Key Details

Duration: 1 day

Available: In-House only

Overview

CCL have developed this workshop to meet the needs of today's current anti-money laundering personnel and compliance professionals with responsibility for conducting customer due diligence. Focusing on the risk-based approach, the workshop provides a thorough guide international best practice, complying with the relevant regulatory requirements regarding Anti-Money Laundering (AML) and...

CCL have developed this workshop to meet the needs of today's current anti-money laundering personnel and compliance professionals with responsibility for conducting customer due diligence. Focusing on the risk-based approach, the workshop provides a thorough guide international best practice, complying with the relevant regulatory requirements regarding Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) and conducting effective due diligence.

The workshop style programme uses a variety of teaching methods including relevant case studies, illustrative examples and participant interaction to help attendees quickly grasp and internalise new knowledge. It is highly interactive and participants will be invited to discuss illustrative examples and real-life case studies in order to gain a practical understanding of all these issues.

This course is part of our Certified Compliance & AML Manager Award programme in association with Henley Business School and ICMA Centre. This programme is only available to firms on an in-house basis. To view this course as part of our public schedule for individuals to attend, click here

  • AML & CTF Update
  • Offences & Penalties
    • Exercise: compare penalties around the GCC
  • The Risk-Based Approach
    Business Risk Analysis (BRA)
    • Exercise: construct a BRA for your firm
  • Customer Risk Assessment
    • Exercise: assign risk ratings to three potential clients
  • Customer Due Diligence Exercise: interview a client
    • Exercise: build a new client file
  • Recognising & Reporting Suspicious Activity
    • Exercise in identifying suspicious activity
  • Case Studies

Attendees of this course will:

  • Understand what is meant by the Risk-Based Approach and why it is effective
  • Be able to conduct a Business Risk Assessment and know the specific risks faced by your firm
  • Undertake practical Customer Risk Assessments
  • Be able to conduct effective Customer Due Diligence
  • Know when to conduct enhanced or simplified due diligence
  • Be able to build an effective customer file
  • Know how to identify and report suspicious activity