Introduction to Money Laundering Deterrence 

• The key issues in money laundering deterrence today
• Areas of particular concern
• The issues of governance
• The key concerns to be addressed
• The goals of money laundering deterrence
• Responsibilities and management
• Reporting and monitoring
• Developing and using warning signs
• Using structured and unstructured data  

The EU 5^th AML Directive – The Key Changes 

• The EU Directives
• History and timetable for implementation of the 5^th Directive
• Obligated entities and additional service providers
• Electronic money
• Prepaid cards
• Politically exposed persons
• Who is a PEP and does this matter?
• Customer due diligence
• Enhanced due diligence
• Beneficial ownership registers
• Information sharing
• High risk countries obligations
• What is now a high-risk country? 

The EU 6^th AML Directive 

• History and timetable for the implementation of the 6^th Directive
• The predicate offenses
• Regulatory harmonisation
• Regulatory scope
• New areas of concern
• Cooperation
• Criminal liability
• Money laundering punishments
• Screening obligations
• What will this mean for a firm? 

 FATF Guidance 

• Changing landscape post COVID
• COVID related risks and responses
• FATF Lists
• Virtual currencies and stablecoins
• Risk based guidance on the real estate sector
• Proliferation risk assessment and mitigation 

Lessons from recent cases 

• CPS guidance on offenses
• Recent cases including
  • Monzo
  • Capital One
  • Credit Suisse
  • NatWest Group
  • Deutsche Bank
• The lessons for internal control

Key Trends in Money Laundering Deterrence

• The use of technology
• The role of artificial intelligence
• Automation of AML monitoring
• Data mining and investigation
• Integration with sanctions and other financial crime risks
• Transaction reporting
• Beneficial ownership 

Combatting Financial Crime

• Roles and responsibilities
• The 3 lines model
• Corporate governance
• The role of the MLRO
• The role of risk management
• The 3^rd line model responsibilities
• Building and implementing a successful framework
• Warning signs
• Investigation and incident management
• Reporting

Discussion, Q&A and Summary

END

By the conclusion of this event delegates will have gained specialist technical and behavioural knowledge, and the application of 

• The recent and distinctive changes in the nature and growth of financial crime
• Areas of particular concern and hot spots
• The EU 5^th and 6^th Money Laundering Directives and their impact on your business
• The challenges that are likely to be faced
• The key elements of the implementation project
• Recent cases and lessons to be learnt
• Update on FATF guidance
• The key elements of the AML framework

Delegates who complete the course will receive an Certificate in New Trends in Money Laundering Deterrence and the 6th Money Laundering Directive: Regulations and Impact with CPD points (16) . For those who require a demonstration of competency an optional 20 multiple choice question timed assessment, remotely invigilated, with a results report and one resit is included in the price when requested at time of booking.

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.)