Event

Event

 

Session 2: 9 Data Points & Verifications

30 Sep 2022 - Fri / 1 day / 3:00pm - 4:00pm / Zoom Webinar

AMLA COMPLIANCE:

VIRTUAL POCKET SERIES FOR SMALL FIRMS

The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (“AMLA”) is the primary statute governing the anti-money laundering and counter financing of terrorism (“AML/CFT”) regime in Malaysia. AML/CFT is a self- compliance programme — it is a legal obligation under the AMLA 2001 for each reporting institution (“RI”) to comply. AMLA imposes reporting obligations on RIs as a counter- measure to prevent or mitigate money-laundering/terrorism financing (“ML/TF”). The relevant section on reporting obligations can be found under Part IV of AMLA. Section 19 of AMLA requires a reporting institution to have compliance programmes policies, procedures, and controls to guard against, and detect any offence under AMLA.

The AMLA Virtual Pocket Series aims to, among others, improve the ability and capcity of law firms, especially small firms, to understand AMLA compliance requirements and devise an appropriate AML/CFT compliance programme within the firm and strengthen the compliance culture of reporting institutions, particularly the legal sector.

 

Member: RM 0
Law Student: RM 0
Pupil in Chambers: RM 0
Non-Member: RM 0
Organisers: Bar Council

CPD Points: 1
Circular No:
Event Code:
T5/30092022/BC/BC221211/1

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Description

AMLA COMPLIANCE:

VIRTUAL POCKET SERIES FOR SMALL FIRMS

The Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (“AMLA”) is the primary statute governing the anti-money laundering and counter financing of terrorism (“AML/CFT”) regime in Malaysia. AML/CFT is a self- compliance programme — it is a legal obligation under the AMLA 2001 for each reporting institution (“RI”) to comply. AMLA imposes reporting obligations on RIs as a counter- measure to prevent or mitigate money-laundering/terrorism financing (“ML/TF”). The relevant section on reporting obligations can be found under Part IV of AMLA. Section 19 of AMLA requires a reporting institution to have compliance programmes policies, procedures, and controls to guard against, and detect any offence under AMLA.

The AMLA Virtual Pocket Series aims to, among others, improve the ability and capcity of law firms, especially small firms, to understand AMLA compliance requirements and devise an appropriate AML/CFT compliance programme within the firm and strengthen the compliance culture of reporting institutions, particularly the legal sector.

Speaker

BABU RAJ RAJA GOPAL is an advocate and solicitor with more than 21 years of experience. His areas of practice include banking law, corporate disputes, and civil litigation. Currently, he is the Co-Chairperson of the Bar Council Committee on AMLA. He has completed the Train-the-Trainer (“TTT”) Programme that was jointly conducted by Bank Negara Malaysia and the Asian Banking School. He actively conducts training sessions and seminars. He is the immediate past Chairman of the Perak State Bar Committee. He also sits as president of the Home Buyers Tribunal.

MURAD ALI B ABDULLAH is a partner of the Messrs K’Mura & Co. Murad handles litigations as senior counsel for real estate and transaction matters; local and international investment, trade, and commercial disputes; construction and development industry disputes; and general corporate and civil matters. Murad is a life member of LAWASIA and the current Chair of LAWASIA’s Real Estate & Transactions Law Committee (“LAWREAT”). Murad serves in the Legal Profession Committee and the Committee on AMLA, and in the Bank Negara Malaysia’s Working Committee on Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities (“AMLA”). Murad is a member of Transparency International Malaysia and an international trainer for AMLA compliance. Murad is also a life member of ASEAN Law Association.

R. JAYABALAN graduated with LL.B (Hons) degree from the International Islamic University Malaysia (“IIUM”) in 1996 and obtained his MBA in 2004. He was admitted as an advocate and solicitor to the High Court of Malaya in 1997. He has been in active practice since 1997 and is based in Johor Bahru. He is a small firm practitioner currently operating his sole-proprietorship since 2013. His area of practice is general civil litigation comprising of contract, commercial, tort, industrial relations and administrative law litigation at trial and appellate levels. He is the Chairman of the Johore Bar and a member of the Bar Council. He currently serves as the Chairperson of the Small Firms Practice Committee.

Terms and Conditions

Event Policy

Places are limited and registration is on a first-come, first-served basis.

For events with registration fees, all payments must be made in advance, including bank charges. Registration will be confirmed once proof of payment is provided by email or fax, and full payment is received.

For events that are not organised by Bar Council, please note that you are subject to the relevant terms and conditions specified by the external providers.

Cancellation 

Cancellations must be made in writing.

If you have failed to inform the organiser on your cancellation for three consecutive times, you may be blacklisted for future events.

Refunds 

Refunds will be processed after the event is completed. This may take up to 30 business days. The conditions for refunds are as follows:

  • Full refunds will be issued if the event is cancelled or postponed by the organiser due to some circumstances.
  • No refunds for this course. However substitution is allowed.

The organiser reserves the right to modify, cancel or postpone the event, should circumstances arise that make such action necessary, whereupon all registration fees paid will be refunded.

Transferral

You are allowed to transfer your place to another participant, but you must notify the organiser with the necessary details.

Attendance 

CPD points will not be awarded to lawyers and pupils in chambers from Peninsular Malaysia who arrive more than 15 minutes late, are not present throughout the event, or leave before its scheduled end.

Privacy 

The personal information that you provide to the Bar Council, whether now or in the future, may be used, recorded, stored, disclosed or otherwise processed by or on behalf of the Bar Council for the purposes of facilitation and organisation of this event, research and audit, maintenance of a participant database for the promotion of this event, and such ancillary services as may be relevant.

Disclaimer

  • Materials will be emailed only. No printed notes will be provided.
  • No recording of the event is permitted via any means at any time.
  • No part of the event content may be used/reproduced in any form without the written and explicit consent of the Bar Council and speaker(s).

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