Key Details

Duration: 3 Hours

Delivery method: In-house

Overview

The risk-based approach to AML and CTF has been well established through FATF recommendations, the JMLSG and the 2017 Money Laundering regulations. Assessment of risk is central to the management and control of money laundering and terrorist financing, and any Compliance Officer whose work involves financial crime must understand risk...

The risk-based approach to AML and CTF has been well established through FATF recommendations, the JMLSG and the 2017 Money Laundering regulations. Assessment of risk is central to the management and control of money laundering and terrorist financing, and any Compliance Officer whose work involves financial crime must understand risk fully as it applies to this area.

This half-day course examines AML and CTF risks in detail, how to assess them at a business level and common examples of red flags. It also looks at the specific risks relating to Correspondent Banking and Trade Finance.

For those wanting to cover a more detailed approach to CDD and risk, the one day CCL Academy course Client Onboarding & Risk Based CDD Workshop may be more appropriate.

  • AML recap
  • The risk-based approach and the business risk assessment
  • The customer risk assessment
  • Common red flags
  • Correspondent banking risk
  • Trade finance risk

After attending this course, you will be able to:

  • Describe the legislative requirements relating to risk and the management of money laundering and terrorist financing
  • Describe how to create a risk assessment
  • Identify the key factors in money laundering and terrorist financing risk
  • Describe what goes into a risk assessment
  • Describe the key money laundering and terrorist financing risks attendant upon Correspondent banking and Trade Finance