Financial Crime World

Anti-Money Laundering Training Course for Financial Institutions on Cocos (Keeling) Islands

A Comprehensive Solution to Combat Money Laundering and Terrorism Financing Risks

Money laundering and terrorism financing remain significant threats to the financial sector globally, with financial institutions on Cocos (Keeling) Islands not immune to these risks. To address this challenge, a comprehensive Anti-Money Laundering (AML) training course has been designed specifically for financial institutions in the region.

Course Objectives

  • Equip participants with the knowledge and skills necessary to effectively identify and mitigate AML/CFT risks within their organisations.
  • Provide a 1.5-hour e-learning program covering key topics including money laundering and terrorism financing processes, Singapore laws and international standards, and regulatory provisions.

Eligibility Criteria

  • Company-sponsored individuals
  • Singapore citizens or permanent residents
  • Completion of a recognized financial training scheme program

Course Outline

The AML training course includes modules on:

  • The money laundering process and techniques
  • Singapore laws and international standards
  • Stages of money laundering
  • Understanding AML/CFT risks in organisations
  • Regulatory provisions
  • Conducting due diligence checks, AML screenings, risk assessments, suspicious transactions reporting, and record-keeping

Assessment

The course includes a 30-minute quiz with a passing mark of 12 out of 15 multiple-choice questions.

Course Schedule

  • Date: May 24, 2024
  • Time: 2:30 pm to 4:00 pm
  • Delivery method: Live webinar

Who Should Attend?

The course is ideal for all officers and employees of financial institutions on Cocos (Keeling) Islands, including:

  • Board members
  • Senior management
  • Compliance officers
  • Customer-facing staff

Benefits

Upon completion of the course, participants will be able to:

  • Define money laundering and terrorism financing
  • Identify key stages and common techniques used by money launderers
  • Understand minimum Monetary Authority of Singapore requirements for regulated companies

Registration Information

Financial institutions on Cocos (Keeling) Islands are encouraged to register for this essential AML training course. For more information or to register, please contact [insert contact details].