In recent times regulators have shown an extremely heightened focus on AML/KYC, with huge fines being levied against global financial institutions - such as HSBC and Standard Chartered - that fail to comply with current legislation. The risks are high for financial institutions should they fail to ensure a proper screening process in their AML operations.
The penalties for failure include not only sizeable fines against companies, but potential jail terms for individuals. And this is not about jailing the actual money launderers here – it is about the jailing of staff of the Bank, or the Custodian, or the Investment Manager who, whether because of ignorance, or just inefficiency, fails to report a suspicious event, or in some other way unwittingly aids and abets a money launderer.
Who should take this course?
Global Anti-Money Laundering & KYC is a 2-day intensive course designed for bankers and people working in the financial services industry to provide them with a better understanding of:
· Money laundering and terrorist financing
· Suspicious transaction reporting and suspicious activity indicators
· Customer due diligence and record keeping
· Compliance with domestic and international regulatory standards
This course is designed to provide a practical approach to the subject providing detailed examples and guidelines to identifying and managing AML and terrorist financing issues.
An effective AML compliance program requires sound risk management; to this end this course provides guidance on identifying and controlling risks associated with money laundering and terrorist financing. The course provides an overview of AML compliance program requirements, AML risks and risk management expectations, industry sound practices, and examination procedures.
For further information or to book a seat contact Castille Institute on 20933280 or send us an email on email@example.com.