April 10 Money Laundering & Its Impact on Professionals
The Law Society of Singapore had organised a seminar for professionals (including lawyers, accountants,independent legal professionals, real estate agents, notaries, trust and company service providers) on anti-money laundering (AML) and counter-terrorism financing (CFT) measures previously seen as relevant only to financial institutions. In addition, Singapore has existing legislation including the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act and the Terrorism (Suppression of Financing) Act that directly apply to lawyers. Effective implementation of Know-Your-Client obligations, risk management and compliance processes and structures means radical changes to the mindsets and manner with which professionals think, act and even manage their clients and businesses.
Mahboob, Mahmood, CEO of Knowledge Platform and a well versed subject matter on anti money laundering legislations, was invited to give a talk about the impact of Anti money laudnering regulations on legal and non-mainstream financial professionals. The talk focussed on why AML rules have been extended to lawyers, the international norms, a general background of FATF and Singapore’s involvement.
As Law Society of Singapore’s approved training provider, Knowledge Platform offered the opportunity to all participants to undertake a strictly confidential online assessment of their knowledge of corporate compliance issues and best practices.
For more information on this event, click here.
About Knowledge Platform
Founded in 2000, Knowledge Platform is an award-winning knowledge solutions provider in the Asia-Pacific region. From our offices in Singapore, Islamabad, Dubai, Delhi and Tokyo, we deliver a range of knowledge solutions: learning and knowledge management strategy, client enablement, content licensing and development, learning technology solutions, and instructional design training. Our multinational team of researchers, curriculum developers, trainers, instructional designers, programmers, graphic designers and multimedia specialists deliver innovative knowledge solutions for a blue chip multinational, regional and national client base.