Learning Objectives
• To explain the origin of money laundering and terrorism financing
• Illustrate the roles of carious international bodies in preventing and combatting money laundering and terrorism financing respectively
• Classify the relevant parties under the regulatory framework and their roles and responsibilities
• Explain the importance of AMLATFPUAA 2001 and the key sections
• Explain the roles and responsibilities of Compliance Officer in AML/CFT, BNM, FIED
• Illustrate the important components of RBA
• Explain importance and requirements of CDD, ECDD, High Risk Countries, PEP
• Distinguish suspicious transactions based on irregularity of transaction pattern or customers’ behavior
• Analyse and execute a detailed STR for submission to FIED, BNM
• Explain Tipping-Off under AMLATFPUAA 2001
• Explain the penalties involved if not compliance with AMLATPUAA 2001