- Compliance, CPE Courses Below RM200
- 71 (Registered)
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Level
- Refresher
Accreditation
- 5 SIDC CPE points
- 4 FIMM CPD points
ICF Competency Type / Title / Level
- Foundational – Regulatory / Anti-Money Laundering / Level 2
Learning Outcome
- Explain money laundering and terrorist financing
- Identify the laws and regulations related to anti-money laundering
- Identify suspicious transactions and potential AMLA breaches as they perform their roles and responsibilities at work
- Recognise the importance of preventing money laundering and terrorism financing activities
Course Synopsis
Anti-Money Laundering Act 2001 (AMLA) came into force on Jan 15, 2002. In March 2007, it was amended to include provisions to combat terrorism financing after the 9/11 tragedy in the United States, and the original title was expanded to become Anti-Money Laundering and Anti-Terrorism Financing Act (AMLATFA).
Course Content
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Downloadable Notes
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Notes
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Money Laundering
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What is money laundering?
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Origin and history of money laundering
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How is money laundered?
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Quiz
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Terrorism Financing
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What is terrorism financing?
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Quiz
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AML/CFT Regulatory Framework
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Reporting Institutions (RIs), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD)
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Quiz
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Reporting Obligations Under AMLA
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Sanctions Related to Terrorism and Terrorism Financing
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Red Flags, Tipping Off, Cash Threshold Report, Impact of ML/FT to the country
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Quiz
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Summative Assessment
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Final Test
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