Closing date for registration: 19 April 2024 (Note: Asian Banking School will close the registration earlier than the stipulated closing date when the registered participants has reach 30 pax.)
Where
Asian Banking School
LEARNING LEVEL
Advanced
Programme Fee*
MYR 2,000.00
*Subject to 8% Service Tax per pax
Foreign Exchange Policy (FEP) is part of Bank Negara Malaysia’s broad prudential toolkit to preserve monetary and financial stability.
As the FEP becomes increasingly risk-based, it is important for banks to adopt a dual-track approach in ensuring robust FEP compliance culture.
First, banks as the first line of defense in ensuring compliance to FEP shall instil strong FEP awareness among their staff to ensure the policy intent is met and to prevent non-compliance from the outset. This includes comprehensive understanding of FEP to ensure effective compliance whilst implementing industry-wide standards as outlined in the Minimum Due Diligence (MDD) documents.
Second, banks shall undertake swift remedial actions to report non-compliance in a transparent manner and address any weaknesses in a decisive manner. Banks must understand the ramifications of these non-compliances that include administrative or enforcement action.
This programme IS NOT an introductory programme to FEP, it is designed as an advanced level programme that aims to familiarise bankers with common instances of non-compliance. Participants are expected to gain a more holistic view of FEP compliance principles including both preventive and corrective measures.
By the end of the programme, participants will be able to:
Analyse potential factors leading to non-compliance of FEP
Advise appropriate due diligence procedures as practiced by the industry to ensure continuous compliance
Programme Outline
Overview of onshore banks’ FEP compliance culture:
Principles on preventive (awareness) & remedial measures
Roles of onshore banks & MDD
Directions to Financial Institutions: Requirements for submission of report on non-compliances
Common factors leading to non-compliances: Looking at the potential indicators
Analysis of non-compliance cases involving onshore banks, corporates and individuals
METHODOLOGY
Group discussion and presentation of case studies (by participants)
Detailed explanation of the cases by trainer/presenter
Programme Structure
Actual anonymised cases of FEP non-compliances are the principal source of learning. During the programme, participants will elaborate the applicable FEP rules, analyse the given case studies, present/discuss their assessments on those cases with other participants.
Participant profile
Target Audience
Head of Department – Global Markets & Treasury, Regulatory Compliance, Internal Audit, Branch Supervision
Note: Priority for new participants that have never attended this session
Participant Pre-requisite
Participants shall:
Possess good and sound understanding on the overall FEP including the MDD procedures as well as a high degree of familiarisation with BNM’s FEP website https://bnm.my/fep
Have at least 5 years of solid working experience in handling FEP-related banking transaction
Note: This programme is not intended to serve as an introduction to FEP
Trainer
Trainers/Speakers:
Wong Ching Yieng, Senior Analyst
Muhammad Herman bin Rawi, Analyst
Facilitators:
Siti Muzaimah, Analyst
Khairun Syakirin, Associate Analyst
Nik Suhaimi bin Nik Abdul Kadir, Analyst
Law Lee Jia, Analyst
Nik Rufaidah Sira binti Nik Jaafar, Analyst
Lau Chung Meng, Associate Analyst
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Note ON CURRENCY CONVERSION in IPAY88 Payment Gateway
Please take note that this amount will be reflected in Malaysian Ringgit (MYR) in the iPay88 Payment Gateway based on the daily foreign currency exchange rate.
Note for offline payment Method
Kindly download the Payment Form here for our banking details and if making company sponsored payments. You are required to upload this form to complete the registration process.
Kindly download the Payment Form here for our banking details and if making company sponsored payments. You are required to upload this form to complete the registration process.
