AML and KYC - Anti-Money Laundering & Know Your Customer Training (June 3-5, 2020) -

DUBLIN--()--The "AML and KYC - Anti-Money Laundering & Know Your Customer Training" training has been added to's offering.

The Prevention, Detection and Investigation of Financial Crime. Understand where the risks lay in your organisation and the laws that shape our activities.

Governments and financial markets throughout the world recognise Financial Crime as one of the greatest threats to the global financial services industry.

The FCA has increased its efforts to fight every aspect of financial crime: Money laundering, terrorist financing, market manipulation and data theft. Along with partner agencies, the FCA looks towards the firms they regulate when combating financial crime. Firms are required to work together with the FCA and the international community in their efforts to make it harder for criminals to exploit their businesses and their clients.

The market regulator expects your company to understand where the risks lay in your firm and react appropriately as part of your governance framework.

During this intensive course, we will illustrate this real and significant threat to our industry and show you how to take a proactive approach to financial crime, enhance the policies, processes and procedures you currently have in place and ensure that everyone in your organisation is ready to protect your firm and the market place.

What will you learn

By the end of the course delegates will:

  • Appreciate and understand the latest crime prevention regulation (national and international)
  • Understand the elements necessary to create the right corporate culture
  • Recognise key elements of Know Your Client' documentation
  • Respond quickly to criminal behaviour by introducing alert systems which react appropriately and quickly to any potential criminal situations
  • Recognise how to investigate more quickly and escalate suspicious activity, reducing the damage to the firm
  • Protect the firm's reputation by avoiding the media spotlight created by high-profile incidents of firms being victims of financial crimes
  • Develop a solid overview of their firm's vulnerabilities and the controls and procedures needed to address them in an increasingly complex global industry

Main topics covered during this training

  • Money laundering and terrorist financing
  • Suspicious activity indicators and transaction reporting
  • Setting up effective KYC procedures
  • Customer due diligence and record-keeping
  • International regulatory standards
  • Financial Action Task Force (FATF)
  • Analyse the effectiveness of your firm's AML/CTP processes and procedures
  • Practical Tips in AML Management
  • Setting up action plan
  • Case studies and exercises

Please note: This consists of 2 sessions of 3 hours conducted over 2 days during the same week - 6 hours in one week in total. 3 & 5 Jun at 9 a.m.

Key Topics Covered:

Understand money laundering & terrorist financing

  • What is money laundering?
  • The importance of preventing money laundering activities by the international community?
  • Who are the real victims of financial crime?
  • Understanding and recognising the common products and services
  • used by those who launder money
  • What is considered as terrorist financing?

The global response to financial crime

  • What is the Financial Action Task Force and what are its 40 recommendations?
  • An introduction to international sanctions
  • UK Anti Money Laundering AML' and Counter-Terrorist Financing CTF'
  • Explanation of the Proceeds of Crime Act and its role in combating financial crime:
    • Key foreign activity
    • US Foreign Policy
  • Office of Foreign Asset Control
  • An introduction to the FCA's role in establishing controls
    • The relevant FCA rules and regulations
    • Their impact on your firm

Defensive strategies of your firm

  • Internal controls, policies, processes and procedures
  • Compliance strategies
  • 3 lines of defence
  • Governance, oversight and reporting
  • Mitigation and remedial activities

Mechanisms to understand who your clients are

  • The UK sanctions regime
    • Understanding the different types of sanctions
    • Your firm's activities in relation to sanctions
  • Client due diligence CDD' / Enhanced due diligence EDD'
  • Identification and verification ID&V'
    • How to distinguish which of your clients are more likely to be involved in AML / CTF activities
  • Know Your Client KYC'
    • The importance of client documentation from a commercial and regulatory perspective
  • The FCA's views regarding client documentation

The reporting and identification of suspicious transactions

  • Overview of the necessary levels of employee training, their understanding of the steps involved in committing financial crime and the official/legal definitions
  • Introduction to the escalation and reporting procedures of enforcement bodies
  • Identifying potential and emerging risks within your firm
  • Managing the client relationship after reports have been made

Recognising and responding to financial crimes and suspicious transactions

  • Case study exercises in analysing documentation, client circumstances and activity
  • Review of the good and poor practices of firms responding to financial crime
    • Recognition of financial crime being committed
    • Consider current internal reporting procedures

Action planning

  • Consider how your firm's current AML/CTF policies, processes and procedures can be enhanced to ensure they continue to have the appropriate safeguards to prevent financial crime
  • What actions are to be taken at each level within your firm
    • Senior management
    • Management
    • Team leaders
    • Employees

Course summary & close

For more information about this training visit

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900