AMLA For Management Team

OVERVIEW

Duration: 2 Hours

This course provides a comprehensive and practical analysis of Money Laundering schemes, Anti-Money Laundering legislation, and counter-measure techniques and implementation. Participants will learn to understand the complexities associated with the prevention and the protection of their organizations. They will cover different types of schemes, the methods available to prove income, what records are required, how to analyze them, and how to identify leads.

Considering the most current cases of violation of Anti-Money Laundering regulations and the cost associated with it, not only in money but in reputation as well, this course will give participants guidance and understanding of regulations both in the Gulf, and internationally, to ensure organizations stay ahead in protecting their assets.

LEARNING PROCESS



Module 1: General Provisions of Anti Money Laundering, Anti Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA)





  • Purpose, Policies and Principles

  • Definition of Terms

  • Unlawful Activities

  • Covered Persons






Module 2: Money Laundering, Terrorism Financing and Asset Forfeiture





  • Money Laundering and Terrorism Financing

  • Freeze Order

  • Bank Inquiry

  • Asset Forfeiture






Module 3: Risk Assessment and Risk Management





  • Risk Management based on ISO 31000 and Risk Based Approach on QMS ISO 9001:2015

  • Attitudes / reaction towards risks.

  • Identifying risk – Identification practice and techniques

  • Identifying tools

  • Risk Analysis of Potential Frequency and Gravity (severity) of losses.

  • Selection & Implementation of the most appropriate Risk Management Technique

  • Monitoring and reviewing suitability of management technique






Module 4: Compliance Framework





  • Legal

  • Standards

  • Best Practices

  • For the purposes of managing the following Assets

    • People (Internal & External)

    • Property (Tangible & Intangible)








Module 5: Preventive Measures (Due Diligence and Verification Process)





  • Customer Due Diligence (CDD)

  • Purpose and Applicability of CDD

  • Customer Due Diligence Measures

  • Customer Identification Process

  • Customer Verification Process

    • Use of Communication and Information Technology

    • Digital Verification

    • Record Keeping



  • Identification and Verification of Agents

    • Contract Management



  • Beneficial Ownership Verification

  • Risk-based approach in conducting CDD

  • Transaction reporting




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SKILL MASTERS ACADEMY formerly known as Chalk Talk Consultants Plt was founded in the year 2015 and incorporated in Malaysia.

Its Registered Office is situated at No. 2, Jalan Duku, Off Jalan Kasipillay, 3rd Mile Jalan Ipoh, 51200 W.P Kuala Lumpur, Malaysia.

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