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.

Answer

Recent Solved Questions

Online Exam & Assignment Writing Services

70841+ Orders Delivered

4.9/5
5 Star Rating

Confidential & Secure Assignment Help For

Group Assignment Help

Online Exam -Test & Quiz

Cheapest Price Quote

Diploma & Certificate Levels

Semester & FYP Papers

Summative & Individual

GBA & Reflective

Last Minute Assistance

Sample Assignment Download

UDM727 Urban Transportation UITM Assignment Sample Malaysia
UDM727 Urban Transportation is a comprehensive course that emphasizes the importance of a well-balanced urban transport system within an urban environment. The UDM727 course covers various aspects such as transportation…
Engineering
MQA/FA0179 Bachelor of Political Science with Honours OUM Assignment Answers Malaysia
The MQA/FA0179 Bachelor of Political Science with Honours is a program offered by the Open University Malaysia (OUM) that provides students with an in-depth understanding of political theories, systems, and…
Politics

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now