Financial Crimes - GRC Solutions

ANTI-MONEY LAUNDERING – SINGAPORE

Course Description

The Salt Compliance Anti-Money Laundering course trains reporting entities and their representatives to understand their obligations and provides a general understanding of the risks related to money-laundering and terrorism financing. Some sources estimate that over $1.5 trillion is laundered worldwide every year. Of that amount, it is estimated that $200 billion is laundered in the Asia-Pacific region alone.

We explain how to adopt an Anti-Money Laundering program, conduct Know-Your-Customer procedures and to provide reports to the Monetary Authority of Singapore.

The intent of this course is to provide a general understanding of money-laundering and terrorism-financing risks, and give specific understanding of the various legislative obligations imposed by the Act.

Who should do this training?

The course should be completed by all employees of reporting entities (including those involved in compliance and risk management functions) that offer services such as:

providing bank account-related services
making loans
exchanging currencies
issuing debit and stored value cards
issuing securities and derivatives
stockbroking

Course Outline

Module 1: Introduction to money laundering
Module 2: The risk of money laundering
Module 3: KYC obligations
Module 4: Monitoring and reporting obligations
Module 5: Terrorist financing

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ANTI-BRIBERY AND CORRUPTION – SINGAPORE

25/07/2023/in Conduct Safety and Ethics Training, Corporations Compliance Training, Financial Crimes Training, Financial Services Training Import/export trade wholesales & retail, Telcos IT & Software, Professional Scientific and Technical Services, Maritime Logistics and Transportation, Education Health & Social Services , Energy & Utilities Waste Services, Arts Entertainment Recreation & Other Services, Hospitality & Travel includes F&B gaming/casinos resorts, Healthcare Life Science Pharmaceuticals, Financial Crimes, Fintech Financial Services and Insurance, Manufacturing Construction Mining & Real Estate/by Joe Bennett

Course Description

Preventing bribery and corruption in Singaporean workplaces

Singapore is not immune to the risk of bribery and corruption, having devastating consequences on business, the economy and society. This course will equip employers and employees with the skills in preventing bribery and corruption and subsequently protecting the integrity of organisations.

Anti-Bribery and Corruption Singapore is a comprehensive four-module course equipping learners with the skills to identify and act appropriately when dealing with bribery and corruption.

Employees and employers will understand Singapore’s domestic regime, primarily governed by the Prevention of Corruption Act, and international legal regimes safeguarding against bribery and corruption. They will learn how to distinguish between bribes and bona fide gifts and the serious consequences of giving or receiving bribes.

Where engaging with overseas stakeholders present unique opportunities for Singaporean organisations, learners will also be informed in how to manage the challenges that arise in such partnerships. The final module will focus on what employers can do to circumvent bribery risks and the importance of developing a risk management strategy.

Who should do this training?

This training is designed for all employees and employers alike working in Singapore.

Everyone has a part to play in preventing bribery and corruption, and knowing what to do if they are confronted with such risks.

The final module is designed for employers, who have an obligation to prevent bribery and develop risk management strategies.

Course Outline

Module 1: Introducing bribery and corruption – for managers and general staff
Module 2: Soliciting and receiving bribes – for managers and general staff
Module 3: Working with overseas countries – for employees doing business internationally
Module 4: Advanced bribery and corruption – for managers

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Trade Based Money Laundering

01/03/2024/in Conduct Safety and Ethics Training, Corporations Compliance Training, Financial Crimes Training, Financial Services Training Import/export trade wholesales & retail, Telcos IT & Software, Professional Scientific and Technical Services, Maritime Logistics and Transportation, Education Health & Social Services , Energy & Utilities Waste Services, Arts Entertainment Recreation & Other Services, Hospitality & Travel includes F&B gaming/casinos resorts, Healthcare Life Science Pharmaceuticals, Financial Crimes, Fintech Financial Services and Insurance, Manufacturing Construction Mining & Real Estate Non Jurisdictional/by Franco

Course Description

Trade Based Money Laundering is the latest challenge in international money laundering law enforcement.

As the financial community becomes more experienced in recognising and preventing traditional money laundering methods, such as large cash deposits, criminals have explored other means to scrub their ill-gotten gains. International trade and trade instruments are often used as vehicles to launder criminal money.

Businesses involved in international trade need to be vigilant to ensure their trades are not compromised by criminal elements infiltrating their organisations.

Banks need to be aware of the risks to their reputation should their services be found to have facilitated the process of money-laundering.

The sheer volume and international nature of trade can create a cloak of complexity and lack of transparency that financial criminals seek to exploit. This course has been designed by subject matter experts to provide an overview of trade-based money laundering (TMBL) risks. It introduces the core principles and features of TBML and outlines the various methods and techniques used by criminals. It gives a clear explanation of various TBML typologies and supplies practical insights into how to identify money laundering red flags.

Who should do this training?

This course is suitable for

banking professionals, particularly client-facing employees,
as well as risk management analysts and AML compliance officers across banks and businesses that trade internationally.

Download course outline here .

Specialized Financial Economic Crime Training

GRC Solutions is thrilled to collaborate with leading financial crime advisory firm, i-KYC, pairing their premium content library with our award-winning Salt Learning technologies to improve your approach to addressing Financial Economic Crime (FEC).

Download our brochure here

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For more information on other GRC Solutions’ AML/CTF training resources:

Australia

Anti-Money Laundering– covering the responsibilities of financial services and other businesses in general

Australia – Financial Services

AML/CTF Training for Finance Sector – covering the particular responsibilities of ADIs

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Course Outline

Module 1: An introduction to trade-based money laundering (TBML) principles

• An introduction to trade-based money laundering (TBML) principles

• Key features of a TBML scheme

• TBML methods and techniques used by criminals

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Module 2: TBML typologies and red flags

• Jurisdictions

• Goods/services

• Corporate vehicles and structures

• Trade finance instruments

• TBML and the role of banks

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Workplace Conduct – The Role of Middle Management in Crisis Recovery

08/03/2022/in Articles Professional Scientific and Technical Services, Maritime Logistics and Transportation, Education Health & Social Services , Energy & Utilities Waste Services, Arts Entertainment Recreation & Other Services, Hospitality & Travel includes F&B gaming/casinos resorts, Healthcare Life Science Pharmaceuticals, Financial Crimes, Fintech Financial Services and Insurance, Manufacturing Construction Mining & Real Estate/by Joe Bennett

Who is the right person to lead a company amid a culture of toxicity, bullying, and sexual harassment?

Wolfsberg Guidance Emphasizes the importance of customized training

20/04/2023/in Articles Professional Scientific and Technical Services, Maritime Logistics and Transportation, Education Health & Social Services , Energy & Utilities Waste Services, Arts Entertainment Recreation & Other Services, Hospitality & Travel includes F&B gaming/casinos resorts, Healthcare Life Science Pharmaceuticals, Financial Crimes, Fintech Financial Services and Insurance, Manufacturing Construction Mining & Real Estate/by Joe Bennett

The guidance is intended to provide a framework for financial institutions to establish and maintain effective anti-bribery and corruption (ABC) compliance programmes