Introduction This course is designed for insurance and financial intermediaries to understand the latest statutory and regulatory requirement regarding Anti-money Laundering and Counter-Terrorist Financing (AML & CTF) for insurance and financial industry.
Objectives: To enable participants to understand and its applications for: -The statutory and regulatory requirement imposed on Insurance intermediaries by Anti-Money ---Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance and OCI’s Guidance Note 3 & 3A, with the highlights of the framework of Risk-Based Approach and Customer Due Diligence
Who Should Attend: - Insurance intermediaries and persons responsible for advising on financial products - Executives especially responsible for compliance and/or marketing promotion
Course Contents: - How to establish general policies and procedure for AML & CTF legislations and regulators’ guidelines - Customer due diligence 。Risk-based approach 。Introduction to “Politically Exposed Persons” 。Risk assessment and periodic re-assessment - Record-keeping - Suspicious Transaction Reporting (STR) procedure - Staff training requirement under OCI’s Guidance Note 3 - Self-Assessment on Compliance with AML Guideline (Broker)
*This programme is co-organised with Professional Insurance Brokers Association (PIBA) and will be recognised as IA-CPD credits.