Training
We do not, as far as possible, deliver a
"standard"
anti-Money Laundering lecture. As far as possible, training
is
designed specifically for the present audience. Having built up
a pool of presentations delivered in the past, however, we can
compile and deliver training on fairly short notice, using our
exisiting 'modules'.
Where appropriate, therefore we often
deliver a three-session package which covers the following:
I:
Introduction to Money Laundering
& Terrorist Financing
Covering:
- Definining what it is
- Money Laundering and Crime
- Fallacies & Facts about Terrorist
Financing
- Role of the FATF & the 40
Recommendations
- Importance of US legislation in Hong Kong
- Importance of the new legislation in China
- Civil Litigation & non-traditional uses
of money laundering legislation
II:
The Law in Hong Kong (or other local jurisdiction as
appropriate)
Covering:
- The 'Dealing' Offence
- The Reporting Duty
- degrees of 'suspicion'
- The Extraterritorial dimension
- Definition of “reasonable grounds to
believe”
- Failure to Report
- Safe Harbour Provision
- Tipping Off Offence
- The Role of the JFIU
- STR Format & STREAMS
For reasons of variety as well as relevance, the third
session
can be made up from any one or more of the following, or indeed other
topics if required:
- USA
PATRIOT Act
- Corruption
& other China Risks
- Emerging
Market Money Laundering Risks
- 'Special
Recommendations' re Terrorist Financing
- US
Treasury MLTA
- Trust
& Company Service Providers.
- Politically
Exposed Persons
- Trade
Finance based Money Laundering
- Casinos
- Lawyers
- Accountants
- Money
Remittance operations
- Correspondent
Banking
- Impact
of the EU Third Directive
- Enhanced
Due Diligence
- Bulk
Cash Smuggling & High Denomination Currency
- Security
Features in Hong Kong ID Cards
On longer or more specialist courses, group
exercises include practical case studies and alternating
role playing elements.
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