14 hours (usually 2 days including breaks)
All Senior Management who need a working knowledge of AML / CTF and their prevention – and an awareness of the other relevant and current Financial Crime issues;
Format of the course
A combination of:
- Facilitated Discussions
- Slide Presentations
- Case Studies
By the end of this course, delegates will be able to:
- Explain how AML and CTF might be prevented
- Understand the major facets of AML and CTF as they apply to their companies and the national and international efforts being made to combat them
- Define the ways in which a company and its staff should protect themselves against the risks of Money Laundering and Terrorist Financing
- Detail how a company might become a target for Money Laundering and Terrorist Financing: and explain which “red flags” might help them to identify, prevent and report any (suspicious or actual) criminal activity
- Understand some of the other “hot spots” in Financial Crime
Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
- Understanding Money Laundering and Terrorist Financing
- What are AML and CTF: and how do they work?
- The Criminalisation of Money Laundering and Terrorist Financing: and the types of crimes caught under the Financial Crime Prevention legislation
- The expansion of Money Laundering from drugs to corruption to terrorism
The International Community’s response to AML and CTF
- The International Community’s response to AML and CTF post-9/11
- Especially the Financial Action Task Force (FATF):
- Its membership categories (this can include a section on particular countries&rsquo membership)
- Its 40 Recommendations for AML and a further 9 Recommendations on CTF
- Its influence over domestic and international legislation
Compliance with Anti-Money Laundering Legislation
- International Legislation and legislation applicable to the country where the course is being delivered
- UK Regulations and Legislation (for comparison): principally The Proceeds of Crime Act 2002 (POCA)
- Internal Controls, Procedures and Policies
- Cooperation with the Authorities and the Regulators
- Know Your Customer (KYC) and Identification and Verification (ID&V) Rules
- Impact on Strategy, Client Relations and Human Resources
Recognising and Reporting Suspicious Transactions
- Statutory Obligations
- Identifying suspicious transactions
- Internal and external reporting of suspicious transactions
Money Laundering Detection Techniques
- Prevention, Detection and Due Diligence
- Early-Warning Mechanisms
- Where are today’s hotspots…?
- What next for AML / CTF…?
Other Financial Crime Hotspots
- Information Security
- Market Abuse and Insider Dealing
Trainer, Richard was very good.
Course:The Compliance and MLRO Refresher Programme
Tabitha was engaging, very knowledgeable, clear and prepared.
She was very personable and presented a fluid delivery of the course material.
The whole day was just great and relaxed which really helped. All the printouts really helped.
It was a one to one session so I was able to ask specific questions relating to my own company needs. The course covered the topic really well and gave me many ideas and actions to take away.