Anti Money Laundering (Malaysia)

Our Anti-Money Laundering course trains reporting entities and their representatives to understand their obligations and provides a general understanding of the risks related to money-laundering and terrorism financing. Some sources estimate that over $1.5 trillion is laundered worldwide every year. Of that amount, it is estimated that $200 billion is laundered in the Asia-Pacific region alone. We explain how to adopt an Anti-Money Laundering program, conduct Know-Your-Customer procedures and to provide reports to Bank Negara Malaysia. The intent of this course is to provide a general understanding of money-laundering and terrorism-financing risks, and give specific understanding of the various legislative obligations imposed by the Act.

The course should be completed by all employees of reporting entities (including those involved in compliance and risk management functions) that offer services such as:

• providing bank account-related services
• making loans
• exchanging currencies
• issuing debit and stored value cards
• issuing securities and derivatives
• stockbroking

 

Course Outline

Module 1:	Introduction to money laundering
Module 2:	The risk of money laundering
Module 3:	KYC obligations
Module 4:	Monitoring and reporting obligations
Module 5:	Terrorist financing

You will have 90 days to complete this course.