Certification in AML Assignment, ICTA, Malaysia You are a member of the anti-money laundering (AML) team of a regulated financial services firm operating in Malaysia
| University | International Compliance Training Academy (ICTA) |
| Subject | Certification in AML |
You are a member of the anti-money laundering (AML) team of a regulated financial services firm operating in Malaysia. Part of your role involves signing off, at the client onboarding stage, high-risk and complex business relationships that the firm is considering. You have been advised that your firm is becoming more cautious about its risk appetite and wishes to de-risk some of its business activities.
A file on a potential new client has been referred to you for evaluation.
The potential client is Global Metals Trading Sdn. Bhd. (GMT). The client account-opening file contains the following summary:
- GMT’s business activity is as a dealer in precious metals
- the company’s head office is in Kuala Lumpur, Malaysia
- there are two directors, C.K. Lee, and John Ma, both Malaysian nationals; C.K. Lee is a former politician in one of the states of Malaysia
- the company is registered via a company service provider in Labuan
- the ultimate beneficial ownership of the company is difficult to determine owing to a complex corporate ownership structure which makes beneficial ownership difficult to trace
- GMT has been in business for three years and has doubled its turnover annually
- GMT is seeking an investment of RM50 million.
Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.
Get Help By Expert
At AssignmentHelper.My, we provide the best assignment writing help Malaysia. Our expert team of writers are experienced in providing quality assistance to students all over the country. We understand that financial management report is a difficult subject to master and that's why our team makes sure to provide quality work which meets all the requirements of your course. We also provide online exam help services so that you can pass your test with flying colors.
Recent Solved Questions
- SOPA1035: How did this initiative benefit children in the Early Years? Embed child developmental theory into your answer: Social Policy & Pedagogy Assignment, UOG, Malaysia
- Environmental Science Assignment, UON, Malaysia Each group are required to elaborate on how the greening and sustainability of the Malaysian waste sector can be strategically enhanced
- Family & Community in Early Childhood Essay, OUM, Malaysia Ms. Kate is the principal of Unitarian Preschool with 14 years of experience. She is invited to attend a parent-teacher
- CCP4114: Library management program: Program Design, Assignment, UiTM, Malaysia
- Hospital Engineering Report, UPM, Malaysia A group of students will be part of a project in building a Medical Centre of max 50 beds hospital in Malaysia
- BBMC4103: Change Management Assignment, OUM, Malaysia Few firms can thrive in the face of constant change Although change is difficult to accept, it is your responsibility
- BMIT5103: Information Technology for Managers Assignment, OUM, Malaysia Information technology has revolutionized the banking industry, enabling online banking, mobile payments
- MPU3193: Explain with examples how metaphysical concepts influence our beliefs about the relationship between man and God in religion: Philosophy and Current Issues Assignment 2, WOU, Malaysia
- FIT1047: Introduction to Computer Systems, Networks and Security Assignment, MUM, Malaysia Briefly describe the columns displayed by the tool you use that relate to a) memory usage and b) CPU usage
- Food and Beverages at Southwestern University Football Games: Decision Making in Business Case Study UNM, Malaysia
