Course Detail(TAX231 : Designated Tax Crimes: Impact on Anti-Money Laundering Measures)

TAX231 : Designated Tax Crimes: Impact on Anti-Money Laundering Measures

3.50 CPE Hours (Others)
Classroom


Programme Objective

With effect from 1 July 2013, the Monetary Authority of Singapore (“MAS”) has designated tax crimes as money laundering predicate offences.  Financial Institutions (“FIs”) have applied the full suite of the Anti-Money Laundering (“AML”) / Countering the Financing of Terrorism measures to prevent the laundering of proceeds from serious tax crimes.

This course aims to provide participants with a better understanding of tax crimes and the intricacies of applying the AML measures to identify proceeds from tax crimes in financial markets and institutions.
 

Programme Outline

  • What is a tax crime?
  • Where do Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS)/Automatic Exchange of Information (AEOI) fit in?
  • Impact on and changes to AML measures with case studies
  • What does the future look like?
Training Methodology

Lecture/seminar style with. Group exercises and case studyies discussions. may be conducted. Participants are encouraged to actively participate and contribute their views and perspective from their experience.
 
Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This programme is for tax professionals and compliance officers working in Financial Institutes. Other professionals who are involved in the review of potential cases of tax crimes and/or its proceeds, risk control assessment under AML measures for tax crimes are welcome to attend.

Competency Mapping

Others = 3.50 Hours

Schedule & Fees

Date & Time

06 Dec 2019 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Lum Kah Wai

Date & Time

05 Jul 2019 (2:00 PM - 5:30 PM)

Registration is closed

Programme Facilitator(s)

Lum Kah Wai

Date & Time

29 Oct 2018 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Lum Kah Wai

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Lum Kah Wai
Accredited Tax Advisor (Income Tax & GST)
Chartered Accountant of Singapore
 
Kah Wai has more than 20 years of tax experiences gained in Big Four firms and commercial sector, most recently as the Head of Tax for Asia Pacific region in a well-known global international bank.  He has experience over a wide span of taxation areas including corporation and direct tax, indirect tax such as GST and VAT, transfer pricing, operational tax and transaction tax.
 
During his time in the commercial and banking sectors, he used his extensive tax knowledge and experience, combined with business acumen to provide practical and workable solutions to the management and business lines in order to advance the commercial interest of the organisations.  During his stint in the banking industry, he participated actively in the Tax Committee of The Association of Banks in Singapore to resolve common tax issues and uncertainty in the industry and assisted in lobbying efforts of the Committee.
 


Programme Objective

With effect from 1 July 2013, the Monetary Authority of Singapore (“MAS”) has designated tax crimes as money laundering predicate offences.  Financial Institutions (“FIs”) have applied the full suite of the Anti-Money Laundering (“AML”) / Countering the Financing of Terrorism measures to prevent the laundering of proceeds from serious tax crimes.

This course aims to provide participants with a better understanding of tax crimes and the intricacies of applying the AML measures to identify proceeds from tax crimes in financial markets and institutions.
 

Programme Outline

  • What is a tax crime?
  • Where do Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS)/Automatic Exchange of Information (AEOI) fit in?
  • Impact on and changes to AML measures with case studies
  • What does the future look like?
Training Methodology

Lecture/seminar style with. Group exercises and case studyies discussions. may be conducted. Participants are encouraged to actively participate and contribute their views and perspective from their experience.
 
Closing Date for Registration

1 week before programme or until full enrolment

Intended For

This programme is for tax professionals and compliance officers working in Financial Institutes. Other professionals who are involved in the review of potential cases of tax crimes and/or its proceeds, risk control assessment under AML measures for tax crimes are welcome to attend.

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Lum Kah Wai
Accredited Tax Advisor (Income Tax & GST)
Chartered Accountant of Singapore
 
Kah Wai has more than 20 years of tax experiences gained in Big Four firms and commercial sector, most recently as the Head of Tax for Asia Pacific region in a well-known global international bank.  He has experience over a wide span of taxation areas including corporation and direct tax, indirect tax such as GST and VAT, transfer pricing, operational tax and transaction tax.
 
During his time in the commercial and banking sectors, he used his extensive tax knowledge and experience, combined with business acumen to provide practical and workable solutions to the management and business lines in order to advance the commercial interest of the organisations.  During his stint in the banking industry, he participated actively in the Tax Committee of The Association of Banks in Singapore to resolve common tax issues and uncertainty in the industry and assisted in lobbying efforts of the Committee.
 

Upcoming Schedule

Registration is closed

Date & Time

06 Dec 2019 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Lum Kah Wai

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537