Training Objectives

By the end of the programme, participants will be able:

• To identify higher risk areas that should be subject to quality assurance reviews
• To design and execute quality assurance reviews
• To perform a root cause analysis
• To develop and implement corrective actions
• Communicate the results of the quality assurance reviews to management

Training Outline

Quality Assurance “QA” reviews:

• What are QA reviews
• Why QA reviews are important
• Who shall conduct QA reviews and when

What is the QA review scope:

• What areas a QA review should cover
• How to identify higher risk areas

Designing a QA review

• Methodology (risk rating, sample base, etc)
• Pre – field work (required data)

Performing a QA review

• Field work
• Analysing QA review results
• Identifying root cause
• Developing a corrective plan
• Communicating the QA results to the management
• Monitoring the corrective plan implementation.

Who should attend

• Senior Management,
• Department Heads
• Heads of AML Departments
• Head of Compliance Departments
• Senior Compliance Officer
• Senior member of the AMLD
• Regulatory compliance officers
• AML Officers

Training Style

The programme is designed to provide compliance professionals with the required skills and knowledge to design and conduct a quality assurance review. Compliance professionals will test their skills and knowledge by applying quality assurance principles on a real business process/AML process.

CPD Recognition

This programme may be approved for up to 3 CPD units in Internal Audit. 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.