(English) DCR 2024 to BNM: Data and Compliance Report 2024 Submission to Bank Negara Malaysia by Tuan Muhamad Nazri Shaidon

Fee: RM 99

FEE is inclusive of

• Draft Samples & Templates
• Unlimited Replay
• Unlimited Download of Presentation Slides & Notes
• Certificate of Completion to manually claim your CPD/CPE points.

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Webinar Title :

DCR 2024 to BNM: Data and Compliance Report 2024 Submission to Bank Negara Malaysia

Suitable for :

1. Accountants
2. Company secretaries
3. Dealers in precious metals/stones
4. Lawyers and notaries public
5. Registered estate agents

Speaker :

Tuan Muhamad Nazri Shaidon (Anti-Money Laundering and Counter Financing of Terrorism AML/CFT Researcher, Practitioner & Trainer)

Online Training Duration:

4 hours 23 minutes

Brief Training Modules:

1. Information on Reporting Institutions
2. Business Information and Structure of Reporting Institutions
3. AML/CFT Risk Assessment
4. AML/CFT Programme
5. Duties of Compliance Officer

Detailed Training Modules

Module 1: Introduction and Overview of Reporting Institutions

Content:

• Definition of reporting institutions under AMLA and their roles in AML/CFT compliance.
• Overview of DCR 2024 submission requirements, emphasizing sectors required to report:
  • Accountants, Company Secretaries, Dealers in Precious Metals and Stones (DPMS), Lawyers and Notaries, and Registered Estate Agents (REA).
• Importance of compliance to avoid enforcement actions and penalties.
• Reporting timelines: 15 October 2024 – 15 January 2025.

Participants will learn:

1. What are the consequences of not submitting the DCR 2024 by the deadline?
2. Which reporting institutions are required to comply with AML/CFT guidelines?
3. What are some examples of institutions facing penalties for non-compliance?

Module 2: Business Information and Structure of Reporting Institutions

Content:

• Business models covered under AMLA: accounting firms, legal services, real estate agents, precious metals/stones dealers.
• The beneficial ownership framework: Requirement to identify beneficial owners and submit related information.
• Collecting business structure data and reporting relevant changes to Bank Negara Malaysia (BNM).
• Handling foreign clients and high-risk clients (e.g., Politically Exposed Persons).

Participants will learn:

1. What are the challenges involved in identifying beneficial owners?
2. How should foreign clients and shareholders be verified?
3. How do business structure changes impact the DCR submission?

Module 3: AML/CFT Risk Assessment

Content:

• Conducting Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for high-risk clients.
• Identifying red flags that may indicate money laundering.
• Risk assessment frameworks specific to accountants, company secretaries, lawyers, and REAs.
• Guidance on conducting risk assessments for PEPs and clients from high-risk jurisdictions (as per FATF updates).

Participants will learn:

1. What constitutes a high-risk client, and how should they be managed?
2. When should Enhanced Due Diligence (EDD) be applied?
3. How can risk assessments differ between various industries?

Module 4: Developing an AML/CFT Programme

Content:

• Components of a comprehensive AML/CFT programme, including policies and procedures.
• Importance of internal training and awareness for staff on AML compliance.
• Customer onboarding policies and continuous monitoring of client activities.
• Ensuring STR submission compliance: What to report and how.

Participants will learn:

1. What are the key components of an effective AML/CFT programme?
2. How can institutions ensure their staff is adequately trained on AML compliance?
3. What are the common challenges in STR submission, and how can they be addressed?

Module 5: Duties of the Compliance Officer

Content:

• The role of the Compliance Officer in ensuring DCR submission and AML compliance.
• Managing internal audits and responding to BNM’s compliance reviews.
• Developing templates and declaration forms to facilitate DCR submissions.
• Ensuring that record-keeping requirements (six years) are met and that systems are updated with the latest regulations.

Participants will learn:

1. What are the primary responsibilities of a Compliance Officer?
2. How should a Compliance Officer handle uncooperative clients?
3. What templates or tools can help streamline DCR submissions?

Module 6: Key Takeaway and Conclusion

Content:

• Review of submission requirements and reporting deadlines.
• Best practices for avoiding penalties and ensuring smooth compliance.
• A step-by-step walkthrough of BNM’s online portal for DCR submission.

Participants will learn:

1. What are the next steps if discrepancies are found during an internal review?
2. How can institutions prepare for potential audits by BNM?
3. What resources are available to help reporting institutions comply with AML/CFT requirements?