Certificate in Anti‐Money Laundering and Financial Crime Compliance

In a modern world, which is led by technological innovation while regulation is updated on a dynamic pace, committed professionals are obliged to stand against serious threats faced by the financial sector relating to money laundering, bribery, corruption and terrorist financing.

This certificate aims to boost professionals to overcome major hurdles by applying a realistic and efficient risk-based approach, while thinking of the unexpected event of new challenges that appear daily by criminals on a global scale with a dynamic pace. Financial institutions are vulnerable to be used as a stepping-stone for criminals and financial institutions must have enhanced protection for both potential insider threats a well as outsider threats for their organisation.

Training Objectives

By the end of this programme, the participants will:

• Know the History of Money Laundering and Financial Crime
• Understand the difference between Terrorist Financing and Money Laundering
• Know the expected future of AML and Terrorist financing
• Know how to utilize reliable sources for their research
• Apply Efficient Risk Based Approach to their KYC process
• Recognize the Red Flag Indicators
• Understand the Social Effects deriving from these offenses
• Classify countries and activities on a risk-based approach without being misled by resources

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

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.

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