A Complete Guide to Dirty Funds:
Compliance with Anti Money Laundering Regime

Description

The first money laundering convict is a financial executive. Since the passage of R.A. No. 9160 and its quick amendment, the financial regulatory framework has changed dramatically. The course presents the background and substance of the law, works out the complex rules into specific practical applications and balances actual and potential conflicts of interest. Participants are guided on case studies focused on legal and ethical compliance.

Objectives

1. Be knowledgeable of the ins and outs of money laundering laws specifically to spot and respond to dirty funds
2. Be able to relate to real life situations and to predict outcomes from pending cases
3. Understand and review existing company policies and forms for best compliance and avoid liability
4. Enhance overall grasp of national financial and regulatory regime in the context of global changes

Content Overview

Part 1 Introduction to money laundering

• Pilot case: First conviction
• Financial aspect: The flow of dirty money
• Legal aspect: R.A. No. 9160, as amended
• Relevant laws

Part 2 Types of offenses

• Case study A for banks
• B for insurance companies
• C for other institutions
• Integration with Existing Policies

Summary

Approach & Methodology

Conducted by a practitioner and key legal person in this field, the course will be hands-on and require a basic review and understanding of accounting and the financial system. Participants will share their observations and suggestions on the case studies. Novel and recurring issues will be addressed concretely to provide immediate solutions to company concerns. As a bonus track, participants will be given a peek on terrorist financing under the new Human Security Act.

Faculty write-up

Atty. Geronimo L. Sy is State Prosecutor with the Department of Justice (DOJ) and a member of the Anti-Money Laundering Task Force (AMTF). He has given lectures and workshops for government officials in fighting dirty money and now brings this interactive and dynamic course to the private sector.

Atty. Sy is a finishing his Doctorate in Public Administration from the University of the Philippines. His undergraduate study at the Ateneo de Manila is B.S. Management Engineering. He is a professor of law, an MCLE lecturer and writes a weekly column for the Manila Times, Inc.