AML Compliance
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Protection Against the Risks of Money Laundering and Terrorist Financing
This Anti-Money Laundering (AML) Compliance thee (3) days interactive workshop is designed to develop the essential skills necessary to enable participants to understand how to support your bank in Anti-Money Laundering and countering terrorist finance and how to prevent, detect, and report money laundering activities. This workshop covers regulatory environment and focus on the importance of Know your Customer (KYC), the importance of Customer Due Diligence (CDD), sanctions monitoring and the role of the Money Laundering Reporting Officer in practical terms. You will learn about studying the AML risks involved in emerging industry sectors.
Workshop Outcomes
- The process of Money Laundering
- Regulations applicable to firms / banks
- FATF roles in Anti-Money Laundering
- The penalties for non-compliance with AML legislation
- How Anti-Money Laundering and Countering Terrorist Financing (CTF) might be prevented?
- How to define the ways in which a Firm / Bank and its staff should protect themselves
- against the risks of Money Laundering and Terrorist Financing?
- Due diligence measures to deter money laundering and terrorist financing
- The “red flags” might help you to identify, prevent and report any (suspicious or actual) criminal activity
- The implications of offshore financial center on ML
Workshop Duration
1 Day Workshop
Workshop Overview
- Why the Current Focus on Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)?
- Key Stages of Money Laundering
- Indicators of Money Laundering
- Typologies & Techniques of Money Laundering
- FATF and Its Roles of Anti-Money Laundering (AML)
- Market Abuse and Insider Dealing
- Identifying Suspicious Transactions
- Internal and External Reporting of Suspicious Transactions
- Identifying High-risk Indicators – Understand what to do with the information and whom to escalate it to
- The Role of the MLRO
- The Importance of Record Keeping
- Responsibilities of Firms / Banks and Individuals
- Setting-up Monitoring Procedures
- Comprehensive course notes
- Morning tea, lunch and afternoon tea
Services
DO YOU NEED SUPPORT !
Phone:
Address:
1st floor, 35-B, Block A, HBFC Faisal Town, Lahore, Pakistan
