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BusinessFinance and Investment

Executive Certificate in Anti-Money Laundering and Counter Terrorist Financing
行政人員證書《反洗黑錢及反恐怖主義融資》

Course Code
EP071A
Application Code
1550-EP071A
Study mode
Part-time
Start Date
13 Oct 2017 (Fri)
Next intake(s)
2-2018
Duration
4 months to 8 months
Language
English
Course Fee
Module 1 (30 hrs) $5,100
Regulatory Principles of Anti-Money Laundering and Counter-Terrorist Financing

Module 2 (15 hrs) $2,550
Anti-Money Laundering in Practice
How to Apply
Deadline on 29 Sep 2017 (Fri)
Enquiries
2867-8312
2858-4750

According to 2015 Robert Walters Global Salary Survey, as financial services companies face tougher new legal and regulatory requirements to tackle AML risk, the demand for compliance professionals in AML will be increased over the next few years. The programme aims to equip students with a theoretical and practical foundation and the latest knowledge in AML. It also focuses on the best practice approach to money laundering and terrorist financing prevention in Hong Kong.

Now open for OCTOBER 2017 Intake  admission

The programme aims to equip students with a theoretical and practical foundation and the latest knowledge in anti-money laundering and counter-terrorist financing. The programme focuses on the best practice approach to money laundering and terrorist financing prevention in Hong Kong. 

 

Speakers

 

Mr. Russ Harding
Former AML Compliance Director

Russ Harding served as a detective in the Police for more than 30 years and has experience in investigating all the major areas of organised crime, including armed robbery, murder, rape, kidnapping, and arson. In the last two thirds of his detective career, Russ specialised in financial crime, including money laundering and the proceeds of crime, and was the lead investigator in some of Hong Kong's largest and most complicated money laundering prosecutions.  He has subsequently been the APAC regional head of financial crime compliance at a major international bank, and now works as an independent risk consultant specialising in financial crime.

Russ is widely recognized both in Hong Kong and overseas for his practical expertise in the investigation, prosecution, risk assessment and the prevention, remediation and mitigation of money laundering and related crime. He is frequently approached for advice on the subject, and has extensive experience as a speaker about and testifying in court on money laundering and related matters. 

 

Dr. Lam Yat-fai

Principal, Structured Products Analytics, CapitaLogic Limited  

 

Dr. Lam Yat-fai is the Principal, Structured Products Analytics, CapitaLogic Limited and Adjunct Professor of Finance, City University of Hong Kong.  He graduated from City University of Hong Kong with a Doctor of Business Administration degree in finance and holds the CFA, CAIA, CAMS, FRM and PRM professional designations.  Dr. Lam has worked for bank regulator, sovereign wealth fund and international banks, specializing in the areas of structured products, anti-money laundering and credit risk management.  He authored the course material "The Presentation Slides for Teaching Anti-Money Laundering and Counter-Terrorist Financing."

 

Ms. Jodi Andersen
Director of Legal and Compliance
 

Jodi Andersen is a Director at an American Investment Bank, where she is responsible for financial crime policies and training across Asia Pacific. Jodi has extensive experience in providing risk advisory services to financial institutions on AML regulatory and sanctions compliance matters having previously worked at KPMG, Ernst & Young, and the International Chambers of Commerce in this capacity.  Jodi is a member of ACAMS and ACFE. She holds an MSc in Financial Crime from the London School of Economics.

 

Mr. Gavin Shiu
Senior Assistant Director of Public Prosecutions, Department of Justice, 
Hong Kong Special Administrative Region
 
Mr. Shiu is the professional advocate with over twenty years’ experience and seasoned prosecutor having experience of serious transnational crime with depth work interaction with government departments and regulatory bodies such as Financial Services and Treasury Bureau; Securities and Futures Commission and Hong Kong Monetary Authority.  He provides advices on the evidence needed and investigatory approaches for complicated and involved frauds and money laundering cases. He was the legal evaluator representing Hong Kong for the joint mutual evaluation of South Korea in 2009 conducted by the Financial Action Task Force (FATF) and the Asia Pacific Group. He is also the author on AML law and commercial crime law in Hong Kong. 
 
 

 

Ms. Kelly-Ann McHugh

Head of Regulatory Intelligence, Asia-Pacific, Thomson Reuters
 
Kelly-Ann is the Head of Regulatory Intelligence and Enterprise Risk Solutions in Asia Pacific, Kelly-Ann leads the growth and retention of Thomson Reuters’ suite of solutions providing compliance officers with exclusive news, analysis and global regulatory event monitoring for Banking, Financial Services and Insurance markets. In a world where we track over 200 regulatory updates per day, over 53 alerts per day in Asia-Pacific, automation of the management of regulatory change has become critical. In Asia-Pacific, Kelly-Ann provides the voice of our customers in region to our global product management teams to enhance and develop our suite of regulatory solutions, ensuring the needs of Asia are met. Kelly-Ann manages Thomson Reuters Compliance, Audit and Risk workflow solutions and leading Financial Regulatory Change Management solutions. Kelly-Ann has 9 years of experience in the risk management industry, Kelly-Ann joined Thomson Reuters from Queensland University of Technology where she conducted Information Technology audits and IT risk advisory. Previously she worked at Deloitte within Enterprise Risk Solutions. Kelly-Ann joined Thomson Reuters to build sales in the Pacific region for Thomson Reuters’ Enterprise Risk and Regulatory Compliance software and content solutions. Kelly-Ann graduated from the University of Auckland in Accounting and Information Systems, she is a Certified Information Systems Auditor and in a previous life was once a Registered Chartered Accountant.
 
 

Mr Jason Wong
Principal, International Consultancy Firm

Jason Wong is a Principal of Risk Advisory Services in Hong Kong. He has 16 years of working experience and specialises in Governance Risk and Compliance (GRC) services. Jason is an AML specialist who has managed AML review engagements in banking, securities trading/underwriting, assets management, insurance brokerage, money lender and pawn industry in Hong Kong, Macau and PRC. He assisted these businesses in building an effective AML risk assessment, client risk profiling, CDD, transaction monitoring and STR programs. Jason obtained a Finance & Accounting bachelor degree from Ryerson University, Canada, and is an Associate Member of The Association of Certified Fraud Examiner. 

 

 

 

Assessment Methods

Each module will be assessed by written assignments (100%).  All assessments will be in English.

 

October 2017 Intake - Tentative Timetable

Module 1 - Regulatory Principles of Anti-Money Laundering and Counter-Terrorist Financing (30 hours)
Lecture Date Time
13 Oct (Fri)
7:00 pm -10:00 pm
2 20 Oct (Fri) 7:00 pm -10:00 pm
3 27 Oct (Fri) 7:00 pm -10:00 pm
4 3 Nov (Fri) 7:00 pm -10:00 pm
5 10 Nov (Fri) 7:00 pm -10:00 pm
6 17 Nov (Fri) 7:00 pm -10:00 pm
7 24 Nov (Fri) 7:00 pm -10:00 pm
8 1 Dec (Fri) 7:00 pm -10:00 pm
9 8 Dec (Fri) 7:00 pm -10:00 pm
10 15 Dec (Fri) 7:00 pm -10:00 pm
 
Module 2 - Anti-Money Laundering in Practice (15 hours)
Lecture Date Time

11 Nov (Sat)

9:30 am - 6:00 pm

2 18 Nov (Sat) 9:30 am - 6:00 pm
 

** Schedule is subject to change without prior notice.

Venue:  HKU SPACE Po Leung Kuk Stanley Ho Community College (HPSHCC) Campus (at Causeway Bay)

 

Module 1 – Regulatory Principles of Anti-Money Laundering and Counter-Terrorist Financing

(30 hours)

1. International organizations for Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF)
• Financial Action Task Force
• United Nation
• Asia Pacific Group on Money Laundering

2. Legislations for AML/CTF in financial institutions
• Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance
• Drug Trafficking (Recovery of Proceeds) Ordinance
• Organized and Serious Crimes Ordinance
• United Nations (Anti-Terrorism Measures) Ordinance

3. Roles of different government authorities
• Financial Services and The Treasury Bureau
• Financial regulators: HKMA, SFC, OCI and C&E
• Hong Kong Police Force
• Joint Financial Intelligence Unit
• Narcotics Division

4. Mutual evaluation by Financial Action Task Force (FATF)
• Results of last mutual evaluation in 2008
• Preparation of next mutual evaluation in 2018

5. Regulatory framework
• Customer due diligence (CDD)
• Risk based approach for CDD
CDD for individual persons / corporations
• Enhanced CDD for politically imposed persons
• Simplified CDD for public entities

6. AML/CTF Governance Model
• Compliance risk in AML/CTF
• Reporting lines and policy
• Communication of AML/CTF compliance

7. Reporting Suspicions
• International requirements
• Cross-border reporting issues
• Data protection requirements

8. Complex Money Laundering Typologies & Red Flags
• Product / service risk
• Distribution channel risk
• Country risk

 

Module 2 – Anti-Money Laundering in Practice (15 hours)

1. Anti-money laundering risk assessment programme
• Risk assessment
• Anti-money laundering policy
• Reporting

2. Anti-money laundering implementation and compliance programme
• Management of regulatory expectation
• Effective detection and monitoring
• Common issues

3. Anti-money laundering Investigations
• Investigation basics and outcomes
• Interviewing
• International cooperation

4. Recent AML Case Studies in banking

 

Applicants shall:
(i.) hold a bachelor’s degree awarded by a recognized institution or equivalent; or
(ii.) hold an Associate Degree / a Higher Diploma awarded by a recognized institution or equivalent and have 2 years work experience; or
(iii) hold relevant professional qualifications.
Applicants with other qualifications will be considered on individual merits.

Application Fee

HK$150

Course Fee
  • Module 1 (30 hrs) $5,100
    Regulatory Principles of Anti-Money Laundering and Counter-Terrorist Financing

    Module 2 (15 hrs) $2,550
    Anti-Money Laundering in Practice

Application Form Application Form

Enrolment Method

1.     Please complete APPLICATION FORM and submit them in person at any of the following SPACE enrolment centre:

  • HKU Campus  Room 304, 3/F, T.T. Tsui Building, The University of Hong Kong, Pokfulam Road, H.K. (Next to Swire Hall); Tel: 2975 5680 Fax: 2546 3538 (Opening Hours: Weekdays - 8:30 a.m. - 6:00 p.m.; Saturdays – Closed)
  • Admiralty Learning Centre 3/F, Admiralty Centre, 18 Harcourt Road, H.K. (access via the Shopping Arcade escalators through Exit A, Admiralty MTR Station);  Tel: 3761 1111 Fax: 2559 4666 (Opening Hours: Weekdays - 8:30 a.m. - 7:30 p.m.; Saturdays - 8:30 a.m. - 5:30 p.m.)
  • HKU SPACE Po Leung Kuk Community College (HPCC) Campus  1/F, HPCC Campus, 66 Leighton Road, Causeway Bay, H.K.; Tel: 3923 7171 Fax: 3923 7188 (Opening Hours: Weekdays - 9:00 a.m. - 5:30 p.m.; Saturdays – Closed)
  • Fortress Tower Learning Centre  14/F, Fortress Tower, 250 King's Road, North Point, H.K. (Exit B, Fortress Hill MTR Station); Tel: 3762 0888 Fax: 2508 9349 (Opening Hours: Weekdays - 8:30 a.m. - 7:30 p.m.; Saturdays – Closed)
  • Island East Campus 2/F, 494 King's Road, North Point, H.K. (Exit B3, North Point MTR Station); Tel: 3762 0000 Fax: 2214 9493 (Opening Hours: Weekdays - 8:30 a.m. - 7:30 p.m.; Saturdays - 8:30 a.m. - 5:30 p.m.)
  • Kowloon East Campus  1/F, 28, Wang Hoi Road, Kowloon Bay (Exit B, Kowloon Bay MTR Station); Tel: 3762 2222 Fax: 2305 5070 (Opening Hours: Weekdays - 8:30 a.m. - 7:30 p.m.; Saturdays - 8:30 a.m. - 5:30 p.m.)
  • Kowloon West Campus G/F, 38-46, Nassau Street, Mei Foo Sun Chuen (Phase 6), Kowloon (Exit B, Mei Foo MTR Station); Tel: 3762 4000 Fax: 2302 1609 (Opening Hours: Weekdays - 8:30 a.m. - 7:30 p.m.; Saturdays - 8:30 a.m. - 5:30 p.m.)

2.    All applications must be accompanied by:

a)  Photostat copies of full educational certificates and transcripts.

b)  One crossed cheque payable to 'HKU SPACE' in respect of the course fee payment.

d)  A separate non-refundable crossed cheque payable to 'HKU SPACE' for HK$150 in respect of the application processing fee.  Application fee and course fee can be paid by credit cards at HKU SPACE Enrolment Centres.

Note : When submitting your application in person at any of the HKU SPACE enrolment centres, please bring along the originals of your educational certificates / transcripts for certification at the enrolment centres. Late applications may only be considered at the discretion of the Course Director.

Payment Method

 

1. Cheque or bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify theprogramme title(s) for application and applicant’s name. You may bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres

3. VISA/MasterCard

Applicants may also pay the course fee by VISA or MasterCard, including the “HKU SPACE MasterCard”, at anyHKU SPACE enrolment centres. Holders of the HKU SPACE MasterCard can enjoy a 10-month interest-freeinstalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

 

Notes

  1. Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, course fee will normally be reimbursed by a cheque, and fees paid by credit card will normally be reimbursed to the payment cardholder’s credit card account.

  2. In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  3. Fees and places on courses cannot be transferred from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on approved transfers.
  4. Receipts will be issued for fees paid but HKU SPACE will not be responsible for any loss of receipt sent by mail.
  5. For additional copies of receipts, please send a stamped, self-addressed envelope with a completed form and a crossed cheque for HK$30 per copy made payable to ‘HKU SPACE’. Such copies will only normally be issued at the end of a course.