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COMPLIANCE

COMPLIANCE2013 Training Programmes

1 I Compliance

Anti-Money Laundering & Anti-Terrorism Financing – Law & Practice

DATE / DURATION 24 Jul 2013 (1 day)

VENUE IBBM

PREREQUISITE Some banking experience.

SYNOPSIS OF THE PROGRAMME

This programme equips the participants with basic knowledge on anti-money laundering and anti-terrorism financing law and practice.

LEARNING LEVEL Intermediate | Advanced

TARGET AUDIENCE • All Personnel of Banks • Compliance Officers and Management

LEARNING OUTCOMES Upon completion of the programme, participants will be able to:• State the important provisions of the AMLATF Act 2001 and apply them to

their work environment• Identify the risks and opportunities for money-laundering and financing of

terrorism arising from banking and financial products and services, and steps to prevent these crimes

• Apply the “KYC” Policy and know how to conduct customer due diligence (CDD) and enhanced CDD in compliance with UPW/GP1 and UPW/GP1(1); in particular, customer identification and verification requirements and risk profiling including sanctions

• Identify suspicious transactions of money-laundering and financing of terrorism; in particular to appreciate the requirements and obligations to report and measures to be taken upon determining a transaction as suspicious

• Know the internal and external Suspicious Transaction Report (STR) procedure and the regulatory framework

• Be aware of the penalties for non-compliance• Implement the steps, methods and procedures to ensure compliance within

one’s organisation (head office, subsidiaries and branches)

COURSE OUTLINE Money Laundering & Financing of Terrorism • Common practices and conduits of money launderers • Nature of offence of money-laundering and financing of terrorism• Managing risks, including sanctions

The Anti-Money Laundering & Anti-Terrorism Financing Act 2001 • Preliminary • Money-laundering offences • Reporting obligations

Ensuring Compliance of the Anti-Money Laundering & Anti-Terrorism Financing Act 2001 & Guidelines in Subsidiaries & Branches • Legal obligations under the Malaysian Anti-Money Laundering & Anti-

Terrorism Financing Act 2001 & the Guidelines thereunder: UPW / GP1 and UPW / GP 1(1) and sanctions

• Compliance requirements and programmes for head office, subsidiaries and branches

• Recent cases

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TRAINING METHODOLOGY

Lectures, case studies and discussions.

LEARNING PARTNER Datin Dr Lee

Datin Dr Lee is presently a Senior Partner, Banking Law Consultant and Practitioner in one of the most established law firms in Sarawak, Detta Samen & Co Advocates. She is an Advocate and Solicitor of the High Court in Malaya and an Advocate of the High Court in Sabah and Sarawak.

Datin Dr Lee holds a Doctor of Philosophy (Laws), University of Liverpool, England, specialising in Banking and Finance Law and her Ph.D. research was on banking frauds.

Datin Dr Lee holds an LL.B. 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, having been granted the Distinguished Talent Visa from the Australian Government in 2006. She lectures post-graduate law subjects in Australia on various areas of International Banking and Electronic Banking Law subjects. Having lectured in Australia for more than 12 years, she has been appointed and accorded the following: • Fellow, Financial Services Institute of Australasia, Australia• Fellow, Tim Fischer Centre for Global Trade & Finance, Australia• Member, Law Advisory Board, Bond University, Australia In Malaysia, Datin Dr Lee enjoys a long-term relationship with IBBM. She was one of the first to be awarded Associate Fellow, Institute of Bankers, Malaysia; having served as Chief Examiner for law subjects since 1985 and is recognised for her vast contributions in publishing, examinations and training for IBBM for more than 27 years.

Besides the above distinguished accomplishments, Datin Dr Lee also comes with tremendous relevant experience. Besides her continuing law practice, she has been a Fellow of the Law Faculty, University of Malaya in Kuala Lumpur and served in a foreign bank, OCBC Bank in Malaysia as Head of Legal Department and Assistant Vice President, Kuching Branch, Borneo for 10 years. Since 1984, Datin Dr Lee has been a Leading Consultant and Lecturer for banks and financial institutions, regulators, large corporations locally and internationally on many areas of banking and finance laws, Islamic banking and finance law, frauds, anti-money laundering and anti-terrorism financing, banking operations, credit, offshore banking, regulations and compliance. She lectures internationally and is presently a Course Director of EUROMONEY Training in Hong Kong.

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Her many other professional contributions include being a consultant, commissioned author and editorial reviewer and specialist for LexisNexis, Institute of Bankers 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 including:• General Principles of Malaysian Law, 5th edn (Oxford) since 1989• Malaysian Law on Banking and Finance (Institute of Bankers, Malaysia)• Malaysian Law on Banking and Finance Cases and Principles - (Institute of

Bankers, Malaysia)• Law and Practice of Banking (Institute of Bankers, Malaysia) (IBBM) • Law of Cheques, 2nd edn (Institute of Bankers, Malaysia) • Law of Guarantees (Institute of Bankers, Malaysia) • Banking Law, 4th edn (LexisNexis)• Commercial Law (LexisNexis)• Forged Cheques and The Law (Oxford)• Islamic Banking and Finance Law (Pearson Longman)• Business Law (Oxford) • Oxford Revision Series – Business Law (Oxford)• Commercial Law 2nd edn (Oxford)• Annotated Statutes on Banking and Finance, Central Banks, Negotiable

Instruments, Offshore Banking, Islamic Offshore Banking, etc. (LexisNexis)

FEE STF Member IBBM Member Non-Member

RM500 RM600 RM750

REGISTRATION CLOSING DATE

10 Jul 2013

Compliance I 4

AMLAT FA: The Law, Risk & Vulnerabilities in Investment Banking

DATE / DURATION 17 Sep 2013 (1 day)

VENUE IBBM

PREREQUISITE Some banking experience.


This programme highlights some pertinent and current issues faced by investment bankers. It examines the risks involved and seeks to ensure compliance in Investment Banks and discusses about implementing money-laundering controls and measures required under the Investment Bank’s compliance programme. It also highlights the shortcomings in compliance and the unique problems faced by investment bankers in corporate finance, treasury, capital and equity markets, dealers and remisiers and operations of investment banks.

LEARNING LEVEL Intermediate

TARGET AUDIENCE • Compliance Officers • Internal Auditors• Risk Managers

LEARNING OUTCOMES Upon completion of the programme, participants will be able to:• Define the meaning of and describe the modus operandi and latest trends

and developments of money-laundering and financing of terrorism• State the important provisions of the AMLATF Act 2001 and apply them to

their work environment• Identify the risks, challenges and opportunities for ML and FT arising from

investment banking products and services• Apply the “KYC” Policy and know how to conduct CDD and enhanced CDD

in compliance with UPW/GP1 and UPW/GP1(1); in particular, customer identification, risk profiling, verification and monitoring requirements and CDD procedures

• Identify suspicious transactions of money-laundering and financing of terrorism; in particular to appreciate the requirements and obligations to report and measures to be taken upon determining a transaction as suspicious

• Know the internal and external Suspicious Transactions Reporting (STR)procedure and the regulatory framework

• Be aware of the penalties for non-compliance• Evaluate their role in ensuring compliance within their organisation and when

acting as, or dealing with, agents or intermediaries

COURSE OUTLINE Definition of Money-Laundering • Common practices and conduits of money launderers • Nature of offence of money-laundering

The Anti-Money Laundering & Anti-Terrorism Financing Act 2001 • Preliminary • Money-laundering offences • Financial intelligence • Reporting obligations • Investigation • Freezing, seizure and forfeiture • Miscellaneous

5 C P E Points awarded by SIDC

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Ensuring Compliance of the Anti-Money Laundering & Anti-Terrorism Financing Act 2001 & Guidelines • Legal obligations under the Anti-Money Laundering and Anti-Terrorism

Financing Act 2001 and the Guidelines thereunder: UPW/GP1 and UPW/GP 1(1)

• SC Guidelines on Prevention of Money Laundering and Terrorism Financing for Capital Market Intermediaries

Managing ML Risks • “On the job” risk management measures • Customer’s Identification and Acceptance Policy: Best practice and vigilance

measures• “Customer Due Diligence” Policy (CDD): Practice and extent. Enhanced CDD

Dealing with Politically Exposed Persons (PEP) & others • Risk profiling / risk-based approach to recognising suspicious transactions o High-risk products o High-risk customers o High-risk transactions o High-risk place of origin o High-risk circumstances• Transactions monitoring• Case study


Lecture, case study and group exercises.

LEARNING PARTNER Datin Dr Lee

Datin Dr Lee is presently a Senior Partner, Banking Law Consultant and Practitioner in one of the most established law firms in Sarawak, Detta Samen & Co Advocates. She is an Advocate and Solicitor of the High Court in Malaya and an Advocate of the High Court in Sabah and Sarawak.

Datin Dr Lee holds a Doctor of Philosophy (Laws), University of Liverpool, England, specialising in Banking and Finance Law and her Ph.D. research was on banking frauds.

Datin Dr Lee holds an LL.B. First Class Honours degree from the University of Malaya, and since the year 2000, has been an Adjunct Associate Professor, Faculty of Law at Bond University, Queensland, Australia. Datin Dr Lee resides in the Gold Coast in Australia, having been granted the Distinguished Talent Visa from the Australian Government in 2006. She lectures post-graduate law subjects in Australia on various areas of International Banking and Electronic Banking Law subjects. Having lectured in Australia for more than 12 years, she has been appointed and accorded the following: • Fellow, Financial Services Institute of Australasia, Australia• Fellow, Tim Fischer Centre for Global Trade & Finance, Australia• Member, Law Advisory Board, Bond University, Australia

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In Malaysia, Datin Dr Lee enjoys a long-term relationship with IBBM. She was one of the first to be awarded Associate Fellow, Institute of Bankers, Malaysia; having served as Chief Examiner for law subjects since 1985 and is recognised for her vast contributions in publishing, examinations and training for IBBM for more than 27 years.

Besides the above distinguished accomplishments, Datin Dr Lee also comes with tremendous relevant experience. Besides her continuing law practice, she has been a Fellow of the Law Faculty, University of Malaya in Kuala Lumpur and served in a foreign bank, OCBC Bank in Malaysia as Head of Legal Department and Assistant Vice President, Kuching Branch, Borneo for 10 years. Since 1984, Datin Dr Lee has been a Leading Consultant and Lecturer for banks and financial institutions, regulators, large corporations locally and internationally on many areas of banking and finance laws, Islamic banking and finance law, frauds, anti-money laundering and anti-terrorism financing, banking operations, credit, offshore banking, regulations and compliance. She lectures internationally and is presently a Course Director of EUROMONEY Training in Hong Kong.

Her many other professional contributions include being a consultant, commissioned author and editorial reviewer and specialist for LexisNexis, Institute of Bankers 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 including:• General Principles of Malaysian Law, 5th edition (Oxford) since 1989• Malaysian Law on Banking and Finance (Institute of Bankers, Malaysia)• Malaysian Law on Banking and Finance Cases and Principles (Institute of

Bankers, Malaysia)• Law and Practice of Banking (Institute of Bankers, Malaysia) (IBBM) • Law of Cheques, 2nd edition (Institute of Bankers, Malaysia) • Law of Guarantees (Institute of Bankers, Malaysia) • Banking Law, 4th edition (LexisNexis)• Commercial Law (LexisNexis)• Forged Cheques and The Law (Oxford)• Islamic Banking and Finance Law (Pearson Longman)• Business Law (Oxford) • Oxford Revision Series - Business Law (Oxford)• Commercial Law, 2nd edition (Oxford)• Annotated Statutes on Banking and Finance, Central Banks, Negotiable

Instruments, Offshore Banking, Islamic Offshore Banking, etc. (LexisNexis)


RM500 RM600 RM750


3 Sep 2013

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Financial Services Act & BNM Guidelines: The Law, C ompliance & Case Studies

DATE / DURATION 16 Oct 2013 (1 day)

VENUE IBBM

PREREQUISITE No prerequisite requirements. Open to all financial institution employees who are interested in the mechanism of FSA and relevant BNM Guidelines.


To regulate the financial service providers, the Financial Services Act 2012 (FSA) was introduced to ensure that bankers operate within the laws/regulations and not abuse the banking system. This course will describe the legislative restrictions and requirements imposed under FSA and BNM Guidelines. In addition, the course covers practical examples of penalties imposed on employees in the banking industry for non-compliance.

Participants will be shown how to distinguish the purpose and application of FSA and Bank Negara Guidelines in safeguarding the interests of financial institutions. Participants will also gain knowledge on the full extent of Bank Negara Malaysia powers of control and regulation of the financial service providers.


LEARNING OUTCOMES Upon completion of the programme, participants will be able to:• Describe the legislative restrictions and requirements imposed on financial

service providers under FSA and penalties for non-compliance • Distinguish the purpose and application of these provisions in safeguarding

the interest of financial institutions • Gain full knowledge of the extent of Bank Negara’s powers of control and

regulation of the financial service providers

COURSE OUTLINE Introduction to FSA • Issuance and revocation of license to a financial institution • Effect of FSA on Islamic banks and its possible conflict with the Companies Act • Validity and enforceability of loan and securities taken under Section 270 FSA

Illegal Deposit-Taking • Prohibition on receiving, taking and acceptance of deposit without a valid license• Implication of FSA under Anti–Money Laundering and

Anti–Terrorism Financing Act 2001

Limitation in Finance Minister’s Powers

Duties of Secrecy & Permitted Disclosure

Offences Relating to Entries in Books & Documents • Implication for alteration, abstracting, omitting and destruction of documents in

financial institutions

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Business Conduct, Complaints, Disputes, Etc. • Standard of business conduct required in a financial service provider• Prohibited business conduct by a financial service provider

Restrictions of Credit Facilities to a Single Customer • Meaning of a “Single Customer” under Section 50 FSA • Application of BNM Single Counterparty Exposure Limit on FSA

The Full Extent of BNM Powers of Supervision, Investigation, Search, Seizure & Prosecution for Offences & Non-Compliance

Control of Credit Limits by Bank Negara Malaysia & Its Power to Issue Guidelines • Effect of guidelines issued by BNM to regulate responsible financing by

financial service providers

Credit Transactions & Exposure with Connected Parties • Credit transactions with Connected Parties• Policies and limits on credit transactions with Connected Parties

Code of Ethics Under BNM GP7


Combination of lectures, exercises and case studies to ensure that the participants derive the maximum learning benefit.

LEARNING PARTNER Vijayaraj R Kanniah

Vijayaraj R Kanniah is currently the Managing Partner of Messrs Sheila Hussain Vijay & Partners, a law firm specialising in banking, based in Sri Damansara, Kuala Lumpur. He is also the Managing Director cum Principal Trainer of Visioon Business Solutions Sdn. Bhd. Vijayaraj has been admitted into the High Court of Malaya as an Advocate and Solicitor and remains active as a Legal Consultant, Practitioner and a Trainer in areas of credit, banking operations, corporate governance, anti–money laundering and anti–terrorism financing and other legal compliance areas with various banks, financial service providers, enforcement agencies and corporations within the region.

Vijayaraj holds a Master of Laws (LL.M.) from University of Malaya and three degrees, namely, Bachelor of Law (LL.B.) from University of London, Bachelor of Social Science from University of Science, Malaysia and ICSA from Malaysian Institute of Chartered Secretaries & Administrators. He also holds an International Diploma and Advance Certification in AML/CFT by the Institute of Bankers Malaysia, International Compliance Association with collaboration from University of Manchester Business School.

Vijayaraj was formerly a banker for 12 years with extensive exposure in banking operations, commercial and corporate lending. He was a former Tutor with Open University of Malaysia for their undergraduates and a former national and state sportsman.

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A double scholar of Malayan Banking Berhad and Malaysian Hockey Confederation, he remains an active Member of Malaysian Bar Council, Institute of Bankers Malaysia, Malaysian Institute of Chartered Secretaries & Administrators, Malaysian Insurance Institute and International Compliance Association.

He also holds a number of professional qualifications which include Certificate in Legal Practice, Certified Credit Professional, Certified Credit Professional – Islamic, and Certificate in Life Insurance & Investment Link.


RM450 RM550 RM650


1 Oct 2013

Compliance I 10

Foreign Exchange C ontrol Rules and Regulations

DATE / DURATION 16 – 17 Oct 2013 (2 days)

VENUE IBBM

PREREQUISITE Nil.


This programme will provide participants with practical understanding of the regulatory framework governing Malaysia’s Exchange Control. It covers a wide range of circumstances that financial institutions personnel need to appreciate and apply the regulatory controls appropriately. At the end of the course, with various examples provided, participants should have a working knowledge of the Exchange Control of Malaysia.


TARGET AUDIENCE • Banking Operations Officers• Compliance Officers

LEARNING OUTCOMES Upon completion of the programme, participants will be able to:• Recognise the rules relating to the 16 ECMs• Explain the ECM rules applicable to banking operations / credit functions• Relate the inter-relations between one ECM to another• Identify permitted fund transfers• State permitted movements to external accounts• Identify common non-compliance issues and their remedial actions• Realise the consequences of non-compliance to ECM

COURSE OUTLINE Introduction & Overview of Exchange Control Rules

Definitions • ECM 1

The Application of Exchange Control Rules to External Accounts• ECM 3 – External Accounts

The Application of Exchange Control Rules to Payments • ECM 4 – General Payments• ECM 6 – Credit Facilities to Non-Residents• ECM 9 – Investments Abroad• ECM 12 – Securities

The Application of Exchange Control Rules Relating to Receipts • ECM 5 – Export of Goods• ECM 11 – Inter-Company Accounts

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The Application of Exchange Control Rules to Foreign Currency Transactions• ECM 2 – Dealings in Gold and Foreign Currency Exchange• ECM 7 – Foreign Currency Accounts

The Application of Exchange Control Rules To Credit • ECM 6 – Credit Facilities to Non-Residents• ECM 8 – Domestic Credit Facilities to Non-Resident-Controlled Companies• ECM 10 – Foreign Currency Credit Facilities and Ringgit Credit Facilities

from Non-Residents

Other Exchange Control Rules • ECM 13 – Import and Export of Currency Notes, Bills of Exchange,

Assurance Policies, etc.• ECM 14 – Dealings with Specified Persons and in Restricted Currencies• ECM 15 – Labuan International Offshore Financial Centre• ECM 16 – Approved Operational Headquarters


Combination of lectures, case studies and group discussions to ensure that participants derive the maximum learning benefits.

LEARNING PARTNER Ms Suzie Lim

Ms Suzie Lim is a consultant and trainer with Impact Consultancy & Training Pte. Ltd. She has the distinction of being one of the first to pass both the Certified Credit Professional (CCP) Business as well as Consumer Credit. Prior to joining Impact, she was a manager in the Training and Development Department of a local bank as a Credit Specialist Trainer. Suzie has a love and passion for training and has honed her skills well in facilitating transfer of knowledge to her participants. She trains in all aspects of credit in particular the CCP syllabus. She receives good ratings by the participants for the courses that she conducts.

Prior to assuming a Credit Trainer role, she had more than 10 years of line experience in credit, covering credit and marketing, where she managed loan portfolios of up to RM180 million, comprising commercial and consumer accounts. She has also headed the monitoring and recovery functions.

Suzie is a Senior Associate of Institute of Bankers Malaysia.


RM1,100 RM1,350 RM1,600


2 Oct 2013

Compliance I 12

C orporate Governance In Banking and Financial Institutions

DATE / DURATION 27 Nov 2013 (1 day)

VENUE IBBM

PREREQUISITE No prerequisite requirements. All employees in the banking sector who are keen to find out more on how the Corporate Governance concept works in the banking sector.


The Malaysian government through various regulators had pushed hard to enforce good Corporate Governance in the Malaysian banking sector. Even though there is some progress in adopting good Corporate Governance in the Malaysian banking sector, the pace set in the internal banking framework remains slow and the banking sector must push harder to enhance Corporate Governance and win the heart of their stakeholders.

Everyone in the banking sector, from the business managers, risk management, compliance and audit have a role to play towards ensuring a better Corporate Governance. All parties must be involved if Corporate Governance is to succeed. The training session will show the importance of Corporate Governance as a vital tool in protecting the banking sector.


TARGET AUDIENCE This programme is targeted at Employees in the banking sector who are keen to find out more on how the Corporate Governance concept works in the banking sector.

LEARNING OUTCOMES Upon completion of the programme, participants will be able to:• Understand why we need Corporate Governance in the banking sector• Know the Corporate Governance frameworks within the banking sector• Know the roles of different agents of Corporate Governance including audit,

risk and compliance sectors in the framework for Corporate Governance• Understand the business impact of non-compliance on any of these fronts in

the banking sector

COURSE OUTLINE Overview of Corporate Governance• History of Corporate Governance and expansion of its concept into the

banking sector • Liberalisation of banking regulations and the need for Corporate Governance

in the banking institutions • Implications of corporate scandals/failures and the need to enhance

corporate disclosure and increasing managerial responsibility and involvement (with case studies focusing on banking failures, i.e., Barrings, Northern Rock Bank, Lehman Bros, HBOS Plc and Societe Generale)

Bankers’ Role in Corporate Governance Framework • What is “Corporate Governance Framework”?• Bankers as “key players and agents” in upholding Corporate Governance

Framework• Importance of compliance as “policy front”, risk as “mitigating front” and

audit as “checking front” in the enforcement of Corporate Governance Framework

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Regulatory Framework in Banking Sector• Importance of BAFIA, AMLATFA, BNM Guidelines and various laws in

protecting the “banking brand” • The growing risk of fraud and the importance of prevention and mitigating the

risk• Balance between business and compliance/risk/audit and its impact on

banking institutions

Impact of Weak Corporate Governance in the Banking Sector • Business impact of non-compliance

o Reputation risk o Bank’s profitabilityo Bank’s deposit/collateralo Employee incentiveso Investors confidence o Blacklisting/sanction and regulatory punishments

• Is Corporate Governance on Regulatory Framework a vital tool to bring backbusiness confidence in the banking institutions?


Combination of lectures, group discussions and case studies to ensure participants derive the maximum learning benefits.





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RM450 RM550 RM650


12 Nov 2013

15 I Compliance

AML Workshop: Risk Based Approach & Case Studies

DATE / DURATION 5 Dec 2013 (1 day)

VENUE IBBM

PREREQUISITE Applicant should have some basic knowledge of anti–money laundering and counter–terrorism financing laws and regulations.


The programme is part of a series of anti-money laundering and counter- terrorism financing trainings which is imposed under Section 19 (2) (b) of the Malaysian Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA 2001) on Reporting Institutions. The programme covers the latest updates to AMLATFA, Financial Action Task Force Recommendations, Asia Pacific Group Mutual Evaluation and BNM Guidelines in relation to financial institution business including reported on-going and resolved money laundering and terrorism financing cases. The programme is designed for employees of financial institutions in order for them to analyse and apply risk-based approach in managing the risk between business and compliance. This includes assessing the importance of risk identification and due diligence in AML/CFT evaluation specifically in Financial Institutions. To encourage interaction and assist the participants to connect to the subject matter, the programme uses practical examples with an ultimate objective of strengthening knowledge in compliance to protect the banking sector.


TARGET AUDIENCE Employees of financial institutions who have attended the basic programme on Anti-Money Laundering and Anti-Terrorism Financing.

LEARNING OUTCOMES Upon completion of the programme, participants will be able to: • Assess importance of “risk assessment”, “risk mitigation” and “risk profiling” in

AML/CFT evaluations specifically in financial institutions • Analyse and approach in a practical manner in managing the risk between

business and compliance• Understand the importance of implementing the “risk-based approach” in

ensuring the greatest risk receives the highest attention

COURSE OUTLINE Money-Laundering Risk in Financial Institutions • Understanding in a practical manner the 3-stage model in mitigating the

evolving money-laundering risk • Importance of “risk assessment, “risk mitigation” and “risk profiling” in the

assessment of high risk functions, customers, areas, products and services

Terrorist Financing Risk in Financial Institutions • Applying the “list-based approach” in combating terrorist risk• Need for continuous monitoring in detecting possible “red flags” in movement

of terrorist funds• The threat of “Hawala” in the movement of terrorist funds

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Managing AML/CFT Risk Practically• Challenges in implementing “risk-based approach” in financial institutions• Importance of “due diligence” in mitigating the risk of money-laundering and

terrorism financing• Ability to balance between business and compliance in protecting the bank’s

profitability

Local & International Regulations in AML/CFT • Core requirements under AMLATFA 2001 and Bank Negara Malaysia

Guidelines from a local perspective • Core requirements under Financial Action Task Force and Asia Pacific Group

from an international perspective

Reporting Obligations of Financial Institutions• Challenges in detecting suspicious transactions and maintaining quality in

Suspicious Transactions Reporting (STR) • Refusal to provide information – grounds to report STR?

Review of Reported AMLATFA Cases • Brief insight into high-profile cases between 2004 to 2012 in Malaysia• Discussion on reported financial institution cases


Combination of lectures, exercises and group discussions to ensure participants derive the maximum learning benefit.





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RM450 RM550 RM650


20 Nov 2013

Compliance I 18

Roles and Responsibilities of C ompliance Officers in Financial Institutions

DATE / DURATION 9 Dec 2013 (1 day)

VENUE IBBM

PREREQUISITE Applicant should have some basic knowledge of anti–money laundering and counter–terrorism financing laws and regulations.


The programme is part of a series of Anti-Money Laundering and Counter- Terrorism Financing trainings which is imposed under Section 19 (2) (b) of the Malaysian Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA 2001) on Reporting Institutions. The programme is specifically to prepare the Compliance Officer (“CO”) to discharge their duties as per Sections 19(4) AMLATFA which places responsibilities on CO for application of compliance programme and procedures including proper maintenance of records and reporting suspicious transactions. The programme is designed for COs of financial institutions in order for them to understand the main requirements to become effective COs and their roles and responsibilities to maintain a balance between compliance and business. To encourage interaction and assist the participants to connect to the subject matter, the training session uses practical examples with an ultimate objective of strengthening knowledge in COs to protect the financial institutions.


TARGET AUDIENCE • Compliance Officers• Money Laundering Reporting Officers• Financial Crime Reporting Officers• Internal Auditors • Operational Risk Officers who are new to AML/CFT requirements

LEARNING OUTCOMES Upon completion of the programme, participants will be able to:• Understand the principal requirements of an individual to become an effective

Compliance Officer • Learn the difference between a Money Laundering Prevention Officer and a

Money Laundering Reporting Officer• Realise the minimum objectives of a Compliance Officer and senior

management expectations of the Compliance Officer • Gain knowledge in various local and international laws, regulations,

regulators and the need to protect the financial institution

COURSE OUTLINE Introduction • Overview of Money Laundering and Terrorism Financing – how do we stand

in combating the risk in AML/CFT • The Malaysian AML/CFT Regulatory Framework• International Anti-Money Laundering / Counter-Terrorist Financing Strategies• Risk-based approach to AML/CFT and importance of risk profiling

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Roles & Responsibilities of a Compliance Officer• Reporting institution compliance in AML/CFT requirements• Implementation of AML/CFT policies in financial institution • Appropriate AML/CFT procedures including Customer Acceptance Policy,

Customer Due Diligence and Enhanced Customer Due Diligence• Identification of money-laundering and terrorism financing risk associated with

existing and new products/services• Various aspects of the role of an effective Compliance Officer• Key skills and attributes of an effective Compliance Officer • Factors influencing the choice of the Compliance Officer

Areas of Concern for a Compliance Officer • Practical application of the laws and regulations in financial institutions and

its implications for non-compliance• Recognition, handling and reporting suspicious transactions • Post-reporting considerations• Dealing with authorities • Financial intelligence, investigation and enforcement• Engineering an effective compliance culture and maintaining a high level of

awareness

AMLATFA Case Studies• Success in AMLATFA prosecution in Malaysia and overseas • Case studies on selected AMLATFA cases relevant for Compliance Officer


Combination of lectures, exercises and group discussions to ensure participants derive the maximum learning benefit.





Compliance I 20




RM450 RM550 RM650


22 Nov 2013

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