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Virtual Training on Anti-Money Laundering, Economic Crimes and Countering Terrorisim Financing

Executives in banks, non-bank financial institutions and other business organizations that move money internationally, especially those manning operations of the treasury and international functions need the tools and skills to analyze their opportunities and the accompanying risks. This three-days training presents the requisite knowledge and understanding. Course Contents Day One Basic AML/ CTF Concept And Regulatory Responses Understanding Anti-Money Laundering/Countering the Financing of Terrorism (AML/CTF) The historical background and general introduction Basic elements and concepts of AML/CTF Changes in risk profiles ​Anti Money Laundering and Economic Crimes - Sources Bribery and corruption Cheating Forgery Extortion Currency exchange fraud. Money Laundering Cycle Initiating crime Proceeds washed into legitimate commerce Proceeds moved to different accounts Proceeds revert legally to criminal perpetrator Purchases with proceeds. Understanding and Responding to Suspicious Transactions and Activities Understanding predicate offences Conspiracy to violate money laundering laws How illegal money and assets are converted for legitimacy Legislative pronouncement (global and local) The regulatory framework Filing a suspicious activity report Operating a robust AML compliance program Commitment to economic and transaction scrutiny ethics Implementing currency exchange controls Controls governing responses to regulatory inquiries and audits Compliance - Applying rules indiscriminately Monitoring, reporting and continuing review of compliance Duties and obligations of stakeholders and professionals in AML/CTF regime. Day Two AML/CTF Implementation Beyond Regulatory Compliance: A Risk Management Strategy Indicators and red-flags to suspicious transaction - suspicious activities Appropriate reporting - response to suspicious transaction/activities Compliance monitoring - basic requirements and how to monitor compliance The risk exposure of AML/CTF to individuals, entities, the nation and the globe Mitigations strategies to the risk exposure Identifying the challenges to effective AML/CTF implementation. AML/CTF and Financial Institutions Deposit Money Banks Insurance Firms Capital Market Bureau De Change Finance Houses International Finance Institutions Compliance issues Continuous Training Requirement. Money Laundering Investigation Routes Loan back arrangements Bureau de Change and other FX changers Credit and debit cards Share and bond purchases Intermediaries - lawyers, accountants, private bankers Real estate Commodity trading Insurance policy. Day Three Money Laundering Risks for Organizations Legal risk (litigation, fines, imprisonment) Reputational risk (adverse publicity, tainted image) Operational losses. Measures Against Money Laundering Board oversight Policies and their application Internal Control effectiveness Audit trail watch Cash transactions watch How to make a report. Note: Available as Classroom Training as Well as Online Training Mr Abiodun Toki 08033019120

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18th Aug, 2021 - 20th Aug, 2021


5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village


Wed 9:00 am-6:00 pm

Thur 9:00 am-6:00 pm

Fri 9:00 am-6:00pm


Gate fee (₦): 123,625

Organized by: Tom Associates Training

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