This course is recognised by the Institute of Banking and Finance (“IBF”) and eligible individuals will be able to pay subsidized fees for our training course.

Money laundering and terrorism financing continues to pose a major risk to the financial institutions and the financial market as a whole. Across the globe, financial institutions are faced with an evolving and threatening landscape. Complex challenges, developments in technology and increased digitalization of services, surge of regulatory pressure and increasing amount of data are accentuating the need for financial institutions to implement effective AML/CFT compliance framework.

This programme seeks to equip learners with current knowledge of developments and trends in the AML/CFT space in Singapore, provide an introduction to understanding the basics of AML/CFT and steps to take to reduce AML/CFT risks within organisations.

Mode of Delivery:

E-Learning – Live Webinar, (link to be sent to participants closer to training date upon successful registration), powerpoint slides will be shared after the training session.

Assessment and Certificate:

Certificate of 1.5 hours of supplmentary CPD hours will be provided to those who complete the course and pass the assessment. Passing mark for the quiz is 12 out of 15 MCQ questions.

Assessment to be completed in participants own time within 5 business days after the training session. Participants will be able to have 2 tries to pass the assessment. Assessment takes around 30 minutes to complete.

Cost per Attendee:

SGD 42.50 (incl. GST)* – excludes 90% of the fees which may be subsidised by IBF, subject to fulfilment of eligibility criteria ; OR

SGD 267.50 (incl. GST) - full course fee without IBF subsidy

Terms & Policies:

Argus - Course Fees Refund Policy

Argus - Complaints and Appeals Policy

Argus - Privacy and Personal Data Protection Policy

Course Objective:

On completing this course, learners would be able to:

• Define money laundering and terrorism financing, recognise key stages and common techniques used by money launders
• 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 financial institutions 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:

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

Course Duration: The course is expected to run for 90 minutes.

Course Structure: Main course with case studies – 60 minutes

Assessment takes around 30 minutes to complete.

Trainer Profile : Argus Global Trainer Profile

Please drop us an email at info@argusglobal.co for any queries/clarifications.

IBF Subsidy:

Eligible individuals will be able to pay subsidized fees for our training course. Please refer to IBF’s Financial Training Scheme for more details. The following criteria must be met by eligible individuals

• Company-sponsored individuals (where company sponsors refer to financial institutions regulated by Monetary Authority of Singapore);
• Singapore citizens or Singapore Permanent Residents physically based in Singapore; and
• Successful completion of the financial training scheme recognised programme (i.e. completion of our course and passing assessment).

Participants who would like to enjoy IBF subsidized fee, please note that Argus Global would require a copy of your NRIC / Singapore passport for verification of eligibility.

Argus Global would require participants who are eligible for IBF subsided fee to pay the reduced fees upon registration. After successful registration, Argus Global will contact you via email and/or call to verify your eligibility and obtain necessary documents. If participants do not meet the eligibility criteria set out by IBF, participants would be required to pay full course fees in order to take part in the training course.

The following criteria must be met by eligible individuals

• Company sponsored individuals
• Singapore citizens or Singapore permanent residents physically based in Singapore; and
• Successful completion of the financial training scheme recognised programme (i.e. completion of our course and passing assessment).

Please note that Argus Global complies with Singapore’s Personal Data Protection Act requirements.

Please refer here for more information on claims submission procedures.

WHO IS ARGUS GLOBAL

Argus Global, A Waystone Group Company, 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 note that photographs and/or video will be taken at the event. By taking part in this event you grant the event organisers full rights to use the images resulting from the photography/video filming, and any reproductions or adaptations of the images for publicity or other purposes to help achieve the company objectives. This might include (but is not limited to), the right to use them in their printed and online publicity, social media, press releases and any other purposes. If you do not wish to be photographed please inform an event organiser.