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London, Europe, USA East Coast Time Zones
CPEs: 16
Instructor: Dennis Cox
Level: Intermediate
Tuition: £1,295.00
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NEW 5th Money Laundering Directive & the Impact on Banks CPR049

Location: London, Europe, USA East Coast Time Zones

First Date: Aug 03 - 04 2021

Duration: 2 days/16 hours

Programme Director: Dennis Cox

All Dates & Locations
Venue Details

Experience the highly-interactive, expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.

All our 2021 Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.

"Excellent. Very comprehensive and provided abundant Financial Crime Prevention knowledge. Every topic is providing us with great value."
VP Compliance, HSBC, Taiwan
Agenda Highlights

 Session 1: The Background

Session 2: Scope Changes (Article 2 Amendments)

Session 3: Detailed Scope Changes (Article 3 and 9 Amendments)

Session 4: Electronic Money (Article 10  and 12 Amendments)

Session 5:  Beneficial Ownership and CDD (Article 13 and 14 Amendments)

Session 6:  Enhanced Due Diligence (Article 18 Amendments)

Session 7:  Correspondent Banking etc (Article 19 and 20 Amendments)

Session 8:  Beneficial Ownership Requirements (Articles 27 and 30 Amendments)

Session 9:  Trusts (Article 31 Amendments)

Session 10:  Other Matters & the Future

"Group discussion for brainstorming, shared many useful websites, sanctions most valued topic as rarely is there too much information on this. Great and useful."
Head of Compliance, Citibank, Taiwan
Overview

Just when you thought you were on top of money laundering deterrence we get a new directive from the EU.

The 5th Money Laundering Directive (5AMLD) was transposed into national law on January 10, 2020. Building on the regulatory regime applied under its predecessor, 4AMLD, 5AMLD reinforces the European Union’s AML/CFT regime to address a number of emergent and ongoing issues.

The impact of these regulations is far-reaching.  The 5th money laundering directive builds upon its predecessors but enhances guidance in a number of areas specifically cryptocurrency for the first time and considers both the exchanges and the wallet providers.

Tier 1 Global Banking matter expert- led, this practical, applications focused and intensive programme looks at all of the key issues within 5AMLD and considers the implications that they are likely to have in practice.

"Great insight into the AML topic. Good explanation of the topics."
Head of Compliance, VISA, Johannesburg
Who Should Attend

Designed primarily for those with roles and responsibilities in Compliance, Risk and Control functions yet equally of interest to Legal, HR, IT and Operations teams.

Additional Course Information

What Does It Cover?

Why did we need a new directive?, Transposition into national law timetable, Linking organised crime and terrorism, Exchange services and virtual currencies, Anonymity, High-risk third-party counties, FIUs, PEPs, Trusts, Transparency, Existing article 2, Tax advice, Estate agents, Wallet providers and similar issues, Existing Article 3, Trusts, Electronic money, Terrorist financing, Existing Article 9, Third-party country obligations, Existing Article 10, Anonymity, Scope, Existing Article 12, New limits, Electronic money, Existing Article 13 and 14, Identification, Beneficial ownership, Existing customer CDD, Existing Article 18, Higher risk customers, Enhanced due diligence, Unusual transactions, Enhanced due diligence obligations, High-risk third countries, Subsidiaries, branches and representative offices, Existing Articles 19 and 20, Cross border correspondent banking, Prominent public functions, Existing Articles 27 and 30, Identification, Beneficial ownership, Data requirements, FIU access and registers, Limitation and much more.

Learning Objectives

All delegates completing the course will receive a personalised, dated Risk Reward CPD accredited Certificate in  the 5th Money Laundering Directive & the Impact on Banks.

By the conclusion of this course delegates will understand the key issues inherent in the implementation of the 5th money laundering directive and the actions that any bank will need to take to ensure compliance.  Specifically by the conclusion of the event delegates will have considered the impact on their operations, policies and procedures from the regulatory changes regarding:

  • Enhanced due diligence
  • Peps
  • Electronic money
  • Terrorist financing
  • Beneficial ownership
  • Correspondent banking
  • Trusts

Expert-led, live, group case studies offer on -the- job- training style learning and application for your workplace, include as part of each session

Case Study:  What actions should a bank take as a consequence of these requirements?

 

 

 

 

 

Social Learning & Methods

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.

(An invitation via email with access link is included for all participants.)

Registration

NEW 5th Money Laundering Directive & the Impact on Banks

Course Fee

Early Bird Discounts of 10% available by June 15, 2021

Course Fee (per person):
GBP £1,295.00 (+ UK VAT when applicable)

Number of delegates:

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Terms and Conditions: You can cancel at any time. Due to the on-going COVID 19 environment cancellations may be made at any time for either a full refund or a credit towards another event occurring within the following 6 month period. Simply email or telephone the London Client Services team at training@riskrewardlimited.com to advise your preference and we will do our best to accommodate your circumstances. Risk Reward Ltd receives the right to a final decision in the event of a dispute.

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