Effective Compliance in Anti-Money Laundering in Malaysia by CFE ICG

Anti-Money Laundering in Malaysia 18 - 19 March 2010

Parkroyal Hotel, Kuala Lumpur

BACKGROUND It is true that things have changed in the world economic order. But Anti-Money Laundering is unlike other economic areas, and it is critical to remember that the mighty United States of America is not a spent force. The United States authorities fear terrorists may copy a novel money laundering scheme devised by Colombian drug traffickers. They were proven right. Clues to the scheme which uses life insurance policies came from the indictment of five Colombians in Miami recently. The same modus operandi has been employed in Malaysia and many other countries since. This is just one of the many ways that drug traffickers laundered their money. The banks and insurance company have once again unwittingly become a willing partner in fraud, money laundering and financing terrorist in their crime against humanity. Although the Basle rules are only applicable to banking, other international standards and national laws on fraud,anti-money laundering and anti-terrorist financing exist which are also applicable to non-banking financial services. ICFE is the leading and recognized practitioner in Money Laundering Deterrence training and implementation of system in AML compliance. We have a proven history of success in our training for financial institutions from Beijing to Sydney. This is the reason why we propose this training to facilitate financial institutions in Malaysia to implement an overall policy covering all relevant financial areas. Banks, insurance companies, Asset Management companies and many broker-dealer firms may not be aware of the independent testing component of the anti-money laundering compliance program that each of them is required to implement. Led By:

Tommy Seah (Principal Trainer)

& Stanley Chia (Trainer-In-Attendance)

Complete the registration form at the back of this brochure and return it to us by fax @ (603) 2147 4666

Approved CPD Provider

Become an Associate Member of CSI WORLD HEADQUARTERS (worth USD200) for FREE! See brochure for more details

AIA Members stand to receive 14 units of CPD hours by attending this seminar

CSI Members enjoy 16 units of CPE Credits

CSI World Headquarters Training Professionals Globally

The purpose of this training is to provide appropriate steps to ensure that Heads of Departments, Managers and everyone that is interested in preventing money laundering are regularly trained on and be acquainted with: (a) AML/CFT laws and regulations, and in particular, CDD measures, detecting and reporting of suspicious transactions; (b) Prevailing techniques, methods and trends in money laundering and terrorist financing; and (c) the organization’s internal policies, procedures and controls on AML/CFT and the roles and responsibilities of staff in combating money laundering and terrorist financing and to call your attention to this compliance testing requirement and to discuss possible methods of fulfilling the requirements of AMLA as it applies to the business in Malaysia.

Objective of this program The objective of this training is compliance with international and national legislation on fraud, anti-money laundering and anti-terrorist financing. It can be used to supplement the insurance company’s effort to mitigate its reputation risk, legal risk, operational risk and concentration risk regarding involvement in financial economic crime (fraud, money laundering and terrorist financing).

OBJECTIVES Upon completion of the programme, participants should be able to: • Identify and be aware of risks and opportunities for money laundering and financing of terrorism arising from asset management business; including the prevailing techniques, methods and trends; • Comply with the ‘Know Your Customer Policy’ and take adequate Customer Due Diligence measures and identify suspicious transactions of money laundering, in compliance with AMLA Regulations, Notices and Guidelines • Be aware of the legal obligations imposed on asset management companies and their employees under the AML/CFT laws and regulations.

Who Should Attend:-

CONTENT

▪ Senior Management and Intermediate level ▪ Anyone interested in AML, Compliance and Risk Management in Financial Institutions 2. AML/CFT Laws and Regulations ▪ Banks & other Financial Institutions • AMLA Regulations, Notices and Guidelines ▪ Financial Intelligence Units (FIUs) 3. Ensuring compliance of AMLA Regulations, Notices and Guidelines ▪ Government Regulators ▪ Law enforcement and Intelligence • CDD measures • Reporting of Suspicious Transactions agencies ▪ Armed forces 4. Creating an Internal Money Laundering Prevention Internal policies, ▪ Legal Profession procedures and controls on AML/CFT ▪ Immigration / Customs • Developing a Risk Averse Culture without affecting Profitability ▪ Airport / Port Authorities • Systems Support ▪ Telecommunications • Training and Awareness programs ▪ Internal & External Auditors • Ensuring Compliance - Roles and responsibilities of staff in 1. Introduction to Money Laundering and Terrorism Financing • Definition • Nature of offence of money laundering • The financing of terrorism

combating money laundering and terrorism financing

*The distinctive feature of this program is that Case Studies will be used throughout the two days training* Tel : (603) 2147 4580

www.icfe-cg.com

Fax: (603) 2147 4666

enquiry@icfe-cg.com

Call today for a COMPLIMENTARY CONSULTATION! No Obligations. Tel: (603) 2147 4580 | Fax: (603) 2147 4666 | www.icfe-cg.com | enquiry@icfe-cg.com

About Our Workshop Leader

Tommy Seah

• The only Regent Emeritus of the Association of Certified Fraud Examiners (ACFE) within the Asia Pacific • Chairperson Emeritus of CSI World Headquarters • World Class Financial Management Expert • Double Firsts in Financial Management and Accountancy (U.K.) • Chartered Banker, International Accountant, FCPA (USA), CSOXP • Member of Advisory Board to SOX Institute (N.Y.) • Member of Singapore Institute of Directors To say that Tommy is a man of many talents would be an understatement. He is one of those people that you would like to meet in person. Unassuming, straight talking, funny, sincere, ruthlessly honest, experienced and helpful would be some of the usual comments about him. Tommy is the only Singaporean that has ever achieved a Double First in the English Accountancy Examination for Financial Management and in the Accountancy Finals.

abroad. Notwithstanding the fact that he is exceedingly well known in the Financial and Economic Crime circle as a Number One Fraud In 2005, he was appointed as Compliance Adviser to a US$25 billion Asset Management Company. In the following year he was invited to be He conducts Asset and Liability Management Executive Coaching sessions to some of the most established Financial Institutions in the

Vice Chairman. He is the only Asian that sits on the American Board of Regents.

methodology.

of Economics by the CIOD, Shanghai, Greater China. Tommy is also the author of “101 Methods of Money Laundering” & “Sound Financial Management”. His hobbies include sharing his

Trainer In Attendance

Mr Stanley Chia

• Certified Fraud Examiner (CFE) with the Association of Certified Fraud Examiners (ACFE) • Certified Member (CAMS) with Association of Certified Anti-Money Laundering Specialists (ACAMS) • Certified System Investigator (CSI) with the CSI World Headquarters • Member of GRC Group New York • Member of International Compliance Association (ICA) Stanley is the Managing Director of ICFE Consultancy Group Pte Ltd, a think-tank company that provides multi-consultancy solutions to companies world-wide. He specializes in investigative interviewing & profiling techniques and has handled numerous cases for both local and foreign financial institutions. He is also well versed in financial products knowledge, fraud examination techniques and compliance methodologies. Stanley has worked for large financial institutions like AIA Insurance, Singapore Exchange and United Overseas Bank where he was involved in anti-money laundering, compliance, enforcement and fraud investigation work. To date, he has investigated more than 100 fraud and compliance-related cases and some of them involved over US$1M. He also holds a Master of Commerce, specializing in Business Law from The University of New South Wales. He obtained his Bachelor of Economics, majoring in Money & Banking and Accounting in 2001 from The University of Western Australia. Important Notice “ Due to the interactive nature of the learning session, the sequence and contents of the program maybe vary according to the needs of the participants. The speaker reserves the right and the privilege to conduct the program in the manner which he thinks to be in the best interest of the majority of the participants. Please ensure that you understand this completely so as to prevent any form of unrealistic expectation and or disappointment in a public enrolment program that was not tailored to your specific need. Please inform the organizer in advance if you are not agreeable or do not completely understand the above term and we will review your enrolment accordingly. ”

Effective Compliance in Anti-Money Laundering in Malaysia 18 - 19 March 2010

Parkroyal Hotel, Kuala Lumpur

How to Register Fax Tel : (603) 2147 4577 : (603) 2147 4666 Email : angel.low@icfe-cg.com Web : www.icfe-cg.com Post To: ICFE Malaysia Sdn Bhd Level 28, Central Plaza. 34 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia Participant Details

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Course Fee RM 2500* (2-Day)

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Preferred Mode of Payment By Cheque (Please cross cheque made payable to ICFE Malaysia Sdn Bhd and mail your payment together with this registration form to the Company address stated in the “How to Register” box above. Telegraphic Transfer (Malaysia & Other Delegates) Public Bank Berhad Account No.: 3-1575918-33 Account Name: ICFE Malaysia Sdn Bhd

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