Course Detail(E149 : Business Ethics: Best Practices in Anti-Money Laundering (AML))

E149 : Business Ethics: Best Practices in Anti-Money Laundering (AML)

7.00 CPE Hours (Category 2)
Classroom

Programme Objective
 
The seminar provides an overview of the developments in anti-money laundering, and what organizations can do to combat money laundering.

Programme Outline

International Money Laundering Frameworks and Conventions

  • A look into the key international bodies, treaties, frameworks and conventions which have been established to combat money laundering and terrorist financing, including an idea of how and why these developed in the way they did.

Developments & Changes in Regional and Local Regulatory Environments
  • A look at MAS Notice 626, which focuses on Prevention of Money Laundering and Countering the Financing of Terrorism 
  • What updates have been made and how do these differ from previous Notices?
  • How are these changes linked to the changing of the Recommendations from the Financial Action Task Force?
  • Heightened supervisory focus on Corporate Service Providers (CSP’s) and
  • Designated Non Financial Services and Businesses (DNFSB’s)

Combatting Money Laundering
 
  • What is being done in the global marketplace to fight back against criminals who always seem one step ahead?
  • How does new technology help combat money laundering and also open up avenues for increased financial crime?

Overview of the Risk Based Approach
  • What is the Risk Based approach in theory and in practice?
  • Risks – Reputational, Operational, Legal and Personal

KYC and Red Flag Indicators 
  • An overview of KYC, including the core components which comprise an institutional KYC Framework:
  • On-Boarding, Due Diligence, & Customer Due Diligence
  • Enhanced Due Diligence
  • An analysis of key Red Flags, especially throughout the On-Boarding and

Ongoing KYC phases of a business relationship cycle
 
Sanctions Law
  • What is sanctions law?
  • Who imposes sanctions Law?
  • UN Security Council Resolutions (UNSCR) and Section 27 of the MAS Act
  • Impact on institutions and nations
Training Methodology

Lecture style, with Exercises/Case Studies
 
A mixture of recent, real cases, and scenario analysis, including previously imposed fines, business limitations, licence revocations and personal punishments will be used.
 
Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

A Foundation to Intermediate level programme intended for Practising and Non-Practising Accountants and Auditors. Professionals who may have the chance to come across money laundering in their work are welcome to attend. CFOs, Internal Auditors, Finance Managers, Risk Managers and Department Supervisors who would like understand about the issues surrounding money laundering are welcome to attend.

Competency Mapping

Category 2 = 7.00 Hours

Schedule & Fees

Date & Time

10 Sep 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Sam Gibbins

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

03 Dec 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Sam Gibbins

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

03 Dec 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Sam Gibbins

Date & Time

12 Sep 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Sam Gibbins

Date & Time

07 Dec 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Sam Gibbins

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Sam Gibbins
 
Currently the regional General Manager of a Governance consulting outfit, Sam has been based in Singapore for eight years working on consulting, learning, and development, across a range of public and private institutions. Prior to that, Sam spent five years in Singapore working for the International Compliance Association, developing, building, and promoting courses under the Financial Industry Competency Standards. These standards were categorised under the Workforce Skills Qualification (WSQ) system from the Singapore Workforce Development Agency, helping to build the competence of working professionals through development, enhancement, and application of skills and knowledge.
 
Alongside this, Sam also worked on the skills and competency-based development framework, and associated courses, for Compliance and Anti-Money Laundering with the Asian Institute of Finance and the Asian Institute of Chartered Bankers (formerly IBBM), as well as with the Australian Financial Markets Association. In recent years he has helped establish a number of ‘Compliance Academies’ at global firms.
 
As well as building public courses, Sam has worked with organisations to develop bespoke courses suited to individual clients needs for a variety of regional and global businesses. He often trains clients in workshop facilitation sessions, is an Associate Trainer with the Financial Training Academy at the Aventis School of Management, a Corporate Trainer and Facilitator with PD Training, as well a registered Enrichment Trainer with the Ministry of Education (Singapore). He is a current faculty member of the Graduate Diploma in Organizational Psychology with the Aventis School of Management.
 
Sam has completed the Advanced Certificate in Training and Assessment with the Institute for Adult Learning, the in-house training division of the Singapore Workforce Development Agency. He possesses a BA (Hons) from King’s College, University of London, as well as a Diploma in Anti-Money Laundering from the International Compliance Association, a Certificate in Combating Financial Crime from the Chartered Institute for Securities & Investment (CISI), and is also a Certified Compliance and Ethics Professional (International) with the Society for Corporate Compliance and Ethics. He is a member of the Singapore Institute of Directors, the Australian Chamber of Commerce, the International Compliance Association, the Chartered Institute for Securities & Investment and the Adult Education Network.
 

Programme Objective
 
The seminar provides an overview of the developments in anti-money laundering, and what organizations can do to combat money laundering.

Programme Outline

International Money Laundering Frameworks and Conventions

  • A look into the key international bodies, treaties, frameworks and conventions which have been established to combat money laundering and terrorist financing, including an idea of how and why these developed in the way they did.

Developments & Changes in Regional and Local Regulatory Environments
  • A look at MAS Notice 626, which focuses on Prevention of Money Laundering and Countering the Financing of Terrorism 
  • What updates have been made and how do these differ from previous Notices?
  • How are these changes linked to the changing of the Recommendations from the Financial Action Task Force?
  • Heightened supervisory focus on Corporate Service Providers (CSP’s) and
  • Designated Non Financial Services and Businesses (DNFSB’s)

Combatting Money Laundering
 
  • What is being done in the global marketplace to fight back against criminals who always seem one step ahead?
  • How does new technology help combat money laundering and also open up avenues for increased financial crime?

Overview of the Risk Based Approach
  • What is the Risk Based approach in theory and in practice?
  • Risks – Reputational, Operational, Legal and Personal

KYC and Red Flag Indicators 
  • An overview of KYC, including the core components which comprise an institutional KYC Framework:
  • On-Boarding, Due Diligence, & Customer Due Diligence
  • Enhanced Due Diligence
  • An analysis of key Red Flags, especially throughout the On-Boarding and

Ongoing KYC phases of a business relationship cycle
 
Sanctions Law
  • What is sanctions law?
  • Who imposes sanctions Law?
  • UN Security Council Resolutions (UNSCR) and Section 27 of the MAS Act
  • Impact on institutions and nations
Training Methodology

Lecture style, with Exercises/Case Studies
 
A mixture of recent, real cases, and scenario analysis, including previously imposed fines, business limitations, licence revocations and personal punishments will be used.
 
Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

A Foundation to Intermediate level programme intended for Practising and Non-Practising Accountants and Auditors. Professionals who may have the chance to come across money laundering in their work are welcome to attend. CFOs, Internal Auditors, Finance Managers, Risk Managers and Department Supervisors who would like understand about the issues surrounding money laundering are welcome to attend.

Competency Mapping

Category 2 = 7.00 Hours

Programme Facilitator(s)

Sam Gibbins
 
Currently the regional General Manager of a Governance consulting outfit, Sam has been based in Singapore for eight years working on consulting, learning, and development, across a range of public and private institutions. Prior to that, Sam spent five years in Singapore working for the International Compliance Association, developing, building, and promoting courses under the Financial Industry Competency Standards. These standards were categorised under the Workforce Skills Qualification (WSQ) system from the Singapore Workforce Development Agency, helping to build the competence of working professionals through development, enhancement, and application of skills and knowledge.
 
Alongside this, Sam also worked on the skills and competency-based development framework, and associated courses, for Compliance and Anti-Money Laundering with the Asian Institute of Finance and the Asian Institute of Chartered Bankers (formerly IBBM), as well as with the Australian Financial Markets Association. In recent years he has helped establish a number of ‘Compliance Academies’ at global firms.
 
As well as building public courses, Sam has worked with organisations to develop bespoke courses suited to individual clients needs for a variety of regional and global businesses. He often trains clients in workshop facilitation sessions, is an Associate Trainer with the Financial Training Academy at the Aventis School of Management, a Corporate Trainer and Facilitator with PD Training, as well a registered Enrichment Trainer with the Ministry of Education (Singapore). He is a current faculty member of the Graduate Diploma in Organizational Psychology with the Aventis School of Management.
 
Sam has completed the Advanced Certificate in Training and Assessment with the Institute for Adult Learning, the in-house training division of the Singapore Workforce Development Agency. He possesses a BA (Hons) from King’s College, University of London, as well as a Diploma in Anti-Money Laundering from the International Compliance Association, a Certificate in Combating Financial Crime from the Chartered Institute for Securities & Investment (CISI), and is also a Certified Compliance and Ethics Professional (International) with the Society for Corporate Compliance and Ethics. He is a member of the Singapore Institute of Directors, the Australian Chamber of Commerce, the International Compliance Association, the Chartered Institute for Securities & Investment and the Adult Education Network.
 

Upcoming Schedule

Date & Time

10 Sep 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61
For Non-Members: $ 415.16

Programme Facilitator(s)

Sam Gibbins

Venue

60 Cecil Street
ISCA House
Singapore 049709