Financial institutions around the world are required by their regulatory authorities to provide all employees with an annual anti-money laundering training. Regular AML/CFT Risk Awareness training enhances employees’ vigilance against the latest ML/TF risks faced by the business and their role in mitigating this risk.
The ostensible purpose AML/CFT rules is to enable banks to prevent bad actors using the financial system to launder their funds and, where bad actors are not identified at entry, to detect any suspicious financial activity and provide appropriate background to competent authorities.
Today the Anti-Money Laundering and Financial Crime industry is facing unprecedented challenges. Never has it been more important for professionals working in this field to be up-to-date with emerging trends, regulatory developments and evolving technologies.
The Annual AML/CFT Risk program will be designed by our subject matter experts in close consultation with your organisation. Together we decide on the topics relevant for the financial institution and the markets that it operates. The Agenda we have provided below is indicative and subject to review, if necessary. It is designed as an all-staff course or targeted to a specific group or department within your firm.
- Money Laundering & Terrorism Finance
- Definitions of ML & TF
- Predicate offences
- The three phases of money laundering: Placement, Layering & Integration
- The Money laundering Challenge: Can you launder dirty money? (interactive case study)
- AML/CFT Laws & Regulations
- AML/CFT Legislations
- Key requirements of AML/CFT law
- CDD/KYC policies financial institutions
- ML/TF Red flags
- Understanding & Responding to Suspicious Transactions
- Legislative pronouncement (global and locally)
- Duties and obligations of stakeholders and professionals in AML/CFT regime.
- AML/CFT Implementation Beyond Regulatory Compliance: A Risk Management Strategy
- Compliance monitoring – basic requirements and how to monitor compliance
- The risk exposure of AML/CFT to individuals, entities, the nation and the globe
- Mitigations strategies to the risk exposure
- Identifying the challenges to effective AML/CFT implementation.
- AML/CFT and Financial Institutions
WHO CAN ATTEND:
- All staff in the organisation
- Define money laundering and terrorist financing
- Recognise their legal obligation to prevent money laundering and terrorist financing
- Explain your company’s policies & procedures for the prevention of money laundering & terrorist financing
- Conduct proportionate risk-based Customer Due Diligence
- Spot common red flags and taking appropriate action
- Know when & how to seek advice or report suspicions of money laundering or terrorist financing
- Fulfil obligation not to tip-off anyone suspected of money laundering or terrorist financing
A highly interactive format, where all delegates will be encouraged to engage and participate, share and gain from each other’s knowledge and experience. The lectures will rely on a bullet-based slide presentation enriched by group discussions around case studies, videos and checklists wherever applicable.
Through a multiple-instructional setting, the goal is to achieve the learning objectives by means of virtual technologies that match personal learning styles and by the inclusion of non-linear learning that aims at the development of just-in-time skills of adult learners.
At the same time and in order to allow participants maximum flexibility of scheduling, the learning will be conducted in an allochronic manner. Using a state-of-the-art training architecture, RMA will combine self-learning with assessments and online discussions.
The pedagogics – adapted explicitly to professionals in full-time work – will help train participants through several experiences: absorb (read); do (activity); intermingle (socialize); mirror (relate to one’s own reality).
DURATION: 1 day [ 5 Hours]
VENUE: Virtual or Onsite
DATE[TBC]: Send enquiry to: firstname.lastname@example.org or call: 08021003297;07034248767;09071941111