december, 2019

03decAll DayEvent OverSeminar on Money Laundering & Terrorism Financing Through Real Estate

Event Details

COURSE OUTLINE
Title : Money Laundering & Terrorism Financing Through Real Estate
Date : 3 December 2019 (Tuesday)
CPD : 5 Hours
Venue : Empire Hotel, Subang Jaya
Speaker : Mr. KK Wong

Learning Objectives:
At the end of the course, participants will be able to understand:
1) The meaning of money laundering, terrorism financing & proceed of unlawful activities.
2) Vulnerabilities of registered estate agents to money laundering and terrorist financing
3) Malaysia’s Anti Money Laundering/ Combating Financing Terrorism Framework
4) Understand the roles and responsibilities of Registered Estate Agents in relation to AMLATFPUAA 2001
5) The obligations of Registered Estate Agent as Reporting Institutions (RIs) under the Anti Money Laundering Act
Learning Outcomes:
1) Participants will able to identify and be aware of risks and opportunities for money laundering and financing of terrorism arising from real estate business
2) Participants will be aware of the legal obligations imposed on registered estate agents and their employees under the Anti Money Laundering laws and regulations.
3) Participants will understand the implications of AMLATFPUAA of 2001, and its practical applications as required by Regulators (Bank Negara Malaysia)
4) Participants will able to comply with the ‘Know Your Customer Policy’ and take adequate Customer Due Diligence measures and identify suspicious transactions of money laundering, in compliance with Anti Money Laundering Regulations, Notices and Guidelines
5) Participants will understand the key developments in the AML landscape – locally and internationally.

Learning Outline
TIME Title: MONEY LAUNDERING & TERRORISM FINANCING THROUGH REAL ESTATE
8am – 8.45am Registration

9.00am – 10.30am Session I An Overview of Money Laundering /Terrorism Financing
In this session, participants will understand the following:
• The meaning of Money Laundering, Terrorism Financing & Proceed of Unlawful Activities.
• Predicate Offences under Anti Money Laundering Act
• The Three Stages in Money Laundering…
10.30am –10.45am Morning Tea Break

10.45 am – 1pm Session II Anti Money Laundering landscape – locally and internationally
In this session, participants will understand the following:
• Forming of Financial Action Task Force (FATF), a World Body in combating money laundering
• Malaysia’s Anti Money Laundering/ Terrorism Financing
Framework
• Bank Negara Malaysia’s as a competent authority and power of enforcement in money laundering
1.00pm – 2.00pm Lunch Break

2.00pm – 3.30pm Session III Obligations of Registered Estate Agents under Anti Money Laundering Act
In this session, participants will understand the following
• Identifying usual activities/ Suspicious Transactions
• Registered estate agents making report on suspicious transactions.
• Taking adequate know your customer policy by conducting customer due diligence measure and record keeping.
3.30pm – 3.45pm Afternoon Tea Break

3.45pm – 5.30pm Session IV The Practical guides for Anti Money Laundering Act compliances
In this session, participants will understand the following
• Bank Negara Malaysia’s Standard Guidelines on Anti-Money Laundering and Combating the Financing of Terrorism
• Bank Negara Malaysia’s Guidelines for Designated Non-Financial Businesses and Professions (DNFBPs) & Other Non-Financial Sectors (Sector 5)
• The common methods of money laundering through real estate.
Session V Q & A

Time

All Day (Tuesday)

Location

Empire Hotel Subang Jaya

Ticket Section Title

Tickets are not available for sale any more for this event!

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