Training Objectives

By attending this course participants will:

• Attain an understanding of money laundering and terrorist financing, and the sanctions against said practices
• Examine how financial institutions are vulnerable to money laundering and terrorist financing
• Consider practical examples
• Look at the Legal and Regulatory Framework
• Understand the basic obligations CIFs and Fund Management employees have
• Understand how to classify clients in low, medium and high risk
• Become familiar with the use of a scorecard and how to prepare it
• Look at the creation of customer economic profile document
• Examine the reporting obligations of staff and risk-based approach

Training Outline

Seminar Content:

• General overview of AML legal environment
• Due diligence, simplified, enhanced according to the new legislation
• KYC Documents required according to the nature of the client
• Regulatory obligations for CIFs and Fund Management companies
• Client classification according to the directive
• Creation of the economic profile
• Scorecard
• Case studies from Egmont Group

Who Should Attend

The programme has been designed for Professionals working in CIFs, and will be of particular benefit to:

• Compliance and AML Compliance officers
• Funds and Fund Managers
• FX
• Binary Options and IFs
• Consultancy and fiduciary services providers catering for the financial services sector

Training Style

The programme will take for form of presentations, case studies and extensive discussion, as well as real life examples, all of which will assist with the better understanding of the content and thus assist participants to apply what they learn to their own job functions upon their return to the workplace.

CPD Recognition

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

This training course may be approved as an external activity under the  new  ACAMS  recertification  category  ”non-ACAMS credits” for up to 5 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here. 

In-house Training

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