Managing the Risk of Money Laundering (ML) and Terrorist Financing (TF): Strategies to Identify and Assess ML and TF Risk Areas for Compliance and AML Officers

Programme Overview

The risk-based approach (RBA) is central to the effective implementation of an AML/CFT regime. ML and TF risk assessment form the basis of the risk-based approach, enabling a bank to understand how and to what extent it is vulnerable to ML and TF risks. There should be a coherent strategy to managing ML and TF risks by a bank, including risk identification, risk assessment, the range of risk factors to cover and obtaining relevant approvals, amongst other strategies


Programme Objective

To provide a robust, comprehensive and leading practice insight into strategies for managing ML and TF risks. By the end of the programme each participant will be able to:

  • Revisit and revitalise Compliance and AML Officers’ learning on the appropriate strategies to manage ML and TF risk assessment
  • Gain insight into key areas of AML/CFT such as the risk-based approach and institutional money laundering and terrorist financing risk assessment
  • Understand the range of factors to cover in the process of conducting ML and TF risks
  • Appreciate the necessary AML/CFT systems to implement for the bank, having regard to the Bank’s nature, size and complexity of business and the ML/TF risks arising from the business
  • Understand the need for appropriate Board and senior management oversight and adequate governance arrangements

Programme Coverage

  • Implementing an effective risk-based approach to AML/CFT
  • Institutional money laundering and terrorist financing risk assessment
  • The appropriate strategies to conduct institution-wide or group-wide ML and TF risk assessment
  • Range of factors to cover when conducting ML and TF risk assessment
  • Integration of ML and TF risks into the overall enterprise risk management (ERM) of the Bank
  • Elements of an effective AML Compliance Programme
  • Elements of a robust AML/CFT Systems
  • Appropriate compliance management arrangement
  • Adequate governance oversight for effective money laundering and terrorist financing risk management
  • Group-wide AML/CFT systems

 Who Should Attend?

  • AML and compliance officers, practitioners and professionals
  • Cluster Compliance and AML Officers
  • Internal auditors
  • Regulators
  • Risk management employees
  • Internal control officers

Duration: 1 day (In-house/In-plant only)

Date: As agreed with our client

Programme fee: As negotiated

Key benefits: Improved employees’ knowledge of strategies for managing ML and TF risks