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Anti-Money Laundering Legislation & Implementation

Details

Duration

1 Day

Location

Online / In-person

Program Level

Intermediate

CPE Credit

4 CPEs

Certificate of Completion

Anti-Money Laundering Legislation & Implementation

Please note that course dates are subject to change or cancellation. For registration and the latest information, kindly contact us directly.

Course Description

This course provides an overview of global money-laundering regulations, their impact, and the appropriate controls organizations can implement to mitigate the associated risks as well as an overview of local operational regulations to tackle money-laundering.

Who Should Attend

Employees of different capital market institutions, regulators, stock exchanges and depository centers, as well as brokers and other entities related to capital markets.

Learning Outcomes

Participants will understand the global developments in anti-money laundering and the key obligations imposed by the local AML legislation on financial institutions including their designated Money Laundering Reporting Officers. Participants will understand the legislation’s requirements in relation to the risk-based approach, customer due diligence, reporting suspicious transactions, record-keeping, training, and corporate governance.

NASBA Sponsor

 
Governance Dynamics is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Additional Information

Registration and Attendance Requirements: Click the “Buy Now” button in the training calendar to register for the Anti-Money Laundering Legislation and Implementation Workshop. In order to be awarded the full credits, you must respond to at least three polling or live questions every 50 minutes.
  • Instructional Delivery Method: Group Internet Based
  • Field of Study: Finance
  • Program Level: Intermediate
  • Prerequisites: None
  • Advanced Preparation: None
For more information regarding refund, complaint, and program cancellation policies, please contact the training department at [email protected].

Course Outline

  1. Introduction to Money Laundering and Terrorist FinancingRole of the Financial Action Task Force (FATF) • 40 recommendations • Nine special recommendations • Proposed amendments and extensions • Mutual reviews • Non-co-operative countries and territoriesEU Directives • 1st and 2nd Directives and how they set the stage for the 3rd Directive • 3rd Directive • Other EU Directives which impinge on or supplement the requirements in respect of money launderingThe US Scene • History of the fight against money laundering • US Patriot Act • OFAC
  2. Local Legal and Regulatory RequirementsCustomer Due Diligence • CDD requirements following a risk-based approach • Individuals • Legal entities • Beneficial owners • Face-to-face • Electronically • RemotelyOngoing Monitoring • For CDD reviews • Transaction monitoring • Risk indicatorsRecord Keeping • What records must be kept • How do you keep them and for how long • CDD records • Transaction recordsSuspicions and Reporting • What is suspicion? How do you identify it? • What internal reporting systems do you need? • What must you report to the authorities? • How do you report? • What records do you need? • When do you need consent? • How do you deal with a customer whilst awaiting it? • How do you handle a customer after a report has been made?Tipping Off • What is tipping off? • How do you avoid it?Money Laundering Reporting Officer (MLRO) • What are the duties? • What are the obligations? • Annual reportSenior Management Responsibility • Setting an AML policy • Audit of AML compliance Sanctions• Consolidated sanctions list • How do you apply it • License and recordsTraining and Awareness • Who and when to train • Level of training • Methods of training • Assessing competence • Training records • Maintaining awareness

Areas of Expertise

  • Financial Crime, Fraud, and Money Laundering
  • Leadership
  • Finance
  • Accounting
  • Internal Control
  • Governance & Risk Management

Bilal Sidani

Training Advisor

Tamara Lawand

Training Advisor

Group Internet Based

Governance Dynamics is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Enquire Now

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In-House Request

The In-House request is available for groups made up of 5 or more people. Please contact us for more details

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