Anti-Money Laundering (AML) and Combating Terrorist Financing (CTF) Training Course
Course
In City Of London
Description
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Type
Course
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Location
City of london
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
Facilities
Location
Start date
Start date
Reviews
Subjects
- Compliance
- Staff
- Transactions
- Market
- Anti-money Laundering
- International
- Financial
- Financial Training
- Financial Crime
- Regulations
Course programme
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 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
- 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)
- 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
- Statutory Obligations
- Identifying suspicious transactions
- Internal and external reporting of suspicious transactions
- Prevention, Detection and Due Diligence
- Early-Warning Mechanisms
- Where are today’s hotspots…?
- What next for AML / CTF…?
- Fraud
- Information Security
- Market Abuse and Insider Dealing
- Sanctions
Anti-Money Laundering (AML) and Combating Terrorist Financing (CTF) Training Course