Anti Money Laundering

This is an introductory course for all levels of employees working in money laundering prevention position, specifically targeting those working in compliance in the financial sector and the legal profession.

The seminar will deliver those fundamentals and offer a deeper understanding into Anti Money Laundering, making your job more efficient and your institution better protected in handling unwanted risks, ultimately enhancing reputation and mitigating reputation risk.

Areas Covered in the Seminar:

This seminar will introduce current and upcoming trends in the field of Anti Money Laundering practice.

Afternoon 1

What is money laundering?

What is funding of terrorism?

Legal background

Directive 2005/60/EC of the European Parliament
2006/70/EC of the European Commission
Prevention of Money Laundering Act (Cap. 373)
Dangerous Drugs Ordinance (Cap. 101) and the Medical and Kindred Professions Ordinance (Cap. 31).


Role of the Financial Intelligence Analysis Unit (FIAU).
Role of Compliance Office/MLRO Officer

Ongoing professional training

Independent audit function to test your AML program

“Risk Based Approach”.

Afternoon 2

Examples of most common types of AML activity- Financial Services/ Corporate Services Providers as well as

Online Gaming

Measures and procedures to be maintained and applied by subject persons, including:

Customer due diligence measures,
Record keeping procedures
Reporting procedures
Knowing your client procedures to whom such measures and procedures are applicable.
Case studies

The format of the sessions will be a presentation involving case studies with opportunities for discussion and questions