— Free Webinar —
Understanding Anti-Money Laundering and Terrorism Financing
for the Precious Stones and Precious Metals Dealers (PSMDs) in Singapore
28 Mar 2024 (Thu) | 2:30 pm – 4:00 pm | Zoom
About the AML Webinar
The Precious Stones and Precious Metals Dealers (PSMD) industry has consistently been targeted by money laundering criminals seeking to exploit the inherent value and anonymity associated with these assets. In response to this threat, Singapore authorities have implemented stringent legislation to combat money laundering and terrorism financing within the industry since 2019, and highlight the need to strengthen the regulation in the recent Prevention of Proliferation Financing Bill.
With the ever-changing money-laundering and terrorist-financing landscape, it is important for PSMDs to regularly refresh their knowledge of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime, stay updated to the latest AML/CFT development, and implement effective and updated Internal Policies, Procedures and Controls (IPPC).
In this webinar, we will shed light on the specific AML/CFT risks faced by the PSMD sector, explore the latest changes to the AML/CFT compliance regulations for PSMDs in Singapore, and provide practical guide and good practices to strengthen AML/CFT measures within your organization.
Register now to gain AML/CFT knowledge and tools necessary to safeguard your business, and ensure compliance.
Highlights
- The webinar will cover practical information on AML/CFT, including:
- Amendments to the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Guidelines for PSMDs
- Practical Guide to Implementing Internal Policies, Procedures and Controls (IPPC)
- Case studies and demo on effectively mitigating AML/CFT risks (including screening, customer due diligence, and ongoing monitoring)
- Exclusive offers on SentroWeb AML/CFT software
- Certificate of Attendance will be provided
Rundown for the AML Webinar
| Date: 28 Mar 2024 (Thursday) Time: 2:30 pm – 4:00 pm Platform: ZOOM Online Webinar Language: English Price: Free (on First-come-first-serve basis) Registration Closing Date: 27 Mar 2024 (earlier, if upon full registration) | |
| 2.20pm – 2.35pm | Log in and Welcome Introduction |
| 2.35pm – 2.55am | Part 1: Amendments to the AML/CFT Guidelines for PSMDs Speaker: Mr Raymond Lew,Ingenique Solutions This session will cover the new requirements in the amended PMLTF Regulations and the updated guide on AML/CFT measures. We will also share the red flag indicators for risk identification and provide guidance on non-face-to-face identity verification to ensure adherence to evolving standards in the PSMD industry. |
| 2.55pm – 3.30pm | Part 2: Practical Guide to Implementing Internal Policies, Procedures and Controls Speaker: Mr Martin Lim, Ingenique Solutions Learn practical strategies for developing and implementing effective internal policies, procedures, and controls to ensure compliance with AML/CFT requirements. Discover industry-leading practices that will help PSMDs establish robust frameworks to identify, detect, and prevent potential money laundering and terrorism financing activities. |
| 3.30pm – 3.50pm | Case Study and Demo on Mitigating AML/CFT Risks with Technology Speaker: Mr Raymond Lew,Ingenique Solutions Explore real-world case studies and a live demonstration showcasing how technology can be leveraged to mitigate AML/CFT risks in the PSMD sector. Discover innovative solutions and best-in-class tools that can enhance your company’s ability to proactively detect and respond to potential threats, safeguarding your organization’s reputation and mission. |
| 3.50pm – 4.00pm | Q&A |
About the Speakers
Mr Martin Lim
Founder & CEO, Ingenique Solutions
Martin is the Founder and CEO of Ingenique Solutions. With Ingenique, he focuses the company to be the trusted AML/CFT solution provider and has grown the company to serve customers across Singapore, Malaysia, Hong Kong and China. He frequently engages with small and medium sized professional firms to assist them in implementing AML/CFT policies, procedures and controls, and to prepare for regulatory inspections and reviews. Prior to joining Ingenique, Martin had more than 15 years in the IT industry covering both technical and business development responsibilities.
Mr Raymond Lew
Senior Business Development Executive, Ingenique Solutions
Raymond is a seasoned professional with years of experience in helping businesses go digital. He has a passion for introducing modern tools that simplify processes and make companies more efficient. Over the years, Raymond has also specialized in providing businesses with solutions to tackle money laundering and terrorist financing.
He believes in the power of technology to keep businesses both competitive and compliant. Through his expertise, numerous companies have been able to upgrade their systems and operate with confidence in today’s fast-paced world.
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