Record Keeping

2024 Q3 AML Regulatory Inspection Focus Update Insights for Chinese Money Remitters Lan’s Enterprise Limited Training Program Training Objectives What You’ll Learn Today Ensure alignment between business practice and AML programme documentation Understand Chinese remittance characteristics and address regulatory misunderstandings Implement enhanced record keeping with proper time stamps and file notes Apply a holistic approach to Enhanced Customer Due Diligence (ECDD) Prepare effectively for upcoming regulatory inspections Overview Regulatory Inspection Context Several business partners are currently undergoing regulatory onsite visits. This training provides critical insights from recent inspections to help all BPs prepare effectively. ...

Responsibilities Under Money Laundering Supervision Q2 2024 - Your Role as a Reporting Entity Member Lan’s Enterprise Limited Training Program Training Objectives What you’ll learn today: Understand your responsibilities as a reporting entity member Identify the four key areas of AML/CFT compliance Apply customer due diligence requirements correctly Recognize when enhanced due diligence is required Implement effective internal controls and monitoring Your AML Responsibilities Every Team Member Matters As a reporting entity under the AML Act, every member has responsibility under money laundering supervision. ...

First AML Criminal Case R v QF, FC and JFL [2019] NZHC 3058 Lan’s Enterprise Limited Training Program 2024 Q1 Training Training Objectives What you’ll learn today: Understand New Zealand’s first AML/CFT Act criminal prosecution Recognize corporate and personal liability under derivative responsibility Identify the four representative charges and their legal implications Learn the objective test for suspicious transactions Understand the critical importance of credibility in AML compliance Case Overview R v QF, FC and JFL [2019] NZHC 3058 22 November 2019 ...