Financial Crime Prevention and Anti-Money Laundering Excellence workshop

Description

This training workshop goes in-depth with two complicated areas of AML work and encourages participants to adopt tried and tested measures for their discovery and management. It analyses how domestic and international trade is being subverted by money laundering activities and how serious a threat this is.

The workshop also classifies techniques used to conceal the true origin and beneficial ownership of assets and invites a critical analysis of the vulnerabilities that are exploited. It distinguishes between the major components of the risk-based approach and requires a critical eye to establish how they differ.

What you will learn

• Trade-Based Money Laundering (TBML) Risk Indicators
• Economic sectors and products vulnerable to TBML activity
• Common trade-based money laundering techniques
• Assessment of current trade-based money laundering risks
• Techniques used to obscure beneficial ownership
• Overview of commonly exploited intermediaries
• Overview of vulnerabilities
• Risk-based Approach (RBA)
• Suspicious Activity Reports (SAR)
• Enhanced due diligence (EDD)
• Politically Exposed Persons (PEPs)