Hong Kong Management Association

Executive Certificate Course on Anti-money Laundering and Counter-terrorist Financing

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Course Information

Schedules
  • 26 Jan 2021 (Tue) - 9 Mar 2021 (Tue) 7:00 PM - 10:00 PM
  • 19 Mar 2021 (Fri) - 30 Apr 2021 (Fri) 7:00 PM - 10:00 PM
Registration period
28 Dec 2020 (Mon) - 9 Mar 2021 (Tue)
Price
HKD 3,600
(HKMA Member: HK$3,300
Non-member: HK$3,600
Group Discount: HK$100 each (For two or more participants making payments on this course toghether))
Course Level
Study Mode
Duration
15 Hour(s)
Language
Cantonese
Location
8 Hoi Wang Road Mongkok (West)
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Course Overview

Executive Certificate Course on Anti-money Laundering and Counter-terrorist Financing

INTRODUCTION

Laundering illegal funds for fueling criminal activities is a prevailing global concern. Riding on the efficient monetary tranaction function of the Hong Kong financial system, laundering illicit money is a dominating issue confronting the financial industry operators. Moreover, criminals are inventing complicated yet sophisticated means of hiding dirty money. Through the enactment of anti-money legislations, financial institutions and their employees have been positioned on the frontline of the battle against money laundering.

This programme reviews the stages and ways in which money is laundered in Hong Kong. It describes the practice and legislation that financial institution and concerned bodies need to follow to counter money laundering.

OBJECTIVES
On completion of the programme, participants will be able to:

  •  Identify the purposes and stages of the money laundering process
  •  Recognize high-risk transaction and the practices for countering money laundering
  •  Enhance the awareness of customer due diligence and on-going monitoring system on countering money laundering

TARGET AUDIENCE
The programme is aimed at meeting the operational needs of those people engaging to dealing with financial transaction and customer service on day-to-day basis. Target participants include: Customer service representative, fund management staff , insurance brokers, lending offi cers, management grade and frontline level banking officers, legal and compliance staff .

What you'll learn

1. Introduction
What is Money Laundering and Terrorist Financing

  •  Origin of money laundering
  •  Routing of money laundering
  •  Common methods of Money Laundering

2. Overview on Money Laundering Regulations

  • Anti-Money Laundering and Counter-Terrorist Financing ( Financial Institutions) Ordinance (AMLO, Cap 615)《打擊洗錢及恐怖分子資金籌集 ( 金融機構 ) 條例》
  • Organized and Serious Crimes Ordinance (OSCO, Cap 455)《有組織及嚴重罪行條例》
  • Drug Traffi cking (Recovery of Proceeds) Ordinance (DTROP, Cap 405)《販毒 ( 追討得益 ) 條例》
  • United Nations (Anti-Terrorism Measures) Ordinance (UNATMO, Cap 575)《聯合國》( 反恐怖主義措施 )
  • Guideline on Anti-Money Laundering and Counter-Terrorist Financing (For Authorized Institutions)《打擊洗錢及恐怖分子資金籌集 ( 金融機構 ) 條例》及相關指引

3. Consequential eff ects of the legislations on concerned industries and Case Studies

  • Implication of the implementation of the legislations to fi nancial industries
  • Implementation of control and on-going monitoring policy in concerned industries
  • Responsibilities for compliance with the legislations
  • Legal liability on Reporting Suspicious Transaction (STR)
  • Consequences of incompliance with the legislations
  • Operational risk management
  • Statutory defence on reporting suspicious transaction
  • Legal protection on informants
  • Case studies

4. Money Laundering Risk Management Measures

  • Recognition and Reporting on suspicious transactions (STR)
  • The Screen-Ask-Find-Evaluate Approach (SAFE)
  • Know your clients (KYC) Rule
  • Customs due diligence
  • Red fl ags and Indicators of suspicious activities
  • Money Laundering Cases


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