Designated Tax Crimes: Impact on Anti-Money Laundering Measures

hide mobile image
default image
06 December 2019, Friday

02.00 - 05.30PM
60 Cecil Street, ISCA House, Singapore 049709

Details/ Promotion:
Please click here for more details and here for the registration form.
Accredited tax professionals enjoy members' rate!
Please refer to organiser’s webpage here.
Share the Event:

Programme Synopsis

With effect from 1 July 2013, the Monetary Authority of Singapore (“MAS”) has designated tax crimes as money laundering predicate offences.  Financial Institutions (“FIs”) have applied the full suite of the Anti-Money Laundering (“AML”) / Countering the Financing of Terrorism measures to prevent the laundering of proceeds from serious tax crimes.

This course aims to provide participants with a better understanding of tax crimes and the intricacies of applying the AML measures to identify proceeds from tax crimes in financial markets and institutions.

Programme Outline

  • What is a tax crime?
  • Where do Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS)/Automatic Exchange of Information (AEOI) fit in?
  • Impact on and changes to AML measures with case studies
  • What does the future look like?

About the Presenter(s)/ Trainer(s)

event image

Mr Lum Kah Wai

Accredited Tax Advisor (Income Tax & GST)
Chartered Accountant of Singapore

Kah Wai has more than 20 years of tax experiences gained in Big Four firms and commercial sector, most recently as the Head of Tax for Asia Pacific region in a well-known global international bank.  He has experience over a wide span of taxation areas including corporation and direct tax, indirect tax such as GST and VAT, transfer pricing, operational tax and transaction tax.
During his time in the commercial and banking sectors, he used his extensive tax knowledge and experience, combined with business acumen to provide practical and workable solutions to the management and business lines in order to advance the commercial interest of the organisations.  During his stint in the banking industry, he participated actively in the Tax Committee of The Association of Banks in Singapore to resolve common tax issues and uncertainty in the industry and assisted in lobbying efforts of the Committee.


Upcoming Events
Tax Articles
Tax News
Taxlogues (members-only access)
The Region's Tax

Please click here for speaking opportunities at SIATP's(now referred to as SCTP) events.


Benefits and Privileges of Accreditation
Accreditation Criteria
Membership Fees
Apply Now

Please click here for possible publication of your article.

Privacy & Data Protection Policy | Terms of Use | Copyright © 2020 Singapore Chartered Tax Professionals Limited

This site is best viewed in Google Chrome and Mozilla Firefox. Please use the print-friendly icon on the left for optimum prints.

facebook icon
linkin icon
email icon
print icon