Free Seminar
Mastering AML/CFT: Comprehensive Strategies for Customer Onboarding, Due Diligence, and Inspection Preparedness
27 February 2025 | 2pm-4pm | WORQ Subang
Details of AML Seminar
| Topic: | Mastering AML/CFT: Comprehensive Strategies for Customer Onboarding, Due Diligence, and Inspection Preparedness |
| Date: | 27 February 2025 (Thursday) |
| Time: | 2.00pm – 4.00pm |
| Venue: | WORQ Subang, Unit 2-1, Level 2, The Podium, Tower 3, UOA Business Park, No 1, Jalan Pengaturcara U1/51a, Seksyen U1, 40150 Shah Alam, Selangor (Google Map) |
| Language: | English |
| Price: | Free |
| Registration: | Till 26 February 2025 |
Highlights
- Special Offer — Up to 22% Discounts on SentroWeb AML software
- The seminar will cover practical information on AML/CFT, including:
- Strengthening Customer Onboarding: The Importance of Due Diligence (CDD) and Risk-Based Approaches (RBA)
- Optimizing Customer Due Diligence (CDD) : Common Mistakes and Best Practice for Professional Firms
- Demo on How to Streamlining AML/CFT Compliance Through Technology (including Screening, Customer Due Diligence, Ongoing Monitoring)
- Certificate of Attendance will be provided
Register Now
About the AML Seminar
This free seminar is curated to provide professional firms in Designated Non-Financial Businesses and Profession (DNFBP) sectors in Malaysia (including Accountants, Company Secretaries, Lawyers, Registered Estate Agents, Dealers in Precious Metals / Precious Stones).
Effective 1 Jan 2020, professional firms in DNFBP sectors 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 has issued a policy document to assist the reporting institutions to meet their Anti Money Laundering / Countering Financing of Terrorism (AML/CFT) obligations under AMLA.
With the ever-changing landscape of money laundering and terrorist financing, it is vital for professional firms to stay abreast of the latest developments. This seminar offers comprehensive insights into AML/CFT practices, covering the Risk-Based Approach (RBA) to customer onboarding, best practices for Customer Due Diligence (CDD) in daily operations, and strategies for preparing for regulator spot checks through case studies. Additionally, participants will learn how to leverage technology to streamline compliance processes.
Join this seminar to gain a comprehensive understanding of AML/CFT compliance. You will acquire essential knowledge and techniques to proactively identify and mitigate money laundering risks, ensure effective adherence to AMLA regulatory requirements, and enhance your overall compliance strategies while balancing business needs.
Rundown for AML Seminar
| 1.45pm – 2.00pm | Registration |
| 2.00pm – 2.40pm |
Strengthening Customer Onboarding: The Importance of Due Diligence (CDD) and Risk-Based Approaches (RBA) (in English) This session will explore the critical role of Customer Due Diligence (CDD) and the Risk-Based Approach (RBA)in customer onboarding. We will highlighting how these AML/CFT practices enhances risk assessment, ensures compliance, optimize resource allocation, and mitigates financial crime risks throughout the onboarding process. |
| 2.40pm – 3.30pm |
Optimizing Customer Due Diligence (CDD) : Common Mistakes and Best Practice for Professional Firms (in English) This session will explore the effective Customer Due Diligence (CDD) strategies to ensure compliance. We will discuss common pitfalls in CDD and highlight best practices for daily operations in professional firms. Additionally, we will share case studies on regulator inspections related to AML/CFT, emphasizing how to prepare for these checks to ensure compliance. |
| 3.30pm – 3.45pm |
Streamlining AML/CFT Compliance Through Technology (in English) Speaker: Mr Edward Chan, Ingenique Solutions Using SentroWeb, one of the innovative AML systems in the market, as a short demo, to show you how Regtech help you effectively manage AML/CFT risks and comply with AMLA regulatory requirements. *Attendees can get up to 22% special discounts on SentroWeb AML Software. |
| 3.45pm – 4.00pm | Q&A |
Registration open 15 mins before the seminar start
Speaker: Mr Edward Chan, Ingenique Solutions
This session will explore the critical role of Customer Due Diligence (CDD) and the Risk-Based Approach (RBA)in customer onboarding We willhighlighting how these AML/CFT practices enhances risk assessment, ensures compliance, optimize resource allocation, and mitigates financial crime risks throughout the onboarding process.
Speaker: Mr Bible Kwan, Ingenique Solutions
This session will explore the effective Customer Due Diligence (CDD) strategies to ensure compliance. We will discuss common pitfalls in CDD and highlight best practices for daily operations in professional firms. Additionally, we will share case studies on regulator inspections related to AML/CFT, emphasizing how to prepare for these checks to ensure compliance.
Speaker: Mr Edward Chan, Ingenique Solutions
Using SentroWeb, one of the innovative AML systems in the market, as a short demo, to show you how Regtech help you effectively manage AML/CFT risks and comply with AMLA regulatory requirements.
*Attendees can get up to 22% special discounts on SentroWeb AML Software.
Q&A Session
About the Speakers
Bible leads the business development of the Asia market along with channel and partnership connections in Ingenique Solutions (Hong Kong branch). As a Certified Anti-Money Laundering Specialist, he offers professional insights on risk mitigation and management. He has acted as presenter and facilitator in various workshops & events and is an experienced trainer in providing training to the private sectors.
Prior to joining Ingenique, he worked in different segments such as: Credit Bureau, B2B Platform, Supply Chain & Procure to Pay Solutions, and Trade Finance to serve companies at the SME level to Global Fortune 500 enterprises.
Leveraging nearly 20 years of knowledge and experience, he understands well the risks of the global business environment and could offer unique insight to help business owners solve and mitigate risks from their current business.
Edward Chan is a Country Manager responsible for the sales in Ingenique Solutions. With Ingenique, he plays a key role in developing and growing the Malaysia market, by putting his strong client relationship skills and practical knowledge in AML/CFT matters to help clients address their AML/CFT related issues, concerns & requirements.
*The data collected in the event registration form will be used for the purposes of processing your registration for the event and marketing communication. By submitting the form, you agree to our privacy policy. You can opt out at any time via marketing@ingenique.net.