Key Details

Duration: 2 Days Location: Dubai, UAE Price: 9,150 AED per person
Upcoming Dates: 01 - 02 Aug 2018,  21 - 22 Nov 2018

Overview

Financial crime is a major corporate and social issue and of extremely high focus for regulators worldwide. Many regulators have turned their supervisory spotlight on firms’ anti-money laundering processes, systems and controls and also on those who are involved or responsible for the prevention, detection and overall protection of their...

Financial crime is a major corporate and social issue and of extremely high focus for regulators worldwide. Many regulators have turned their supervisory spotlight on firms’ anti-money laundering processes, systems and controls and also on those who are involved or responsible for the prevention, detection and overall protection of their Firm against all aspects of financial crime.

Recent cases of fines, sanctions and reputational damage in relation to money laundering systems failures and recent significant frauds form the background that international standards are expected to be understood and demonstrated. Such standards include but are not limited to those set by FATF, OECD, and other international standard setters.

CCL has developed this workshop-style programme to meet the needs of today's current or potential anti-money laundering personnel, fraud prevention personnel, compliance professionals and those with responsibility for regulatory compliance.

The workshop has been endorsed by the Chartered Institute for Securities & Investment (CISI) and designed by Anti-Money Laundering Professionals, Compliance Officers, and former Regulators who between them have over 60 years’ experience. Being a workshop style programme, relevant case studies are utilised throughout.

The programme will provide participants with the practical skills and knowledge required to carry out the prevention and detection of financial crime including those relating to anti-money laundering and the countering of terrorist financing, in line with international standards.

Who is this for?

The certificate programme is ideal for all participants who seek understanding of the growing significance of the risks of financial crime, heightened regulation and the need for compliance, including:

  • Anti-money laundering and fraud prevention officers
  • Personnel responsible for the supervision of prevention and detection systems and controls in relation to financial crime including anti-money laundering and fraud prevention
  • Compliance professionals
  • Regulators
  • Legal, Audit
  • Risk specialists

What is Financial Crime?

  • Why financial crime compliance matters
  • The underlying rules and regulations (international and local)
  • Compliance roles and responsibilities
  • Conduct

Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)

  • How money laundering works
  • Typical examples and red flags
  • Case studies
  • The control cycle

Risk methodology and assessment

  • Why risk matters
  • Risk factors including geography, product and industry
  • Key characteristics of a risk assessment

Onboarding clients

  • The Client Due Diligence (CDD) process overview
  • Getting to Know Your Customer (KYC)
  • PEPS
  • Unwrapping
  • Screening: sanctions and negative news

Client Monitoring

  • KYC reviews
  • Transaction monitoring

Suspicious Activities

  • What is suspicion
  • Types of suspicious activities
  • The role of the MLRO
  • Reporting and the FIU

Fraud

  • What is fraud
  • External fraud
  • Internal fraud
  • Fraud detection and prevention

Anti-bribery and Corruption:

  • Social impact of bribery
  • Rules and regulations
  • Case studies
  • Red flags

Sanctions

  • The purpose of sanctions
  • Rules and regulations
  • Case studies
  • Red flags
  • The control cycle

This programme is supported by a suite of case studies and exercises.