REAL ESTATE SALESPERON
CONTINUOUS PROFESSIONAL DEVELOPMENT
FUNDAMENTAL OF FACILITIES MANAGEMENT
C3 : Anti-Money Laundering & Countering the Financing of Terrorism for the Real Estate Industry ($40.00)
COURSE TITLE: Anti-Money Laundering & Countering the Financing of Terrorism for
the Real Estate Industry CPD CREDITS: 2 Core points CATEGORY: C3 LEVEL: L1 SERIAL NO.: C3L1S0310 TRAINER/S: Mr. Alfred Chia LEARNING OUTCOME: With reference to the Practice Circular on the Prevention of Money
Laundering and Countering the Financing of Terrorism issued by CEA on 22 Nov
2013, it is important for real estate agents to have a deeper understanding of
what money laundering and terrorist financing is and your legal obligations to
counter these illegal activities. Two main acts under the practice circular are the Corruption, Drug
Trafficking and other Serious Crimes (Confiscation of Benefits) Act (“CDSA”)
and the Terrorism (Suppression of Financing) Act (“TSOFA”). (A) CDSA ·
Section 43 - Assisting another to retain the benefits of drug dealing. ·
Section 44 - Assisting another to retain benefits from criminal conduct. ·
Section 46 - Acquiring, possessing, using, concealing or transferring
benefits of drug dealing. ·
Section 47 – Acquiring, possessing, using, concealing or transferring
benefits of criminal conduct (B) TSOFA ·
Section 3 - Prohibition against providing or collecting property for
terrorist acts ·
Section 4 - Prohibition against provision of property and services for terrorist
purposes ·
Section 5 - Prohibition against use or possession of property for
terrorist purposes ·
Section 6 - Prohibition against dealing with property of terrorists (C) The penalties under
both Acts (D) How to do customer
due diligence and the relevant lists that you should screen your clients
against. (E) Know what are
Politically Exposed Persons (PEPs) (F) Know what are
Beneficial Owners (BOs) ·
How to file a Suspicious Transaction Report to Suspicious Transaction
Reporting Office (STRO) ·
Setting up an AML Framework in your Company (G) With reference to
Financial Action Task Force (FATF) – The variables you can use to classify your
clients in accordance to money laundering risks ·
Identifying suspicious behaviours in relation to client behaviour or
transaction patterns ·
Practice-related Case studies COURSE PROVIDER
DETAILS: Course Venue: Blk 190 Lorong 6 Toa
Payoh, #02-510 S(310190) Hotline: 6255 6091 / 6083 Email: cpd@lifemasteryacademy.com *By registering, you acknowledge that you have read, understood, and
agreed to the following Terms and Conditions for CPD Core Registration
& Issuance of Letter of Attendance.
TERMS
AND CONDITIONS IMPORTANT
REMINDER:
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1. 2 Core Credits will be awarded with each CPD Core
course as approved by CEA.
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and give full commitments to attend the classes.
4. No refund for non-attendance or withdrawals.
5. An administrative charge of $21.40 (inclusive of GST)
will be imposed for all approved transfer/re-scheduling of CPD courses.
6. Course Fee will be forfeited should the participant
not show up on rescheduled course dates (with effect from 01 Jan 2018).
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course dates and/or venue. Prior notice will be given.
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requirements, RES are to clock in a minimum of 2 hours and 30 minutes of
training hours.
9. A maximum of 15 minutes grace period is allowable for
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Failing which, CPD Points and “Letter of attendance” will not be awarded.
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*For any CPD queries, kindly contact LMA at 6255
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