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THE COURSE
▪ Major financial centres attract investments from across the globe. Yet they are also attractive to criminals constantly seeking to hide criminal proceeds among the huge volumes of legitimate transactions. Both regulators and gatekeepers, the so-called obliged reporting entities, play a crucial role in safeguarding the integrity of financial markets, ensuring that financial services firms have effective and robust financial crime compliance and anti-money laundering (AML) systems and controls in place to manage and minimise financial crime risks.
▪ This specialist course brings delegates up to speed with the evolving framework within which regulators, governments, law enforcement and industry work together to combat financial crime, but at the same time emphasises on the need for GRC professionals to discharge their statutory duties within the limits of proportionality so that financial institutions and consumers are not disadvantaged by unintended consequences of extreme anti-financial crime measures.

WHO SHOULD ATTEND (Target Market)?

Delegates responsible for the prevention and control of financial crime, AML; Anti-Fraud; Anti-Corruption investigators, compliance officers, or professionals seeking to enhance their financial crime compliance skills. More specifically:
▪ Governance, Risk, Compliance and Legal professionals responsible for the prevention and control of financial crime, AML; Anti-Fraud, Anti-Bribery and Anti-Corruption, investigators, and other professionals serving under control functions in financial and non-financial institutions in the Eurasian, Middle Eastern, West African, and EU markets.

LEARNING OBJECTIVES

  • To bring delegates up to speed with the best practices in their sector
  • To set out “What” preventive measures should be taken when dealing with different categories of clients
  • To understand “How” to deliver effective customer risk profiling

AWARD

Certificate of attendance

AML Topic Breakdown
1. Anti-Money Laundering Loadicator
2. AML Tools Level I
3. AML Tools Level II
4. Financial Crime Compliance Re-tooling
5. Systems & Controls Against Risks

Slot 1
Day 1
Welcome and introduction
Anti-Money Laundering Loadicator
What is “Not” Money Laundering
What “Is” Money Laundering
ML Offence 1: Concealment, etc.
ML Offence 2: Arrangements
ML Offence 3: Acquisition, use and possession
Suspicious Activity Reporting – SAR
SAR Narrative Review: Internal Reporting
SAR Lodging: External Reporting

Bibliography
• Harrison, K and Ryde, N, The Law Relating to Financial Crime in the United Kingdom, 2013 – Ashgate
• Ioannides, E, Fundamental Principles of EU Law Against Money Laundering, 2016 – Routledge
• Ryder, N, Money Laundering, An Endless Cycle? 2012 – Routledge
• Proceeds of Crime Act 2002, Part 7 – Money Laundering Offences
• Code of Practice issued under s.377A of the POCA 2002
• The Serious Crime Act 2015 and its impact on POCA 2002
• Verhage, A, The Anti-Money Laundering Complex and the Compliance Industry, 2011 – Routledge

Slot 2
Day 2
AML Tools I
AML Tool 1: KYA (Know Your Assets and Their Criticality)
AML Tool 2: KYB (Know Your Business)
AML Tool 3: KYCs (Know Your Customers)
AML Tools II
AML Tool 4: CDD (Customer Due Diligence)
AML Tool 5: EDD (Enhanced Due Diligence)
AML Tool 6: SDD (Simplified Due Diligence

Bibliography
• Beare, ME, Responding to Transnational Organized Crimes, 2011 – Routledge
• FATF, International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation, The FATF Recommendations, February 2012
• FATF, Money laundering and terrorist financing risks, 06 October 2016
• FATF, Counter-Terrorist Financing Summit 2016: Regional Risk Assessment on Terrorism Financing, 17 August 2016
• Jakobi, A, The FATF as the central promoter of the anti-money laundering regime, 2012 – Routledge
• Verhage, A, Global governance = global compliance? The Routledge Handbook of White-Collar and Corporate Crime in Europe, 2015 – Routledge

Slot 3
Day 3
Financial Crime Compliance Re-tooling
Risk Assessments: Why? – Types – Sources
FATF, Basel AML Index and ESMA “Reloaded”
RBA: Risk-based Approach
Systems & Controls Against Risks
Making sense of organisational AML strategy in the SYSC context
Trade-based money laundering – Misinvoicing
Third-party risk management
Financial Sanctions: EU, International, and US
Proliferation financing

Bibliography
• Byrnes, WH and Munro, RJ, Money Laundering, Asset Recovery, and Compliance – A Global Guide, LexisNexis – 2017
• DIRECTIVE (EU) 2015/849 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC
• FATF, FATF Report to the G20 on Beneficial Ownership
• FCA, Wealth management firms and private banks, Suitability of investment portfolios – December 2015
• International Centre for Asset Recovery, Basel AML Index 2016, Basel Institute on Governance – 27 July 2016