Foreign Exchange Policy (FEP) is part of Bank Negara Malaysia’s broad prudential toolkit to preserve monetary and financial stability.
DurationForeign Exchange Policy (FEP) is part of Bank Negara Malaysia’s broad prudential toolkit to preserve monetary and financial stability.
As the FEP becomes increasingly risk-based, it is important for banks to adopt a dual-track approach in ensuring robust FEP compliance culture.
First, banks as the first line of defense in ensuring compliance to FEP shall instil strong FEP awareness among their staff to ensure the policy intent is met and to prevent non-compliance from the outset. This includes comprehensive understanding of FEP to ensure effective compliance whilst implementing industry-wide standards as outlined in the Minimum Due Diligence (MDD) documents.
Second, banks shall undertake swift remedial actions to report non-compliance in a transparent manner and address any weaknesses in a decisive manner. Banks must understand the ramifications of these non-compliances that include administrative or enforcement action.
This programme IS NOT an introductory programme to FEP, it is designed as an advanced level programme that aims to familiarise bankers with common instances of non-compliance. Participants are expected to gain a more holistic view of FEP compliance principles including both preventive and corrective measures.
The Asian Banking School (ABS) is dedicated to developing talent and is the largest specialised provider of quality banking training programmes in the ASEAN region.
As the industry’s preferred partner in learning and development, ABS offers relevant training programmes that cover a comprehensive list of banking areas that are designed and developed in-house by our Specialist Training Consultancy Team or in collaboration with strategic learning partners that includes some of the top business schools in the world. It also provides specialised consulting services and tailored learning solutions to meet the specific needs of its clients.
Through its sector-leading Executive Education programmes including the ground-breaking Global Banking Leaders Programme with Cass Business School, City, University of London, as well as the Emerging Banking Leaders and Summer School Programmes with the University of Cambridge Judge Business School, ABS equips banks and its senior executives with the right knowledge to take them up and move them forward.
ABS works closely with the Asian Institute of Chartered Bankers in raising competency standards for the banking industry through the delivery of training workshops related to professional qualifications developed and awarded by the professional body. It is also the exclusive training partner for the Chartered Banker Institute in the UK.
ABS also plays a significant role in enriching the talent pipeline for the financial services sector through the industry recognised Financial Sector Talent Enrichment Programme (FSTEP) and Graduate Training programmes. It is also responsible for designing, developing and delivering the industry-wide Ethics and AML / CFT programmes.
Compliance course is offered by Asian Banking School (ABS). Our open enrolment programmes are generally offered on a six-month interval to allow us to continuously review and update our course materials.
Global Financial Compliance course is offered by Axsel Management International Sdn Bhd. Gain the knowledge, behaviors and confidence to meet the challenges of today’s difficult economy with financial management training programs and accounting courses.
Sometime, employees are being placed in their respective position to carry out tasks for the position but they are lacking of detail knowledge of the Malaysian Import and Export Procedures, Documentation and Compliance that is required for them to perform the tasks.
Certificate in Compliance course is offered by MIM (Malaysian Institute of Management).For over 5 decades, MIM has raised the standards and best practices of leadership and management by nurturing managers and leaders in the public and private sector through professional education.
Objective of the course is to provide participants with a comprehensive understanding of the Malaysia's e-invoicing system, its features, functionalities scope and its implications for businesses and taxpayers.
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