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.

 
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 4.5 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 Sessions:
 

For more information on Mandatory Training and Proficiency Test requirements for Registered Filing Agents, please visit ACRA’s website or click here.


The 30 August 2019 session of this event has been accredited by the Singapore Institute of Legal Education (SILE). Please note that not all sessions are accredited under the CPD Scheme. Participants are advised to check the CALAS website at https://www.silecpdcentre.sg/calas/ to check if the session they wish to attend is accredited, should they wish to obtain Public CPD Points.  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 signing in on arrival and signing out at the conclusion of the activity in the manner required by the organiser, and not being absent 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.


Training Methodology
Seminar style
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

All level