Training Objectives

• Understand the EU Institutional decision-making process from the EC proposal stage on both legislative packages to ratification by the EU Parliament and Council
• Identify the various key provisions under the new EU AML legislative text that will have a direct impact on the firm’s compliance framework
• Identify the new requirements and challenges under the EU AML framework designed to strengthen cross-border monitoring of financial transaction
• Build an awareness of the modified roles of national supervisors and the EBA in the light of the creation of a new EU AML agency, with more assertive powers
• Learn how the scaled-up harmonisation and coordination of AML supervisory practices in the financial and non-financial sectors will affect your business
• Develop awareness of how the EU intends to monitor transactions with third countries considered to be ‘high-risk’ jurisdictions
• Be capable of anticipating questions and queries by the new EU AML Authorities

Training Outline

• Background on EU AML measures up to the 5th Anti-Money laundering directive
• Role, scope and powers of the new EU anti-money laundering authority
• Broadening the criteria for assessing high-risk third countries and improving checks on transactions involving such countries
• 5^th anti-money laundering Directive rules extension to trusts and similar legal arrangements the transparency rules and obligations applicable to legal entities, requiring Member States to identify and notify trusts or trust-like arrangements
• Regulation on AML/CFT, containing directly-applicable rules, including in the areas of Customer Due Diligence and Beneficial Ownership

Who Should Attend

The course is addressed to:  

• Chief AML Officers
• CFOs
• Regulatory compliance officers
• National supervisors
• Financial services trade bodies
• Chief legal officers
• Internal ITC specialists
• Chief data officers
• COOs

Training Style 

The programme is designed to deliver high-level knowledge and insights into the EU financial services regulatory agenda and developments. It will strive to enhance participants’ skills and knowledge via lectures supported by power-point presentations and practical examples.  The training style is both training-focused, involving a combination of presentation and real-live examples, but also learner-focused, where participants are encouraged to raise questions, seek clarifications and share their opinions from their different perspectives and engage in an exchange of views and personal professional experiences.

CPD Recognition

This programme may be approved for up to 5 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.