Programme Content:
Brief introduction to Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance and the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (For Money Service Operators)
- When Customer Due Diligence (CDD) should be conducted
- CDD requirement on individual customers and differences of that between Hong Kong
residents and non-Hong Kong residents
- CDD requirement on corporate customers and differences of that for various modes of
incorporation, including local and overseas companies
- Definition of beneficial owner
- When Simplified Customer Due Diligence should be conducted
- When Enhanced Customer Due Diligence should be conducted
- Ways to define Politically Exposed Person (PEP)
- Understanding tools for background check
- Risk assessment
- Understand related penalties
- How to identify Suspicious Transactions
- Discuss and analyze CDD cases
** Fee Discount: The fee for licensed money service operators is HK$380 per person. To verify the eligibility to the special discount, licensed money service operators must enroll in the course through the Hong Kong Money Service Operators Association at
Tel: 3176 2004, Email: info@msoa.hk, Fax: 3010 8582 or itsoffice address: A2/F, Dolford Mansion, 1-3 Chatham Court, Tsim Sha Tsui, Kowloon.
Speaker
Mr. Vincent Tse
Mr. Jimlian Chan
