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 CCO/MLRO
- 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