Please read the information below:
1) The course has been converted to blended learning to include pre-course reading materials and bite sized e-learning modules (CPE hours are not issued for e-learning) to be completed before you attend the live webinar. Please note the live webinar will be conducted over 3.5 hours where the training content is revised for relevance in the current context. Participants are encouraged to complete the e-learning module before attending the live webinar.
2) For more information on how to access and use the E-Learning Course, please download a copy of the user guide here.
3) The Proficiency test is administered by ACRA separately. Please visit ACRA website or click here for more information on the Proficiency Test.
4) If you are a lawyer and wish to claim your CPD points via E154v, please scroll down to the end of the page to read SILE attendance policy.
Should you require any assistance, please contact us via email at cpe@isca.org.sg or call us at 67498060 / 6597 5533.
Notice
Your enrolment would constitute that consent has been given to ISCA to release your personal information to ACRA for their verification and record purpose. Please ensure that your NRIC / FIN number submitted for the online enrolment is accurate.
By registering to this course, you agree to ISCA Privacy and Data Protection Policy at http://isca.org.sg/privacy-and-data-protection-policy and that ISCA may collect, use and/or disclose your personal data for matters relating to the enrolment of the course in accordance with the Personal Data Protection Act 2012. The Institute may from time to time use your personal data to inform you of related news, activities, benefits, goods, services, facilities and events. The Institute may also use your personal data for the conduct of statistical research and studies, and analyse the data collected to administer, develop and improve its services. For the purpose of event coverage, photography (and videography) will be in progress during the event. Please inform the photographers (or organiser) if you do not wish for your photographs to be taken. Further, you agree that ISCA may disclose your Personal Data to ACRA for the purpose of processing your enrolment and course administration, which shall be subject to ACRA's data policy.
Programme Objective
This course intends to provide Registered Filing Agents (RFAs) with sufficient knowledge and understanding in respect of anti-money laundering (AML) and counter financing of terrorism (CFT) to enable RFAs to better comply with prevailing ACRA and relevant Singapore’s regulatory requirements in this regard.
The course will be delivered over a 3.5 hours session and followed with a mandatory assessment to be separately administered by ACRA.
Programme Outline
The course is designed to enable RFAs to demonstrate:
- knowledge and understanding of AML/CFT legislations, regulatory trends and developments in Singapore
- knowledge and understanding of the AML/CFT environment in Singapore and international trends and typologies
- knowledge and understanding of how to carry out risk assessment and conduct various types of customer due diligence
- familiarity with ACRA Guidelines for RFAs
- awareness of how ACRA’s Compliance review and inspections impact RFAs
Learning Outcomes
At the end of the Course, RFAs should be able to
- explain how and why money laundering and terrorism financing is negatively affecting global economy
- identify the global and local regulatory trends and typologies in AML/CFT
- identify the stages of money laundering and terrorism financing and how their origins in criminal activities can be disguised in order to avoid the criminals involved from detection and prosecution
- understand the risk involved for RFAs when dealing with money launderers, terrorists and sanctioned names
- recognise that such risks can be mitigated by RFAs complying with ACRA Guidelines and take appropriate steps to put in place relevant control mechanism
- implement a reasonable, objective and consistent methodology in risk assessment
- draft an appropriate IPPC for its business operation in order to comply with ACRA Guidelines
- understand how to carry out customer due diligence, identification and verification of customer identity and corresponding record keeping obligations
- put in place appropriate Compliance and Audit arrangement as well as Employee screening and training plans
| Training Session | Speaker / Duration |
| Programme Outline (E-learning Module) | 4-Hour |
Part 1 | Section A | 1. Overview of Money Laundering, Terrorism Financing and Proliferation Financing on Sanctions | Benjamin Ngo |
Section B | 2. Financial Action Task Force (FATF) |
3. Global and Regional Context |
Section C | 4. AML / CFT / Sanctions Requirements |
5. Typologies – For Reading |
Part 2 | - | 1. Risk Assessment | Chionh Chye Kit |
2. Politically Exposed Persons (PEP) |
Part 3 | Section A | 3. ACRA’s Guidelines for Registered Filing Agents (RFAs) |
4. Internal Policy, Procedures and Control (IPPC) |
5. Performance of Customer Due Diligence (CDD) Measures |
6. Identification and Verification of Customers, Agents and Beneficial Owners |
7. Timing of Verification |
8. Performance of CDD Measures by Third Parties |
9. Ongoing Monitoring |
10. Simplified CDD Vs Enhanced CDD |
11. Enhanced Customer Due Diligence Measures |
Section B | 12. Suspicious Transaction Reporting (STR) |
13. Record Keeping |
14. Compliance Management |
15. Employee Screening and Training |
References |
| Live Webinar | 3.50-Hour |
Part 4 | - | 1. Recap of Key Concepts and Requirements (including Risk Assessment, IPPC, CDD, STR etc) | 1pm to 4.30pm |
2. Case Studies – Practical Illustration and Discussion | Benjamin Ngo & |
3. Q&A (Pigeonhole Live) | Chionh Chye Kit |
Part 4: Live Webinar - Programme Flow |
1 | 12.30pm to 1.00pm | 30 Minutes | WebinarLogin |
2 | 1.00pm to 1.30pm | 30 Minutes | Mr Benjamin Ngo / Mr Chionh Chye Kit |
3 | 1.30pm to 2.30pm | 60 Minutes | Mr Benjamin Ngo – Case Studies |
4 | 2.30pm to 2.45pm | 15 Minutes | Break |
5 | 2.45pm to 3.45pm | 60 Minutes | Mr Chionh Chye Kit – Case Studies |
6 | 3.45pm to 4.00pm | 15 Minutes | Break |
7 | 4.00pm to 4.30pm | 30 Minutes | Q&A Moderate Q&A session / Pigeonhole |
| | 3.5 Hours | Total CPE Hours |
| THE COVERAGE OF PART 4 - LIVE WEBINAR VIA ZOOM Overview - What is Money Laundering?
- What is Terrorism Financing?
- What is a Sanction?
- FATF - Overview
- FATF - 40 Recommendations
- ACRA Regulations - RFA Terms & Conditions
- Customer Due Diligence
- Risk Based Approach
- Compliance Management
- Case studies – Typologies, Indicators and Red Flags
|
Training Sessions:
Intakes | Dates | Organisers | Venue | Registration |
| Session 86 | 12-Feb-25 | ISCA | Live Webinar | |
For more information on Mandatory Training and Proficiency Test requirements for Registered Filing Agents, please visit ACRA’s website or click here.
Continuing Professional Development
| | Practice Area: Ethics and Professional Responsibility
Training Level: General
Public CPD Points: 2.5 |
Accreditation by SILE:
E154v: Anti-Money Laundering / Combating The Financing Of Terrorism (“AML / CFT”) Course (Live Webinar)
Date: 12 Feb 2025
Time: 1pm to 4.30pm
Note: This Training has been accredited by SILE as a Live Webinar. Lawyers are required to stay logged in throughout the webinar.
Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes logging in at the start of the webinar and logging out at the conclusion of the webinar in the manner required by the organiser, and not being away from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to http://www.sileCPDcentre.sg for more information.
For further clarification, please contact us at (65) 67498060 or email cpe@isca.org.sg.
Training Methodology
Seminar style
Closing Date for Registration
1 week before programme or until full enrolment
Past Sessions:
Intended For
All level
Competency Mapping
Category 2 = 3.50 Hours
Schedule & Fees
Date & Time
04 Dec 2024 (1:00 PM - 4:30 PM)
Registration is closed
Programme Facilitator(s)
Chionh Chye Kit
Benjamin Ngo
Venue
Live Webinar in or outside of
Singapore
Date & Time
12 Feb 2025 (1:00 PM - 4:30 PM)
Fee (inclusive of GST)
For Members:
$ 218.00
For Non-Members:
$ 218.00
Programme Facilitator(s)
Chionh Chye Kit
Benjamin Ngo
Venue
Live Webinar in or outside of
Singapore
Date & Time
16 Apr 2025 (1:00 PM - 4:30 PM)
Fee (inclusive of GST)
For Members:
$ 218.00
For Non-Members:
$ 218.00
Programme Facilitator(s)
Chionh Chye Kit
Benjamin Ngo
Venue
Live Webinar in or outside of
Singapore
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
Chionh Chye Kit
Chye Kit is the Co-Founder and Managing Director of Cynopsis Solutions and is responsible for its general operation, strategic direction and product development in the headquarter, Singapore. Chye Kit has over 20 years of financial and capital markets experience in Asia gained largely from working in Macquarie Group and ING Bank. His last role with Macquarie was Managing Director and Joint Regional Head of Compliance, Asia. He started his career in an external audit role with PricewaterhouseCoopers specialising in audit of financial services providers. Chye Kit graduated with Honours Degree in Accountancy from Nanyang Technological University, Singapore. He is a Fellow of International Compliance Association, United Kingdom and is conferred the designation of "IBF Advanced" by The Institute of Banking and Finance in Singapore. On a part-time basis, Chye Kit is also engaged by International Compliance Training Academy as a tutor in their various offerings of Diplomas and Advanced Certificate in "Governance, Risk & Compliance" and "Anti-Money Laundering & Countering Terrorism Financing".
Benjamin Ngo
Benjamin is the Compliance Director in the EFG Group overseeing the compliance function in Singapore. Benjamin provides valuable insight on AML issues to industry associations and has contributed towards industry feedback on consultations with ACRA on the prevention of money laundering and financing of terrorism. Benjamin’s areas of expertise include regulatory compliance, anti-money laundering and counter terrorist financing, sanctions, FATCA, data protection, business continuity planning, anti-bribery and corruption. Benjamin has dedicated close to 10 years in the compliance function of which the last 6 years have been in the trust and corporate services industry. His earlier experiences include positions in the compliance and AML functions of global banks.
Please read the information below:
1) The course has been converted to blended learning to include pre-course reading materials and bite sized e-learning modules (CPE hours are not issued for e-learning) to be completed before you attend the live webinar. Please note the live webinar will be conducted over 3.5 hours where the training content is revised for relevance in the current context. Participants are encouraged to complete the e-learning module before attending the live webinar.
2) For more information on how to access and use the E-Learning Course, please download a copy of the user guide here.
3) The Proficiency test is administered by ACRA separately. Please visit ACRA website or click here for more information on the Proficiency Test.
4) If you are a lawyer and wish to claim your CPD points via E154v, please scroll down to the end of the page to read SILE attendance policy.
Should you require any assistance, please contact us via email at cpe@isca.org.sg or call us at 67498060 / 6597 5533.
Notice
Your enrolment would constitute that consent has been given to ISCA to release your personal information to ACRA for their verification and record purpose. Please ensure that your NRIC / FIN number submitted for the online enrolment is accurate.
By registering to this course, you agree to ISCA Privacy and Data Protection Policy at http://isca.org.sg/privacy-and-data-protection-policy and that ISCA may collect, use and/or disclose your personal data for matters relating to the enrolment of the course in accordance with the Personal Data Protection Act 2012. The Institute may from time to time use your personal data to inform you of related news, activities, benefits, goods, services, facilities and events. The Institute may also use your personal data for the conduct of statistical research and studies, and analyse the data collected to administer, develop and improve its services. For the purpose of event coverage, photography (and videography) will be in progress during the event. Please inform the photographers (or organiser) if you do not wish for your photographs to be taken. Further, you agree that ISCA may disclose your Personal Data to ACRA for the purpose of processing your enrolment and course administration, which shall be subject to ACRA's data policy.
Programme Objective
This course intends to provide Registered Filing Agents (RFAs) with sufficient knowledge and understanding in respect of anti-money laundering (AML) and counter financing of terrorism (CFT) to enable RFAs to better comply with prevailing ACRA and relevant Singapore’s regulatory requirements in this regard.
The course will be delivered over a 3.5 hours session and followed with a mandatory assessment to be separately administered by ACRA.
Programme Outline
The course is designed to enable RFAs to demonstrate:
- knowledge and understanding of AML/CFT legislations, regulatory trends and developments in Singapore
- knowledge and understanding of the AML/CFT environment in Singapore and international trends and typologies
- knowledge and understanding of how to carry out risk assessment and conduct various types of customer due diligence
- familiarity with ACRA Guidelines for RFAs
- awareness of how ACRA’s Compliance review and inspections impact RFAs
Learning Outcomes
At the end of the Course, RFAs should be able to
- explain how and why money laundering and terrorism financing is negatively affecting global economy
- identify the global and local regulatory trends and typologies in AML/CFT
- identify the stages of money laundering and terrorism financing and how their origins in criminal activities can be disguised in order to avoid the criminals involved from detection and prosecution
- understand the risk involved for RFAs when dealing with money launderers, terrorists and sanctioned names
- recognise that such risks can be mitigated by RFAs complying with ACRA Guidelines and take appropriate steps to put in place relevant control mechanism
- implement a reasonable, objective and consistent methodology in risk assessment
- draft an appropriate IPPC for its business operation in order to comply with ACRA Guidelines
- understand how to carry out customer due diligence, identification and verification of customer identity and corresponding record keeping obligations
- put in place appropriate Compliance and Audit arrangement as well as Employee screening and training plans
| Training Session | Speaker / Duration |
| Programme Outline (E-learning Module) | 4-Hour |
Part 1 | Section A | 1. Overview of Money Laundering, Terrorism Financing and Proliferation Financing on Sanctions | Benjamin Ngo |
Section B | 2. Financial Action Task Force (FATF) |
3. Global and Regional Context |
Section C | 4. AML / CFT / Sanctions Requirements |
5. Typologies – For Reading |
Part 2 | - | 1. Risk Assessment | Chionh Chye Kit |
2. Politically Exposed Persons (PEP) |
Part 3 | Section A | 3. ACRA’s Guidelines for Registered Filing Agents (RFAs) |
4. Internal Policy, Procedures and Control (IPPC) |
5. Performance of Customer Due Diligence (CDD) Measures |
6. Identification and Verification of Customers, Agents and Beneficial Owners |
7. Timing of Verification |
8. Performance of CDD Measures by Third Parties |
9. Ongoing Monitoring |
10. Simplified CDD Vs Enhanced CDD |
11. Enhanced Customer Due Diligence Measures |
Section B | 12. Suspicious Transaction Reporting (STR) |
13. Record Keeping |
14. Compliance Management |
15. Employee Screening and Training |
References |
| Live Webinar | 3.50-Hour |
Part 4 | - | 1. Recap of Key Concepts and Requirements (including Risk Assessment, IPPC, CDD, STR etc) | 1pm to 4.30pm |
2. Case Studies – Practical Illustration and Discussion | Benjamin Ngo & |
3. Q&A (Pigeonhole Live) | Chionh Chye Kit |
Part 4: Live Webinar - Programme Flow |
1 | 12.30pm to 1.00pm | 30 Minutes | WebinarLogin |
2 | 1.00pm to 1.30pm | 30 Minutes | Mr Benjamin Ngo / Mr Chionh Chye Kit |
3 | 1.30pm to 2.30pm | 60 Minutes | Mr Benjamin Ngo – Case Studies |
4 | 2.30pm to 2.45pm | 15 Minutes | Break |
5 | 2.45pm to 3.45pm | 60 Minutes | Mr Chionh Chye Kit – Case Studies |
6 | 3.45pm to 4.00pm | 15 Minutes | Break |
7 | 4.00pm to 4.30pm | 30 Minutes | Q&A Moderate Q&A session / Pigeonhole |
| | 3.5 Hours | Total CPE Hours |
| THE COVERAGE OF PART 4 - LIVE WEBINAR VIA ZOOM Overview - What is Money Laundering?
- What is Terrorism Financing?
- What is a Sanction?
- FATF - Overview
- FATF - 40 Recommendations
- ACRA Regulations - RFA Terms & Conditions
- Customer Due Diligence
- Risk Based Approach
- Compliance Management
- Case studies – Typologies, Indicators and Red Flags
|
Training Sessions:
Intakes | Dates | Organisers | Venue | Registration |
| Session 86 | 12-Feb-25 | ISCA | Live Webinar | |
For more information on Mandatory Training and Proficiency Test requirements for Registered Filing Agents, please visit ACRA’s website or click here.
Continuing Professional Development
| | Practice Area: Ethics and Professional Responsibility
Training Level: General
Public CPD Points: 2.5 |
Accreditation by SILE:
E154v: Anti-Money Laundering / Combating The Financing Of Terrorism (“AML / CFT”) Course (Live Webinar)
Date: 12 Feb 2025
Time: 1pm to 4.30pm
Note: This Training has been accredited by SILE as a Live Webinar. Lawyers are required to stay logged in throughout the webinar.
Participants who wish to obtain CPD Points are reminded that they must comply strictly with the Attendance Policy set out in the CPD Guidelines. For this activity, this includes logging in at the start of the webinar and logging out at the conclusion of the webinar in the manner required by the organiser, and not being away from the entire activity for more than 15 minutes. Participants who do not comply with the Attendance Policy will not be able to obtain CPD Points for attending the activity. Please refer to http://www.sileCPDcentre.sg for more information.
For further clarification, please contact us at (65) 67498060 or email cpe@isca.org.sg.
Training Methodology
Seminar style
Closing Date for Registration
1 week before programme or until full enrolment
Past Sessions:
Intended For
All level
Competency Mapping
Category 2 = 3.50 Hours
Programme Facilitator(s)
Chionh Chye Kit
Chye Kit is the Co-Founder and Managing Director of Cynopsis Solutions and is responsible for its general operation, strategic direction and product development in the headquarter, Singapore. Chye Kit has over 20 years of financial and capital markets experience in Asia gained largely from working in Macquarie Group and ING Bank. His last role with Macquarie was Managing Director and Joint Regional Head of Compliance, Asia. He started his career in an external audit role with PricewaterhouseCoopers specialising in audit of financial services providers. Chye Kit graduated with Honours Degree in Accountancy from Nanyang Technological University, Singapore. He is a Fellow of International Compliance Association, United Kingdom and is conferred the designation of "IBF Advanced" by The Institute of Banking and Finance in Singapore. On a part-time basis, Chye Kit is also engaged by International Compliance Training Academy as a tutor in their various offerings of Diplomas and Advanced Certificate in "Governance, Risk & Compliance" and "Anti-Money Laundering & Countering Terrorism Financing".
Benjamin Ngo
Benjamin is the Compliance Director in the EFG Group overseeing the compliance function in Singapore. Benjamin provides valuable insight on AML issues to industry associations and has contributed towards industry feedback on consultations with ACRA on the prevention of money laundering and financing of terrorism. Benjamin’s areas of expertise include regulatory compliance, anti-money laundering and counter terrorist financing, sanctions, FATCA, data protection, business continuity planning, anti-bribery and corruption. Benjamin has dedicated close to 10 years in the compliance function of which the last 6 years have been in the trust and corporate services industry. His earlier experiences include positions in the compliance and AML functions of global banks.