BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:393@x8ti.com DTSTART;TZID=Europe/London:20261214T090000 DTEND;TZID=Europe/London:20261218T130000 DTSTAMP:20260211T195643Z URL:https://x8ti.com/event/anti-money-laundering-aml-compliance-team-level -ii-4/ SUMMARY:Anti Money Laundering (AML) Compliance Team – Level II DESCRIPTION:Course Overview\nMoney laundering is a clear and present danger that globally continues to pose a significant threat to governments\, fin ancial institutions\, and businesses alike. As a result\, financial instit utions\, banks\, and corporations across the globe are required to set in place a BSA/AML Compliance Program.\n\nAn Anti-Money Laundering Compliance Program for any corporation or financial institution states all the effor ts and steps taken by them in order to keep in line with regulatory AML po licies in their legislative and legal environment (state\, national\, and international AML laws). An AML Compliance Program is aimed at keeping in check illicit financial activities\, such as: fraud\, money laundering\, a nd terrorist financing.\n\nThe governance and success of this program rest s responsible upon the Compliance team. In the Anti Money Laundering world of compliance\, these personnel are referred to as the second line of def ense\, the “behind-the-scenes-operators”\, these folks develop policie s and procedures\, devise templates\, reports\, tuning mechanism\, custome r questionnaires and requirements\, alongside the technologies necessary t o streamline KYC and AML processes.\n\nThe compliance team is responsible for setting risk categories and monitor ongoing Suspicious Activities Repo rting.  They are responsible for tracking any willful or unwell violation s of oversight in following the set national regulations that poses a thre at for financial institutions.  An AML Compliance Program supports busine sses to keep track of transactions and flag off any illegal financial acti vities to the concerned authorities.\n\nInstitutions are charged with heft y penalties or fines for lack of compliance. This being a common issue glo bally for financial institutions as keeping up with AML compliance can be difficult\, especially for uninformed and not-updated compliance teams.\n\ nA successful compliance team are the ones that are aware of the latest re gulations and laws\, both regional and international\, which are subject t o updates and changes frequently. To address this issue\, there’s a know n best practice also\, considered a ‘Third Pillar’ of an AML complianc e program\, i.e. Staff Training. A well informed and appraised Compliance team stays informed and keeps track of changing regulations\, as well as t he changing nature of businesses\, regional jurisdictions\, their risk pro files\, systems and processes.\n\nThe success of an AML/BSA compliance hin ges on essential indicators such as strong internal processes\, as well as strict risk assessment of clients based on their industry and type of bus iness.\n\nHowever\, the most important factor to build an effective AML Co mpliance Program is in fundamental regulatory and legal understanding\, ex ecuted by knowledgeable professionals who are qualified to create a system that ensures compliance at each organizational level.\n\nThis Xcelerate m asterclass for Compliance professionals is aimed to cover all aspects from the basics to advance of Anti-Money Laundering compliance creation\, gove rnance\, tuning\, upgrading and efficacy.\nCourse Objectives\nAs the indus try understanding prevails that AML compliance is imperative for financial institutions and corporates alike. The priority one item on the agenda is outlining definitive corporate policies for requisite compliances such as BSA/AML\, in order to minimize the risks for the institution to be used f or illicit financial activities by its customers.\n\nFor any organization aiming to create an enterprise-wide climate for compliance\, or having a s ystem that is robust for compliance adherence\, is successful in keeping c hecks on illegal activities\, such as money laundering and terrorist fin ancing.\n\nA well knowledgeable compliance director and their teams are aw are of both legal and fiscal repercussions of being involved in or enablin g such dealings for corporations and financial institutions. Non-complianc e is often met with heavy fines and legal consequences.\n\nAfter completin g this course\, the Compliance team and compliance representatives from ea ch department will learn all facets of running a good AML Compliance Progr am that includes:\n\n Designing and running Internal operations and regul ations governance\n Customer vetting\, onboarding and processing policies \n Account Operations monitoring\, general reviews and reconciliations\n Transaction monitoring\, case detection\, reporting protocol\, SAR/STR/CT R filing\n Developing robust AML Compliance Standards\n Analyzing legal obligations and potential risks\n Working knowledge of acquiring and adop ting adequate technology\n Developing an industry/organization-specific t raining material\n Overview of Legal advisory for consulting and defense\ n Understanding the independent audit process and the importance of condu cting routine checks is an effective way\, to understand the shortcomings of their risk assessment and compliance program\n\nTraining Methodology\nT his is an interactive training course and will consist of the following tr aining approaches:\n\n Lectures\n Webinars/Seminars &\; Presentations \n Group Discussions\n Bod &\; Sr. Mgmt. Consulting sessions\n AML K YC Policy Documentation Analysis\n Compliance Team Focus Group Discussion s\n\nOrganizational Benefits\n\n Reduce the risk of non-compliance\n Ste er the institutions away from heavy fines\, penalties and reputation damag e\, which\, in turn\, result in loss of customers and revenue\n Keep a ch eck on the illicit use of the organization and linkage to criminal financi al networks\n Monitor\, detect and report suspicious activities that indi cates possible money laundering\n In all ensure compliance that is effect ive\, dynamic\, scalable\, and adaptable\n Designing and implementing an effective program\, that refers to a set of policies and procedures that w ork for the organization’s unique AML requirements\n The resultant effe ct of this course is a strong foundation of internal values to guide emplo yees at each and every level of the organization\n Learn organizational v ulnerabilities from the point of view of risk factors like nature\, divers ity\, complexity\, scale\, volume\, and size of its business and operation s\n Set Internal privacy and security guidelines\n Gain an understanding in streamlining Audit function of the organization with well-tuned system s\n\nPersonal Benefits\n\n Understanding the movement in a compliance env ironment and enhance your career by selecting to master one of the branche s in this vast subject\n Career advancement into AML/BSA compliance\n Ca ndidates with a proper hold on the subject matter can be considered for mo re responsible positions in the organization\n Compliance responsibility is usually carried out by the Compliance Officer\, also seen as an advisor to the senior management and Board Members\n Understand the financial cr ime landscape and implement it in personal life and financial dealings to stay safe and legally secured\n As the Designated Director\, Compliance O fficer or the MLRO have personal liabilities in case of non-compliance\; k nowing the compliance in-depth is obviously of personal value\n Become an expert with knowledge of compliance regulations\, knowledge of important regulatory databases\, compliance analysis methods\, and knowledge of inte rnal risk audits\n\nWho Should Attend?\nThis course offers complete knowle dge in AML/KYC regulations\, compliance\, assessment and management.  The following individuals or groups will benefit from it:\n\n Designated Dir ector / MLRO / Compliance Officer\n Compliance personnel\n Legal team / retained-external counsel\n Compliance representatives or appointed point of contact from each department\n Internal Auditors\n Financial advisor s to the Board of Directors\n HNI operations Hood\n Human Resource dept. Hood\n Marketing dept. Hood\n Private Banking and relationship Hood’s \n\nCourse Outline\nSetting an AML/CFT Compliance Program\n\n AML/CFT Pro gram\n The Elements of an AML/CFT Program\n Structuring the Compliance F unction\n A Programmed of Internal Policies\, Procedures and Controls\n Assessing AML/CFT Risk\n– AML/CFT Program\n– AML/CFT Training\n– Est ablishing a Culture of Compliance\n\n \;\nRisk Assessment\n\n Assessi ng AML/CFT Risk\n Maintaining an AML/CFT Risk Model\n Understanding AML/ CFT Risk\n AML/CFT Risk Scoring\n Assessing the Dynamic Risk of Customer s\n AML/CFT Risk Identification\n– Customer Type\n– Geographic Locati on\n– Products/Services\n\nThe Designation and Responsibilities of a Com pliance Officer\n\n Appointment of Designated Director\n Communication\n Delegation of AML Duties\n Compliance Officer Accountability\n\nStaff T raining\n\n AML/CFT Training\n– Components of an effective training pro gram\n– Who to Train?\n– What to Train on?\n– How to Train?\n– Whe n to Train?\n– Where to Train?\n\nVendor Services Procurement\n\n Exter nal Audit\n Training &\; Testing\n MLRO Support\n On-going consultin g – New circular interpretations\n Technology (Procurement)\n Risk Ass essment System – Transaction Monitoring System – Sanctions Screening S ystem – Beneficial Ownership Tracker\n\nIndependent Audit\n\n Evaluatin g an AML/CFT Program\n All the governance parameters\n Compliance Office r’s Management\n Compliance Structure\n Compliance Staff and efficacy\ n Compliance function efficacy\, procedures and documentation\n Adherenc e to the Recommended AML/BSA program\n\nSanctions Screening\nEconomic Sanc tions\nUNITED NATIONS | EUROPEAN UNION | UNITED STATES\n\n Sanctions List Screening\n Politically Exposed Persons Screening\n Beneficial Ownershi p\n Know Your Employee\n\nSources of Investigations\n\n Regulatory recom mendations or Official findings\n Transaction Monitoring\n Referrals fro m customer-facing employees\n Internal Hotlines\n Negative media informa tion\n\nConducting the Investigation\n\n Utilizing the internet when\n C onducting financial investigations\n STR Decision-Making Process\n Filin g an STR\n Quality Assurance\n STR filing oversight/escalation\n Closin g the Account\n\n \; ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2024/09/Scre enshot_20240917-143536_Chrome.jpg CATEGORIES:Audit, Compliance and Governance LOCATION:London Training Courses\, The Ritz London Hotel\, London\, UK\, Un ited Kingdom X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=The Ritz London Hotel\, Lon don\, UK\, United Kingdom;X-APPLE-RADIUS=100;X-TITLE=London Training Cours es:geo:0,0 END:VEVENT BEGIN:VTIMEZONE TZID:Europe/London X-LIC-LOCATION:Europe/London BEGIN:STANDARD DTSTART:20261025T010000 TZOFFSETFROM:+0100 TZOFFSETTO:+0000 TZNAME:GMT END:STANDARD END:VTIMEZONE END:VCALENDAR