Rayma Sdn Bhd

Money Laundering in Commercial Concerns
Assessing and Managing Legal, Regulatory and Commercial Risk
…why it's not just banks that need to act!

August 2-3 2004 w Holiday Villa, Subang Jaya

Led by
Nigel Morris-Cotterill

Internationally Recognised Counter-Money Laundering Strategist with more than a quarter century's experience in tracing proceeds of financial fraud.
The First Expert appointed in Malaysia to interpret the Anti-Money Laundering Act 2001 for Malaysian Bankers.
Founder - The Anti Money Laundering Network, worldwide.
Author: "How Not to be a Money Launderer - The Avoidance of Fraud and Money Laundering in Your Organisation" & the forthcoming "The Counter-Money Laundering Laws of South East Asia."
Editor - World Money Laundering Report.

NOT TO BE MISSED! REGISTER NOW!
Nigel Morris-Cotterill's Unique Experience and Piercing Insights into the problems of Money Laundering. Senior executives should listen to what he has to say. He should be compulsory listening.

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As it gets more difficult for criminals to offload their money in banks or financial institutions - an ordinary, simple and legitimate business organisation can often find itself a victim of money laundering schemes."
Nigel Morris-Cotterill

Scale of the crime…
The International Monetary Fund has estimated the global volume of money laundering in 2001 to be between US$1.6 to US$1.8 billion. (about 2% to 5% of the world's GDP).

WHAT IS MONEY LAUNDERING?
Money laundering is organised crime's way of trying to disprove the adage that "crime doesn't pay." It involves hiding the proceeds of criminal or illegitimate activities such as drug trafficking, prostitution, gambling, funding terrorism, illegal arms sales, smuggling, financial embezzlement, insider trading, bribery, tax evasion and fraud schemes. The biggest amounts, probably hundreds of millions of dollars each year, stem from the global narcotics trade and counterfeiting of a wide range of products especially in South East Asia.

Money laundering encompasses the act of a person who:

Engages directly or indirectly, in a transaction that involves proceeds of any unlawful activity.
Acquires, receives, possesses, disguises, transfers, converts, exchanges, carries, disposes,uses, removes from or brings into Malaysia proceeds of any unlawful activity, or
Conceals, disguises or impedes the establishment of the true nature, origin, location, movement, disposition, title of, rights with respect to, or ownership of, proceeds of any unlawful activity.

NOW MORE PERILOUS THAN EVER!
Fighting financial crime is not an optional activity. Recent attention by the government, regulators and the press has highlighted the need for business leaders to be proactive in combating financial crime. Even more worrying is the increasing number of cases where directors, officers and senior managers are being held personally liable for both direct and consequential losses incurred as a result of fraud. The Anti-Money Laundering Act 2001, new legislation and government powers have dramatically increased the risks for you, your organization, customers and correspondent institutions. Abroad, actions by shareholders arising from perceived loss of shareholder value is increasing risks for a wide range of businesses.

No organisation is immune from these legal requirements or exempt from enhanced scrutiny. Laws are making directors responsible for the actions of their companies, and denying the right to say "we didn't know that was happening in our company" as a defence. Violations can yield severe consequences - including fines, forfeitures, prosecution or jail. Reputational harm can be devastating. As trade-based money laundering becomes more attractive to launderers, systems designed to protect the organisation against fraud must now be implemented or updated to protect against money laundering.

2-DAYS OF STIMULATING, THOUGHT PROVOKING LEARNING
This programme will equip you with spot-on information and know-how on money laundering - how it can be detected and deterred and the abuse of accounts held with ordinary trading and manufacturing companies. It will focus on how non-financial service businesses are victims of money laundering schemes, highlight legal problems and identify stress points within the organisation.

WHY IT'S IMPERATIVE THAT YOU ATTEND
Businesses often complain that the regulatory burden imposed causes expense and disruption. What they do not realise is that regulatory regime, properly applied, actually protects them against the risk of criminals using their businesses for money laundering with the attendant risk to their business and even, criminal prosecution.

Your business is subject to AMLA since 15 January 2002.
If your business launders money, even accidentally, the business - its officers and staff risk prosecution under AMLA 2001 as amended.
In addition to the risk of prosecution, there is the risk of regulatory proceedings.
You want to be compliant, a good corporate citizen and reduce opportunities for money laundering.
You operate in an international environment where foreign laws apply to your business.

WHAT YOU WILL LEARN

Examine methods money launderers use to involve commercial concerns in their business activities.
Obligations placed on your bankers, stockbrokers and advisers in their business relationship with you.
What domestic law applies to your company and the penalties for breach.
How foreign law can have an impact on your ability to trade both domestically and internationally.
Why money launderers are increasing their use of commercial concerns.
How to identify suspicious transactions.
Your AMLA obligations.
Why you should consider implementing a compliance system even though there is no legal obligation to do so.
Essential elements of a compliance system.
Issues in designing and implementing a compliance system.
Reducing the risk of money laundering and prosecution.

SPECIAL PROGRAM FEATURE
You will work in groups to produce a draft outline of a
Money Laundering Risk Manual that you can build on to help protect your company.

PRIME IMPORTANCE AND BENEFIT TO:

Company Presidents & CEOs
Company Directors
General Managers
Financial Directors
Company Secretaries
Auditors and Heads of Internal Audit
Treasurers & Controllers
Compliance Officers
Accountants
Corporate Security Directors
Internal & External Attorneys
Risk Managers
Regulators
Bankers & Financiers
Businessmen & Entrepreneurs

PROGRAM CONTENT

Day One

OUR BUSINESS DEPENDS ON MONEY: DO WE KNOW WHAT IT IS?

Defining money for the purposes of counter-money laundering laws
Defining money laundering
How does dirty money move around the world?

THIS ONLY APPLIES TO BANKS, RIGHT?

Why money launderers are targeting commercial and trading concerns
How money laundering laws within AND outside Malaysia impact directly on your business
How money laundering laws impact indirectly on your business

WAR STORIES: HOW MONEY LAUNDERERS HAVE BEEN USING
COMMERCIAL BUSINESSES

Why you should consider developing your own anti-money laundering system.
What to do if you suspect that a customer or supplier is trying to use your business for laundering
What to do if an investigation is commenced

Day Two

DEVELOPING AN ANTI MONEY LAUNDERING SYSTEM

Examining the basic elements
Identifying risk areas in your business
Identifying the stress points for designing a system

RECONCILING STRESSES

FITTING THE SYSTEM WITHIN YOUR BUSINESS

WORKSHOP:
A case study will be presented and participants will work in teams to draft a model risk assessment and an outline procedures manual.

R E G I S T R A T I O N D E T A I L S

Program Details	Money Laundering in Commercial Concerns Assessing and Managing Legal, Regulatory and Commercial Risk …why it's not just banks that need to act! August 2-3, 2004 9am-6pm daily Holiday Villa Subang Jaya, Selangor DE. Your Investment RM2,250 for the first delegate. RM1,750 for the second delegate or more from the same company. (a huge RM500 savings per delegate on the 2nd registration onwards!) Fee is inclusive of programme manual, lunches and refreshments. Early bird Incentive Take 10% OFF the total fee payable. Register and pay by 26 June 2004. Team Attendance Highly Recommended This is to facilitate successful implementation of the knowledge acquired from the program.
Reservations	Reservations can be made by telephone, fax or e-mail. Registration is confirmed on receipt of the registration form and payment cleared before the program date. If unable to do so due to government policy or company procedure, please advise late payment in writing.
Cancellations Policy	Full refund for written notice received 2 weeks before program. A 25% cancellations fee will be levied for late cancellations. No refund for cancellations received after 26 July 2004. Substitutions are allowed.
HRD Council: SBL Scheme	Organizations contributing to the HRD Fund may claim 100% of the approved training program fee. Please apply through your HR Department at least 14 days in advance of the program to expedite approval from HRDF. RAYMA will be pleased to assist in this process upon request.
RAYMA Guarantee	Full refund if we do not deliver what we promise. Just turn in your workbook at the end of the program
We come to you	In-Company Customised Learning Solutions. Need to develope entire teams? All our public programs, based on best practices, can be developed in partnership with you to meet your organization's specific requirements.
Registration & Enquiries	RAYMA Sdn Bhd 2B Jalan SS24/13, Taman Megah, 47301 Petaling Jaya, Selangor Darul Ehsan, Malaysia Tel: +60 3 7804 4666/777/888 Fax:+60 3 7804 4484 Email : seminars@rayma.com.my

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