Responsive image

Complying with the EP 200 & RFA Guidelines: Essential Updates on the AML & CFT Requirements

Expert Speaker Magdalene Ang

$449.40 (including GST)



Ethics Pronouncement (EP) 200 provides the anti-money laundering (AML) and countering the financing of terrorism (CFT) requirements and guidelines for professional accountants in Singapore. EP 200 is applicable to all professional accountants in business, public practices and professional firms.

In addition to EP 200, Registered Filing Agents ( RFAs ) are also required to follow guidelines to comply with AML and CFT.  With the updated RFA Guidelines issued by ACRA, it would be highly beneficial for professionals to understand the key differences between EP 200 and the RFA Guidelines. 

This programme is designed specifically to provide Audit Professionals practical guidance on the required EP 200 documentation, taking into consideration the key differences between the RFA Guidelines and the EP 200 requirements as well as ACRA’s APB Bulletin issued on 15 November 2018. Key Findings from the ACRA’s latest EP 200 Inspection Findings will also be discussed.

Programme Outline

  • Overview of the findings from The Financial Action Task Force (FATF) in their review of Singapore's compliance with the anti-money laundering (AML) and countering of terrorism financing (CFT) and implication to Professional Accountants in Singapore 
  • Overview of ACRA’s findings in their review of the Professional Firm's compliance with EP 200 
  • Overview of EP 200 
  • Practical steps to comply with EP 200
  • Sharing of STRO cases from the most recent CAD Report 
  • Documentation requirements on compliance with AML/CFT through case-studies
  • Highlights of the importance & implication of Audit Practice Bulletins issued by ACRA relating to compliance with AML/CFT 
  • Overview of the key changes on the Guidelines for Registered filing Agents
  • Highlights of key differences between RFA guidelines and EP 200 requirements
  • Overview of the Firm's compliance requirement
  • Documenting the Firm's IPPC

This workshop qualifies for 7.0 CPE hours in Ethics and Professionalism (Category 2) .

Expert Speaker

Magdalene Ang

Magdalene is a Chartered Accountant (Practising) (Singapore) and a Fellow Chartered Certified Accountant (FCCA). Her professional experience includes the audit of diverse companies ranging from small and medium enterprises to Singapore listed companies and MNCs. She was involved in Initial Public Offering (IPO) and Reverse Take Over (RTO) roles. She was also a Finance Manager of a US MNC, where she was involved in tax planning, credit control and cash flow management of the Group’s operations in Singapore, Malaysia, China, Indonesia and India. In 2012, Magdalene joined ISCA as a Manager in the Quality Assurance Department, and had launched the Quality Assurance Review Programme, Technical Clinics, and the Online Technical Forum. She contributed monthly articles on audit related topics such as Inventories, Related Parties and many more based on the monthly technical clinics conducted. She was also formerly a Quality Assurance Review Advisor under the ISCA Quality Assurance Review Programme.

Other events you may be interested in...

Prices shown are in SGD and inclusive of 7% GST but do not include handling & shipping (if applicable)
Copyright © 2016 Wolters Kluwer