Anti-Money Laundering (AML) and Combating Terrorist Financing (CTF) ( amlctf | 14 hours )

None.

Audience

All Senior Management who need a working knowledge of AML / CTF and their prevention – and an awareness of the other relevant and current Financial Crime issues;

Format of the course

A combination of:

• Facilitated Discussions
• Slide Presentations
• Case Studies
• Examples

Course Objectives

By the end of this course, delegates will be able to:

• Explain how AML and CTF might be prevented
• Understand the major facets of AML and CTF as they apply to their companies and the national and international efforts being made to combat them
• Define the ways in which a company and its staff should protect themselves against the risks of Money Laundering and Terrorist Financing
• Detail how a company might become a target for Money Laundering and Terrorist Financing: and explain which “red flags” might help them to identify, prevent and report any (suspicious or actual) criminal activity
• Understand some of the other “hot spots” in Financial Crime

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

• Understanding Money Laundering and Terrorist Financing
  • What are AML and CTF: and how do they work?
  • The Criminalisation of Money Laundering and Terrorist Financing: and the types of crimes caught under the Financial Crime Prevention legislation
  • The expansion of Money Laundering from drugs to corruption to terrorism

The International Community’s response to AML and CTF

• The International Community’s response to AML and CTF post-9/11
• Especially the Financial Action Task Force (FATF):
  • Its membership categories (this can include a section on particular countries&rsquo membership)
  • Its 40 Recommendations for AML and a further 9 Recommendations on CTF
  • Its influence over domestic and international legislation

Compliance with Anti-Money Laundering Legislation

• International Legislation and legislation applicable to the country where the course is being delivered
• UK Regulations and Legislation (for comparison): principally The Proceeds of Crime Act 2002 (POCA)

Compliance Strategies

• Internal Controls, Procedures and Policies
• Cooperation with the Authorities and the Regulators
• Know Your Customer (KYC) and Identification and Verification (ID&V) Rules
• Impact on Strategy, Client Relations and Human Resources

Recognising and Reporting Suspicious Transactions

• Statutory Obligations
• Identifying suspicious transactions
• Internal and external reporting of suspicious transactions

Money Laundering Detection Techniques

• Prevention, Detection and Due Diligence
• Early-Warning Mechanisms

The Future

• Where are today’s hotspots…?
• What next for AML / CTF…?

Other Financial Crime Hotspots

• Fraud
• Information Security
• Market Abuse and Insider Dealing
• Sanctions