What past delegates say?

“ Thank you very much. You made it so easy and funny and I learnt a lot!’  

Former Delegate, Abu Dhabi Council

“Very enthusiastic and personable trainer.”

Head of the Department, SG Hambros  

“Very enjoyable. Lots to think about. Very good trainer.”

Former Delegate, DVB Bank

Media Partners



AML - Anti-Money Laundering

Register Now

In-Company, call us for more information

Course Description

 This 2-day intensive course, designed for bankers and professionals working in the financial services industry to provide them with a better understanding of:

  • Money laundering and terrorist financing
  • Suspicious transaction reporting and suspicious activity indicators
  • Customer due diligence and record keeping and
  • International regulatory standards

 

An effective AML compliance program requires sound risk management. This highly practical 2 day course provides guidance on identifying and controlling risks associated with money laundering and terrorist financing. The programme provides an overview of AML compliance program requirements, AML risks and risk management expectations, industry sound practices, and examination procedures. 

You will have a chance to analyse the latest AML techniques and strategies from around the world through practical case studies.  

What Will You Learn

After completing this course you will be able to:

  • Understand their responsibilities in respect of anti-money laundering and counter-terrorist financing
  • Appreciate the risks of money laundering and terrorist financing specific to your financial/ business sector
  • Identify suspicious transactions in the course of your business/operations
  • Understand the legal obligations to report suspicious transactions
  • Examine individual cases and be able ask all the right questions

Main Topics Covered During This Training

  • Money laundering and terrorist financing
  • Analysing bank risk areas 
  • Suspicious transaction reporting and suspicious activity indicators
  • Customer due diligence and record keeping 
  • International regulatory standards
  • Financial Action Task Force (FATF) 
  • Bank Examination Techniques 
  • Practical Tips in AML Management
  • Many recent AML case studies from around the world

Who Should Attend

From Commercial, Central and Investment Banks as well as other financial institutions:

  • Compliance Officers
  • Financial Officers 
  • Risk Officers 
  • Internal Auditors 
  • Operational Risk Managers 
  • Staff with roles and responsibilities in AML and anti-terrorist financing activities
Register Now

In-Company, call us for more information

Group Discounts: 2 people - 5% discount, 3 people - 10%.

Anti-Money Laundering - A 2 Day Programme

Introduction

  • Criminal activities
  • Typology of economic corruption
  • The impact of corruption
  • Why money laundering is a problem
 
Money Laundering
 
  • Examples of money laundering
  • The concept
  • Terrorist financing
  • The legal framework
 
Classic Money Laundering Methods
 
  • Classic
  • The Loan Back
  • The Money Broker Shuffle
 
Money Laundering – the Detail
 
  • What is money laundering? 
  • Placement and its various forms
  • Layering
  • Integration 
 
How Banks Fit In
 
  • Why banks are so important 
  • Bank risk areas
  • High-risk countries
  • Depositing laundered funds
  • Suspicious signs
  • Suspicious sale of monetary instruments
  • Suspicions currency exchange
  • Safe deposit
  • Money laundering account activity
  • Offshore transactions
  • Wire transfers
  • International correspondent accounts
  • Private banking
  • Trusts
  • Payable through accounts
  • Lending
  • Letters of credit
  • Discount Brokerage, Securities and Investment
  • Securities
  • Insurance
  • Bank employees and agents
  • New money laundering schemes 
 
Financial Action Task Force (FATF)
 
  • FATF’s role
  • The 40 Recommendations
  • The 9 Special Recommendations
 
Case Study: Training - The Key to a Successful AML Program
 
In this case study we take a close look at how Kenya’s M-PESA mobile money system handles staff training. This case study clearly illustrates how the various AML principles are built into the training program and includes a detailed discussion and exercise.
 
Case Study: Sanctions Screening – Part 1
 
We examine the concept as sanctions screening and the role it plays in countering money laundering and terrorist activities. We deal at length with laws and the reporting of suspicious activities using the United States as the basis for our review. The case study includes a detailed participant discussion.
 
Investigating Suspicious Transactions 
 
  • The investigation process
  • Documenting the findings
  • Concluding the investigation 
  • The Suspicious Transaction report
  • What regulators need to be concerned about
 
Day Two
 
Bank Examination Techniques
 
  • The examiner’s role
  • The bank’s compliance program
  • Compliance program elements
  • Senior management commitment
  • Internal audit program
  • Compliance officer
  • Training
  • Bank examination approaches
  • Examining the bank’s compliance program
  • High risk areas
  • Review of internal audit
 
Case Study: Sanctions Screening – Part 2
 
Building on Part 1 of this case study from day 1 we look a six recent cases of global banks who were found guilty of contravening sanction screening activities through the infamous process of “payment stripping”. 
 
Transaction Testing
 
  • Examining transactions – in this section we look at what transactions need to be scrutinized and what we need to be suspicious of.
  • Transaction types covered include: cash, wire transfers, international correspondent accounts, sale of negotiable instruments, safe custody, deposit boxes, lending, private banking, foreign exchange procedures, letters of credit, investments, insurance, Internet banking, 
  • Important people – Potentiates, Foreign Heads of State, Military Commanders, State Officials.
  • Reporting your findings
 
Non-Banking Organizations
 
  • Who they are
  • Regulations relating to these organizations
 
Case Study: Fire & Ice – A case of two extremes
 
This case study looks at global HSBC bank and examines two separate incidents of potential/actual money laundering activities, how they were and were not handled allowing us to draw some powerful lessons. This case study is wide ranging and covers such issues as:
 
  • Suspected money laundering activities
  • Mexican drug barons
  • Dealings with Iran
  • Suspicious travelers cheques
 
Practical Tips in AML Management 
 
  • Bank officers: Do’s & Don’t’s
  • What KYC means …. And what it does NOT mean!
  • Advantages of KYC standards
  • Core elements of KYC
  • Measures to deter money laundering
  • Suspicions transactions and their red flags
  • Customer Due Diligence – FAQ
  • The Customer Due Dillignce (CDD) formula
  • Main elements of a KYC program
  • Major areas of verification difficulty
 
Concluding Case Studies and Discussion
 
To wrap up the course we offer four separate, but distinctive, case studies – from the US, the UK, Kenya and South Africa. For each study we present the participants with the facts and then we pose a series of questions on each case. 
 
The ensuing discussions will allow participants to use their newly gained knowledge of money laundering and terrorist financing to draw the right conclusions to this intensive two-day program.

Richard holds a B.S. in International Business Administration from San Jose State University in California. 

His professional experience spans over 25 years. He started his career with Wells Fargo Bank, following by Fundtech and then moving to international advisory and consulting for the private and high-tech sectors providing high-level consulting, business analysis, project management and training to a wide range of banking clientele across the globe.   

Over his career Richard was involved in International Trade Finance, Cross Border Payments and Settlements, Operational Risk, AML and Corporate Governance amongst others.

He has spent extensive time servicing a diversity of financial institutional clients in many countries including: UK, Ireland, China, Singapore, Hong Kong, Philippines, Korea, Malawi, Ghana, Nigeria, Kenya, South Africa, Poland, Sweden, Netherlands, Greece, Norway, Bermuda and across North America. Clients that

Richard has trained & consulted to include: JP Morgan, Abu Dhabi Commercial Bank, Qatar Exchange, Abu Dhabi Investment Authority, Central Bank of Egypt, Irish Gas, UBS, Central Bank of Ireland, Central Bank of Norway, Merrill Lynch, PGGM, BP, Asian Development Bank, African Development Bank, Instinet, Fundtech, European Central Bank, Brunei Investment Agency, British Steel Pension Fund, Salesforce, Euroclear and Tullet Prebon amongst others.

* - Fields marked with a star are obligatory.

Your privacy is important to us and we will not share your details with any third-party.

Submit

Thank you for your interest in our company and your enquiry. We will contact you shortly.

In the meantime, did you have a chance to see what our clients say about us?

Follow us on:


* - Fields marked with a star are obligatory.

Your privacy is important to us and we will not share your details with any third-party.

Subscribe

Thank you for your interest in our company and your enquiry. We will contact you shortly.

In the meantime, did you have a chance to see what our clients say about us?

Follow us on:

AML - Anti-Money Laundering <p>&nbsp;This 2-day intensive course, designed for bankers and professionals working in the financial services industry to provide them with a better understanding of:</p> <ul> <li>Money laundering and terrorist financing</li> <li>Suspicious transaction reporting and suspicious activity indicators</li> <li>Customer due diligence and record keeping and</li> <li>International regulat ... In-Company