Anti-Money Laundering Course for Money Service Operators
AMLO Statutory
Requirements (Cantonese)
Code：PE4200285

Speaker:

Mr. Tse CB, CFA, CPA, FCCA, MBA

Mr. Tse is the founding Chief Executive Officer of the MSOA. He has over 10 years of experience in advisory, compliance, finance and banking services. Mr. Tse 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”).

Programme Objectives:

This programme, which is jointly organized with the MSOA and Institute of Professional Education and Knowledge (“PEAK”), is designed for money service operators so as to enable them to better understand the statutory and regulatory requirements of the AMLO. This will also raise practitioners’ awareness of the importance of Customer Due Diligence and Ongoing Monitoring so that they can help to detect irregular or suspicious financial activities, and hence enhance the compliance levels of MSOs.

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)
  • How to formulate clear and specific AML policy
  • Definition of Customer Due Diligence measures
  • How to identify and verify customer identity
  • How to monitor customers of higher risks
  • Definition of risk-based approach
  • How to adopt risk-based approach mechanism on ongoing monitoring
  • Definition of record keeping
  • How to identify and report suspicious transactions
  • The importance of staff training
Date: 30 November 2017 (Thursday)
Time: 19:00 - 21:30 (2.5 hours)
Venue: 9/F, VTC Tower, 27 Wood Road, Wanchai, Hong Kong
Suitable to: This course is suitable for money service practitioners and other related parties
Language: Taught in Cantonese supplemented with English terminology
Fee: HK$480 / HK$380*
*Fee Discount: The course only costs MSOA member HK$380 per person. To verify the eligibility to the special discount, applicants 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 (Cantonese)
Code：PE4200083

Speakers:

Mr. Vincent Tse CB, CFA, CPA, FCCA, MBA

Mr. Tse is the founding Chief Executive Officer of the MSOA. He has more than 17 years of experience in advisory, 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 17 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.

Programme Objectives:

This programme, which is jointly organized with the MSOA and Institute of Professional Education and Knowledge (“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 practitioners’ awareness of the importance of Customer Due Diligence so that they can help to detect irregular or suspicious financial activities, and hence enhance the compliance levels of MSOs.

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: 30 March 2017 (Thursday)
Time: 19:00 - 21:30 (2.5 hours)
Venue: 9/F, VTC Tower, 27 Wood Road, Wanchai, Hong Kong
Suitable to: This course is suitable for money service practitioners and other related parties
Language: Taught in Cantonese supplemented with English terminology
Fee: HK$480 / HK$380*
*Fee Discount: The course only costs MSOA member HK$380 per person. To verify the eligibility to the special discount, applicants 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
Ongoing Monitoring
and Case Studies (Cantonese)
Code：PE4200083

Speakers:

Mr. Vincent Tse, AHKIB, CFA, CPA, FCCA, MBA

Mr. Tse is the founding Chief Executive Officer of the MSOA. He has more than 17 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 17 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.

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.


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: 19 January 2017 (Thursday)
Time: 19:00 - 21:30 (2.5 hours)
Venue: 9/F, VTC Tower, 27 Wood Road, Wanchai, Hong Kong
Suitable to: This course suitable for money service practitioners and other related parties.
Language: Taught in Cantonese supplemented with English terminology
Fee: HK$480 / HK$380*
*Fee Discount: The course only costs MSOA member HK$380 per person. To verify the eligibility to the special discount, applicants 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.