Foundation in Regulatory Framework & Compliance

Short Course

HRD Training Prog No 10001378259
Date & Time 16 – 17 April 2025, 9.00 a.m. to 5.00 p.m.
Registration Deadline 10 April 2025
Learning Format Instructor led, in-person

Overview

The topics in this course explains the fundamentals in governance, risk management, the compliance and regulatory framework for insurance business, the financial crime and internal control management, as well as the importance of the Regulatory Compliance in the existence and growth of businesses.
At the end of the programme, participants should be able to:

  • Describe governance, risk management, control and compliance (GRCC), and overarching frameworks for Insurance Businesses in Malaysia.
  • Explain financial crimes and provide an overview of key rules, laws and regulations, to manage financial crimes in insurance businesses.
  • Describe ethics governing the business conduct of insurers, intermediaries and employees, and compliance management.

Who Should Attend

New entrants in the industry

  • New entrants to the Insurance Service Provider – Brokers, Adjusters and Third-Party Administrators
  • Non-insurance personnel
  • Any persons requiring basic knowledge of insurance regulatory framework and compliance

Foundation in Regulatory Framework & Compliance

For Inquiries

Sales

+603 2712 8882

Programme Structure

Day 1
  • Overview of Insurance Business in Malaysia
  • Conducting Insurance Business in Malaysia
  • Licensing and regulating Insurance Businesses – FSA/IFSA 2013
  • Principles, codes, and rules on GRCC for Malaysian Insurance Businesses
  • Insurance & Shariah Frameworks on GRCC
  • Compliance and Regulatory Frameworks for Insurance Businesses
Day 2
  • Financial crimes in Insurance Businesses and Internal Control Management
  • Overview of AML/CFT Law
  • Overview of Anti-Bribery and Corruption Laws and Regulations
  • Overview of Personal Data Protection Act
  • Overview of Foreign Account Tax Compliance Act (FATCA)
  • Ethics governing conduct of Insurers and Intermediaries
  • Conduct of Employees – Ethics, Assessment, and Training

Dates

16/04/2025

Two-Day Short Course

17/04/2025

Fees

Aii Member Early Bird

Register before 10 April 2025

Single: RM 980 | USD 230

 

Non-Member Early Bird

Register before 10 April 2025

Single: RM 1080 | USD 250

Aii Member Normal Fee

Single: RM 1080 | USD 250

Group of 3: RM 930 | USD 218

Non-Member Normal Fee

Single: RM 1,180 | USD 272

Group of 3: RM 1030 | US D240

* Fees inclusive of 8% SST (Malaysia Sales and Service Tax)

Additional Information

About the trainer:

WONG ENG YEW [JOSEPH)
LLB, MBA

Mr Wong Eng Yew graduated from Universiti Malaysa (UM) with a Bachelor of Business Administration and has more than 30 years of experience in insurance. His experiences include Risk Management, Liability and Compliance.Mr Wong is also an examiner and part-time lecturer at The Malaysian Insurance Institute (MII) for Certificate and Associate subjects since 2008. He lectures on subjects related to Insurance Law, Risk Management, Liability, Claims Practice, and Claims Management.