Developing a Risk Based Approach to Financial Crime Compliance.

Anti – Money Laundering, Counter Terrorist Financing and Adherence to Common Reporting Standards.

A 2 Day’s Workshop Style Course, with Numerous Case Studies.

Background

Financial Crime Compliance and Regulatory Compliance are probably at the top of nearly every Financial Institution’s risk review process and have become one of the key strategic imperatives for all financial institutions. The reputational damage and not to mention fines imposed for non-compliance are of huge concerns. It is fair to say that institutions are being micro-managed by regulators in this area.

The responsibility for identifying, mitigating and managing these risks under a Risk-Based Regulatory regime falls to the regulated entity. Institutions are compelled to identify where they think the greatest Anti – Money Laundering Risks lie within their client base and to show that the systems and processes used to manage and mitigate those risks are fit for purpose. This should result in a broad approach to Standard AML risk clients, a closer and more detailed approach to Medium Risk Clients and an intrusive and comprehensive approach to High Risk Clients.

This course deals with a Risk Based Approach, Anti – Money Laundering and Counter Terrorist Financing in a practical manner with case studies and examples to illustrate the learning points and to bring the training to life. It also lays emphasis with the practical implementation of Common Reporting Standards (CRS).

Who Should Attend?

Delegates with client facing responsibilities especially, where financial crime is a real and active risk. Risk and compliance professionals, MLROs and members of the Internal Audit Function, Senior Managers and Top Management would also derive considerable benefit from attending as they are the ultimate risk owners.

Methodology

Workshop style with participation from delegates actively encouraged.

About the Trainer

Mark Andrews

Mark is an international consultant and lecturer. He has worked for a number of leading local and international banks in various positions (e.g. as trade finance specialist, head of trade finance, trade finance risk manager, in-house trainer, financial crime detection specialist for HSBC).

He is a frequent lecturer in financial crime modeling and development of risk based approach to AML/CFT. He has also developed courses on CRS applications for leading organizations and institutions, including leading international development banks, bank associations, chambers of commerce, universities and other educational organizations, governmental entities involved in export promotion, customs authorities, as well as commercial banks, exporters and importers, traders and corporations acting in international transport, logistics and cargo insurance. He is also a regular facilitator in seminars organized by ICC national committees world-wide. As an international trainer and consultant, Mark has delivered seminars and/or consultancy services in more than 40 countries, including Albania, Bulgaria, Romania, Poland, Serbia, Slovakia, United Kingdom, Ireland, Denmark, Portugal, Lithuania, Latvia, Malta, Georgia, Turkey, Russia, Uzbekistan, Azerbaijan, Mongolia, Bangladesh, Cambodia, Vietnam, India, Sri Lanka, Nepal, China, Philippines, Singapore, UAE, Sierra Leone, Zambia, Uganda, South Africa, Ghana, Nigeria, Mozambique, Trinidad, Dominica, etc.

He is a Regular Faculty Member of Euromoney Learning Solutions and has developed and delivered the following courses for Euromoney:

Loan Documentation
Guarantees & Standby Letters of Credit in International Trade
Structured Trade & Commodity Finance
Risk-Based Approach to AML/CFT

Programme

Day One

Time	Details
08 30 – 09 00	Registration.
09 00 – 10 40	Practical Issues with Common Reporting Standards.
	Financial Crime.
	Who sets the rules and who publishes best practice guidelines?
	What must Institutions have in place?
10 40 – 11 00	Tea Break.
11 00 – 12 30	Risk Based Approach.
	Risk Based Approach Methodology.
	Risk Based Approach Drivers.
12 30 – 13 30	Lunch Break.
13 30 – 15 00	Counter/Anti-Terrorism Financing.
	Sanctions – Brief Overview.
15 00 – 15.15	Tea Break.
15 15 – 16 45	Risk Based Approach to Customer Due Diligence.
	Risk Based Approach to Politically Exposed Persons.
———- End of Day One ———-

Day Two

Time	Details
08 30 – 09 00	Registration.
09 00 – 10 40	Specific Identification & Verification Issues.
	Risk Based Approach to Constructing the FCC Framework.
10 40 – 11 00	Tea Break.
11 00 – 12 30	Suspicion & Escalation.
	Risk Based Approach to Managing Methods of Money Laundering.
12 30 – 13 30	Lunch Break.
13 30 – 15 00	Cyber Risks – New Technologies.
	A Risk Based Approach to Legitimate but Potentially high risk Structures that hide BO.
	ML/TF Typologies and Trends (Methods, Techniques, Schemes and Instruments).
	Developing a Risk Rating Framework/Criteria/ Financial Crime Analysis.
	Know Your Employee Program.
15 00 – 15.15	Tea Break.
15 15 – 16 45	AML Training
	Electronic AML Solution
	Open Forum Talking Points.
———- Course Completion ———-

Costs

GFM is delighted to offer these two day workshops at a very attractive subsidized rate (30% of the full rate of Rs 25,000 per participant) of only Rs 7,500 for members and Rs 8,250 for non-members based on its collaboration with the HRDC, which will be funding the workshop up to the tune of 70%, under the ‘Sectoral Skill Development Scheme’. As a result participants will not have to claim HRDC refund for this workshop, minimising the administrative burden.