Commercial Law, Certificate and Diploma Programmes, 商業法規, Law, Part-time Programmes

Certificate in Compliance for Anti-Money Laundering and Counter-Terrorist Financing

Certificate and Diploma Programmes

Course Code:
CCALAF
Start Date:
3 Sept 2021 FRI
Course Time:
7:00 pm - 10:00 pm (Fri)
Mode of Study & Programme Length:
5 Lessons;Total 15 hours (Please refer course dates to below “Programme Content”)
Medium of Instruction:
English supplement with Cantonese
Tuition Fee:
HK$2,200
Programme Features:

Tackling money laundering is a global problem. Criminals use different highly efficient financial and currency instruments to launder illegal money. Various industries such as banking, insurance, money service providers, and even certain non-financial industries such as real estate practitioners, lawyers, jewellery operators, trusts and company service providers are employed for the purpose. As a genuine business trader, it is vitally important to recognize the anti-money laundering regulations and inherent responsibilities. This course provides a detailed and in-depth discussion of anti-money laundering laws, legal responsibilities, and related investigation techniques so as to equip participants to be well versed with the relevant regulatory frameworks and control mechanism.

  • The programme has been recognized by the University of Sunderland in Hong Kong(UK)
  • Participants who complete the “Certificate in Compliance for Anti-Money Laundering and Counter-Terrorist Financing” and meet the course requirements will be awarded “Certificate of Completion” by COC and the University of Sunderland in Hong Kong(UK)
Programme Objectives

After completion of the course, learners will be able to:

  • Identify the purposes and stages of the money laundering process;
  • Recognize high-risk transaction and the practices for countering money laundering;
  • Be aware of the relevant regulatory and supervisory requirement; and
  • Enhance the awareness of Customer Due Diligence and On-going monitoring system on countering money laundering.
Programme Content

Date

3 Sept 21 – 8 Oct 21(Fri)

Introduction to money laundering and terrorist financings

  • Common methods of money laundering
  • Cases studies

Common red flags of money laundering and terrorist financing

Overview of legislation and regulations governing Anti-money Laundering an Counter-Terrorist Financing

  • Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap 615)
  • Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap 455)
  • Drug Trafficking (Recovering of Proceeds) Ordinance (Cap 405)
  • United Nations (Anti-Terrorism Measures) Ordinance (Cap 575);
  • The Cross-boundary Movement of Physical Currency and Bearer Negotiable Instruments Ordinance (Cap 629)
  • Guidance of relevant supervisory institutions

Risk Based Approach on Customer Due Diligence (CDD)

  • Know Your Customers (KYC)
  • Transaction Monitoring
  • Processing Suspicious Transaction Report (STR)
  • Consequence of Non-Compliance

Compliance of legislations and regulations

  • Policy and Procedure of Anti-Money Laundering and Counter-Terrorist Financing
  • Compliance of legislations and regulations
  • Statutory defence and risk management
  • Case studies
Further Opportunities

Anyone who is interested in Compliance for Anti-Money Laundering and Counter-Terrorist Financing.

Membership Form
Membership Form