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

No. of Public CPD Points: 2.5

Practice Area: Professional Skills

Training Level: General

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ABOUT THIS SEMINAR

Part VA of the Legal Profession Act on Prevention of Money Laundering came into effect together with the Legal Profession (Prevention of Money Laundering and Financing of Terrorism) Rules on 23 May 2015. The legislative framework covers both Singapore lawyers and foreign lawyers, as well as Singapore law practices and foreign law practices.

It is fundamental for lawyers to understand the legislative framework to avoid inadvertently allowing their law practice to be used as a vehicle for money laundering to take place. It is also important from a practical perspective for lawyers to understand their obligations under the legislation and how to apply the Rules in practice to minimise the risk of unwittingly facilitating money laundering activities.

Key aspects of the legislative framework are the need to have AML processes in place, conducting customer due diligence and risk assessment, recording keeping and obligations to file suspicious transaction reports with the relevant authorities.

Learning Objectives

  • Understand the legislative framework and take cognizance of the key areas
  • Know the necessary actions to be taken when carrying out customer due diligence measures.


Learning Outcomes

  • Understand the legislative framework and how it applies to lawyers and law practicesLearn how to carry out customer due diligence measures, and understand statutory obligations to retain records of matters acted in


SPEAKERS
  • Chua Jia Leng – Suspicious Transaction Reporting Office, Singapore Police Force
  • Professor Rohan Gunaratna – Professor of Security Studies at the S. Rajaratnam School of International Studies, Nanyang Technology University, and Head of International Centre for Political Violence and Terrorism Research Singapore
  • Mr Stephen Revell –  Partner, Freshfields Bruckhaus Deringer
  • Bharath Vellore – Managing Director (APAC),  Accuity
  • Yeoh Lian Chuan – Counsel, Allen & Overy


To register for the programme, please click here.

For more information, please click here for the publicity brochure.