— Free Webinar —
Understanding Anti-Money Laundering and Terrorism Financing
for the Charity Sector in Singapore
21 Mar 2024 (Thu) | 2:30 pm – 4:00 pm | Zoom
About the AML Webinar
Since 2015, the Commissioner of Charities (COC) has been drawing attention to the challenges associated with money laundering and terrorism financing within charitable institutions, and reiterating the critical importance of implementing effective AML/CFT measures in the sector after the S$2.8 billion money laundering case. At the same time, the Financial Action Task Force (FATF), a global money laundering and terrorism financing watchdog, highlighted the need for AML/CFT compliance for non-profit organizations (NPOs) in the Plenary this year.
In light of the evolving landscape of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), characterized by the escalating complexity of money laundering techniques employed by criminals and the strengthening of compliance regulations, it has become imperative for charities to be equipped with the knowledge and tools necessary to safeguard their organizations against money laundering and terrorism financing.
To support charity organizations in understanding their AML/CFT obligations and proactively addressing compliance risks, we are organizing a webinar that provides a comprehensive overview and key insights into AML/CFT legislation and the Guide outlined by the COC, as well as practical advice on implementing effective internal AML/CFT policies, procedures, and controls. Additionally, we will share some compelling case studies and a demonstration to showcase how to successfully mitigate AML/CFT risks and safeguard your charity.
Join us for this informative webinar to equip yourself with the knowledge and tools necessary to navigate the evolving landscape of AML/CFT regulations and stay ahead of the curve. Register now to secure your spot!
Highlights
- The webinar will cover practical information on AML/CFT, including:
- Overview of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) for Charity
- Practical Guide to Implementing Internal Policies, Procedures and Controls (IPPC)
- Case studies and demo on effectively mitigating AML/CFT risks (including screening, customer due diligence, and ongoing monitoring)
- Exclusive offers on SentroWeb AML/CFT software
- Certificate of Attendance will be provided
Rundown for the AML Webinar
| Date: 21 Mar 2024 (Thursday) Time: 2:30 pm – 4:00 pm Platform: ZOOM Online Webinar Language: English Price: Free (on First-come-first-serve basis) Registration Closing Date: 20 Mar 2024 (earlier, if upon full registration) | |
| 2.20pm – 2.35pm | Log in and Welcome Introduction |
| 2.35pm – 2.55am | Part 1: Anti-Money Laundering and Countering the Financing of Terrorism and its Application to the Charity Sector Speaker: Mr Thomas Tay, Ingenique Solutions Gain a comprehensive understanding of how Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regulations apply to the charity sector in Singapore. |
| 2.55pm – 3.30pm | Part 2: Practical Guide to Implementing Internal Policies, Procedures and Controls Speaker: Mr Martin Lim, Ingenique Solutions Learn practical strategies for developing and implementing effective internal policies, procedures, and controls to ensure compliance with AML/CFT requirements. Discover industry-leading practices that will help your charity establish robust frameworks to identify, detect, and prevent potential money laundering and terrorism financing activities. |
| 3.30pm – 3.50pm | Case Study and Demo on Mitigating AML/CFT Risks with Technology Speaker: Mr Raymond Lew,Ingenique Solutions Explore real-world case studies and a live demonstration showcasing how technology can be leveraged to mitigate AML/CFT risks in the charity sector. Discover innovative solutions and best-in-class tools that can enhance your charity’s ability to proactively detect and respond to potential threats, safeguarding your organization’s reputation and mission. |
| 3.50pm – 4.00pm | Q&A |
About the Speakers
Mr Martin Lim
Founder & CEO, Ingenique Solutions
Martin is the Founder and CEO of Ingenique Solutions. With Ingenique, he focuses the company to be the trusted AML/CFT solution provider and has grown the company to serve customers across Singapore, Malaysia, Hong Kong and China. 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. Prior to joining Ingenique, Martin had more than 15 years in the IT industry covering both technical and business development responsibilities.
Mr Thomas Tay
Head of Sales (South East Asia), Ingenique Solutions
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, Malaysia and Philippines markets to help clients address their AML/CFT related issues & requirements.
Mr Raymond Lew
Senior Business Development Executive, Ingenique Solutions
Raymond is a seasoned professional with years of experience in helping businesses go digital. He has a passion for introducing modern tools that simplify processes and make companies more efficient. Over the years, Raymond has also specialized in providing businesses with solutions to tackle money laundering and terrorist financing.
He believes in the power of technology to keep businesses both competitive and compliant. Through his expertise, numerous companies have been able to upgrade their systems and operate with confidence in today’s fast-paced world.
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