Anti-Money Laundering Masterclass

About the programme

This masterclass will help participants develop the essential skills necessary to support their organizations in preventing, detecting and reporting money laundering activities, and countering terrorist finance.

Who should attend

• Anti-Money Laundering (AML) and Compliance Professionals
• Senior Management and Professionals in Financial Services
• Treasury Managers
• Credit Managers
• Auditors
• Lawyers
• Regulator or Advisor of Product / Services
• Consultants

Key Benefits

This course focuses on the regulatory environment, know your customer (KYC), customer due diligence (CDD), sanction monitoring and the role of the money laundering reporting officer. Participants will also learn about the challenges involved in anti-money laundering in emerging industry sectors

Agenda

10:00 AM - 11:15 AM

Topic 1: Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)

• The necessity of AML and countering terrorist financing CTF
• Definitions of money laundering & the financing of terrorism
• Differences & similarities between money laundering and terrorist financing
• Key stages of money laundering
• Typologies & techniques of money laundering
• Indicators of money laundering
• Products & services vulnerable to money laundering or terrorism financing
• Money laundering trends in jurisdiction

11:30 AM - 01:00 PM

Topic 2: Compliance Strategies

• Jurisdictions of AML and CTF
• The requirements for robust AML operations, internal controls, procedures and policies
• Cooperation with the authorities and the regulators
• KYC and ID&V rules
• Market abuse and insider dealing
• Client relations and human resources strategies
• Relevant laws & regulations in your jurisdiction, the international standards and the role of law enforcement

01:45 PM - 03:00 PM

Topic 3: Recognizing and Reporting Suspicious Transactions

• Statutory obligations
• Identifying suspicious transactions
• Internal & external reporting of suspicious transactions
• Identifying high-risk indicators
• The role of a money laundering reporting officer
• The importance of record keeping
• Responsibilities of firms, banks and individuals
• Setting up monitoring procedures

03:01 PM - 04:00 PM

Topic 4: Money Laundering Detection Techniques

• Prevention, detection and due diligence of money laundering activities
• Early-warning mechanisms
• Designing money laundering and terrorist financing risk assessments
• Applying KYC & CCD
• Risk management of politically exposed persons (PEPs)
• Best practices applicable to firms & banks 

Click here to read more in details