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
AML - Anti-Money Laundering
In-Company, call us for more information
This 2-day intensive course, designed for bankers and professionals working in the financial services industry to provide them with a better understanding of:
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:
Main Topics Covered During This Training
Who Should Attend
From Commercial, Central and Investment Banks as well as other financial institutions:
In-Company, call us for more information
Group Discounts: 2 people - 5% discount, 3 people - 10%.
Anti-Money Laundering - A 2 Day Programme
- Criminal activities
- Typology of economic corruption
- The impact of corruption
- Why money laundering is a problem
- Examples of money laundering
- The concept
- Terrorist financing
- The legal framework
- The Loan Back
- The Money Broker Shuffle
- What is money laundering?
- Placement and its various forms
- 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
- Payable through accounts
- Letters of credit
- Discount Brokerage, Securities and Investment
- Bank employees and agents
- New money laundering schemes
- FATF’s role
- The 40 Recommendations
- The 9 Special Recommendations
- The investigation process
- Documenting the findings
- Concluding the investigation
- The Suspicious Transaction report
- What regulators need to be concerned about
- The examiner’s role
- The bank’s compliance program
- Compliance program elements
- Senior management commitment
- Internal audit program
- Compliance officer
- Bank examination approaches
- Examining the bank’s compliance program
- High risk areas
- Review of internal audit
- 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
- Who they are
- Regulations relating to these organizations
- Suspected money laundering activities
- Mexican drug barons
- Dealings with Iran
- Suspicious travelers cheques
- 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
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.
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