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Anti-Money Laundering

in Malaysia
18 - 19 March 2010 Parkroyal Hotel, Kuala Lumpur
BACKGROUND
It is true that things have changed in the world economic order. But Anti-Money Laundering is unlike other economic
areas, and it is critical to remember that the mighty United States of America is not a spent force. The United States
authorities fear terrorists may copy a novel money laundering scheme devised by Colombian drug traffickers. They
were proven right. Clues to the scheme which uses life insurance policies came from the indictment of five
Colombians in Miami recently. The same modus operandi has been employed in Malaysia and many other countries
since. This is just one of the many ways that drug traffickers laundered their money. The banks and insurance
company have once again unwittingly become a willing partner in fraud, money laundering and financing terrorist in
their crime against humanity.

Although the Basle rules are only applicable to banking, other international standards and national laws on
fraud,anti-money laundering and anti-terrorist financing exist which are also applicable to non-banking financial
services.

ICFE is the leading and recognized practitioner in Money Laundering Deterrence training and implementation of
system in AML compliance. We have a proven history of success in our training for financial institutions from Beijing
to Sydney.

This is the reason why we propose this training to facilitate financial institutions in Malaysia to implement an overall
policy covering all relevant financial areas.

Banks, insurance companies, Asset Management companies and many broker-dealer firms may not be aware of the
independent testing component of the anti-money laundering compliance program that each of them is required to
implement. Led By:
Tommy Seah & Stanley Chia
Register by 31 January 2010 (Principal Trainer) (Trainer-In-Attendance)
for an EARLY BIRD DISCOUNT!

Complete the registration form at


the back of this brochure and return
it to us by fax @ (603) 2147 4666

Become an Associate Member of CSI WORLD HEADQUARTERS


Approved CPD Provider (worth USD200) for FREE! See brochure for more details

AIA Members stand to receive 14 units of CSI Members enjoy 16 units of CPE Credits
CPD hours by attending this seminar CSI World Headquarters
Training Professionals Globally
The purpose of this training is to provide appropriate steps to ensure that Heads of Departments,
Managers and everyone that is interested in preventing money laundering are regularly trained on
and be acquainted with:

(a) AML/CFT laws and regulations, and in particular, CDD measures, detecting and reporting of suspicious
transactions;
(b) Prevailing techniques, methods and trends in money laundering and terrorist financing; and
(c) the organization’s internal policies, procedures and controls on AML/CFT and the roles and responsibilities of staff
in combating money laundering and terrorist financing and to call your attention to this compliance testing
requirement and to discuss possible methods of fulfilling the requirements of AMLA as it applies to the business in
Malaysia.

Objective of this program


The objective of this training is compliance with international and national legislation on fraud, anti-money laundering
and anti-terrorist financing.
It can be used to supplement the insurance company’s effort to mitigate its reputation risk, legal risk, operational risk
and concentration risk regarding involvement in financial economic crime (fraud, money laundering and terrorist
financing).

OBJECTIVES
Upon completion of the programme, participants should be able to:

• Identify and be aware of risks and opportunities for money laundering and financing of terrorism arising from asset
management business; including the prevailing techniques, methods and trends;

• Comply with the ‘Know Your Customer Policy’ and take adequate Customer Due Diligence measures and identify
suspicious transactions of money laundering, in compliance with AMLA Regulations, Notices and Guidelines

• Be aware of the legal obligations imposed on asset management companies and their employees under the
AML/CFT laws and regulations.

CONTENT Who Should Attend:-


1. Introduction to Money Laundering and Terrorism Financing ▪ Senior Management and Intermediate
• Definition level
• Nature of offence of money laundering ▪ Anyone interested in AML, Compliance
• The financing of terrorism and Risk Management in Financial
Institutions
2. AML/CFT Laws and Regulations
▪ Banks & other Financial Institutions
• AMLA Regulations, Notices and Guidelines
▪ Financial Intelligence Units (FIUs)
3. Ensuring compliance of AMLA Regulations, Notices and Guidelines ▪ Government Regulators
• CDD measures ▪ Law enforcement and Intelligence
• Reporting of Suspicious Transactions agencies
▪ Armed forces
4. Creating an Internal Money Laundering Prevention Internal policies, ▪ Legal Profession
procedures and controls on AML/CFT
▪ Immigration / Customs
• Developing a Risk Averse Culture without affecting Profitability
• Systems Support ▪ Airport / Port Authorities
• Training and Awareness programs ▪ Telecommunications
• Ensuring Compliance - Roles and responsibilities of staff in ▪ Internal & External Auditors
combating money laundering and terrorism financing
*The distinctive feature of this program is that Case Studies will be used
throughout the two days training*
Tel : (603) 2147 4580 www.icfe-cg.com
Fax: (603) 2147 4666 enquiry@icfe-cg.com
Call today for a COMPLIMENTARY CONSULTATION! No Obligations.

Tel: (603) 2147 4580 | Fax: (603) 2147 4666 | www.icfe-cg.com | enquiry@icfe-cg.com

About Our Workshop Leader Tommy Seah


• The only Regent Emeritus of the Association of Certified Fraud Examiners (ACFE) within
the Asia Pacific
• Chairperson Emeritus of CSI World Headquarters
• World Class Financial Management Expert
• Double Firsts in Financial Management and Accountancy (U.K.)
• Chartered Banker, International Accountant, FCPA (USA), CSOXP
• Member of Advisory Board to SOX Institute (N.Y.)
• Member of Singapore Institute of Directors

To say that Tommy is a man of many talents would be an understatement. He is one of those people that you would like to meet in person.
Unassuming, straight talking, funny, sincere, ruthlessly honest, experienced and helpful would be some of the usual comments about him.
Tommy is the only Singaporean that has ever achieved a Double First in the English Accountancy Examination for Financial Management
and in the Accountancy Finals.

abroad. Notwithstanding the fact that he is exceedingly well known in the Financial and Economic Crime circle as a Number One Fraud

In 2005, he was appointed as Compliance Adviser to a US$25 billion Asset Management Company. In the following year he was invited to be

He conducts Asset and Liability Management Executive Coaching sessions to some of the most established Financial Institutions in the

Vice Chairman. He is the only Asian that sits on the American Board of Regents.

methodology.

of Economics by the CIOD, Shanghai, Greater China.

Tommy is also the author of “101 Methods of Money Laundering” & “Sound Financial Management”. His hobbies include sharing his

Trainer In Attendance Mr Stanley Chia


• Certified Fraud Examiner (CFE) with the Association of Certified Fraud Examiners (ACFE)
• Certified Member (CAMS) with Association of Certified Anti-Money Laundering Specialists (ACAMS)
• Certified System Investigator (CSI) with the CSI World Headquarters
• Member of GRC Group New York
• Member of International Compliance Association (ICA)
Stanley is the Managing Director of ICFE Consultancy Group Pte Ltd, a think-tank company that provides
multi-consultancy solutions to companies world-wide. He specializes in investigative interviewing &
profiling techniques and has handled numerous cases for both local and foreign financial institutions. He is
also well versed in financial products knowledge, fraud examination techniques and compliance
methodologies.
Stanley has worked for large financial institutions like AIA Insurance, Singapore Exchange and United Overseas Bank where he
was involved in anti-money laundering, compliance, enforcement and fraud investigation work. To date, he has investigated more
than 100 fraud and compliance-related cases and some of them involved over US$1M.

He also holds a Master of Commerce, specializing in Business Law from The University of New South Wales. He obtained his Bachelor
of Economics, majoring in Money & Banking and Accounting in 2001 from The University of Western Australia.
Important Notice
“ Due to the interactive nature of the learning session, the sequence and contents of the program maybe vary according to the needs of the
participants. The speaker reserves the right and the privilege to conduct the program in the manner which he thinks to be in the best interest of the
majority of the participants. Please ensure that you understand this completely so as to prevent any form of unrealistic expectation and or
disappointment in a public enrolment program that was not tailored to your specific need. Please inform the organizer in advance if you are not
agreeable or do not completely understand the above term and we will review your enrolment accordingly. ”
Effective Compliance in Anti-Money Laundering in Malaysia
18 - 19 March 2010 Parkroyal Hotel, Kuala Lumpur
How to Register
Tel : (603) 2147 4577 Fax : (603) 2147 4666
Email : angel.low@icfe-cg.com Web : www.icfe-cg.com
Post To: ICFE Malaysia Sdn Bhd
Level 28, Central Plaza. 34 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia

Participant Details Contact Person


Name: Dr / Mr / Mrs / Ms ___________________________________ Name: ___________________________

Company Name: ________________________________________ Company Designation: _____________

Company Designation: ___________________________________ Email: ___________________________

Company Address: _______________________________________ Tel No.: ___________________________

Participant’s Email: _______________________________________ Fax No.: __________________________

Contact Person: _________________________________________

Tel No.: ____________________ Fax No.: ____________________


Course Fee
...............................................................................................................
RM 2500* (2-Day)
I have read and understood the booking terms & conditions.

Category Discount
Signature________________ Date_____________________
Early Bird RM 2350

ACSI (Associate) RM 2400


Preferred Mode of Payment CSI (Certified) RM 2300
By Cheque (Please cross cheque made payable to
ICFE Malaysia Sdn Bhd and mail your payment Corporate 5% discount
together with this registration form to the Company (3 or more pax)
address stated in the “How to Register” box above. **Register by 31 January 2010 for
an EARLY BIRD DISCOUNT!
Telegraphic Transfer (Malaysia & Other Delegates)
Public Bank Berhad Call us at (603) 2147 4580
Account No.: 3-1575918-33 to find out more information!
Account Name: ICFE Malaysia Sdn Bhd
* Does not include accomodation
Become an Associate Member of CSI WORLD HEADQUARTERS (worth USD200) for FREE upon
registration! Contact Joanne Su at +65 6222 9863 or email to joanne@csi-world-hq.org for more
Important Notice details about the membership.
IMPORTANT NOTICE: Payments are required with registration and must be received prior to the Coaching Session to guarantee your place. Walk-in delegates
will only be admitted on the basis of space availability at the Coaching Session and with immediate full payment.
CANCELLATIONS & TRANSFERS: If you are unable to attend, a substitute delegate is welcome at no extra charge. Please provide the name and the title of the
substitute delegate at least 2 days prior to the program. A refund less 10% administrative charge will be made for cancellation received in writing 10 working days
before the program date. A complete set of program documentation and a 50% refund will be given for cancellation made 3 working days before the program date.
Regrettably, no refund can be made for cancellation made on and/or after the program. A complete set of documentation will however be posted to you.
The organizer reserves the right to make any amendments and/or changes to the program, venue, speaker replacements and/or topics if warranted by
circumstances beyond its control.
DISCLAIMER: Due to the interactive nature of the learning session, the sequence and contents of the program may be vary according to the needs of the
participants. The speaker reserves the right and the privilege to conduct the program in the manner which he thinks to be in the best interest of the majority of the
participants. Please ensure that you understand this completely so as to prevent any form of unrealistic expectation and or disappointment in a public enrolment
program that was not tailored to your specific need. Please inform the organizer in advance if you are not agreeable or do not completely understand the above
term and we will cancel your enrolment accordingly.

Tel : (603) 2147 4580 | Fax: (603) 2147 6666 | www.icfe-cg.com | enquiry@icfe-cg.com