The programme reviews the obligations attached to the prevention of money laundering and terrorist financing and translates them into a working control framework.
Participants examine customer and business relationship due diligence, the treatment of higher risk situations and the construction of a defensible risk assessment. A substantial part of the time is devoted to auditing an existing framework and identifying the weaknesses that supervisors typically pursue.
The programme closes on the preparation of an inspection, including evidence files and remediation planning. Participants leave able to test their own arrangement and to argue its adequacy.
Who it is for
Compliance officers, internal auditors and staff responsible for financial crime prevention.