Executive Diploma in Anti-Money Laundering and Counter-Terrorist Financing - HKU SPACE: Finance and Compliance courses
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Accounting & FinanceFinance and Compliance

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

Course Code
EP087A
Application Code
1780-EP087A
Study mode
Part-time
Start Date
16 Nov 2020 (Mon)
Next intake(s)
Nov 2020
Duration
5 months
Language
English
How to Apply
Deadline on 09 Oct 2020 (Fri)
Enquiries
2867-8312
2858-4750

  1. Through case work, in-class discussions and expert guidance from our experienced speakers, you will learn how to assess the key elements of AML compliance programme.
  2. Online compliance learning in AML will be provided in collaboration with Thomson Reuters. You are able to access Thomson Reuters Compliance Learning online course in AML to deepen your understanding of financial crime and AML compliance.
  3. Firsthand study, experience-sharing and real-world cases by our AML speakers provides practical knowledge and skills in an attempt to prepare you to pursue a career in financial compliance.

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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. 

 

Assessment Criteria

Each module will be assessed by one individual written assignment. All assessments will be in English.

 

Attendance Requirement

Student are required to achieve at least 70% in attendance for each module to complete the whole programme.

 

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 (林日辉), CAMS, CFA, CAIA, CFE, FRM, PRM, MCSE, MCNE
Director, CapitaLogic Limited  
 
Dr. LAM Yat-fai is the Director of 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.  Dr. LAM has worked for bank regulator, international banks and sovereign wealth fund, specializing in the areas of anti-money laundering, regulatory technology and credit risk management.
 
 
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. 

 

Mr Jason Wong 
Managing Principal, GRC Chamber

Mr Wong has more than 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. 

 
 
Mr. Albert So
Practising Solicitor, Certified Anti-Money Laundering Specialist, Certified Financial Crimes Specialist, Arbitrator, Fellow of International Bar Association
 
Mr. Albert So, practising solicitor of High Court of Hong Kong and the Chairman of Hong Kong Mediation and Arbitration Centre. Over the past years, he has been the Court Prosecutor (fiat) for the Department of Justice responsible for handling financial crime prosecutions, and has also been the program director and university lecturer of various law and mediation programmes in Hong Kong and overseas universities.
 
Before Mr. So joined the legal profession, he had been one of the team members of a financial regulatory authority, responsible for conducting criminal investigation, handling litigation and disciplinary-related professional proceedings. Throughout his professional time as a regulator, he had personally handled over 800 financial disputes and their relevant litigations.
 
 
Ms Claire Franklin
Vice President – Governance and Controls (Client Life Cycle, Intelligence and Care) at Société Générale
 
Ms. Franklin is the Vice President – Governance and Controls (Client Life Cycle, Intelligence and Care) at Société Générale.  She is a financial crime professional with over 10 years of regulatory and financial crime experience.  Ms. Franklin worked in the regulatory, banking and consultancy sectors, gaining extensive experience in file remediation, procedure and policy review / drafting, risk assessment, training and assurance. She have worked in Asia and Europe and have a strong understanding of the domestic and international financial crime framework, particularly the FATF and EU Directives.
 

 

 

Application Code 1780-EP087A -

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 Compliance Programme (30 hours)

  1. Assessing Risk and Developing the Anti-Money Laundering and Counter-Terrorist Financing Risk Scoring Model
  • Factors to assess risk level
  • Geographical location and customer classification
  • Risk level of your products or services

 

2.   Elements of Anti-Money Laundering compliance programme

  • Internal policies, procedures and controls
  • Training in compliance
  • Internal audit
  • Compliance culture and senior management’s role
  • Customer Due Diligence implementation

 

3.  Suspicious Transaction Monitoring and Reporting I

  • Suspicious customer behaviour and identification
  • Suspicious cash transactions, non-cash deposits and wire transfer transactions
  • Suspicious commercial account activity and credit transactions
  • Suspicious investment trade

 

4.  Suspicious Transaction Monitoring and Reporting II

  • Suspicious trade financing records
  • Suspicious employee behaviour
  • Suspicious activity in currency exchange centres
  • Suspicious activity in insurance transactions

 

5.  Law Enforcement Investigations

  • Decision to prosecute
  • Summonses and subpoenas
  • Search warrants
  • Orders to freeze accounts
  • Dealing with investigators and prosecutors

 

6.  Conducting the Investigation

  • Organization of documents
  • Employee interviews
  • Attorney-client issues

 

7.  International Anti-Money Laundering Cooperation

  • Mutual legal assistance treaties
  • Financial intelligence units
  • Financial Action Task Force recommendations on cooperation between countries

 

Module 3 – Financial Crime Compliance (15 hours)

  1. Financial Crime and International Sanctions
  • International sanctions regulations
  • List-based programmes
  • Sanctions evasion
  • Sanctions screening
  • Transaction monitoring of arms, ammunition, other embargoed materials

 

2.  Anti-Bribery and Corruption

  • Common forms of bribery
  • Difference between bribery, corruption and facilitation payments
  • Hong Kong Prevention of Bribery Ordinance
  • Hong Kong Banking Ordinance
  • UK Bribery Act
  • US Foreign Corrupt Practices Act

 

3.  Fraud and Internal Threats

  • Financial statement fraud scenarios
  • Rules of evidence
  • Fraud control assessment
  • Fraud investigation basics and outcomes
  • Cyber and technology enabled financial crime
  • Major red flag identification

 

4.  Financial Crime Compliance and Risk Management

  • Use of financial intelligence
  • Suspicious transaction report analysis
  • Managing risk across bank groups
  • Application of adverse news

 

Module 4 – 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
 

Nov 2020 Intake - Tentative Timetable (To be advised)

Module 1 - Regulatory Principles of Anti-Money Laundering and Counter-Terrorist Financing (30 hours)

Lecture

Date

Time

1

24 Nov 20 (Tue)

7-10 pm

2

1 Dec 20 (Tue)

7-10 pm

3

8 Dec 20 (Tue)

7-10 pm

4

15 Dec 20 (Tue)

7-10 pm

5

22 Dec 20 (Tue)

7-10 pm

6

29 Dec 20 (Tue)

7-10 pm

7

5 Jan 21 (Tue)

7-10 pm

8

12 Jan 21 (Tue)

7-10 pm

9

19 Jan 21 (Tue)

7-10 pm

10

26 Jan 21 (Tue)

7-10 pm

 

 Module 2 - Anti-Money Laundering Compliance Programme (30 hours) 

Lecture

Date

Time

1

7 Dec 20 (Mon)

7-10 pm

2

14 Dec 20 (Mon)

7-10 pm

3

28 Dec 20 (Mon)

7-10 pm

4

4 Jan 21 (Mon)

7-10 pm

5

11 Jan 21 (Mon)

7-10 pm

6

18 Jan 21 (Mon)

7-10 pm

7

25 Jan 21 (Mon)

7-10 pm

8

1 Feb 21 (Mon)

7-10 pm

9

8 Feb 21 (Mon)

7-10 pm

10

22 Feb 21 (Mon)

7-10 pm

 

 

Module 3 - Financial Crime Compliance (15 hours) 

Lecture

Date

Time

1

16 Jan 21 (Sat)

2:00 pm -5:45 pm

2

23 Jan 21 (Sat)

2:00 pm -5:45 pm

3

30 Jan 21 (Sat)

2:00 pm -5:45 pm

4

6 Feb 21 (Sat)

2:00 pm -5:45 pm

 

Module 4 - Anti-Money Laundering in Practice (15 hours) 

Lecture

Date

Time

1

20 Feb 21 (Sat)

2:00 pm -5:45 pm

2

27 Feb 21 (Sat)

2:00 pm -5:45 pm

3

6 Mar 21 (Sat)

2:00 pm -5:45 pm

4

13 Mar 21 (Sat)

2:00 pm -5:45 pm

 

 
Venue:   HKU SPACE Po Leung Kuk Stanley Ho Community College (HPSHCC) Campus (at Causeway Bay) or other locations in Hong Kong Island.

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 (non-refundable)

Module 1 (30 hrs) $4,800
Regulatory Principles of Anti-Money Laundering and Counter-Terrorist Financing

Module 2 (30 hrs) $4,800
Anti-Money Laundering Compliance Programme

Module 3 (15 hrs) $2,400
Financial Crime Compliance

Module 4 (15 hrs) $2,400
Anti-Money Laundering in Practice

Course Fee

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 Stanley Ho Community College (HPSHCC) Campus  1/F, HPSHCC 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  1/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.)

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.
  6. Classes are expected to be held at HKU SPACE learning centers. The health and safety of our students is our top priority. If the situation in Hong Kong requires. HKU SPACE reserves the right to move some classes to other locations, including online teaching platforms.