Training Objectives

By attending this programme, participants will:

• Be updated with the most recent advances in AML legislation within the European Union, new proposals and recent developments
• Familiarise themselves with the term typology in the ML context so that they can understand the nature of existing and emerging ML threats by looking at real case studies and examples
• Understand the risks of ML threats and how to address them
• Recognize the key elements that should be present in a robust AML programme

Training Outline

AML Legal Framework in the EU

• Describe the most recent advances in ML legislation within the European Union and new proposals

Typology trends

• Definition
• Why study typologies
• Reference material

Money laundering typologies with case studies and examples:

• Use of virtual assets (cryptocurrencies or other virtual assets)
• Use of professional services (lawyers, notaries, accountants):
• Trade-based money laundering and transfer pricing
• Underground banking / alternative remittance services / hawala.
• Use of new payment methods / systems
• Laundering of proceeds from tax offences
• Real estate, including roles of real estate agents
• Use of nominees, trusts, family members or third parties
• Use of shell companies/corporations
• Mingling (business investment).
• Use of false identification

AML Effectiveness

• Problems with the current AML/CFT regime
• The key elements that should be present in a robust AML programme
• Developing internal AML policies and procedures

Who Should Attend

• Directors
• Executive Management
• Senior managers
• Compliance Officers / Assistant Compliance Officers
• AML officers
• Legal advisors

Training Style

The programme is designed to deliver high-level knowledge and insights into the EU AML Legislation, developments, proposals and ML typologies.

It will strive to enhance participants’ skills and knowledge using a combination of presentation, case studies and real-live examples, as well as a learner-focused approach, 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.