Anti-Money Laundering and Counter-Terrorist Financing: Best Practice and Compliance Issues

Money laundering and terrorist financing (“ML/TF”) can present significant compliance, reputational and operational risks for corporations and have an economic impact on most businesses.  Regulators have been taking positive steps to combat ML/TF as well as identify deficiencies in the anti-money laundering and counter-terrorist financing systems and controls of the corporations.  This 3-hour course will provide an excellent view of the fundamentals of ML/TF, the relevant laws and regulations, the compliance issues as well as the best practices.

Detailed Information

Highlights of the course include:

  • Overview and key concepts of money laundering and terrorist financing
    • International AML/CTF standards
    • Customer Due Diligence (“CDD”)
    • Record keeping
    • Recognition and reporting of suspicious transactions
  • AML/CTF legislation and regulations in Hong Kong
    • Legislation and regulations relevant to AML/CTF
    • Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance
    • The SFC Guideline on AML/CTF
    • Risk-based approach
    • Customer due diligence
    • Record keeping and retention of records
    • Recognition and reporting of suspicious transactions
    • Latest update
  • Case study

Registration Conditions

To view our registration conditions please click HERE.