Bankers Committee members pay $ 1,950.00 only
In recent times, the world has experienced a phenomenal growth of financial services and activities. This growth has led to increased cross border activities, with enhanced global financial intermediation.
Unfortunately, this development has been accompanied by a spate of transnationally-organized crimes, including Money Laundering and Terrorist Financing (ML/TF).
Given the potential negative impact of AML/CFT infractions on the socioeconomic development of any economy, financial institutions are known to have significant roles to play in complying with these regulations and in developing appropriate mechanisms to tackle this menace, minimise negative impact, and restore confidence in the system. Also, best practice requires that financial institutions undergo periodic self-assessments of their compliance status to the AML/CFT regulations, in line with statutory guidelines and requirements, to bridge identified gaps, address inherent challenges, and avert likely consequences and sanctions.
In furtherance to this and ensure compliance to statutory guidelines, organizations must understand these statutory requirements and upscale their institutional capacities to effectively and efficiently monitor and manage likely impact of non-compliance for a strong viable financial system, unsusceptible to internal and external threats.
Financial System Operators, Inspectors, Compliance Officers, Portfolio/Treasury Managers, Insurance Executives, Financial and Investment Advisers/Analyst, Enforcement Officers, Managers and Officers in Internal Control and Audit functions from Banks and non- bank financial institutions.
At the end of the course, participants should be able to effectively:
- Evaluate the Money Laundering Act 2011 and its Implications in case of infractions;
- Examine the roles and responsibilities of Compliance Officers in anti-money laundering enforcement;
- Construct a comprehensive Anti-Money Laundering Framework for individual organizations;
- Develop risk profiling in risk rating;
- Discuss the global dimension of money laundering and financing of terrorism Effectively carry out their roles and responsibilities in the effective implementation of the Money Laundering Prohibition Act;
- Identify the need for KYC and the key requirements for Customer Risk;
- Utilise techniques of recognising and reporting suspicious transactions; and
- Examine the role of the financial system as an instrument of curtailing money laundering and financing of terrorism.
- Overview of the Money Laundering Act 2011: Implications for Financial Institutions
- Money Laundering Techniques and the Vulnerabilities of Financial Services Products
- Duties and Responsibilities of Compliance Officers in the Anti-Money Laundering Enforcement
- Recognition, Handling and Reporting of Suspicious Transactions
- Designing a Comprehensive Anti-Money Laundering Framework
- Customer Risk Profiling and Know your Customer (KYC) in Practice***
- Anti-Money Laundering Crusade: The Role of NFIU
- Curtailing Money Laundering and Financial Crimes through Multi Agency Collaborative Approach
- Mitigating Risks and Vulnerabilities to Money Laundering
- Engendering an Effective Compliance Structure and Maintaining a High Level of Awareness
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