Anti-Money Laundering and Counter-Terrorist Financing Ordinance and Relevant Regulatory Requirements Module 1 (Virtual class through Zoom)

Objective

1. To raise participants' awareness of the vulnerability of the financial institutions to money laundering and terrorist financing
2. To enhance participants' understanding of the statutory obligations & practices of suspicious transaction reporting (STR)
3. To familiarize with the Customer Due Diligence (CDD) and Record keeping

Content

• What is Money Laundering and Terrorist Financing?
• Legislation on Money Laundering & Terrorist Financing
• Money laundering & Insurance industry
• Practice with reference to Insurance Industry / Guideline on Anti-Money Laundering and Counter-Terrorist Financing issued by the Insurance Authority / AMLO
• Know Your Client (KYC) Rule and Customer Due Diligence (CDD)
• Principles of client identification and beneficial ownership
• The Screen-Ask-Find-Evaluate (SAFE) approach
• Recognition & Reporting of suspicious transactions (STR)
• Indicators of suspicious activities
• Money laundering cases
• Record keeping
• Money Laundering and Terrorist Financing Risk Assessment Report

Enrollment

• Enrolments of virtual CPD programmes can only be made online through VTC’s Continuing & Professional Education website (https://cpe.vtc.edu.hk/en).  Applicants may pay the programme fee by Credit Card (Visa / Master) in the online enrolment system. Only enrolment with completed information and payment will be processed.

• Applicants should upload* the Hong Kong Identity (HKID) Card / Passport / Travel Document, or valid visa / entry permit for study issued by the Immigration Department of the Hong Kong Special Administrative Region (HKSAR) for enrollment. Please show your full name both in English and Chinese and your photo only. Other personal information  must be covered.   

* File size shall be less than 4 MB. File format shall be in jpg, jpeg, pdf or png.

• All places are allocated on a first-come-first-served basis.

Notification of Class Commencement

Successful applicants will be notified of the class confirmation and relevant information by email at least 7 working days^## before class commencement.  Students will receive an email from PEAK with virtual class link and student login ID 3 working days^## before class commencement. Please contact us at 2836 1906 if you do not receive the notification 3 working days^## before the class commencement.

## Working days (exclusive of Saturdays, Sundays and Public Holidays)

For virtual CPD programmes, applicants MUST prepare camera or web cam with stable network connection.

During the class, student must keep the camera on, and stay in front of the camera, otherwise the CPD / CPT hours will be deducted.