Mastering Anti-Money Laundering Compliance: Navigating Regulations and Mitigating Risks

Finance & Investment
Innovation & Business Improvement
Legal

Next Intake: 16 Jan 2025 (Thu)

Basic
SkillsFuture

This module is conducted in-person.

Next course starts on

16 Jan 2025 (Thu) See Full Schedule

Fee

SGD2,180* (as low as SGD254 after maximum funding) Learn More

Duration

2 days
Weekdays (9am - 5pm)

Level

Basic

Who Should Attend

Bankers, financial, legal, risk and compliance professionals
Professionals in regulatory bodies and law enforcement
Anyone who's keen to stay informed about the evolving financial landscape and measures necessary to secure financial systems

PREREQUISITES

There are no prerequisites for this programme. Prior knowledge on any of the topics is not required.

Overview

Money laundering poses a significant threat to financial systems worldwide and understanding its nuances is essential. Throughout this course, participants will examine the complex web of anti-money laundering (AML) regulations, legal frameworks and obligations of financial institutions and businesses. Additionally, they will also explore high-risk areas that demand closer attention and learn to recognise red flags.

A cornerstone of this course is the risk culture risk-based approach, and through real-world case studies, participants will learn to apply this to diverse situations. Furthermore, they will delve into the components of a robust and effective AML programme and examine the latest trends in the AML landscape.

Programme Partner

Learning Objectives

At the end of the 2-day course, participants will be able to:

Understand the intricacies of money laundering and its impact on financial systems
Navigate the complex landscape of AML regulations, legal frameworks, standard-setting bodies, and obligations
Recognise high-risk areas and identify red flags signalling suspicious activities
Develop a risk aware culture that understands and applies risk-based approaches
Understand what makes effective AML Programmes
Understand emerging trends

Assessment

As part of the requirement for SkillsFuture Singapore, there will be an assessment conducted at the end of the course. The mode of assessment, which is up to the trainer’s discretion, may be an online quiz, a presentation or based on classroom exercises.

Participants are required to attain a minimum of 75% attendance and pass the associated assessment in order to receive a digital Certificate of Completion issued by Singapore Management University.

Calculate Programme Fee

Fee Table

COMPANY-SPONSORED

PARTICIPANT PROFILE

SELF-SPONSORED

SME

NON-SME

Singapore Citizen < 40 years old

Permanent Resident

LTVP+

$654

(After SSG Funding 70%)

$254

(After SSG Funding 70%
+ ETSS Funding 20%)

$654

(After SSG Funding 70%)

Singapore Citizen ≥ 40 years old

$254

(After SSG Funding 70%
+ MCES Funding 20%)

$254

(After SSG Funding 70%
+ ETSS Funding 20%)

$254

(After SSG Funding 70%
+ MCES Funding 20%)

International Participant

$2,180

(No Funding)

$2,180

(No Funding)

$2,180

(No Funding)

All prices include 9% GST

Please note that the programme fees are subject to change without prior notice.

Post Secondary Education Account (PSEA)
PSEA can be utilised for subsidised programmes eligible for SkillsFuture Credit support. Click here to find out more.

Self Sponsored

SkillsFuture Credit: Singapore Citizens aged 25 and above may use their SkillsFuture Credits to pay for the course fees. The credits may be used on top of existing course fee funding.

This is only applicable to self-sponsored participants. Application to utilise SkillsFuture Credits can be submitted when making payment for the course via the SMU Academy TMS Portal, and can only be made within 60 days of course start date.

Please click here for more information on the SkillsFuture Credit. For help in submitting an SFC claim, you may wish to refer to our step-by-step guide on claiming SkillsFuture Credits (Individual).
Workfare Skills Support Scheme: From 1 July 2023, the Workfare Skills Support (WSS) scheme has been enhanced. Please click here for more details.

Company Sponsored

Enhanced Training Support for SMEs (ETSS)

Organisation must be registered or incorporated in Singapore
Employment size of not more than 200 or with annual sales turnover of not more than $100 million
Trainees must be hired in accordance with the Employment Act and fully sponsored by their employers for the course
Trainees must be Singapore Citizens or Singapore Permanent Residents
Trainees must not be a full-time national serviceman
Trainees will be able to enjoy ETSS funding only if the company's SME's status has been approved. To verify your SME's status, please click here.

Please click here for more information on ETSS.

Absentee Payroll