[WEBINAR] Anti-Money Laundering and Terrorism Financing Banner Image

[WEBINAR] Anti-Money Laundering and Terrorism Financing

Monday, Aug 31, 2020, 02:30 pm - 05:15 pm
This programme will be conducted as a live webinar. Singapore Singapore
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[WEBINAR] Anti-Money Laundering and Terrorism Financing
Free
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[WEBINAR] Anti-Money Laundering and Terrorism Financing
(GST 7.00% applicable)
S$64.20
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[WEBINAR] Anti-Money Laundering and Terrorism Financing
(GST 7.00% applicable)
S$115.56
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(w/ GST)
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[WEBINAR] Anti-Money Laundering and Terrorism Financing
(GST 7.00% applicable)
S$128.40
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(w/ GST)
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No. of Public CPD Points: 2.5
Practice Area: Professional Skills
Training Level: General

 

About the Programme

Part VA of the Legal Profession Act on Prevention of Money Laundering came into effect together with the Legal Profession (Prevention of Money Laundering and Financing of Terrorism) Rules on 23 May 2015. The legislative framework covers both Singapore lawyers and foreign lawyers, as well as Singapore law practices and foreign law practices.

It is fundamental for lawyers to understand the legislative framework to avoid inadvertently allowing their law practice to be used as a vehicle for money laundering to take place. It is also important from a practical perspective for lawyers to understand their obligations under the legislation and how to apply the Rules in practice to minimise the risk of unwittingly facilitating money laundering activities.

Key aspects of the legislative framework are the need to have AML processes in place, conducting customer due diligence and risk assessment, recording keeping and obligations to file suspicious transaction reports with the relevant authorities.

Learning Objectives

  • Understand the legislative framework and take cognizance of the key areas
  • Know the necessary actions to be taken when carrying out customer due diligence measures.

Learning Outcomes

  • Understand the legislative framework and how it applies to lawyers and law practices
  • Learn how to carry out customer due diligence measures and to uphold the rule of law by not supporting, facilitating or becoming unwittingly involved in criminal activity.

Speakers

  • David Chew – Director, Commercial Affairs Department, Singapore Police Force
  • Suresh Damodara –  Managing Director, Damodara Ong LLC
  • Serena Lim –  Director, Bizibody Technology Pte Ltd
  • Stephen Revell – Partner, Freshfields Bruckhaus Deringer Singapore Pte Ltd
  • S. Suressh – Partner, Harry Elias Partnership LLP
  • Suspicious Transaction Reporting Office (STRO)

For more information, please click here for the publicity brochure.

For other CPD events, please visit the LawSoc CPD Portal.