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Informa

Focus on Anti-Money Laundering & Financial Crime - Online Academy

Five weeks - two hours per week

27 March 2019

Distance Learning

Module 1: The Scale of the Problem, Terminology and Methodology

  • A $2tn industry
  • Understanding the terminology from both sides
  • Placement, layering & integration
  • Predicate crimes and their audit trails
  • Tax evasion/avoidance & the problem with cash
  • The role of financial institutions & obliged entities
  • Terrorist financing & people trafficking
  • Recent typologies

Module 2: The Regulatory Environment

  • FATF/Egmont/Wolfsberg and other international bodies
  • EU regulators and their scope of influence
  • FinCen & other US regulatory players
  • OFAC & sanctions bodies
  • Asia Pacific Regulators
  • BIS/Transparency International and other trade bodies
  • 4MLD & its influence

Module 3: Types of Customer & High-Risk Jurisdictions

  • PEPs & PEP Associates
  • Trusts/Foundations/Offshore Companies/Charities/LLPs
  • High risk jurisdictions – what do we mean by offshore?
  • What do the Panama & Paradise Papers tells us?
  • Sectors/countries that are particularly vulnerable to ML
  • Customer & entity ‘red flags’

Module 4: Due Diligence

  • Identification & verification – problems with documents
  • KYC – the importance of ‘professional scepticism’
  • Enhanced Due Diligence – when and how
  • Beneficial ownership – new regulations
  • Understanding ‘control’
  • Problems with policies & procedures
  • The dangers of ‘box ticking’ in DD
  • Remediation
  • The ‘smell test’ and the importance of SARs

Module 5: Sanctions & the Future

  • What are sanctions?
  • Types of sanction programme
  • SDNs & Blocked Persons
  • Restricted goods regulations
  • Penalties for sanction breaches
  • NPPS
  • Cryptocurrencies
  • Assessing weaknesses in global AML programmes

For more information how we can help you contact us now
+44 (0) 20 7017 7017 or jeff.hearn@informa.com