News - Seminar on Brunei and The Global AML/CFT...
Skip Ribbon Commands
Skip to main content
Manage PermissionsManage Permissions

Seminar on Brunei and The Global AML/CFT Program and Compliance with AML/CFT Laws

  SEMINAR ON


BRUNEI AND THE GLOBAL


ANTI-MONEY LAUNDERING / COMBATING THE FINANCING OF


​TERRORISM PROGRAM


3-4TH DECEMBER 2012


and


COMPLIANCE WITH


ANTI-MONEY LAUNDERING / COMBATING THE FINANCING OF 


TERRORISM LAWS


5-6th DECEMBER 2012


 

The Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam regards money laundering and terrorist financing issues as one of its primary concern both at national and international level. The Financial Intelligence Unit (FIU), Autoriti Monetari Brunei Darussalam (AMBD), which acts as Secretariat to the National Anti-Money Laundering and Combating the Financing of Terrorism Committee (NAMLC) held a four-day course on anti-money laundering and combating the financing of terrorism (AML/CFT) at the Ministry of Finance Building from 3 – 6 December 2012.

NAMLC is a national committee comprising of senior officials from various government agencies. Its objectives include developing national AML/CFT policies, facilitating coordination and exchange of information between members as well as with counterpart committees, both regionally and internationally.

The courses were being delivered by two consultants who have extensive experience in the field of AML/CFT – Mr. Neil Jensen, who previously held the positions of Chief Executive Officer of the Australia Transaction Reports and Analysis Centre (AUSTRAC) and Chair of Egmont Group of FIUs, and Ms. Michelle Watson, who worked with the Egmont Group of FIUs and World Bank.

The two courses provided an overview of international AML/CFT standards, specifically the Financial Action Task Force (FATF) Recommendations, Brunei Darussalam’s role in the international AML/CFT program as well as an understanding of obligations under Brunei Darussalam’s AML/CFT legislations, such as the Anti-Terrorism Order (ATO), 2011, enacted on 1 July 2011, and the Criminal Asset Recovery Order (CARO), 2012, enacted on 16 June 2012.

The courses were attended by NAMLC members and representatives from various other government agencies, as well as representatives from financial institutions and designated non-financial businesses and professions (DNFBPs).​​

Attachments