Course description
Focus on Anti-Money Laundering & Financial Crime
- Identify the way money laundering is all around us and treat customers / transactions / jurisdictions and products with ‘professional scepticism’ .
- Understand the global regulations and their recent changes, in respect to UBO/PEPs and CDD .
- Isolate the risks inherent in the different types of financial crime, both internal and external
- Apply the ‘smell test’ in your daily work and lose any reluctance to report potential infractions
Upcoming start dates
1 start date available
Training Course Content
Module 1: The Scale of the Problem, Terminology and Methodology
- A $2tn industry
- Understanding the terminology from both sides
- Placement, layering & integration
- Predicate crimes and their audit trails
- Tax evasion/avoidance & the problem with cash
- The role of financial institutions & obliged entities
- Terrorist financing & people trafficking
- Recent typologies
Module 2: The Regulatory Environment
- FATF/Egmont/Wolfsberg and other international bodies
- EU regulators and their scope of influence
- FinCen & other US regulatory players
- OFAC & sanctions bodies
- Asia Pacific Regulators
- BIS/Transparency International and other trade bodies
- 4MLD & its influence
Module 3: Types of Customer & High-Risk Jurisdictions
- PEPs & PEP Associates
- Trusts/Foundations/Offshore Companies/Charities/LLPs
- High risk jurisdictions – what do we mean by offshore?
- What do the Panama & Paradise Papers tells us?
- Sectors/countries that are particularly vulnerable to ML
- Customer & entity ‘red flags’
Module 4: Due Diligence
- Identification & verification – problems with documents
- KYC – the importance of ‘professional scepticism’
- Enhanced Due Diligence – when and how
- Beneficial ownership – new regulations
- Understanding ‘control’
- Problems with policies & procedures
- The dangers of ‘box ticking’ in DD
- Remediation
- The ‘smell test’ and the importance of SARs
Module 5: Sanctions & the Future
- What are sanctions?
- Types of sanction programme
- SDNs & Blocked Persons
- Restricted goods regulations
- Penalties for sanction breaches
- NPPS
- Cryptocurrencies
- Assessing weaknesses in global AML programmes
Module 6: The Covid Crisis, its Impact & Potential Consequences
The pandemic, far from deterring the criminals & launderers has led to new predicate crimes and new avenues to wash their ill gotten gains. In addition, we have seen some older laundering techniques come back into vogue. This module examines:
- The impact of the pandemic on:
- the criminals trying to launder money
- those trying to prevent laundering and the regulatory response
- The regulatory response
- The technological advances
- how they are changing the way AML is being practiced within businesses and the future for financial crime compliance generally.
Course delivery details
How you’ll learn
- A module is released each week for six weeks
- The learning is in bitesize chunks so it does not impact on your normal working day
- You'll learn via video content, quizzes and other materials
- You'll be able to interact with the trainer and other students on the discussion forum
- After the six weeks is over, you have two months to review the material
Why choose Informa Connect
We train 10,000+ people every year
We've been delivering learning for 40+ years
Join a community of over 10,000,000+ professionals
Expenses
Standard Fee: £599
Request info
Informa Connect
Informa Connect
240 Blackfriars Road
SE1 8BF Waterloo
Lloyd’s Maritime Academy (LMA) is the world’s largest provider for professional development, working with leading academic and industry bodies to provide accredited education and training where it is much needed. Lloyd's Maritime Academy is part of Informa Connect Academy, focusing exclusively...
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