(Online Via Zoom) 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. Money laundering activities could be carried out through the use of various techniques to disguise funds obtained from illegal activities including tax evasion and fraud. Regulators have been taking positive steps to combat ML/TF and identify deficiencies in the anti-money laundering and counter-terrorist financing systems and controls of corporations.

 

This course will provide an excellent view of the fundamentals of ML/TF; relevant laws, regulations and revised guidelines; 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 Anti-money Laundering / Counter-Financing of Terrorism (“AML/CFT”) standards
  • AML/CFT legislation and regulations in Hong Kong
    • Legislation and regulations relevant to AML/CFT and latest update
    • Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap.615)
    • SFC Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (For Licensed Corporations)
  • Key AML/CFT requirements and best practice, i.e. Risk-based approach, Customer due diligence, Ongoing monitoring, Record keeping and retention of records and etc.
  • Latest Enforcement cases on AML/CFT in Hong Kong

Registration Conditions

To view our registration conditions click HERE.