As required by CEA, our company has to set up procedures for AML for all salespersons to 
comply with. After the briefing, you must comply with the procedures for AML by submitting certain documents during submission. CEA will be coming to office on 13th of July to make sure that we are in compliance. Please come to attend the briefing to equip yourself with the knowledge.
Our KEO, Albert Lu is holding 2 briefing sessions on prevention of money laundering and countering the financing of terrorism. You are required to attend only either one of them.
The following is the details of the briefings:
Date: 2 June 2015 /8 June 2015 (Attend one session will do as they are the same)
Time: 2-3.30pm
Venue: C&H Training Room
Synopsis:
1. Internal policies of AML/CFT
2. Procedures on AML/CFT for e.g. lodging a suspicious transaction report, customer due diligence etc.
3. Controls on AML/CFT
4. Q & A
Section 29(1) of the CDSA makes it mandatory for a person, in the course of his business or employment, to lodge a Suspicious Transaction Report (STR) if he knows or has reason to suspect that any property may be connected to a criminal activity. This includes the situation where he knows or may have reasonable grounds to suspect that the property, directly or indirectly, represents proceeds of drug dealing or criminal conduct.
Failure to disclose such knowledge, suspicion or other related information constitutes an offence which is punishable by a fine not exceeding $20,000.