AML and CFT Workshop: Advanced Level
Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Workshop: Advanced Level
2-Day Live-Online, Practical, Motivating and Interactive Workshop
CPD Certificate issued for each participant
This workshop will provide participants with practical skills, given the demanding regulatory framework and economic sanctions, in regulated financial entities so as to minimise the risk of personal and corporate liability and penalties imposed by Regulators. Over the course of this workshop, participants will acquire skills in how to apply techniques to ensure the accuracy, completeness and integrity of data in identifying and reporting effectively any suspicious activities and transactions of both potential and existing clients of their organisations.
The attendees will be encouraged to participate in interactive activities, group discussions, case studies and will have the opportunity to engage with the trainer and other participants to share and discuss practical insights and experiences.
Training materials will be designed so that they can be used as future reference.
Senior Executives, Compliance and AML Officers, Risk managers of Regulated Financial Entities, Internal and External Auditors, Accountants, and Legal Professionals.
Objectives
Upon completion of the workshop, participants will acquire skills enabling them to:
- Explore the intricacies of money laundering techniques and emerging trends in financial crime.
- Apply appropriate practical strategies to stay ahead of evolving money laundering tactics and regulatory requirements
- Conduct comprehensive risk assessments in AML
- Apply best practices in AML compliance and investigations.
- Apply advanced techniques in conducting Enhanced Due Diligence (EDD) on high-risk customers, Politically Exposed Persons (PEPs), and complex corporate structures.
Day 1
AML & Sanctions Practical Updates: Practical application of AML Regulations and Sanctions Compliance; Applying regulatory changes in Sanctions Programs and Policies; Advanced Risk Assessment Methodologies; Tailoring AML Programs to Specific Risk Profiles; Conducting Enhanced Due Diligence (EDD) on High-Risk Entities; Beneficial Ownership Identification and Verification Strategies;
Practicing through real-world case studies.
Critical Considerations in AML: Initial and Continuous Monitoring during and after the clients on boarding process; Clients Risk Evaluation; Practices for clients Identification and Authentication; Monitoring of Economic Profile and Transactions;
Group Discussions on real life findings identified during on-site inspections by Regulators.
Critical Considerations Regarding Economic Sanctions: Red flags indicating potential sanctions evasion activities; Common methods used to evade sanctions, such as trade-based money laundering, shell companies, and front companies; Reputational risks associated with sanctions, violations and their impact on business operations and relationships; Implementing effective compliance controls and procedures to mitigate sanctions-related risks; Enhancing due diligence processes to identify and screen high-risk customers and transactions;
Practicing through case studies illustrating effective sanctions compliance measures and lessons learned from sanctions-related incidents.
Day 2
Practical Workshop 1: Real life case studies for practicing on Client Acceptance Evaluation; Monitoring of Client Profiles; preparation of Suspicious Transaction Reports (STR/SARS);
Practical Workshop 2: Attendees will directly be engaged with tools already learned, on real life case studies for how AML principles and techniques are to be applied in practice such as the use of off-shore companies and the illicit financial flows across multiple jurisdictions.
Marios Timinis - Experienced Chief Financial Officer with a demonstrated history of working in various industries including the financial services industry.
Participants of this two-day workshop will receive 15 CPD (Continuous Professional Development) credit hours.
Our training course meets the requirements of international professional bodies (ACCA, IIA) for the continuing education of their members.
