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55 Market Street, Level 3 (Conference Room 1), Spore 048941 (map)

No. of Public CPD Points: 2.0 

Practice Area: Ethics and Professional Responsibility

Training Level: General

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ABOUT THIS SEMINAR

The Legal Profession (Prevention of Money Laundering and Financing of Terrorism) Rules came into effect in May 2015. The regulatory framework covers both Singapore lawyers and foreign lawyers, as well as Singapore law practices and foreign law practices, in legal work that comes within the definition of a “relevant matter” as defined in Part VA of the Legal Profession Act.  It is a fundamental requirement for law practices to have internal processes in place to avoid inadvertently assisting or facilitating criminals or terrorists in their activities.  Key areas for practitioners to be mindful of are the requirements for the law practice to carry out a risk assessment for each client it accepts, carrying out client due diligence, and obligations to file suspicious transaction reports.

Learning Objectives

• To understand the importance of assessing the risks of money laundering when representing clients  
• To understand the necessity of carrying out adequate client due diligence measures before representing a client

Learning Outcomes

Attendees will:

• Understand the importance for legal practitioners/law practices to assess the risks of money laundering and terrorist financing when representing clients. 
• Understand the obligations of legal practitioners/law practices to carry out proper client due diligence measures 

SPEAKERS

Hamidul Haq – Partner, Rajah & Tann Singapore LLP
Sarala Subramaniam – Deputy Director (International Legal Division), Ministry of Law
Jeffrey Chin – Executive Director, Ingenique Solutions
Suressh S – Partner, Eversheds Harry Elias LLP (Moderator)


For more information, please click here for the brochure.