Seminar Objectives:

• Provide general information: background and history pertaining to money laundering controls, what money laundering and terrorist financing are, why the bad guys do it, and why stopping them is important
• Provide insight of the Legal framework: how AML laws and regulations apply to institutions and their employees
• Overview of Critical internal controls and how these can protect an organization.
• Understand Regulatory requirements regarding Customer Identification and Verification and about “Know Your Customer” and “Due Diligence” requirements.
• Provide an Overview of Risk Based Approach.
• Discuss how to spot unusual and suspicious activities.
• Examine red flags and money laundering techniques.

Who will benefit:

Professionals that work in the financial services sector - Compliance Officers and Compliance office staff, General Managers, Branch Managers, Bankers, Transaction MonitoringExperts, Investigative Analysts, Internal Audit staff, Auditors, Accountants, Lawyers.