The Business Essentials

• Corporate governance
• Ethical conduct: setting the tone from the top
• Regulators expectations of Senior Management

Governing Standards

• International standards and standard setters including FATF and OECD
• UN, OFAC and other sanctions.
• Practical implementation
• International impact on your region

Money Laundering

• Due diligence: know-your-customer
• A risk based approach to AML and CTF
• PEPs and other higher risk business

Terrorist Financing

• Defining Terrorist Financing
• FATF’s 9 Special Recommendations
• How terrorism is funded
• Preventing and detecting terrorist financing

Identifying & Reporting Suspicious Activity

• Warning Signs
• Laundering Methodology
• Identifying Suspicious Activity
• Internal Reporting
• External Reporting

Preventative Measures

• Policies and procedures
• Essential systems and controls
• Competence, fitness and propriety
• Staff recruitment and vetting
• Making use of technology

The Money Laundering Reporting Officer

• Apportionment of responsibility
• Functions, responsibilities and reporting lines
• Principal tasks
• Key skills and attributes
• Obligation to report suspicious activity

Returning to the Office – What Next?

• 10 point Action Plan
• Current Trends
• Relationship with Management
• Preparing for a Regulatory Visit
• Engaging with the Stakeholders

Assessment

• Multiple Choice Questions
• Short Answer Questions