Introduction to Anti-Money Laundering and Terrorist Financing Legislation

Objective: To gain basic understanding of money laundering and terrorist financing and the legal obligations imposed by anti-money laundering legislation

The course is divided into three sections:

Section A

• Understanding money laundering and offences under anti-money laundering legislation
• What is money laundering
• Three stages of money laundering
• Obligations imposed by anti-money laundering legislation
• Offences under anti-money laundering, including failure to report suspicious transactions and tipping off

Section B

• Understanding terrorist financing and offences under anti-terrorist financing legislation
• What is terrorist financing
• Difference between money laundering and terrorist financing
• Offences under anti-money laundering

Section C

• Understanding your responsibilities in compliance with anti-money laundering and terrorist financing legislation
• Customer due diligence
• Record keeping and retention
• Reporting suspicious transactions
• Avoid tipping off
  
  

Instructor(s)

Mr. Daniel Chee - FCA Singapore, FCPA Australia

Daniel has more than 15 years of professional experience in the financial sector and more than 5 years of senior management experience in multinational corporations. His academic experience includes eight years with the business school of the National University of Singapore as an adjunct associate professor and he is currently an adjunct professor with the Singapore University of Social Sciences. He is a regular trainer for the continuing professional education programmes run by the Institute of Singapore Chartered Accountants.