Malaysia Anti-Money Laundering/
Countering Financing of Terrorism (AML/CFT) Training

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Details of AML Training

Topic:Malaysia Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) Training
How to develop an effective AML/CFT Internal Policies Procedures and Controls
Date:18 Aug 2022 (Thursday)
Time:2.30pm – 4.30pm
Venue:WORQ, Unit 3.07, Level 3, KL Gateway Mall Gateway Mall, No 2, Jalan Kerinchi, Pantai Dalam, 59200 Kuala Lumpur
Language:English
Price:Free
Registration:Till 17 Aug 2022

Highlights​

  • Free Public Training for DNFBPs in Malaysia
    (Lawyers, Accountants, Trust Companies, Company Secretaries, Dealers in Precious Metals / Precious Stones, Registered Estate Agents, as reporting institutions regulated by BNM for AML/CFT compliance)
  • Up to 36% Exclusive Discounts on SentroWeb AML software + a chance to get a FREE IPPC Template for participants
  • The training will cover practical information and guides on AML/CFT, including:
    • Overview of Bank Negara Malaysia (BNM) AML/CFT policy document for Designated Non-Financial Businesses and Professions (DNFBPs)
    • Training on developing an effective AML/CFT Internal Policies, Procedures and Controls (IPPC)
    • Case sharing to highlight the latest AML trends in 2022
    • Demo on how to enhance your AML/CFT Process through Technology (including Screening, Customer Due Diligence, Ongoing Monitoring)
  • Certificate of Attendance will be provided

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    About the AML Training

    Effective 1 Jan 2020, professional firms in Malaysia are required to comply with the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (“AMLA”).  Accordingly, BNM as the regulator has issued a policy document to assist the reporting institutions to meet their AML/CFT obligations under AMLA.

    While the policy document is useful, it is important for professional firms to set up the operational processes to deal with the AML/CFT risks and keep up to date on the latest trends and developments in AML/CFT. This training will cover the best practices and latest trends for AML/CFT for the small and medium-sized professional firms in Malaysia.

    Rundown for AML Training

    2.00pm – 2.30pmRegistration
    2.30pm – 3.15pm

    Training on AML/CFT Internal Policies, Procedures and Controls (in English)
    Speaker: Mr Martin Lim, Ingenique Solutions

    In Section 10 and 11 of the BNM policy document on the AML/CFT and Targeted Financial Sanctions for DNFBPs, there is a need for firms to implement internal policies, procedures and controls (IPPC) to address ML/TF risks.

    How does a firm develop and implement these AML/CFT IPPC in their day-to-day operations to mitigate the ML/TF risks and comply with the AMLA requirements?

    This session will share with the participants practical implementation that will balance compliance requirements and business needs, with focus on Customer Due Diligence and Ongoing Monitoring.

    3.15pm – 3.45pm

    Latest AML Trends to Watch for in 2022 (in English)
    Speaker: Mr Thomas Tay, Ingenique Solutions

    The pandemic and global geopolitics affect businesses. Likewise, they affect the compliance risks that businesses need to pro-actively manage. This session will share with you the key AML/CFT trends that have developed during the pandemic, and the evolving sanction risks due to the Russo-Ukrainian war.

    3.45pm – 4.05pm

    Leveraging on Technology to Help Comply with AMLA (in English)
    Speaker: Mr Edward Chan, Ingenique Solutions

    Using SentroWeb, one of the innovative AML systems in the market, as a short demo, to show you how Regtech help you effectively manage AML/CFT risks and comply with AMLA regulatory requirements.

    *Attendees are welcome to find out more about SentroWeb AML Software after the training.

    4.05pm – 4.15pmQ&A

    Registration open 30 mins before the training start

    Speaker: Mr Martin Lim, Ingenique Solutions

    In Section 10 and 11 of the BNM policy document on the AML/CFT and Targeted Financial Sanctions for DNFBPs, there is a need for firms to implement internal policies, procedures and controls (IPPC) to address ML/TF risks.

    How does a firm develop and implement these AML/CFT IPPC in their day-to-day operations to mitigate the ML/TF risks and comply with the AMLA requirements?

    This session will share with the participants practical implementation that will balance compliance requirements and business needs, with focus on Customer Due Diligence and Ongoing Monitoring.

    Speaker: Mr Thomas Tay, Ingenique Solutions

    The pandemic and global geopolitics affect businesses. Likewise, they affect the compliance risks that businesses need to pro-actively manage. This session will share with you the key AML/CFT trends that have developed during the pandemic, and the evolving sanction risks due to the Russo-Ukrainian war.

    Speaker: Mr Edward Chan, Ingenique Solutions

    Using SentroWeb, one of the innovative AML systems in the market, as a short demo, to show you how Regtech help you effectively manage AML/CFT risks and comply with AMLA regulatory requirements.

    Q&A Session

    About the Speakers

    Martin is the person behind the product development of all products by Ingenique. Prior to joining Ingenique, Martin has more than 15 years in the IT industry covering both technical and business development responsibilities.  With Ingenique, he frequently engages with small and medium sized professional firms to assist them in implementing AML/CFT policies, procedures and controls, and to prepare for regulatory inspections and reviews. 

    Martin’s past experience includes being appointed by Singapore Ministry of Law’s to train the Precious Stones and Precious Metal Dealer sector on AML/CFT compliance.   He is also the honorary AML/CFT Advisor for Singapore Bullion Market Association (SBMA).

    Thomas Tay is responsible for the South East Asia sales in Ingenique Solutions. He plans, develops and implements strategies to incorporating annual sales. He ensures a consistent approach to policies and strategy implementation through regular and effective communication with all relevant stakeholders and also business continuity in the region by maintaining relationships with key clients in the market.

    Armed with experienced relationship skills and knowledge in AML/CFT matters, he plays a key role in developing and growing the Singapore and Malaysia markets to help clients address their AML/CFT related issues & requirements.

    Edward Chan is a Senior Sales Executive responsible for the sales in Ingenique Solutions. With Ingenique, he plays a key role in developing and growing the Malaysia market, by putting his strong client relationship skills and practical knowledge in AML/CFT matters to help clients address their AML/CFT related issues, concerns & requirements.