AML and CFT Workshop: All Staff
Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) Workshop for All Staff
1-Day Live-Online, Practical, Motivating and Interactive Workshop
CPD Certificate issued for each participant
With the aim of providing tangible practical skills in identifying and reporting suspicious behaviour, this course offers both a refresher on the history (up to the present) of issues arising with Cryptocurrencies and Economic Sanctions, the size of the problem and the stages of Money Laundering and Terrorist Financing, as well as taking participants a few steps further to gain a greater awareness of money laundering within their role, and the steps they are required to take in order to apply what is necessary within their organisation thus protecting their country, their organisation and themselves.
This 1-day course is for all staff at any level and any department, for whom it is compulsory to undertake AML/CFT training in order to comply with Regulatory Authorities, and therefore demonstrate the prevention of the use of the financial system from money laundering or terrorist financing.
Motivation is kept at its peak with: case studies; illustrations; quizzes; real-life situations and scenarios to which participants are encouraged to attempt and solve; ongoing quizzes.
All employees across various levels and departments of regulated financial entities, regardless of the sector or size of their organizations, who seek to undertake compulsory AML training to comply with AML Regulations.
Objectives
Upon completion of the workshop, participants will be able to gain a practical understanding of:
- The basic concepts of money laundering and terrorist financing
- The extent to which authorities within and outside the EU combat Money Laundering (ML) and Terrorist Financing (TF)
- Practical skills in identifying suspicious activities and behaviour and how to report these,
- How to apply the Know Your Customer (KYC) procedures
- Compliance with economic sanctions lists and policies
The workshop is divided into four sessions of 75 minutes each:
Session 1 – Money Laundering: What is Money Laundering and who are the money launderers; the birth of the problem and its size; the money laundering process and its different stages; and a description of a variety of the techniques used by money launderers in a modern world.
Quizzes based on real-life scenarios.
Session 2 –Terrorist Financing: What is Terrorist Financing; what do people engaged in Terrorist Financing look like; what is the history of Terrorist Financing; how it links to money laundering; and what are the techniques used by terrorists.
Quizzes based on real-life scenarios.
Session 3 – Combating Money Laundering and Terrorism Financing: From an international context to your local environment, taking into consideration modern current threats.
Quizzes based on real-life scenarios.
Session 4 – Taking action at home: How to protect yourself, your organisation and your country by applying the regulatory requirements – practical issues and tools.
Practicing through mini case-studies.
Marios Timinis - Experienced Chief Financial Officer with a demonstrated history of working in various industries including the financial services industry.
CPD (Continuing Professional Development) – our training course meets the requirements of international professional bodies (ACCA, IIA) for the continuing education of their members.
