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Compliance

Detecting Suspicious Transactions and Fraud Prevention (102)


Description
This is a mandatory compliance course for all MM staff including promoter after competed the first course, New Staff Training on Compliance. In this course, staff and promoter will learn how to detect suspicious transaction, fraud prevention and how to report to MM.

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 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
  • Requirement
  • Language & Translation
  • During the course
  • Learning Objective & Outcome
  • Course Content
  • What is suspicious transaction?
  • How to identify a suspicious transaction?
  • More red flags example
  • Red flags related remittance services
  • Scenario 1 - Suspicious Transaction
  • Scenario 2 - Suspicious Transaction
  • Tipping off 1
  • Tipping off 2
  • How to report suspicious transaction 1
  • How to report suspicious transaction 2
  • Test (Suspicious Transaction)
  • What is fraud?
  • Common Fraud Activities
  • Get Rich Quick Scheme
  • Online Purchase Scheme
  • TAC Scams
  • Online Dating Scams
  • Charity Scams
  • SMS Pishing
  • Tips to Avoid Common Financial Scams
  • How to report fraud case?
  • Tips! Semak MULE CCID apps
  • Test (Fraud)
  • Reminder for certificate
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever
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