Catalogue

Anti Money Laundering (AML) and KYC in Banking - Directors and Senior Executives version

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Description

Introduction

Our proximity to financial institutions and the work of experts in our quality circles enables us to offer you content that is always up to date in a constantly changing regulatory environment.

Programme

Module 1 - Money Laundering

  • Definition

  • Predicate Offences

  • Placement, Layering and Integration

  • Scale of Money Laundering

  • Social Impact of Money Laundering

Module 2 – Combating Terrorist Financing

  • Definition

  • Terror Attacks and Costs

  • Vulnerable Organisations

  • Comparison with Money Laundering

Module 3 – Proliferation Financing

  • Definition

  • UN Resolution

  • Global Security

  • Red Flags

Module 4 – Anti-Money Laundering

  • Definition

  • Global Stakeholders

  • FATF

  • FATF 40 Recommendations

  • Mutual Evaluation

  • FSRBs

  • FIU Definition & Functions

  • AML Summary

Module 5 – AML / CTF Basics

  • Board Responsibility

  • Compliance Responsibility

  • Policies and Procedures

  • Risk Based Approach

  • Risk Levels

  • Identification and Verification

  • Beneficial Owners

  • PEPS and Definition

  • Screening Process and Challenges

  • High Risk Jurisdictions

  • Document Retention

  • Suspicion

  • Tipping Off

  • Reporting

  • Red Flags

Module 6 – Sanctions

  • Client Screening

  • Sanctions Definition

  • Freezing Regime

  • Screening Lists

  • Screening Challenges

  • Economic Sanctions

Module 7 – AML Consequences

  • Global Penalties

  • Causes for Penalties

  • 5 Case Studies 2021

  • Reputational Damage

  • Impact on Employees

Module 8 – AML / CTF in the EU

  • European Stakeholders

  • EU Directives

  • 4th Directive

  • Consequences of the 4th Directive

  • Enlarged Scope

  • Risk Assessment

  • Beneficial Owners

  • EU Guidelines

  • 5th Directive

  • 6th Directive

Module 9 – AML / CTF in Luxembourg

  • Mutual Evaluation 2010

  • Mutual Evaluation 2022

  • 2022 Assessment Criteria

  • National Risk Assessment

  • Local Stakeholders

  • Local Laws

  • Luxembourg Predicate Offences

  • Register of Beneficial Owners

  • Luxembourg Sanctions and Penalties

  • CSSF inspections

  • CSSF Fines and Penalties

  • FIU Luxembourg

Module 10 – Tax Crimes

  • FATF and Tax Crimes

  • Tax Crimes as Predicate Offences

  • Tax Offences

  • Sanctions and Penalties

  • 21 Common Indicators

Module 11 – Directors and Senior Executives

  • AML Policies

  • Director Worry List

  • What is Compliance

  • Director To Do List

  • Assurance Function Communication


Access to training

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Modalités

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