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Anti-Money Laundering Training Case Study of Ye Hua Lan’s Enterprise Limited Training Program Understanding Money Laundering “Money laundering is not just a crime - it’s a gateway to enabling other serious criminal activities.” Definition: The process of making illegally-obtained money appear legal Global Impact: Estimated $2 trillion laundered annually Our Responsibility: Prevention, detection, and reporting Why This Training Matters Regulatory Requirements AML/CFT Act compliance Regulatory reporting obligations Personal liability risks Business Protection Reputation safeguarding Financial security Criminal liability prevention The Ye Hua Case: A Warning Tale Key Facts Laundered: $18 million Method: Money exchange business Sentence: 7½ years imprisonment Connection: Drug trafficking syndicate Red Flags Missed Unusual Transaction Patterns ...

Investigation Houston The ING Bank AML Compliance Failure Lan’s Enterprise Limited Training Program Training Objectives What you’ll learn today: Understand how a major international bank failed its AML obligations Identify systemic compliance failures and their root causes Recognize the consequences of prioritizing business over compliance Learn key red flags that were missed for years Apply lessons to prevent similar failures in your organization Case Overview ING Bank N.V. - The Facts Institution: ING Bank Nederland (ING NL) Period: 2010-2016 Investigation: “Operation Houston” by Dutch FIOD Settlement: €775 million (September 2018) Status: Only Dutch bank on Global Systemic Banks list What Is a Systemic Bank? Critical Infrastructure 9 million account holders in Netherlands 340 million payment transactions per month Essential to financial system functioning Higher responsibility for system integrity Trusted reputation in national/international trade With great power comes great responsibility ...

🧩 Know Your Customers Get the Picture: The Complete KYC Cycle Q1 2022 Quarterly Training Lan’s Enterprise Limited Training Program Presented by: Angela Ji Do You Really Know Your Customers? “You think you know me, but you don’t know me…” The Reality: Knowing your customers is not a one-time event—it’s an ongoing journey of trust, vigilance, and verification. Training Objectives What you’ll learn today Understand the 6-step KYC cycle and why it never ends Identify when and how to perform Customer Due Diligence (CDD) Recognize situations requiring Enhanced Due Diligence (ECDD) Implement effective ongoing monitoring and transaction review Maintain proper records for regulatory compliance 🌍 The Risk-Based Approach One Size Does Not Fit All KYC depth depends on customer risk level Apply proportionate measures for low, medium, and high-risk profiles Reassess risk whenever new information arises Document rationale for every risk rating decision KYC: It Never Ends The 6-Step Continuous Cycle 👤 Identification – Verify who they are 🔍 CDD – Customer Due Diligence ⚠️ ECDD – Enhanced Due Diligence 🔄 Ongoing CDD – Keep information current 📊 Transaction Monitoring – Watch activity patterns 🧾 Account Review – Regular comprehensive assessment Step 1: Identification Making Sure Customers Are Who They Claim to Be Two Key Timing Requirements: Verify identity before starting the business relationship Verify identity periodically over time Core Principle: Ensure customers are genuinely who they claim to be throughout the entire relationship. ...

AML/CFT Act vs Privacy Act Balancing Competing Legal Obligations Q4 2021 Quarterly Training Lan’s Enterprise Limited Training Program Training Objectives What you’ll learn today Understand the hierarchy of laws and how legislation ranks in authority Recognize how the AML/CFT Act overrides Privacy Act in specific circumstances Identify privacy principles that still apply during AML/CFT compliance Learn best practices for client communication about information requirements Understand privacy breach protocols and internal processes The Legal Hierarchy Laws Function in Order of Authority From highest to lowest authority: ...

AML Training TSB Bank Breach Case Study Lan’s Enterprise Limited Training Program The Significance of This Case “Compliance is not optional - it’s a fundamental obligation.” First civil proceeding under AML/CFT Act $3.5 million civil penalty Precedent-setting case Impact on industry practices Why This Matters Regulatory Impact Sets enforcement precedent Defines compliance expectations Establishes penalty framework Business Implications Reputational damage Financial consequences Operational changes required Case Overview: TSB Bank Key Facts High Court of Wellington ruling Reserve Bank enforcement action Statement of claim: May 2021 Previous warnings ignored Critical Breaches Program Deficiencies ...