AML Essentials: A Seminar for Compliance Beginners
Course Number: Seminar
Course Code: n/a
Are you initiating a career as an AML Compliance professional?
Are you in need of an AML essentials refresher seminar?
Are you interested in obtaining a better understanding of AML basics as they impact your professional responsibilities?
Then this seminar may assist you in achieving these goals.
At the completion of the seminar, participant would have reviewed concepts related to:
•Four Pillars in an AML Program
•Difference between CIP (Customer Identification Program), CDD (Customer Due Diligence) and EDD (Enhanced Due Diligence)
•Growing threats associated to ID fraud and CIP validation process
•The concept of beneficial ownership and importance of accurate client identification
•Private Investment companies (PICs) and multi-layer corporate structures
•Trends in Money Laundering, Transnational Organized Crime and Terrorist Financing.
•Professional service provides and their role in financial crime
•Legal implications and potential exposure to Civil Penalties and/or Enforcement Actions in your present and future career
•OFAC: What is required from us?
•Potential risk and exposure when doing business with international clients: Specially Designated Nationals and overview of OFAC Sanctions
•Senior Political Exposed Persons: Implications, Risk and Identification
Audience: Anyone interested in AML Compliance