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

[Webinar] Anti-Money Laundering and Terrorism Financing

Tuesday, Sep 21, 2021, 02:30 pm - 05:15 pm

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No. of Public CPD Points: 2.5
Practice Area: Ethics and Professional Responsibilty
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 in order 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 include the need to have AML processes in place, conducting customer due diligence and risk assessment, record 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

  • S. Suressh – Chairperson (Anti-Money Laundering Committee), The Law Society of Singapore; Partner, Harry Elias Partnership LLP (Moderator for Panel Discussion)
  • Valerie Tay – Executive Director (Anti-Money Laundering Department), Monetary Authority of Singapore (MAS)
  • Nizam Ismail – CEO and Founder of Ethikom Consultancy
  • You Jung-Kee – Criminal Intelligence Officer, Financial Crimes Unit, Interpol
  • Stephen Revell – Consultant, Freshfields Bruckhaus Deringer LLP

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

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

The Law Society of Singapore
28 Maxwell Road, #01-03
Maxwell Chambers Suites
Singapore 069120
Tel: 6538 2500
Email:cpd@lawsoc.org.sg
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