Anti-Money Laundering and Counter-Terrorist Financing: Best Practices 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 2-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

  • 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/CFT legislation and regulations in Hong Kong
  • Case Study
  • 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

Registration Conditions

To view our registration conditions please click HERE.