Anti-Money Laundering Course (Cantonese)

"Customer Due Diligence and Case Studies" course (Cantonese) co-organized by our Association and Institute of Professional Education and Knowledge (PEAK) will be held on 28 January 2016 (Thursday night).
Since sufficient staff training is significantly effective in combating money laundering and terrorist financing, and HKC&ED requires some MSOs to submit continuous training records, our Association encourages MSOs to proactively arrange and encourage their staff to attend our courses.
The course only costs HK$350 for all licensed money service practitioners. For more details, please refer to our website or call our hotline at 3176 2004.

In December 2015, the "Customer Due Diligence and Case Studies” course (English) was jointly organized by our Association and PEAK. The course instructor explained in detail the importance of ongoing monitoring and the relevant requirements related to licensed MSOs. The course enabled participants to better understand how the compliance policies can be implemented in their daily operations. Our Association will continue organizing relevant anti-money laundering and practitioner courses in order to promote compliant operations and training of practitioners. We are thankful for the support from all licensed MSOs, PEAK, HKMSOS and Thomson Reuters.

Our Association has officially launched the “HKC&ED News – Enforcement News” page in order to help Licensed Money Service Operators (MSOs) better understand The Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (AMLO), Chapter 615 of the Hong Kong Laws, including the duties of the Commissioner of Customs & Excise (CCE) in regulating MSOs and supervising licensed MSOs' compliance with the customer due diligence and record-keeping obligations and other licensing requirements, as well as combating unlicensed operation of money service. Under the AMLO, the CCE may exercise any one or more of the powers to anyone contravening any regulation made under the AMLO：

Our Association suggests that if licensed Money Service Operators would like to know more about the AMLO, please call the HKC&ED hotline for enquiry or visit the HKC&ED website. They can also participate in the courses organized by our Association to gain more knowledge about the relevant laws and regulations.

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