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Compliance

New Staff Training on Compliance (101)


Description
This is a mandatory compliance course for new MM staff including new promoter. In this course, new staff and promoter will learn how MM online training portal works, compliance guidelines that govern MM operation such as Money Service Business Act (MSBA), Anti-Money Laundering & Counter Terrorist Financing (AMLCTF / AMLA), what is customer due diligence (KYC- know your customer), what is enhance customer due diligence, illegal remittance channel and many more.

Failure to complete this course is considered non-compliance. This is according to Guidelines on Governance and Operational Requirements on Conduct of Money Services Business. When new staff and promoter completed this course, he/she will receive a certificate with one year validity.

This course must be completed within 7 days or earlier. If new staff and promoter fail to complete within the stipulated time, they can be suspended.
Content
  • Welcome
  • Learning Objective & Outcome
  • Requirement
  • Camera Requirement
  • Guide – Access
  • Language
  • How to take the course
  • During the course
  • Taking The Test
  • Test 1
  • Completing the course
  • Certificate
  • Compliance Training
  • Objectives of Compliance Training and Training Outcomes
  • Rules and Regulation
  • What is Money Laundering
  • Top 5 Crimes in Malaysia
  • Process of Money Laundering
  • What is Terrorist Financing
  • What is Proliferation Financing
  • Test (Regulation)
  • What is customer due diligence (CDD)
  • How to perform CDD
  • Type of Acceptable ID
  • Examples of Acceptable ID
  • Rejected Registration
  • Test (Acceptable ID)
  • What is Enhanced Customer Due Diligence (ECDD)
  • Documents Required for ECDD
  • Examples of Supporting Documents
  • Functions of B81, B82 and B83 forms
  • Example of B81, B82 and B83 forms
  • How to sent documents to MM
  • How to print receipt
  • Test (ECDD)
  • Illegal Remittance
  • Action taken by Bank Negara Malaysia
  • Do Not Do Illegal Remittance
  • Test (Illegal Remittance)
  • Reminder on Certificate
  • Thank you
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: 1 year
Prerequisites
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