Anti-Money Laundering Obligations NEW
What you must know as professionals…
With the evolution of fraud techniques and the growing pressure from the authorities to comply with Anti-Money Laundering regulations, organizations must continually invest significant resources. The risk for the organization’s reputation as well as the fines for non-compliance make it essential to establish a framework for effective and efficient management of the anti-money laundering obligations.
This course will present an overview of the Anti-Money laundering regulation, the stakeholders, the environment concerned, the different tools and techniques to prevent and to prevent money laundering. The course also presents the practical impacts of the obligations on an organization and how to resourcefully deal with it in an effective and efficient way.
Understand the financial context of money laundering
Understanding how the regulation applies to the organization
Understand how to use the different techniques to prevent and avoid money laundering
Give an overview of the AML regulations changes
Understand the role and the responsibilities of the stakeholders
2. Definitions and basic concepts
3. Evolution of the legal framework
4. Money laundering and crimes
5. Anti-money laundering
a. Rules & regulations
b. Professionals concerned
c. Professional obligations
d. Product typology
e. Identity management and identity trust
f. Document retention policies
g. 1st and 2nd line surveillance
6. Tools, techniques and methods
7. Case study
• Financial Managers, auditors, consultants, Managers, lawyers who need information on the AML obligations
• Employees of financial institutions and insurance companies seeking guidance on the AML obligations
Theory and concepts illustrated by a trainer with sound expertise and experience in AML.
Group discussions with the purpose to match the relevant AML issues to real life experience.