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

Contents

  1. Overview
  2. Key Provisions
  3. Suspicious Transaction Reporting
    • Section 14(b)
  4. Offence & Liability
    • Section 92
    • Section 22, Part IV
  5. Record Keeping
    • Section 13
  6. Identification of Account Holder
    • Section 16
  7. Retention of Records
    • Section 17
  8. Opening Account in False Name
    • Section 18
  9. Compliance Program
    • Section 19
  10. Secrecy Obligations
    • Section 20
  11. Persons Reporting Protection
    • Section 24
  12. Tipping off
    • Section 79
  13. Bank Negara Guidelines (UPW)
    • Overview
    • Responsibilities of Managers

administrative details

Duration: 1 Day
Maximum Participants: 30 Persons per class