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Combating Money Laundering And Terrorism Financing

In his keynote address at the Institute of Singapore Chartered Accountants Financial Forensic Conference, Deputy Prime Minister Teo Chee Hean says that authorities will forge partnerships with the private sector to target individuals involved in terrorism financing. Singapore will increasingly use technology and data analytics to tackle cross-border crime and money laundering.

 

The launch of a postgraduate programme on financial forensics by the Institute of Singapore Chartered Accountants aims to cultivate and develop financial forensic professionals. It is also the first qualification that is focused on forensic accountancy offered by a professional body in Southeast Asia.

 

DPM Teo also emphasised that financial professionals are crucial in helping businesses against money laundering and terrorism financing. Only by understanding the threats and risks, can then all these be proactively dealt with.

 

Monetary Authority of Singapore (MAS) and Commercial Affairs Department (CAD) have collaborated to launch an initiative that brought industry players together with government agencies to better combat money laundering and terrorism financing. It is crucial that techniques to combat money laundering and terrorism finance are up to date.

 

The nature of money laundering and terrorism financing is constantly evolving and their risks are diversified and complex, technology should be leveraged on to sift through large amount of data and to identify patterns.

 

In light of this, Opus Kinetic introduce Enhanced Assessment On Money Laundering And Terrorism Financing Risks. This is a course that aims to provide participants in the financing industry with operational knowledge for identifying and assessing money laundering and terrorism financing risks, acquiring information on the latest trend. It also helps them to understand the best practices in creating strategies and setting up effective risk-based compliance systems that are aligned with FATF recommendations and other international best practices. For more information, please visit us at http://www.opuskinetic.com/training or contact us at info@opuskinetic.com.

 

Opus Kinetic believes that people are why organisations are successful, and giving people the knowledge to perform well at their job is integral for success. We pride ourselves as the premier provider of knowledge, offering acclaimed in-house trainings, and many others professional training courses spanning from various industries. Our training courses are well researched and updated with the latest industry trends. For more information on our professional training programs, you can visit us at http://www.opuskinetic.com/training.