Training Outline

The History of Money Laundering and Financial Crime

• How Money Laundering and Financial Crime came to the authorities’ attention
• Placement, Layering and Integration stages definitions and examples
• Major predicate offences as mentioned in the 6^th AML directive
• The updated Money Laundering and Terrorist financing risks

The difference between Terrorist Financing and Money Laundering

• Terrorist financing definition and examples
• Preventing money laundering and terrorist financing across EU- the practical approach provided by EU
• EU-US TFTP agreement
• International Context – FATF-MONEYVAL-EGMONT roles

The expected future of AML and Terrorist financing

• The role of FATF and its Recommendations
• How the private organizations absorb the new requirements
• What’s the next step?

Utilising reliable sources for their research

• How to use metasearch and other tools to prevent and detect activities of their clients.
• How Adverse media controls can be effectively achieved by utilising Search engines alerts

Efficient Risk Based Approach to KYC process

• Current EU legal framework
• Documentation required for effective KYC
• What happens after collecting the client’s information?
• Identification-Verification-Authentication process revealed

The Red Flag Indicators

• Major Red flags relating to
• The Client,
• The Source of Funds,
• The Nature and
• The customer behaviour

The Social Effects deriving from AML offenses

• It’s not only Tax Evasion, Drugs and Armory
• Human trafficking
• Kidnapping
• Environmental crimes
• Smuggling
• Countries and activities on a risk-based approach without being misled by resources

Using lists to achieve an unbiased Geographical Risk Assessment via:

• OECD List
• FATF list
• EU and UN Sanctions list
• Basel Index
• Corruption Perception Index

Training Style and Knowledge Test

The programme will utilize the existing regulations and global standards to provide participants with a thorough understanding of the criminal activities that took place around the globe. The programme will start with initial major definitions as given by the European Directives and proceed with the tools that are fit-for the purpose to counterattack those activities, not only on an operational level but on a society level, too.

Participants will consider an out of the box approach for treating their customers fairly, while they decrease the possibilities of their organization formulating the criminals’ expectations to fulfill their terrorist financing and/or money laundering interests. Real life examples and case studies will be provided for a better understanding throughout this programme.

At the completion of the knowledge areas, participants will be assessed via the form of Multiple-Choice Questions which will consist of questions related to the material taught. The aim of the assessment is to examine participants’ overall attention and knowledge of material taught as well as their competencies towards the implementation of practical cases.

CPD Recognition

This programme may be approved for up to 10 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.

The Association of Anti-Money Laundering Specialists (ACAMS) has confirmed that this programme is accredited for 10 CAMS Credits. Participation in this course does not substitute the requirement to earn (12) ACAMS credits through ACAMS produced training for CAMS recertification.

Who Should Attend

The programme is ideal for:

• C-Level Executives and Senior Managers in Investment Firms
• Compliance Officers
• Marketing Managers and Officers
• Sales and Business Development Executives
• Internal Auditors
• Internal Lawyers
• External Auditors, Lawyers and Financial Consultants