ACCA Financial Services Network - The Basics of Money Laundering and Trade Based Laundering

ACCA Financial Services Network - The Basics of Money Laundering and Trade Based Laundering

This talk will explain what money laundering actually is, taking a practical look at the distinct stages of money laundering and examining why certain conceptions of money laundering may be misleading. This misconception poses a risk to certain organisations that may be carrying out money laundering activities without classifying it as such. The offence of money laundering is being committed in Singapore every day, usually unwittingly, by many people. A well known method to move and launder money in large amounts is to use internal and cross-border trade transactions. The use of 'under-invoiced' and 'over-invoiced' trade transactions to facilitate the movement of criminal money will therefore be examined from a practical perspective.

For more information on topic coverage, please download the event brochure 

Maxwell Chambers

32 Maxwell Road
Singapore

Crawford Room, Level 3

Nearest MRT: Tanjong Pagar

ACCA Members                    S$20nett
ACCA Affiliates/Students       S$25nett
Non-Members                       S$35nett

* ACCA Approved Employers enjoy a 10% group discount off Non-Members rate (Minimum 3 staff members)