The Monetary Authority of Singapore (“MAS”) encourages all Asset / Fund Managers to attend at least one refresher training on topics of AML / CFT every year.

We are happy to conduct this training online. A training certificate of 2 hours for CPD will be given on passing the Assessment with the pass rate being 80%. This year, the training will be conducted via Webinar – the dial-in details and the link to the Assessment will be sent nearer the date. It will cover the rules & regulations including latest developments and best practices using real life examples.

Course Objectives

On completing this course – aml / cft training 2020, learners would be able to:

  • Define money laundering and terrorism financing, recognise key stages and common techniques used by money launderers
  • Understand purposes and methods of money laundering and terrorism financing activities
  • Understand money laundering / terrorism financing risks faced by companies
  • Understand minimum MAS requirements for regulated companies pertaining to AML/CFT
  • General understanding of conducting due diligence checks , AML screenings and risk assessments for customers
  • Understand suspicious transactions reporting requirements

Who should attend :

All officers and employees of licensed, regulated fund management companies in Singapore such as:

  • Board of directors and senior management
  • Compliance officers and managers
  • Personnel involved in customer onboarding, investor relations and customer facing including client services management teams
  • All other employees

Course Outline for AML / CFT Training 2020

In general the course will cover the following topics:

  • What is Money Laundering
  • Money Laundering Process and Techniques
  • Singapore Laws and International Standards
  • Stages of Money Laundering
  • Understanding AML/CFT risks in organisations
  • Who is responsible for AML/CFT
  • Key overview of regulatory provisions including offences and penalties
  • Enterprise-wide Risk Assessment
  • Customer Due Diligence
  • On-going monitoring (“OGM”)
  • Suspicious Transactions Monitoring and Reporting
  • Record-Keeping
  • Training

About Argus Global

Argus Global is a regulatory compliance consulting firm and almost all of our clients are either regulated by Monetary Authority of Singapore (“MAS”) or are desirous to be regulated by them. We take care of the entire life-cycle of regulated entities :

  • Setup the appropriate corporate structure in Singapore and take care of the corporate statutory compliance
  • Assist in Registration / Licensing Application with MAS
  • Help Build/Amend/Review Compliance Policy and procedures as befitting the regulated status of the entity
  • Take care of ongoing compliance for regulated entity from a MAS perspective. This empowers you to concentrate on your core business while we take care of compliance for you
  • Conduct Internal Audits specifically tailored from a compliance perspective
  • Conduct Compliance Training

Please drop us an email at [email protected] for any queries/clarifications

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