AML/CFT Masterclass for Directors and Senior Management

Trainer: Gavish, Yogesh Jaddoo & Megashya

Learning objectives:

After completing this course, directors and senior management will be able to:

Understand the foundations of ML/TF/PF and sanctions
Fulfil governance responsibilities in AML/CFT with a better understanding of their role and accountability duty
Strengthen AML/CFT Oversight and Governance Capacity by fostering a strong compliance culture that promotes ethical conduct and supports risk-based decision-making and steering a pertinent organizational AML/CFT governance strategy
Address AML/CFT challenges faced by them by better evaluating gaps in information flows, knowledge, and expertise across AML/CFT governance layers and by implementing actions to improve coordination and oversight
Recognize the cost and impact of non-compliance to AML/CFT obligations by understanding their personal liability risks
Analyse real-world AML/CFT failures and identify the root causes related to AML/CFT governance weaknesses

Course Outline

Introduction

Part I: The Basics of ML/TF/PF

Definition of Money Laundering, Terrorism Financing and Proliferation Financing
What are Sanctions?
The AML/CFT Regulatory Environment:

International norms and institutional framework
Local Legislative and Institutional Framework

Part II: The role and responsibilities of the Board & Senior Management in AML/CFT

Understand the key pillars of an AML/CFT Compliance Program:

Internal policies, procedures and controls
Designate a compliance officer and a money laundering reporting officer
Deploy of a risk assessment program
Implement an AML/CFT training program
Monitor and test the AML/CFT program

Part III: Strengthen Board AML/CFT Oversight Capacities

Compliance Culture and Conduct
Board composition and continuous AML/CFT education
Board reviews and meaningful engagement with AML/CFT stakeholders
AML/CFT Governance Strategy
Management Information and performance metrics
Documentation

Part IV: AML/CFT Challenges faced by the Board and Senior Management and solutions

Balance compliance and business objectives
Information, knowledge, and expertise

Part IV: AML/CFT Challenges faced by the Board and Senior Management and solutions

Balance compliance and business objectives
Information, knowledge, and expertise

Part V: Cost of non-compliance

Part VI: Case studies & lessons learned from compliance failures and enforcement actions

Q&A session

Who should attend

Members of the Board of Directors of Reporting Persons
Proposed Board Members
Managers of Reporting Persons
Company Secretaries
Money Laundering Reporting Officers
Compliance Officers
Risk Officers

Don’t let opportunities pass you by. Contact us for a free consultation and discover how our Advanced Anti Money Laundering / combating the financing of terrorism (AML/CFT) for financial institution course can protect your business.