On Demand

Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco by WebEx via Risktech & Advisory Limited.

All our 2023 Live on-site and Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.

Need to bring this course in-house for your risk team, 1:1 and/or face-to-face? Simply contact us for significant cost savings and dates best suited to your professional development and business goals.

Session 1: Introduction to Money Laundering Deterrence

Session 2: The EU 5th AML Directive – The Key Changes

Session 3: The EU 6th AML Directive

Session 4: FATF Guidance

Session 5: Lessons from recent cases

Session 6: Key Trends in Money Laundering Deterrence

Session 7: Combatting Financial Crime

Session 8: Discussion, Q&A, Summary

Money laundering remains a key concern for all banks and the implementation of an effective financial crime deterrence program is a critical element of this.  Such a deterrence program provides assurance to customers and regulators as well as providing assurance to senior management.

But the regulations continue to change and this program is designed to ensure that you are fully up to date with the developments in this important area as well as the new regulations that are being implemented.

• Risk management
• Senior management
• Compliance and financial crime deterrence staff
• Control and operational staff and management
• HR & IT Business Partners to Risk function

Introduction to Money Laundering Deterrence 

• The key issues in money laundering deterrence today
• Areas of particular concern
• The issues of governance
• The key concerns to be addressed
• The goals of money laundering deterrence
• Responsibilities and management
• Reporting and monitoring
• Developing and using warning signs
• Using structured and unstructured data  

The EU 5^th AML Directive – The Key Changes 

• The EU Directives
• History and timetable for implementation of the 5^th Directive
• Obligated entities and additional service providers
• Electronic money
• Prepaid cards
• Politically exposed persons
• Who is a PEP and does this matter?
• Customer due diligence
• Enhanced due diligence
• Beneficial ownership registers
• Information sharing
• High risk countries obligations
• What is now a high-risk country? 

The EU 6^th AML Directive 

• History and timetable for the implementation of the 6^th Directive
• The predicate offenses
• Regulatory harmonisation
• Regulatory scope
• New areas of concern
• Cooperation
• Criminal liability
• Money laundering punishments
• Screening obligations
• What will this mean for a firm? 

 FATF Guidance 

• Changing landscape post COVID
• COVID related risks and responses
• FATF Lists
• Virtual currencies and stablecoins
• Risk based guidance on the real estate sector
• Proliferation risk assessment and mitigation 

Lessons from recent cases 

• CPS guidance on offenses
• Recent cases including
  • Monzo
  • Capital One
  • Credit Suisse
  • NatWest Group
  • Deutsche Bank
• The lessons for internal control

Key Trends in Money Laundering Deterrence

• The use of technology
• The role of artificial intelligence
• Automation of AML monitoring
• Data mining and investigation
• Integration with sanctions and other financial crime risks
• Transaction reporting
• Beneficial ownership 

Combatting Financial Crime

• Roles and responsibilities
• The 3 lines model
• Corporate governance
• The role of the MLRO
• The role of risk management
• The 3^rd line model responsibilities
• Building and implementing a successful framework
• Warning signs
• Investigation and incident management
• Reporting

Discussion, Q&A and Summary

END

By the conclusion of this event delegates will have gained specialist technical and behavioural knowledge, and the application of 

• The recent and distinctive changes in the nature and growth of financial crime
• Areas of particular concern and hot spots
• The EU 5^th and 6^th Money Laundering Directives and their impact on your business
• The challenges that are likely to be faced
• The key elements of the implementation project
• Recent cases and lessons to be learnt
• Update on FATF guidance
• The key elements of the AML framework

Delegates who complete the course will receive an Certificate in New Trends in Money Laundering Deterrence and the 6th Money Laundering Directive: Regulations and Impact with CPD points (16) . For those who require a demonstration of competency an optional 20 multiple choice question timed assessment, remotely invigilated, with a results report and one resit is included in the price when requested at time of booking.

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred software to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.

(An invitation via email with access link is included for all participants.)