Ensure your policies & procedures capture the right AML/FC data
Apply best practice in spotting and dealing with potential high risk individuals & corporate
Organize AML/FCC Department that protects you, your customers and your business

Seminar Agenda

Day 1
Day 2

Day 1

Session One: Financial Crime & Anti-Money Laundering

What do we mean by financial crime & modern advanced typologies
Global size of the problem and geographical ‘hot-spots’
The basic structure of money laundering transactions
Tax avoidance/evasion – differences and impact on financial institutions
The role of the Board & senior management in fighting financial crime

By the end of this session, delegates will be able to identify the different types of financial crime and explain the different stages of laundering money through the financial system

Session Two: AML ‘Pressure Points’

Trade, trade finance and flaws in banking/regulatory structures
Payments, payment systems and their vulnerability
Commercial banking money laundering examples
How the retail banking system is used to launder money
Investment banking indicators and examples
The real estate sector and its vulnerability
How money is laundered through the luxury sector [inc. casinos]

Sessions Three: Regulatory Bodies, New Regulations & their Impact

The role of multi-jurisdictional regulators in combating financial crime
Understanding the consequences of non-compliance for financial institutions
Examining new & forthcoming regulations [e.g 5MLD/FinCen]
FCPA and trans-national issues
Changes to local regulations and their impact
How to deal with political and regulatory risk

By the end of this session, delegates will be able to name the global regulatory bodies and their functions as well as define the impact of the tightening of global regulations.

Session Four: Cyber Crime

The rise of the use of technology in criminal transactions
Cryptocurrencies and their impact
Examining the difficulties in regulating technological crime
Instances of financial institutions under attack

By the end of this session, delegates will be able to identify the technological advances that pose a threat to a financial institution and how they might control how criminals use technology

Day 2

Session One: Sanctions

Defining sanctions
Who and what are sanctioned?
OFAC and other sanction bodies
The changing environment – recent changes by the US
Examples of sanctions breaches and penalties

Sessions Two & Three: KYC, Hiding Stolen Assets and the Proceeds of Crime

Structures used to hide criminal gains
Trusts, bearer share corporations and offshore companies
Other LLCs, Foundations and charities
Jurisdictions with weak governance used to conceal ownership & beneficiaries
Techniques used to establish identities of key parties
Why are regulators concentrating on KYC?

Session Four: Creating a ‘Best in Breed’ AML/FCC Department

Compliance is everyone’s business
Three lines of defence?
What do regulators look for in AML structures?
Creating a world-class compliance culture
AML policies & procedures that really work – protecting you, your customers and your business
Case studies of compliance successes and failures

By the end of this session, delegates will be able to identify the key strengths and weaknesses in compliance structures and how regulators view best practice in this area.

Session Five: Creating a Template for Fighting Financial Crime & AML

During this session, delegates will use the knowledge and skills acquired throughout the day to create a template of ‘best practice’ for identifying financial crime and dealing with issues arising from AML issues in their day-to-day job. To do this, they will work in groups but prepare their own action plan to take away.
This session re-enforces the key points taught throughout the day and ensures that new skills are embedded for the future.

Course review & summary

Seminar Speaker

MA [Cantab], AMICA, CMEA; CEO
Cambridge Centre of Performance & Excellence

Mark is an experienced trainer and consultant with global knowledge, having lived & worked in the UK, Russia, Qatar and India and trained in almost every country. Having started his career as a stockbroker in London, he worked for US, Dutch and UK banks as a Director in the Sales & Sales Trading departments. He then became a partner in a small investment bank where he was Head of Trading and oversaw the Compliance function. Mark has been Global Head of L&D at a Russian investment bank and at a major Middle Eastern Sovereign Wealth Fund as well as a World Cup Organising Committee. He also managed the training section of a major offshoring project to India, training over 1500 staff in settlement, custody and compliance. In recent years, Mark has been one of the highest rated trainers in Anti-Money Laundering & Financial Crime Compliance, training in over 60 different countries in the last 3 years, including a global AML project for one of the world’s largest banks. He has trained staff in every area of banking and finance including [but not limited to] retail & corporate banking, investment banking, SME banking, private banking, asset management, hedge funds, SWFs and associated service providers. Comfortable at all levels, he has worked with main Board members to new graduate hires and induction programmes.

Clients Mark has worked for and allowed to tell other clients about include:
Qatar Investment Authority | Q2022 Supreme Committee | HSBC | XAC Bank | Credit Suisse | Barclays | Bank of China | Ashurst | Stapleford Asset Management | ABN Amro | Clearstream | Irish Times Training | Watson Farley & Williams | Carousel | BNP Paribas | Bank Inter | Renaissance Capital | RIM

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By completing, signing and sending us this registration form you are confirming delegate places on the seminar. You are also confi rming your understanding of our Booking, Payment and Cancellation Policy.

Cancellation: If delegates cannot attend the seminar replacement participants are always welcome. Otherwise delegates must request in writing (letter, fax or email) to cancel registration/s or transfer to a diff erent seminar at least 21 days before the seminar start date to be eligible for a refund, less a 5% administration fee. Delegates who cancel within 21 days of the seminar start date, or who do not attend, are liable to pay the full seminar fee and no refunds will be given. Instead fees will be converted to a IFN Seminars voucher equivalent to the original fee, less a 15% administration charge. This voucher is transferable within your organization and must be redeemed within one year of issue or become void. If a seminar is postponed for whatever reason delegate bookings will be automatically transferred to the new seminar date. Delegates who wish to transfer to a diff erent seminar will be subject to the same terms as above and charged the diff erence in seminar fees. No refunds or seminar vouchers will be issued for a no-show. Payment Terms: All seminars fees are to be received within 14 days of invoice date. REDmoney shall receive the full seminar fee with no deductions of any description. All telegraphic transfer fees, taxes and levies (domestic or otherwise) shall be borne by the sponsoring organization.

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For enquiries please contact:

Mathias Sosovele
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 25

Normariya Sariman
Account Manager, REDmoney Seminars
[email protected]
Direct Line: +603 2162 7800 ext 44

Ramesh Kalimuthu
Events Sales Director
[email protected]
Direct Line: +603 2162 7800 ext 65
Fax: +603 2162 7810

For sponsorship opportunities:

Andrew Tebbutt
Managing Director
[email protected]
Direct Line: +603 2162 7802

For speaking opportunities:

Suhail Sinnalebbe
Senior Events Producer
[email protected]
Direct Line: +603 2162 7800 ext 43

For marketing and media enquiries

Clement Anthony
Marketing Executive
[email protected]
Direct Line: +603 2162 7800 ext 22