Basic Anti-Money Laundering, Counter Terrorist, and Proliferation Financing (AML/CTPF)

BASIC ANTI-MONEY LAUNDERING, COUNTER TERRORIST, AND PROLIFERATION FINANCING (AML/CTPF)

Course Objectives:

Participants will learn the history of the Philippine Anti-Money Laundering/ Countering the Financing of Terrorism/Proliferation Financing regime as well as the basic requirements for Covered Persons pursuant to Republic Act No. 9160 as amended or the Anti-Money Laundering Act or AMLA, Republic Act No. 10168

or the Terrorism Financing Prevention and Suppression Act of 2012 or TFPSA, and Republic Act No. 10697 or the Strategic Trade Management Act or STMA, including the relevant Bangko Sentral ng Pilipinas Updated Anti-Money Laundering and Terrorist Financing Rules and Regulations or UARR and Anti-Money Laundering Council (AMLC) rules and regulations.

At the end of our Session, the participants are expected to:

• Have substantial awareness, knowledge and understanding of the basic of AML/CFT/CPF
• Have an adequate understanding of the intricacies of ML/TF/PF
• Illustrate sound ML/TF/PF risk management;
• Be able to describe the concept of customer due diligence;
• Recognize covered and suspicious transactions;
• Describe the record keeping requirements;
• Identify training requirements; and
• More…

Course Outlines:

1. Introduction

2. Course Objectives

3. Learning Pyramid

4. Some Acronyms

5. History of Money Laundering

• a. Video – Money Laundering
• b. Video – Money Laundering and Its Effect on Us

6. International Initiatives

• a. Think About This
• b. What is the Financial Action Task Force or FATF?
• c. Videos – FATF
• d. How Does the FATF Recommendations Reach the Front Liners?

7. Domestic Initiatives

• a. Domestic Deposit Liabilities by Size of Account
• b. Special Law
• c. Philippines Anti-Money Laundering and Terrorist Financing Laws
• d. Salient Features of Philippines AML/CTF Laws
• e. Salient Features of the UARR
• f. ML/TF/PF Methods
• g. ML/TF/PF Differences/Similarities
• h. Snapshot of Philippines AML/CTF System
• i. Evolution of the Philippines AMLA/TFPSA/STMA
• j. Salient Features: Philippines AMLA/TFPSA/STMA

8. How Much Money is Laundered Globally?

9. What is Money Laundering and How is it Committed?

• a. Who Commits Money Laundering?
• b. Penal Provisions
• c. Elements of Money Laundering
• d. Methods and Stages of Money Laundering
• e. Major Money Laundering Countries in the World
• f. Key Factors Contributing to a High Risk of ML/TF

10. Philippines National Risk Assessment and Third Mutual Evaluation Report on ML/TF

• a. Referral to the ICRG
• b. Video: AMLC Timeline and Action Plan
• c. Status
• d. A Brief of Philippines AML/CTF Regime

11. Who Issues Freeze Order?

12. Basic Principles and Policies to Combat Money Laundering (C706, 950, and 1022)

• a. Risk Management: ROCSTR
• b. Preventive Measures
• c. Common Issues in Examinations of BSFIs/BSP Expectations
• d. Customer Identification Process
• e. Video – Opening a Bank Account Remotely
• f. Customer Due Diligence
• g. Detecting and Preventing Suspicious Transaction
• h. Some Red Flags
• i. Covered and Suspicious Transaction Reporting
• j. Record Keeping and Retention
• k. AML/CTF Training Program

13. Credit Evaluation vs Know Your Customer

14. Global AML Compliance Trends

15. The 5 Largest Money Laundering Scandals of All Time… So far

16. Leaked Papers… Will there be more?

17. Breaking Bank: French BNP Paribas To Pay Record-High Fine for Violating US

Sanctions

18. High Risk and Other Monitored Jurisdictions

19. The Philippines Experience: Cases that Changed the Philippines AML/CTF Regime

20. An Overview of the Money Laundering Terrorist Financing Risk Assessment System

(MRAS)

21. Other Matters on AML/CTF

• a. AMLC Typologies
• b. FSID AML/CFT Capacity Building Roadmap
• c. FSID BSP iAMLatest Bulletins
• d. Information Sharing Protocol
• e. PSA to open PhilSys registration to general public in 2021
• f. Targeted Financial Sanction
• g. Others

22. Three Lines of Defense Model

23. Administrative Penalties

24. An Overview of the Rules of Procedures on Administrative Cases (RPAC)

25. Sample Cases

26. Take Home Advices

27. End of Session

28. Open Forum

Resource Speaker:

MR. DANTE T. FUENTES, CPA, CFE, CAMS

AMLC CRN AT-0007

President, Association of Certified Fraud Examiners - Philippines Chapter

Schedule:

July 13-14, 2023

(Thursday- Friday)

8:00 AM- 5:00 PM

Training Fee per Participant:

From Member Institution – P 5,600.00

From Non-Member Institution – P 7,840.00

**VAT inclusive