Anti-Money Laundering Course for Money Service Operators
Customer Due Diligence
and Case Studies (English)

Programme Objectives:

This programme is jointly organized by our Association and PEAK, is designed for money service operators so as to enable them to better understand the latest statutory and regulatory requirements regarding Customer Due Diligence of Anti-Money Laundering and Counter-Terrorist Financing. This will also raise participants' awareness of the importance of Customer Due Diligence so that they can help to detect irregular or suspicious financial activities.


Who Should Attend:

This course will be of interest to money service practitioners and other related parties.

Course Outlines:

  • Brief introduction to Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance and the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (For Money Service Operators)
  • When Customer Due Diligence (CDD) should be conducted
  • CDD requirement on individual customers and differences of that between Hong Kong residents and non-Hong Kong residents
  • CDD requirement on corporate customers and differences of that for various modes of incorporation, including local and overseas companies
  • Definition of beneficial owner
  • When Simplified Customer Due Diligence should be conducted
  • When Enhanced Customer Due Diligence should be conducted
  • Ways to define Politically Exposed Person (PEP)
  • Understanding tools for background check
  • Risk assessment
  • Understanding related penalties
  • How to identify Suspicious Transactions
  • Discuss and analyze CDD cases

Speakers:

Mr. Dheeraj Bajpai

Mr. Dheeraj is the in-house Compliance Chief of City Foreign Exchange Ltd (CFEL) and is responsible for the internal compliance and relevant training. He has a vast experience of over 10 years in the MSO business and handling of day to day compliance related issues. He provides practical advice, ideas and strategies to identify the suspicious transaction activity, Customer Due-Diligence and other regulatory requirements. He is also responsible for AML training, including transaction monitoring as well as filing STRs for all Sub agents of Western Union under CFEL.
Code Programme Information
PE4200051 Date: 13 October 2016 (Thursday)
Time: 19:00 - 21:30 (2.5 hours)
Venue: 9/F, VTC Tower, 27 Wood Road, Wanchai, Hong Kong
Language: Taught in English
Fee: HK$450 or HK$350**(**for licensed money service operators)

** Fee Discount: The fee for licensed money service operators is HK$350 per person. To verify the eligibility to the special discount, licensed money service operators must enroll in the course through the Hong Kong Money Service Operators Association.

Course Application:

Please complete the application form along with a crossed cheque made payable to Vocational Training Council for the course fee and then mail to our Association at A2/F, Dolford Mansion, 1-3 Chatham Court, Tsim Sha Tsui, Kowloon, Hong Kong. (PLEASE DO NOT SEND CASH / PROMISSORY NOTE). The application will be processed in about one week. When a class is full or cancelled, a 100% refund will be made.


Anti-Money Laundering Course for Money Service Operators
Customer Due Diligence
and Case Studies

Programme Objectives

This programme, which is jointly organized with our Association, is designed for money service operators so as to enable them to better understand the latest statutory and regulatory requirements regarding Customer Due Diligence of Anti-Money Laundering and Counter-Terrorist Financing. This will also raise participants' awareness of the importance of Customer Due Diligence so that they can help to detect irregular or suspicious financial activities.


Who Should Attend:

This course will be of interest to money service practitioners and other related parties.

Course Outlines:

  • Brief introduction to Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance and the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (For Money Service Operators)
  • When Customer Due Diligence (CDD) should be conducted
  • CDD requirement on individual customers and differences of that between Hong Kong residents and non-Hong Kong residents
  • CDD requirement on corporate customers and differences of that for various modes of incorporation, including local and overseas companies
  • Definition of beneficial owner
  • When Simplified Customer Due Diligence should be conducted
  • When Enhanced Customer Due Diligence should be conducted
  • Ways to define Politically Exposed Person (PEP)
  • Understanding tools for background check
  • Risk assessment
  • Understanding related penalties
  • How to identify Suspicious Transactions
  • Discuss and analyze CDD cases

Speakers:

Mr. Vincent Tse
AHKIB, CFA, CPA, FCCA, MBA
Mr. Tse is the founding Chief Executive Officer of the MSOA. He has more than 16 years of experience inadvisory, compliance, finance and banking services. Vincent was invited as a Speaker at the 6th Annual AML & Financial Crime Conference Asia Pacific organized by the Association of Certified Anti-Money Laundering Specialists (“ACAMS”).
Mr. Jimlian Chan
CPA
Mr. Chan has over 16 years of experience in accounting, auditing, taxation, company secretarial and business consulting, etc. of which includes more than 10 years of experience in providing professional accounting and consulting services to the money service industry. Mr. Chan is also the Compliance Officer and Money Laundering Reporting Officer of a number of licensed money changers and has extensive experience in compiling compliance policies and procedures as well as providing relevant trainings. He is also an AML course speaker of MSOA.
Code Programme Information
PE4200051 Date: 28 July 2016 (Thursday)
Time: 7:00pm - 9:30pm (2.5 hours)
Venue: 9/F, VTC Tower, 27 Wood Road, Wanchai, Hong Kong
Language: Taught in Cantonese supplemented with English terminology
Fee: HK$450 or HK$350**(**for licensed money service operators)

** Fee Discount: The fee for licensed money service operators is HK$350 per person. To verify the eligibility to the special discount, licensed money service operators must enroll in the course through the Hong Kong Money Service Operators Association.

Course Application:

In Person：

On completion of the application form, please return it either in person or by an authorized representative to our Association at A2/F, Dolford Mansion, 1-3 Chatham Court, Tsim Sha Tsui, Kowloon, Hong Kong.
Office Hours: Mondays to Fridays from 9:30am to 6:00pm (except Saturdays, Sundays and Public Holidays)

By Mail：

Please complete the application form along with a crossed cheque made payable to Vocational Training Council for the course fee and then mail to our Association at A2/F, Dolford Mansion, 1-3 Chatham Court, Tsim Sha Tsui, Kowloon, Hong Kong. (PLEASE DO NOT SEND CASH / PROMISSORY NOTE). The application will be processed in about one week. When a class is full or cancelled, a 100% refund will be made.


Anti-Money Laundering Course for Money Service Operators – Ongoing Monitoring and Case Studies (Cantonese) Course Code: PE4200083
Programme Objectives: This programme, which is jointly organized with our Association, is designed for money service operators so as to enable them to better understand the latest statutory and regulatory requirements regarding Ongoing Monitoring of Anti-Money Laundering and Counter-Terrorist Financing. This will also raise participants' awareness of the importance of Ongoing Monitoring so that they can help to detect irregular or suspicious financial activities.
Who Should Attend: This course will be of interest to money service practitioners and other related parties:
Speakers:
Mr. Vincent Tse AHKIB, CFA, CPA, FCCA, MBA
Vincent is the founding Chief Executive Officer of Hong Kong Money Service Operators Association which specializes in serving the Hong Kong money service industry. He has more than 16 years of experience in advisory, finance and banking services. With extensive expertise in finance and statutory compliance, he has held senior position in the advisory practice in one of the global big four accounting firms working with clients mainly from regulated industries. He holds a Bachelor's degree in Business Administration (Finance) and a Master's degree in Business Administration from two reputed universities in Hong Kong respectively. He is also a Chartered Financial Analyst, an Associate of the Hong Kong Institute of Bankers, a member of Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants. In addition, he was invited as Speaker in the ACAMS 6th Annual AML & Financial Crime Conference Asia Pacific organized by the Association of Certified Anti-Money Laundering Specialists ("ACAMS") last year.
   
Mr. Jimlian Chan CPA
As the Hong Kong Money Service Operators Association's Compliance Advisor, Mr. Chan has over 16 years of experience in accounting, auditing, taxation, company secretarial and business consulting etc, of which includes more than 10 years of experience providing professional accounting and consulting services for money service industry. Mr. Chan is also the Compliance Officer and Money Laundering Reporting Officer of a number of licensed money changers and has extensive experience in compiling compliance policies and procedures as well as providing relevant trainings.
Course Outlines:
  • Brief introduction to Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance and the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (For Money Service Operators)
  • Definition of Ongoing Monitoring and kinds of relevant measures to be taken
  • Characteristics of customers that Money Service Operators ("MSOs") should consider additional monitoring
  • How to use different risk-based approaches to monitor customers
  • Possible factors and procedures for considering whether customers require Ongoing Monitoring
  • Understand customer background check tools
  • Why to identify a suspicion and to make a Suspicious Transaction Report (STR)
  • "SAFE" Method
  • Reviews and procedures to be conducted on customer business relationship when filing a report to the Joint Financial Intelligence Unit (JFIU)
  • How to coordinate with Money Laundering Reporting Officer in order to submit a STR
  • Discuss case studies in relation to Ongoing Monitoring
 
Date: 28 April 2016 (Thursday)
Time: 19:30 - 22:00 (2.5 hours)
Venue: 9/F, VTC Tower, 27 Wood Road, Wanchai, Hong Kong
Language: Taught in Cantonese supplemented with English terminology
Fee: HK$450 / HK$350* per person
(*for licensed money service operators)
Course Application:
In Person: On completion of the application form, please return it either in person or by an authorized representative to our Association at A2/F, Dolford Mansion, 1-3 Chatham Court, Tsim Sha Tsui, Kowloon, Hong Kong.
Office Hours: Mondays to Fridays from 9:30am to 6:00pm (except Saturdays, Sundays and Public Holidays)
By Mail: Please complete the application form along with a crossed cheque made payable to Vocational Training Council for the course fee and then mail to our Association at A2/F, Dolford Mansion, 1-3 Chatham Court, Tsim Sha Tsui, Kowloon, Hong Kong. (PLEASE DO NOT SEND CASH / PROMISSORY NOTE). The application will be processed in about one week. When a class is full or cancelled, a 100% refund will be made.
Fee Discount: The course fee for licensed money service operators is HK$350 per person. To verify the eligibility to the special fee, licensed money service operators must enroll in the course through the our Association
Sponsor:
Acknowledgement:
Enrollment: Click here
Anti-Money Laundering Course for Money Service Operators - Customer Due Diligence and Case Studies Course Code: PE4200051
Programme Objectives: This programme, which is jointly organized with our Association, is designed for money service operators so as to enable them to better understand the latest statutory and regulatory requirements regarding Customer Due Diligence of Anti-Money Laundering and Counter-Terrorist Financing. This will also raise participants' awareness of the importance of Customer Due Diligence so that they can help to detect irregular or suspicious financial activities.
Who Should Attend: This course will be of interest to money service practitioners and other related parties.
Speakers:
Mr. Vincent Tse AHKIB, CFA, CPA, FCCA, MBA
Vincent is the founding Chief Executive Officer of Hong Kong Money Service Operators Association which specializes in serving the Hong Kong money service industry. He has more than 16 years of experience in advisory, finance and banking services. With extensive expertise in finance and statutory compliance, he has held senior position in the advisory practice in one of the global big four accounting firms working with clients mainly from regulated industries. He holds a Bachelor's degree in Business Administration (Finance) and a Master's degree in Business Administration from two reputable universities in Hong Kong respectively. He is also a Chartered Financial Analyst, an Associate of the Hong Kong Institute of Bankers, a member of Hong Kong Institute of Certified Public Accountants and a fellow member of the Association of Chartered Certified Accountants. In addition, he was invited as Speaker in the ACAMS 6th Annual AML & Financial Crime Conference Asia Pacific organized by the Association of Certified Anti-Money Laundering Specialists ("ACAMS") last year.
   
Mr. Jimlian Chan CPA
As the Hong Kong Money Service Operators Association's Compliance Advisor, Mr. Chan has over 16 years of experience in accounting, auditing, taxation, company secretarial and business consulting etc, of which includes more than 10 years of experience providing professional accounting and consulting services for money service industry. Mr. Chan is also the Compliance Officer and Money Laundering Reporting Officer of a number of licensed money changers and has extensive experience in compiling compliance policies and procedures as well as providing relevant trainings.
Course Outlines:
  • Brief introduction to Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance and the Guideline on Anti-Money Laundering and Counter-Terrorist Financing (For Money Service Operators)
  • When Customer Due Diligence (CDD) should be conducted
  • CDD requirement on individual customers and differences of that between Hong Kong residents and non-Hong Kong residents
  • CDD requirement on corporate customers and differences of that for various modes of incorporation, including local and overseas companies
  • Definition of beneficial owner
  • When Simplified Customer Due Diligence should be conducted
  • When Enhanced Customer Due Diligence should be conducted
  • Ways to define Politically Exposed Person (PEP)
  • Understanding tools for background check
  • Risk assessment
  • Understanding related penalties
  • How to identify Suspicious Transactions
  • Discuss and analyze CDD cases
Date: 28 January 2016 (Thursday)
Time: 19:30 - 22:00 (2.5 hours)
Venue: 9/F, VTC Tower, 27 Wood Road, Wanchai, Hong Kong
Language: Taught in Cantonese supplemented with English terminology
Fee: HK$450 / HK$350* per person
(*for licensed money service operators)
Course Application:
In Person: On completion of the application form, please return it either in person or by an authorized representative to our Association at A2/F, Dolford Mansion, 1-3 Chatham Court, Tsim Sha Tsui, Kowloon, Hong Kong.
Office Hours: Mondays to Fridays from 9:30am to 6:00pm (except Saturdays, Sundays and Public Holidays)
By Mail: Please complete the application form along with a crossed cheque made payable to Vocational Training Council for the course fee and then mail to our Association at A2/F, Dolford Mansion, 1-3 Chatham Court, Tsim Sha Tsui, Kowloon, Hong Kong. (PLEASE DO NOT SEND CASH / PROMISSORY NOTE). The application will be processed in about one week. When a class is full or cancelled, a 100% refund will be made.
Fee Discount: The course fee for licensed money service operators is HK$350 per person. To verify the eligibility to the special fee, licensed money service operators must enroll in the course through our Association
Sponsor:
Acknowledgement:
Enrollment: