Global Markets & Time Zones
CPEs: 24
Instructor: Mark P Taylor
Level: Intermediate
Tuition: £3,495.00
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NEW Implementing Money Laundering, Sanctions and Financial Crime Deterrence Mitigation BNK030

Location: Global Markets & Time Zones

First Date: Mar 25 - 27 2024

Duration: 3 days

Programme Director: Mark P Taylor

All Dates & Locations
Venue Details

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

All our 2024 Live, on-site and live 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.

Need to bring this course in-house? Simply contact us for significant cost savings and dates to meet your business and/or professional development goals.

"Group discussion for brainstorming, shared many useful websites, sanctions most valued topic as rarely Is there too much information on this. Great and useful."
Senior Board Member, Commercial Bank, Egypt
Agenda Highlights

Session 1:  The Scale of the Problem:

Session 2:  The Global Response:

Session 3:  Elements of a Risk Based Approach:

Session 4:  Constructing the Anti-Money Laundering (AML) Framework

Session 5:  Applying a Risk-Based Approach

Session 6:  Roles of Internal/External Audit, etc.

Session 8:  Terrorist Financing

Session 9:  The US Dimension

Session 10:   Financial crime and data mining


"Excellent. Very comprehensive and provided abundant financial crime prevention knowledge. Every topic is providing us with great value."
Risk Manager, HSBC, Taiwan

Money laundering and the financing of terrorism are areas of increasing concern for global business and governments in all major financial markets and developing economic zones.

Designed and  facilitated by a world-class Tier 1 Global Bank risk expert  and author on international anti-money laundering deterrence this course uniquely focuses on the practical objectives and desired outcomes for organisations beyond a traditional emphasis on regulation and a firm’s financial crime frameworks, policies and protocols for mitigating AML, ABC and CFT issues.

Delegates will engage in up-to-the-minute real-world in-depth case studies supported by valuable experience and insights which will enable them to apply learned concepts and create impact immediately to their workplace environment.



"The instructor is very knowledgeable and gave out real cases which helped to understand fraud."
Senior Risk Manager, Citibank, Taiwan
Who Should Attend

Designed primarily for managers and their teams who deal with clients on a day-to-day basis, Internal auditors Compliance specialists Risk Managers Financial Crime Managers Nominated Officers (NO), plus IT, legal and HR managers and staff.

Additional Course Information

What Does It Cover?

The Scale of the Problem

• What is financial crime?
• The size of the problem
• How has financial crime changed during the crisis
• Lessons from recent scandals
• What is “money laundering?”
• Anti-bribery and corruption
• Terrorist financing
• Tax transparency
• What really matters?

Case Study: What are the key considerations and concerns that your Board has with regard oo financial crime

The Global Response

• The FATF and its role
• The non-compliant country list
• The FATF recommendations
• Guidance on correspondent banking
• Risk based approach guidance for the securities sector
• Financing of recruitment for terrorist purposes
• Financial flows from human trafficking
• Concealment of beneficial ownership
• Money or value transfer services
• Virtual currencies
• Corruption
• Prepaid cards, mobile payments and internet-based payment services
• AML and financial inclusion
• BIS standards on money laundering deterrence
• The EU directives including the 5th directive
• Wolfsberg Principles
• Transparency International
• Developing policies

Case Study: What should be the key elements of AML deterrence policies and procedures?

Elements of a Risk Based Approach

• Assessing vulnerabilities and risk
• The Risk Matrix
• Customer due diligence
• Client take on
• Relying on the others and “equivalence”
• Monitoring people by staff and/or IT
• Reporting internal and to law enforcement/local authorities
• The role of the MLRO/Nominated Officer (NO)
• Management Information (M.I.) and oversight

Case Study: Applying risk assessment in practice

Constructing the Anti-Money Laundering (AML) Framework

• Policies
• Roles and Responsibilities
• Senior Management and M.I. requirements
• The MLRO/NO (or equivalent) challenge!
• Risk Assessments and Procedures
• Training and Awareness
• Warning signs
• Monitoring and record keeping
• Data mining
• Reporting and dealing with the authorities
• Review and evaluation

Case Study: Compare AML frameworks – what really works?

Applying a Risk-Based Approach

• Complications of PEPs
• Enhanced due diligence
• Offshore “situations” and issues
• Due diligence (on-going)
• Record keeping
• Training
• Monitoring
• Reporting
• Questions/Feedback/Discussion

Case Study: When is a Pep a PEP and what this is likely to mean. Practical documentation driven case study

Roles of Internal/External Audit, etc.

• The 3 lines model and financial crime deterrence
• Providing Assurance
• Adding Value
• A common understanding of risk
• Lessons from UK and global failures
• The contribution of H.R., Training, Risk, I.T. and others

Case Studies: Consider real cases and identify the actions that should have been taken.

International Sanctions

• The sanctions regime
• Sectoral sanctions
• The UN and EU and local legislation
• Purposes of Sanctions
• Sanctions risks
• Linkage to ML and other financial crime

Case Study: Dealing with warning signs

Terrorist Financing

• What is a terrorist?
• Nature of financial activity
• Warning signs to look out for
• Types of business which might be a concern
• Where is information available?
• Additional activity required
• Building an appropriate structure
• Conducting the investigation

Case Study: Develop a series of warning signs to identify terrorist financing concerns

The US Dimension

• Extra territoriality- US PATRIOT ACT
• OFAC and Enforcement
• FCPA, bribery and corruption

Case Study: Review examples of US cases – what went wrong?

Session 10:   Financial crime and data mining 

  • Structured vs. unstructured data
  • The challenge of data mining and financial crime
  • Opportunities
  • Non-statistical approaches
  • Understanding and using the psychology of financial crime
  • Common indicators
  • A data mining framework
  • Detecting and combating money laundering activities
  • Data mining and fraud detection
  • Data mining and other types of financial crime
  • Tax evasion
  • Corruption
  • Insider dealing, market abuses
  • Using the results of Data Mining for investigations and prosecutions 

Case Study:  Where is data mining of greatest importance?  Who should be responsible for undertaking this work?

Learning Objectives

By the conclusion of this course delegates will have gained not only a thorough understanding of the nature of financial crime regulation, risks and obligations but as importantly learned the mitigating controls and how to action them within a bank, specifically

  • What money laundering and terrorist financing really are.
  • The techniques used by money launderers and terrorist financiers
  • The rules and regulations applying and the issues relating to suspicion and reporting.
  • The role of sanctions and sanctions risk
  • The key elements of the risk-based approach
  • The control structures they would wish to employ in their bank.
  • The role of data mining and the value it can add
  • The role of warning signs
  • How to deal with concerns

All delegates completing the course will receive a personalised, dated Risk Reward CPD accredited Certificate in the Implementation of Money Laundering, Sanctions & Financial Crime Deterrence Mitigation in Banks.

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.)


NEW Implementing Money Laundering, Sanctions and Financial Crime Deterrence Mitigation

Course Fee

Apply 10% discount code RISK10 by December 15, 2023 at check-out

Course Fee (per person):
GBP £3,495.00 (+ UK VAT when applicable)

Number of delegates:

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