— Malaysia Webinar —
Latest Trends and Best Practices for
Anti-Money Laundering/ Countering Financing of Terrorism (AML/CFT)
13 Apr 2022 | 12.00pm – 13:30pm
Join and Get an Exclusive Offer for AML Solutions!
- Free Public Webinar for Professional Firms in Malaysia (Lawyers, Accountants, Trust Companies, Company Secretaries, Dealers in Precious Metals / Precious Stones, Registered Estate Agents)
- Overview on Bank Negara Malaysia (BNM) AML/CFT policy document for Designated Non-Financial Businesses and Professions (DNFBPs)
- Case sharing to highlight the latest AML trends in 2022
- Practical Guide to implementing AML/CFT Internal Policies, Procedures and Controls (IPPC)
- Demo on how to enhance your AML/CFT Process (including Screening, Customer Due Diligence, Ongoing Monitoring)
- Exclusive offer for SentroWeb AML software to webinar attendees
- Certificate of Attendance will be provided
About the Webinar
Effective 1 Jan 2020, professional firms in Malaysia are required to comply with the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (“AMLA”). Accordingly, the Bank Negara Malaysia (BNM) as the regulator for these industries, has issued a policy document to assist the lawyers, CPAs, CSPs, jewellers, estate agents (as reporting institutions) meet their AML/CFT obligations under AMLA. Specifically, this policy document covers AML/CFT Internal Policies, Procedures and Controls, AML/CFT Screening, Customer Due Diligence and Ongoing Monitoring, etc.
While the policy document is are useful, it is important for professional firms to set up the operational processes to deal with the AML/CFT risks, and keep up to date on the latest trends and developments in AML/CFT. This public webinar will provide case sharing to highlight the latest AML trends in 2022, and practical information on how to implement the AML/CFT requirements by Bank Negara Malaysia, for small and medium-sized firms.
|Date: 13 April 2022 (Wednesday)
Time: 12:00 pm – 13:30 pm
Platform: ZOOM Online Webinar
Price: Free (on First-come-first-serve basis)
Registration Closing Date: 12 April 2022 (earlier, if upon full registration)
|11:45 – 12:05
|Log in and Welcome Introduction
|12:05 – 12:30
|Latest AML Trends to Watch for in 2022 (in English)
Speaker: Mr Wee Kar Yong, Ingenique Solutions
The pandemic and global geopolitics affect businesses. Likewise, they affect the compliance risks that businesses need to pro-actively manage. This session will share with you the key AML/CFT trends that have developed during the pandemic, and the evolving sanction risks due to the Russo-Ukrainian war.
|12:30 – 13:00
|Practical Guide to implementing AML/CFT Internal Policies, Procedures and Controls (in English)
Speaker: Mr Martin Lim, Ingenique Solutions
In Section 10 and 11 of the BNM policy document on the AML/CFT and Targeted Financial Sanctions for DNFBPs, there is a need for firms to implement internal policies, procedures and controls (IPPC) to address ML/TF risks.
How does a firm develop and implement these AML/CFT IPPC in their day-to-day operations to mitigate the ML/TF risks and comply with the AMLA requirements?
This session will share with the participants practical implementation that will balance compliance requirements and business needs, with focus on Customer Due Diligence and Ongoing Monitoring.
|13:00 – 13:20
|Short demo of SentroWeb-DJ – Key Features to Help Comply with AMLA (in English)
Speaker: Ms Tan Lee Kiau, Senior Sales Executive, Ingenique Solutions
A short demo of SentroWeb, an AML software supported by Dow Jones, will show you the salient features that help you streamline your AML/CFT processes and comply with AMLA. Attendees are welcomed to find out more about SentroWeb-DJ, after the presentation.
|13:20 – 13:30
About the Speakers
Mr Wee Kar Yong
Head of Sales (South East Asia) – Ingenique Solutions
Kar Yong joins in Ingenique Solution to lead the business development of South East Asia along with channel and partnership connection. He has extensive experience in global business and risk management. With Ingenique, he provides unique insight to help business owner to resolve and mitigate risk from their current business.
Mr Martin Lim
Founder & Director, Ingenique Solutions
Martin is the person behind the product development of all products by Ingenique. Prior to joining Ingenique, Martin has more than 15 years in the IT industry covering both technical and business development responsibilities. With Ingenique, he frequently engages with small and medium sized professional firms to assist them in implementing AML/CFT policies, procedures and controls, and to prepare for regulatory inspections and reviews. He is also the principal trainer for the Singapore Ministry of Law’s Precious Stones / Metal Dealer (PSMD) sector on AML/CFT compliance, and the honorary AML/CFT Advisor for Singapore Bullion Market Association (SBMA).
Ms Tan Lee Kiau
Assistant Sales Manager, Ingenique Solutions
Ms Tan Lee Kiau is a Senior Sales Executive responsible for the sales in Ingenique Solutions. With Ingenique, she plays a key role in developing and growing the Singapore and Malaysia market, by putting her strong client relationship skills and practical knowledge in AML/CFT matters to help clients address their AML/CFT related issues, concerns & requirements. Lee Kiau holds a Bachelor of Arts degree, in Economics and Japanese Studies.