Anti-Money Laundering for Singapore Financial Services
Course Description
IBF Accredited – Schemes: FTS; Core SFA/FAA CPD for Asset Management, Capital Markets, Compliance, Corporate Banking, Financial Markets, Financial Planning, General Insurance, Life Insurance, Private Banking and Wealth Management, Retail Banking
Our Anti-Money Laundering course trains reporting entities and their representatives to understand their obligations and provides a general understanding of the risks related to money laundering and terrorism financing.
Some sources estimate that over $1.5 trillion is laundered worldwide every year. Of that amount, it is estimated that $200 billion is laundered in the Asia-Pacific region alone. We explain how to adopt an Anti Money Laundering program, conduct Know Your Customer procedures and to provide reports
to the Monetary Authority of Singapore.
The intent of this course is to provide a general understanding of money laundering and terrorism financing risks, and give specific understanding of the various legislative obligations imposed by Singapore’s AML/CFT regime.
Who is this training for? Target audience / job roles
Sales, Operations, Relationship Management, Customer Services, Legal, Risk, Compliance, and other relevant functions in Financial Services.
Course outline
Module 1: Introduction to money laundering
Module 2: The risk of money laundering
Module 3: KYC obligations
Module 4: Monitoring and reporting obligations
Module 5: Terrorist financing
About the Financial Training Scheme (FTS)
This course is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.
Please note that in no way does this represent an endorsement of the quality of the training provider and course. Participants are advised to assess the suitability of the course and its relevance to his/her business activities or job roles.
The FTS is available to eligible entities based on the prevalent funding eligibility, quantum and caps. FTS provides up to 70% course fee subsidy support for direct training costs subject to a cap of S$500
per candidate per course subject to all eligibility criteria being met.
