Anti-Money Laundering for Singapore Financial Services

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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.

Anti Money Laundering – Singapore

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An IBF Accredited Course

The Salt Compliance 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 the Act.

Who should do this training?

The course should be completed by all employees of reporting entities (including those involved in compliance and risk management functions) that offer services such as:

  • Providing bank account-related services
  • Making loans
  • Exchanging currencies
  • Issuing debit and stored value cards
  • Issuing securities and derivatives
  • Stockbroking

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

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AML/CTF Training for finance sector

AML/CTF Training for finance sector

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Course Description

Money laundering is the process by which money obtained through criminal activities is given the appearance of having come from a legitimate source. The money in question may come from drug trafficking, terrorist activities, tax evasion or other crimes. It usually involves moving the funds around the banking system until they can no longer be linked to the criminal activities they were sourced from.

In order to reduce the risk of money laundering and the financing of terrorism, reporting entities have obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. The Salt Compliance 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.

We explain how to adopt an AML program, conduct Know-Your-Customer procedures and to provide reports to Australia’s anti-money laundering regulator AUSTRAC.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 the Act.
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Who should do this training

This training is designed as an introduction for all employees of deposit taking institutions that operate only in Australia. It also includes advanced modules relevant to managers and staff with specialised roles
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For more information on other GRC Solutions’ AML/CTF training resources:

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Australia

Anti-Money Laundering– covering the responsibilities of financial services and other businesses in general

New Zealand

Anti-Money Laundering – New Zealand

USA

Anti-Money Laundering – USA

Singapore

Anti-Money Laundering – Singapore

Malaysia

Anti-Money Laundering – Malaysia

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Course Outline

  • Module 1: Introducing AML/CTF
  • Module 2: ML/TF Methodologies
  • Module 3: Customer due diligence
  • Module 4: Ongoing customer monitoring
  • Module 5: Reporting to AUSTRAC