AML CFT (Basic & Advance merged)
As Insurance and Insurance-related Companies continue to manage risks faced by their organizations, branch or subsidiary establishment personnel continue to play a vital role in the effectiveness of their organisation’s risk management efforts. Critical aspects of an organization’s operations would include complying with the Anti-Money Laundering & Anti-Terrorism Financing (AMLATFA) regulations and minimizing the risk of fraud.
Labuan, F.T. Labuan
23 Aug 2019
08:00 - 19:00
- Be exposed to the full extent of Labuan FSA powers of enforcement under AMLATFPUAA and the rationale behind the amendments to mitigate the risk and AML/CFT.
- Describe the legislative restrictions & requirements imposed on financial institutions under AMLATFPUAA & the need for enhanced penalties for non-compliance.
- Gain further insight into emerging & continued trends of money laundering & terrorism financing to establish an effective global compliance.
- Recognize the changes in implementing Know Your Customer Policy via Risk Based Approach and the challenges in assessing risk.