With a zero tolerance level in Money Laundering and associated large regulatory penalties for non compliance, Banks and other Financial Institutes are spending immense time, effort and money to achieve compliance. Needless to say, it is still not enough. The Black Swan can enter into any Financial Institute’s Branch on any given day and sting the Bank by surprise.
The implementation of a formal and a structured AML Mitigation and oversight system and processes that effectively identify, assess, and manage such risk within acceptable levels is a challenge. Therefore, awareness about the menace of money laundering and thorough understanding of the antimony laundering process and its current trends at all levels of staff of a bank/FI are ever growing necessities.
Awaiting your valuable nominations/enquiries to make the programs mutually beneficial and successful. Please email manoj.jain@riskpro.in or contact at 98337 67114 for more details.
Program Highlights
Let the experts guide you on the best practices in Anti Money Laundering
Perspective from RBI, FIU- IND, Income Tax and more
Global regulations around AML/KYC
Indian regulations and latest reforms
How to avoid any kind of surprises
Linking AML compliance to Reputation Risk, Social Media Risk
Dodd Frank Act, US Patriot Act
What it takes to say “NO” to profitable and abundant business
Speakers and Panelist
Guest speakers from Regulatory Authorities
Risk Management and Banking Experts
Manoj Jain, Director and Co Founder, Riskpro India
Hemant Seigell, Director, Riskpro India
R Muralidharan, ex DGM - Risk Management, Bank of Maharashtra
Hemlatha Mohan, ex Country Head ORM, ING Vysya Bank
Prasanna Rath, ex Head of Risk, TAIB Bank, Bahrain
Prominent AML experts as panelist
This presented is aimed at AML/CTF practitioners who would need quick reminders of the basics of AML. Tools are not very useful if the underlying basics are unknown.
E-book: How to manage Anti-Money Laundering and Counter Financing of Terroris...Jitske de Bruijne
Financial Institutions continue to face heightened fines and regulatory scrutiny over their AML/CFT Programs. This e-book helps you to manage AML/CFT Programs.
This presented is aimed at AML/CTF practitioners who would need quick reminders of the basics of AML. Tools are not very useful if the underlying basics are unknown.
E-book: How to manage Anti-Money Laundering and Counter Financing of Terroris...Jitske de Bruijne
Financial Institutions continue to face heightened fines and regulatory scrutiny over their AML/CFT Programs. This e-book helps you to manage AML/CFT Programs.
Basics of Anti-Money Laundering : A Really Quick Primer
What is Money Laundering?
The act of concealing or disguising (laundering) of funds obtained through illegal activity
so that they appear to have been generated through legal, legitimate sources.
How is it Carried Out?
Shell companies, intermediaries and money transmitters usually transfer these funds around the world Banks and other financial institutions are the chosen medium for laundering these illegal funds
AML Regulations:
The Bank Secrecy Act is the most important Anti-Money Laundering (AML) regulation
The BSA requires financial institutions to:
Keep records of cash purchases of negotiable instruments
File reports of cash transactions exceeding $10,000 (daily aggregate amount)
Report suspicious activity that might signify money laundering, tax evasion, or other criminal activities
Implement a written, board-approved compliance monitoring program
The USA Patriot Act
Expands AML requirements to all financial institutions
Augments existing BSA framework
AML Best Practices:
In order to combat money laundering, banks should implement the following best practices:
Customer Identification Program (CIP)
Customer Due Diligence (CDD) Program
Bank Secrecy Act/Anti-Money Laundering Risk Assessment
Identification and Reporting of Suspicious Activity
Want to learn more about anti-money laundering process and best practices? ComplianceOnline webinars and seminars are a great training resource. Check out the following links:
http://www.complianceonline.com/anti-money-laundering-aml-compliance-program-seminar-training-80114SEM-prdsm?channel=amlppt
http://www.complianceonline.com/bsa-aml-ofac-risk-assessments-regulatory-requirements-seminar-training-80181SEM-prdsm?channel=ppt
http://www.complianceonline.com/bsa-aml-compliance-reporting-requirements-webinar-training-703352-prdw?channel=amlppt
http://www.complianceonline.com/bsa-aml-compliance-checklists-webinar-training-703178-prdw?channel=amlppt
http://www.complianceonline.com/bsa-aml-ofac-risk-assessments-and-evaluation-compliance-program-webinar-training-703493-prdw?channel=amlppt
http://www.complianceonline.com/best-practices-for-developing-risk-models-for-aml-bsa-monitoring-webinar-training-703628-prdw?channel=amlppt
This is my presentation about what is money laundering crime and what is the role of financial institutions in the fight against it. I used it during my speech for a bunch of Business School Students (ISM).
The presentation provides overall insight of operational fraud risk management. It explains the operational fraud risk and mitigation strategies. The role of Internal audit and audit committee is further exemplified
Understanding Money Laundering and Fraud Risks of Wire TransfersAlessa
WATCH WEBINAR: https://www.caseware.com/alessa/webinars/fraud-risks-wire-transfers/
Wire transfers have long been the tool of choice for money launderers and fraudsters. To mitigate these risks to the financial institutions they serve, AML compliance and fraud professionals must understand how wire transfers work, both in the U.S. and globally, as well as be able to recognize the red flags in wire transfer transactions that may indicate money laundering or fraud is taking place through a customer’s account.
In this presentation, Laurie Kelly, CAMS shares her knowledge and experiences gained from 20 years in leading the AML, fraud, and sanctions compliance functions for a $130 billion U.S. financial institution that processed 12,000 to 15,000 wire transfers per day. Attendees will learn about the mechanics of wire transfers, both in the U.S. and globally, and how wire transfers differ from other types of money movement methods. She will then discuss the FinCEN “Travel Rule”, as well as sanctions screening best practices for wire transfers. Finally, Laurie will explore the money laundering and fraud risks and red flags associated with wire transfers and ways to mitigate them.
About Alessa, a CaseWare RCM product:
Alessa is a financial crime detection, prevention and management solution offered by CaseWare RCM Inc. With deployments in more than 20 countries in banking, insurance, FinTech, gaming, manufacturing, retail and more, Alessa is the only platform organizations need to identify high-risk activities and stay ahead of compliance. To learn more about how Alessa can help your organization ensure compliance, detect complex fraud schemes, and prevent waste, abuse and misuse, visit us at caseware.com/alessa.
Connect with us online:
Visit the Alessa WEBSITE: https://www.caseware.com/alessa/
Follow Alessa on LINKEDIN: https://www.linkedin.com/caseware-alessa
Follow Alessa on TWITTER: https://twitter.com/casewarealessa
SUBSCRIBE to Alessa on YouTube: http://tiny.cc/Alessa
AML and KYC Compliance: Why is it so CrucialFinarm
Security is the key point of every business. Organizations employ all the best practices, preventing a data breach and financial fraud. These include KYC and AML.
Learn more about these services from our presentation!
Presentation given for Crowe Horwath Auditor's training session on 26/03/2016.
AML regulations are applicable to professional service providers also. See the presentation for more information
Basics of Anti-Money Laundering : A Really Quick Primer
What is Money Laundering?
The act of concealing or disguising (laundering) of funds obtained through illegal activity
so that they appear to have been generated through legal, legitimate sources.
How is it Carried Out?
Shell companies, intermediaries and money transmitters usually transfer these funds around the world Banks and other financial institutions are the chosen medium for laundering these illegal funds
AML Regulations:
The Bank Secrecy Act is the most important Anti-Money Laundering (AML) regulation
The BSA requires financial institutions to:
Keep records of cash purchases of negotiable instruments
File reports of cash transactions exceeding $10,000 (daily aggregate amount)
Report suspicious activity that might signify money laundering, tax evasion, or other criminal activities
Implement a written, board-approved compliance monitoring program
The USA Patriot Act
Expands AML requirements to all financial institutions
Augments existing BSA framework
AML Best Practices:
In order to combat money laundering, banks should implement the following best practices:
Customer Identification Program (CIP)
Customer Due Diligence (CDD) Program
Bank Secrecy Act/Anti-Money Laundering Risk Assessment
Identification and Reporting of Suspicious Activity
Want to learn more about anti-money laundering process and best practices? ComplianceOnline webinars and seminars are a great training resource. Check out the following links:
http://www.complianceonline.com/anti-money-laundering-aml-compliance-program-seminar-training-80114SEM-prdsm?channel=amlppt
http://www.complianceonline.com/bsa-aml-ofac-risk-assessments-regulatory-requirements-seminar-training-80181SEM-prdsm?channel=ppt
http://www.complianceonline.com/bsa-aml-compliance-reporting-requirements-webinar-training-703352-prdw?channel=amlppt
http://www.complianceonline.com/bsa-aml-compliance-checklists-webinar-training-703178-prdw?channel=amlppt
http://www.complianceonline.com/bsa-aml-ofac-risk-assessments-and-evaluation-compliance-program-webinar-training-703493-prdw?channel=amlppt
http://www.complianceonline.com/best-practices-for-developing-risk-models-for-aml-bsa-monitoring-webinar-training-703628-prdw?channel=amlppt
This is my presentation about what is money laundering crime and what is the role of financial institutions in the fight against it. I used it during my speech for a bunch of Business School Students (ISM).
The presentation provides overall insight of operational fraud risk management. It explains the operational fraud risk and mitigation strategies. The role of Internal audit and audit committee is further exemplified
Understanding Money Laundering and Fraud Risks of Wire TransfersAlessa
WATCH WEBINAR: https://www.caseware.com/alessa/webinars/fraud-risks-wire-transfers/
Wire transfers have long been the tool of choice for money launderers and fraudsters. To mitigate these risks to the financial institutions they serve, AML compliance and fraud professionals must understand how wire transfers work, both in the U.S. and globally, as well as be able to recognize the red flags in wire transfer transactions that may indicate money laundering or fraud is taking place through a customer’s account.
In this presentation, Laurie Kelly, CAMS shares her knowledge and experiences gained from 20 years in leading the AML, fraud, and sanctions compliance functions for a $130 billion U.S. financial institution that processed 12,000 to 15,000 wire transfers per day. Attendees will learn about the mechanics of wire transfers, both in the U.S. and globally, and how wire transfers differ from other types of money movement methods. She will then discuss the FinCEN “Travel Rule”, as well as sanctions screening best practices for wire transfers. Finally, Laurie will explore the money laundering and fraud risks and red flags associated with wire transfers and ways to mitigate them.
About Alessa, a CaseWare RCM product:
Alessa is a financial crime detection, prevention and management solution offered by CaseWare RCM Inc. With deployments in more than 20 countries in banking, insurance, FinTech, gaming, manufacturing, retail and more, Alessa is the only platform organizations need to identify high-risk activities and stay ahead of compliance. To learn more about how Alessa can help your organization ensure compliance, detect complex fraud schemes, and prevent waste, abuse and misuse, visit us at caseware.com/alessa.
Connect with us online:
Visit the Alessa WEBSITE: https://www.caseware.com/alessa/
Follow Alessa on LINKEDIN: https://www.linkedin.com/caseware-alessa
Follow Alessa on TWITTER: https://twitter.com/casewarealessa
SUBSCRIBE to Alessa on YouTube: http://tiny.cc/Alessa
AML and KYC Compliance: Why is it so CrucialFinarm
Security is the key point of every business. Organizations employ all the best practices, preventing a data breach and financial fraud. These include KYC and AML.
Learn more about these services from our presentation!
Presentation given for Crowe Horwath Auditor's training session on 26/03/2016.
AML regulations are applicable to professional service providers also. See the presentation for more information
FOURTH ANTI MONEY LAUNDERING DIRECTIVE (EU) 2015/849’’Eurofast
4th AML Directive enacted on 25.06.2015
Key changes:
1. Beneficial Ownership
2. Coverage of the gambling sector and tax crimes
3. Definition of Politically Exposed Persons (PEPs)
4. The risk based approach
5. Cash payments
6. Sanctions
7. Third country equivalence
Bovill - the UK financial services regulatory consultancy - runs regular briefings. These are the slides from the February briefing on anti-money laundering. For more information visit http://www.bovill.com/FinancialCrime.aspx.
Information on the event is below:
Taking a company-wide approach to money laundering
“The FCA has made it very clear that responsibility for the overall culture of firms sits at the top. We need leaders and senior managers within the industry to set the tone for how their staff behave.”
Tracey McDermott, Director of Enforcement and Financial Crime, FCA
The regulator has recently reiterated their intention to carry out further thematic and enforcement work in financial crime. However, many firms still have a fragmented approach to managing the risks of money laundering.
The responsibility for preventing financial crime is shared across the firm from the back office to the boardroom. Firms need to take a company-wide approach to tackling money laundering to ensure they are complying with regulation and managing risks effectively.
Bovill’s briefing looked at Anti-Money Laundering (AML), covering:
• Governance arrangements: as the foundation for effective communication and issue resolution
• Risk management: the difficulties of negotiating the right level of due diligence for higher risk customers and what tools can be used to help with this process
• Systems and controls: ensuring that these are fit for regulatory purpose and are appropriately maintained within your firm.
Global and local Implementation
Timeline for early adopters
Integration of CRS into the Cyprus Tax National Law
Entity Classification
Reporting/Non-reporting Financial Institutions (FI)
Defining FI
Depository Institutions
Specified Insurance Company
Custodial Institution
Investment Entities
Defining Non-Financial Institutions (NFEs)
Active NFEs
Criteria of being considered a NFE
Based on Income and Assets
‘Substantially all ’ - Holding Company
‘Treasury Centre’ – Financing Company
Under CRS definitions & examples
Non-profit Organisations
Reporting and Timing
Sanctions for non-Compliance
Strengthening current personal data protection regulation (EU 95/46), GDPR lays down rules relating to protection of natural persons with regard to processing and free movement of personal data. It applies to all entities in EU member states processing personal data by automated means and processing which form part of a filing system. Application of GDPR will be supervised in Belgium by the privacy commission.
This webinar covers:
- An overview of the regulatory landscape and territorial scope
- Principles of the EU GDPR
- Breach notification rules
- Data subject rights
- Changes to consent
- Processor liabilities
- Role of the Data Protection Officer
A recording of this webinar is available here: https://www.youtube.com/watch?v=bEvXj2nhPd0
Is your organisation ready for GDPR? Here's a guide that will not only help you navigate the new regulation, but will also help you achieve a 360-degree view of your customers in the process.
Operational innovations in AML/CFT compliance processes and financial inclus...CGAP
This report contains the findings of a research project to identify and categorize leading operational AML* compliance practices among financial service providers for the identification, verification and ongoing monitoring and management of lower income customers. This project began with the hypothesis that an increasing number of financial service providers with products targeting lower income population segments are reducing client acquisition and monitoring costs, and improving efficiency and effectiveness of the processes in scope.
A robust risk assessment process is central to maintaining a strong Anti-Money Laundering (AML) compliance program. In this new Accenture presentation we explore how financial services firms can set-up an effective process. Visit our fraud and financial crime blog post for more on AML risk assessment program: http://bit.ly/2aPlQQ7
WBR have expanded our buy-side portfolio with our new Risk & Compliance Summit aimed at CRO's & CCO's from key buy-side firms. Do take a look at our draft agenda and get in touch if you want to be a part of this unique C-Level event
How will this EFRM course benefit you?
After completion you will be able to:
• identify risks which could result in fraud
• provide recommendations to executive / senior management in managing fraud risk
• identify warning signs of fraud in operational audits
• develop Fraud ICQ to look at fraud issues
Dear Delegates,
Corporate fraud costs businesses hundreds of millions of dollars each year. It affects livelihoods and is a common
cause of corporate failure. It is the responsibility of the board of directors to prevent fraud by putting in places the
appropriate controls and review procedures. This program shows you why Accounting Information System (AIS)
Threats are ever increasing. Control risks have also increased in the last few years because there are computers
and servers everywhere, and information is available to an unprecedented number of workers. Distributed
computer networks make data available to many users, and these networks are harder to control than centralized
mainframe systems. With the introduction of 3 levels of COSO and value driven ERM, things should be under
control. Recent events at SATYAM proves that in reality things are getting out of control. So, what went wrong ?
Is it time to train the auditors ?
Recognising the challenges that organisations are facing in combating Fraud, CSI In Practice is pleased to present
this 2-days Workshop on Enterprise Fraud Risk Management. This will serve as an excellent opportunity to learn how
best to conduct an internal investigation to protect your organization and step up on controls to deter fraud.
With today’s modern advancements in global banking and financial services technologies and interconnectivity, implementing effective, robust, and proportional Anti-Money Laundering (AML) and Counter the Financing of Terrorism
(CFT) compliance frameworks has grown ever more challenging. Not only must firms be able to implement risk-based assessments that are proportional to the size and nature of a firm’s activities, they must also ensure that these systems
can seamlessly integrate third party systems in order to provide effective monitoring of AML and CFT risks.
This training course has been specifically designed to provide a firm’s compliance and front office employees with highly comprehensive training on AML global trends and challenges, as well as a thorough review of money laundering methods
and ways of concealing beneficial ownership. By attending the training course individuals will be thoroughly trained on global money laundering techniques and will be equipped to be able to
more effectively carry out internal client AML and CFT checks and risk assessments. The training course provides practical and interactive training combined with contextual case studies
to exemplify global AML and CFT practices.
MENA Mortgage Summit (27 - 29 October, 2014 in Dubai) is a great platform to gain critical market information and frame proven strategies to minimise risks, increase profitability and capitalize on this growth.
MENA Mortgage Summit is a comprehensive gathering of senior regulators, authorities and mortgage professionals. The summit will provide an in-depth insight into the changing mortgage landscape across the region as well address the regulatory, strategic and financing challenges mortgage professionals face. It delivers banks and independent mortgage providers with strategic insight and techniques to overcome financing, structuring and recovery challenges effectively.
The last couple of years has seen a huge change in mortgage regulations and has seen dramatic increase in sales volumes and values across the region. This increase has created enormous opportunities for the mortgage industry. However, strict regulations, a continued lack of efficient consumer data and limited recourse opportunities make this a challenging market for profitable growth.
MENA Mortgage Summit will pack you with the best practices and first hand updates on the Mortgage Regulations, Managing Risks, Lack of financing, Product Innovation, Islamic Mortgage Structure and Reliable Credit Information.
New Insights And Practical Techniques For Measuring, Managing And Embedding Strategic, Credit, Market, Liquidity And Operational Risks. Providing regional practitioners with critical updates on the latest risk management landscape, up-to-date coverage of regional and international regulations,
as well as strategic insight and practical techniques to help improve risk design, management and implementation capabilities in financial institutions.
http://risk2014.iirme.com/en/Site-Root/
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the what'sapp contact of my personal pi vendor
+12349014282
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the what'sapp contact of my personal pi merchant to trade with
+12349014282
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the what'sapp number of my personal pi merchant who i trade pi with.
Message: +12349014282 VIA Whatsapp.
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
1. Anti Money
Laundering
Practices
“Are we doing enough to protect integrity
of Indian financial sector?”
July 10 – July 11
Mumbai: The Mirador Hotel,
Andheri East
July 18 – July 19, 2013
Bangalore
August 20-August 21, 2013
Delhi
June 6 - June 7, 2013 (Concluded)
Chennai: Hotel Savera, RK Salai
Risk Management and
Compliance Heads
Practicing professionals
Wealth Mangers, Broker Dealer
Professionals
Business Heads, Operations Head
Branch Managers
Internal Auditors
External Consultants
Program Highlights
Let the experts guide you on the best practices in Anti Money
Laundering
Perspective from RBI, FIU- IND, Income Tax and more
Global regulations around AML/KYC
Indian regulations and latest reforms
How to avoid any kind of surprises
Linking AML compliance to Reputation Risk, Social Media Risk
Dodd Frank Act, US Patriot Act
What it takes to say “NO” to profitable and abundant business
Speakers and Panelist
Guest speakers from Regulatory Authorities
Risk Management and Banking Experts
Manoj Jain, Director and Co Founder, Riskpro India
Hemant Seigell, Director, Riskpro India
R Muralidharan, ex DGM - Risk Management, Bank of Maharashtra
Hemlatha Mohan, ex Country Head ORM, ING Vysya Bank
Prasanna Rath, ex Head of Risk, TAIB Bank, Bahrain
Prominent AML experts as panelist
Who should attend
Our sponsorship programs are meant
to grow your business and not shrink
your bottom-line. Contact for more info:
Manoj Jain
+91 98337 67114
manoj.jain@riskpro.in
Sponsorship
Connect with your Customers
For more information, visit www.riskpro.in/AMLtraining
A Riskpro India Initiative
2. Background on Anti Money Laundering
Banks face growing costs to comply with AML requirements. With a zero tolerance level
in Money Laundering and associated large regulatory penalties for non compliance,
Banks and other Financial Institutes are spending immense time and efforts to achieve
compliance. Needless to say, it is still not enough.
The Black Swan can enter into any Financial Institute’s Branch on any given day and
sting the Bank by surprise.
The Challenge
The solution to the above challenge is the implementation of a formal and a
structured AML Mitigation and oversight system and processes that effectively identify,
assess, and manage such risk within acceptable levels.
Overview and Summary
The course provides participants the understanding of Anti Money Laundering, KYC and
Combating Terrorism Financing. The conference provides participants with practical tools
and methods required for implementation of the framework.
This is an instructor led course designed to provide a practical understanding of the new
global framework for risk management. In this two days intensive course, participants
gain a complete understanding for implementing AML/KYC processes in their
organization. Practical exercises and case studies help to better understand concepts
and evaluation of multiple methods and techniques.
Program Details and Agenda
This conference focuses on current money laundering trends, recent case studies and
lessons learned. It is an opportunity for legal, compliance, risk and Banking professionals
to interact with industry experts, regulators and peers to address the key issue. “Are we
doing enough to protect the integrity of the Indian financial system”
See detailed Agenda on the next page.
Training Methodology and Course Content
This is an interactive conference that combines formal theoretical presentations, case
studies and expert views.
Delegate Course Material includes full set of presentation slides
Delivery by Risk Management Experts with practical experiences
Additional Handouts based on exercised and recent news coverage
Completion certificate
Training Objectives
The goal of this course is to provide
you an overview of the Anti Money
Laundering developments, recent
trends, challenges and other
implications. The conference also
addresses best practices and how to
design effective AML frameworks.
The training program is designed to
ensure that participants can
implement it in their organisation with
minimal external consulting support.
The following are the training
objectives for the program:
Building a business case for Board
and senior management approval
How to setup and implement the
principles and framework within
your organisation
Comprehensive review and
understanding of the Risk
Management process and
systems specifically addressing
AML/ KYC and CTF
Understand various risk
identification and risk assessment
techniques relating to AML
3. 8:30 Registration
9:30 Welcome Address
Guest speaker
10:00 Global emerging challenges in Money laundering
efforts
Global perspective to AML
Latest developments in AML/KYC
10:45 What’s New and Recent Regulatory
Developments in AML and FATF (Indian and
International perspective)
Regional perspectives from the USA, UK and Asia
on enforcement and the impact of money
laundering.
Prevention of Money Laundering Act (PMLA)-
Overview and Key Provisions
Recent developments in Indian regulations, PMLA
updates
RBI Guidelines for KYC and AML
SEBI Guidelines for KYC and AML
11:30 Break and Refreshments
11:45 Introduction to Money Laundering
Define money laundering and terrorist financing
Identify the principal sources of laundered money
Identify the reasons why criminals launder money
Recognize the consequences of money
laundering
Post 9/11 International Convergence on
prevention of money laundering
12:30 Know Your Customer Basics
Define the KYC policy
Identify the principal elements of the KYC policy
Identify the risks of not implementing the KYC
policy
13:30 Lunch and Networking Break
14:30 Customer Profiling / Risk Profiling
Objectives of customer identification in a KYC
policy
the challenges for business in establishing
beneficial ownership
Understand the typical higher risk and lower risk
customer profiles
Recognize higher risk and lower risk customer
profiles
Politically Exposed Person (PEP) Risk
Nature and impact of blacklists
Examples of high risk customers and AML
vulnerabilities
15:30 Networking and Short Tea Break
15:45 US Patriot Act, Dodd Frank and other
international regulations addressing AML
Key aspects of US Patriot Act
Recent international Money laundering cases
UK Bribery Act
16:45 Compliance Culture and strengthening
Compliance Risk Management
Robustness of compliance risk management
Round the year AML trainings and awareness
Staff accountability and disciplinary action
17:30 Open Forum / Q& A
18:00 End of Day One
9:15 Welcome Address
Guest speaker
10:00 Recognising and Reporting Suspicious Activities
Recognize suspicious activities
Red Flags for Money Laundering Activity
Reporting requirements as per PMLA
Increasing data quality and improving AML Analytics
11:30 Break and Refreshments
11:45 Designing an effective AML Framework – Banking
Perspective
10 strategies to mitigate International Money
Laundering Risks
How to build and maintain effective AML and
Sanctions controls
Addressing AML in Institutes with multi country setup
How Can Auditing AML activities strengthen AML
Compliance?
Integrating FCPA and Anti Bribery frameworks in AML
strategies
13:30 Lunch and Networking Break
14:30 Use of AML Technology to detect money laundering
Software demonstration of latest technologies
Role and functions of such technologies in
compliance and operational risk management
Best Practices to Improve AML Audit Processes
15:30 Networking and Short Tea Break
15:45 Designing an effective AML Framework – NBFC and
Insurance Perspective
Third party product.
Sale of products and addressing black money
Strengthening regulation for Non Banking Institutes.
17:00 Whistle Blowing, Corporate Governance and Money
Laundering
How to Integrate AML efforts whistle blowing
framework
Strengthening corporate governance framework to
address Money Laundering and KYC violations
17:30 Open Forum / Q& A
18:00 End of Program
Day 1:- Emerging Challenges, implications and Introductions
Day 2:- Strategies to Combat AML and Terrorism
4. Pricing, Dates and Location
Chennai
Date TBD
Pricing
Rs 8,500 plus taxes
Location
Hotel Savera, 146, Dr.
Radhakrishnan Rd, Chennai
Ph : 044 - 2811 4700
Bangalore
Date July 18-19, 2013
Pricing
Rs 9,500 plus taxes
Location
TBD
Central District Hotel
Bangalore
Mumbai
Date July 10-11, 2013
Pricing
Rs 9,500 plus taxes
Location
The Mirador Hotel,
Opp Solitaire Park, Andheri
East, Mumbai
Delhi
Date Aug 20-21, 2013
Pricing
Rs 8,500 plus taxes
Location
TBD
Central District Hotel
Delhi
Contact
V. Murali
v.murali@riskpro.in
(+91-98845 57947)
R. Murali
murali@riskpro.in
(+91 – 95660 77326)
Contact
Casper Abraham
casper.abraham@riskpro.in
(+ 91- 9094070458)
Medha Kulkarni
medha.kulkarni@riskpro.in
(+91 – 99455 51326)
Contact
Manoj Jain
manoj.jain@riskpro.in
(+91-98337 67114)
Shriram Gokte
shriram.gokte@riskpro.in
(+91-98209 94063)
Contact
Rahul Bhan
Rahul.bhan@riskpro.in
(+ 91- 99680 05042)
Hemant Seigell
hemant.seigell@riskpro.in
(+91 – 99536 97905)
All above prices are per participant.
Service Tax extra as applicable
Discounts: For four or more nominations from same organisation, discount of 10% of the program fee
Nominations not refundable. Change of nomination permitted. Unused amount permitted to be carried forward.
Prior registration and payment required
More information
Kindly Send nomination along with the payment / contact details (Participant Name, Contact Number, Designation, email id) any
of the above contact points.
PAYMENT DETAILS
Payments to be in the name of “Riskpro India Ventures Private Limited”
NEFT Details:
Beneficiary Name: Riskpro India Ventures Private Limited
Bank Name: HDFC Bank, MIDC – Andheri - Mumbai, India
Bank Account 14252560001055 (Current Account)
IFSC Code HDFC0001425 / MICR Code 400240126
PAN Number AAFCR5508L / SERVICE TAX NO AAFCR5508LSD001
About Riskpro
Riskpro India is a specialized Risk Management solutions and Risk consulting company. It is managed by experienced professionals with
experiences spanning various industries. We are one of the fastest growing risk consulting firms in India. For more details on Riskpro
India, Please visit www.riskpro.in
Some of Riskpro’s Training Clients