INTRODUCTION

It is mandatory for all personnel of a Reporting Institution to be aware probable money laundering / financing of terrorism activities and internal reporting requirements, in compliance with UPW and Anti-Money Laundering / Anti-Terrorism Financing Act.  This course is an overview of Managers responsibilities under the Act and Guidelines.

 

OBJECTIVES

At the end of the program participants will be able to:

·        Comprehend impact of AML ATFA 2010

·        Understand and apply Bank Negara Malaysia Guidelines (UPW)

 

CONTENTS                             

1.       Anti-Money Laundering & Anti-Terrorism Financing Act

·        Overview

·        Key Provisions

·        Suspicious Transaction Reporting

                        o   Section 14(b)

·        Offence & Liability

o   Section 22, Part IV

o   Section 92

·        Record Keeping

o   Section 13

·        Identification of Account Holder

o   Section 16

·        Retention of Records

o   Section 17

·        Opening Account in False Name

o   Section 18

·        Compliance Program

                        o   Section 19

·        Secrecy Obligations

o   Section 20

·        Persons Reporting Protection

o   Section 24

·        Tipping off

o   Section 79

 

2.       Bank Negara Guidelines (Upw)

·        Overview

·        Responsibilities of Managers

 

ADMINISTRATIVE DETAILS

Duration                                  : 1 day

Maximum participants             : 30 persons per class