Date
Wednesday, 23 July 2025
Time
9AM to 5PM
Location
TBA
Cost
$520.00 nett
Includes lunch, tea breaks, materials and e-certificate
Early Bird Discounts:
• 20% off before 23 June 2025
• 10% off before 7 July 2025
*Pricing stated is before discount
Payment Methods
Bank transfer, PayNow, cheque or cash
In light of one of Singapore’s largest money laundering cases, which has sent shockwaves across the Asian financial sector, the need for robust anti-money laundering (AML) measures has never been more critical. Financial institutions are intensifying scrutiny of high-risk transactions and foreign investors, while regulators face growing challenges in detecting illicit financial flows amidst vast transaction volumes.
As key gatekeepers of financial integrity, accountants play a vital role as the first line of defense against money laundering and terrorism financing. Recognized as "accountable persons" under regulatory frameworks, accountants must understand their obligations, assess risks, and implement effective Internal Policies, Procedures, and Controls (IPPC) to combat financial crimes.
This practical workshop is designed to equip professionals with the knowledge and tools to:
• Develop and implement an effective AML compliance program.
• Conduct thorough Know-Your-Customer (KYC) and due diligence procedures.
• Fulfill regulatory reporting requirements to Singapore’s Commercial Affairs Department (CAD) Financial Investigation Division.
Participants will gain a clear understanding of money laundering and terrorism financing risks, along with actionable insights into legal obligations under Singapore’s AML legislation. Whether you are an accountant, auditor, or compliance professional, this course will empower you to strengthen your organization’s defense against financial crime.
Join us to stay ahead in an evolving regulatory landscape and uphold the highest standards of financial integrity.
Accountants must develop, document, maintain and implement an Internal Policy and Procedures Controls (IPPC). The workshop aims to provide you with steps and process of how to implement a IPPC for your firm.
Accountants will need to follow a risk-based approach when dealing with different clients due to the different levels of money laundering, terrorist financing and proliferation financing risks. The following practical guidance will be covered:
• Responsibility of management and those charged with Governance
- Approval and adoption of the Internal Policy and Procedures Controls (IPPC)
• Appointment and responsibility of the ML Compliance Reporting Officer
• Monitoring and reporting
• Customer due diligence
- Identification and verification of the identity of clients, persons acting on behalf of the client, and the client’s beneficial owners
- Scrutinising client information
- Foreign Politically Exposed Person
- Domestic Politically Exposed Person
• Risk assessments for each type of entity
• Targeted financial sanctions under UN Security Council Resolutions (UNSCRs) Financial institutions, non-financial institutions and individuals in Singapore required to comply with financial sanction requirements in relation to UN-designated individuals and entities
• Record keeping
• Training of employees
• Screening of employees
• Additional obligations for approved trustees under Monetary Authority of Singapore Act
• Submission of Beneficial Ownership registers to CIPC.
On completion of this workshop, participants should be able to fulfil certain regulatory obligations, such as:
✔ Establish and verify the identity of clients
✔ Understand the nature and purpose of a transaction and relationships
✔ Keep records of business relationships and transactions
✔ Screen against sanctions watchlists
✔ Report receipts of cash above a prescribed amount to the STRO
✔ Report suspicious transactions or activities to the STRO
✔ Document internal processes consistent with obligations under the ACRA
✔ Offer compulsory AML/CFT/CPF training to all employees
✔ Appoint a compliance officer
✔ Identify the source of funds for transactions.
This workshop includes sample templates accounting and auditing firms may need in order to comply as well as the necessary annexures to assist with the successful implementation of the firm’s Internal Policy and Procedures Controls.
• Accountants and auditors responsible for AML/CFT compliance
• Compliance Officers responsible for the implementation of IPPC
• Directors and Managers who would like to take practical steps to manage and mitigate risks when faced with potential money laundering issues and scenarios
• Legal & Governance Professionals involved in financial crime prevention
This workshop is essential for professionals seeking to strengthen their firm’s defense against financial crime while meeting regulatory obligations.
Date
Wednesday, 23 July 2025
Time
9AM to 5PM
Location
TBA
Cost
$520.00 nett
Includes lunch, tea breaks, materials and e-certificate
Early Bird Discounts:
• 20% off before 23 June 2025
• 10% off before 7 July 2025
*Pricing stated is before discount
Payment Methods
Bank transfer, PayNow, cheque or cash
Expert Speaker
Mr. Luar is a highly experienced professional with over 40 years of expertise in audit, fraud examination, corporate advisory, and tax compliance. He provides strategic guidance to businesses on IPO preparation, corporate restructuring, investment decisions, and due diligence, supporting both international and local clients in their growth and expansion. His deep industry knowledge allows him to deliver tailored solutions across assurance, governance, and financial advisory services.
He is the Founder of E H Luar & Co, an accounting firm established in 1999 that offers a full range of professional services to private and public sector entities. Earlier in his career, he worked with medium-sized accounting practices, handling diverse client portfolios in assurance, tax, and advisory. Beyond his firm, Mr. Luar holds key leadership roles, including Audit Committee Chairman for a major charity and Independent Director for several overseas-listed investment companies.
Mr. Luar is a Fellow Chartered Accountant (Singapore, UK, and Australia), a Certified Fraud Examiner, and an Accredited Tax Advisor. He is also a member of the **Singapore Institute of Arbitrators and the Singapore Institute of Directors, reflecting his commitment to governance, dispute resolution, and corporate leadership.
His distinguished career combines technical mastery with strategic insight, making him a trusted advisor in the financial and business sectors.