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Financial Compliance

Course Information:

Venue:Duration:Date:Price:
Online £1,750.00 12 hrsFlexible
In-House Agreed with client FlexiblePOA
London 5 days 7-Mar£3,500.00
London 5 days 14-Nov£3,500.00

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    LCT 2022 Brochure
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    Who should attend?

      Delegates who have some experience of auditing, either directly as an auditor or from within the financial services sector seeking to develop a professional and best practice approach to the development of the internal audit function in private and public sector organisations and enterprises.

    Accreditations

    Outcomes

    • Describe the expanded internal audit function
    • Promote the conduct of effective audits and reporting
    • Promote financial crime risk management in the organisation
    • Engage effectively with stakeholders
    • Ensure objectivity of the audit team
    • Implement enhanced internal audit structures

    COURSE TOPICS:

    Advanced AML Loadicator

    • What is “not” money laundering
    • What “is” money laundering
    • Offence 1: Concealment
    • Offence 2 Arrangements
    • Offence 3: Acquisition, use and possession
    • SAR Narrative Review – internal reporting
    • SAR lodging – external reporting

    Advanced ABC Loadicator

    • Tracing capital flight from developing countries
    • Sustainable development goals in practice
    • Illicit financial flows
    • UNCAC and beneficial ownership transparency
    • Beneficial ownership registries
    • Scanning and profiling legal entities and complex legal arrangements

    AML Tools

    • Tool 1: KYA (Know Your Assets)
    • Tool 2: KYB (Know Your Business)
    • Tool 3: KYC (Know Your Customer)
    • Tool 4: CDD (Customer Due Diligence)
    • Tool 5: EDD (Enhanced Due Diligence)
    • Tool 6: SDD (Simplified Due Diligence)

    Business Unit and Customer Profiling

    • Linking clients with transactions
    • How to regularly assess ML and TF risks: sources
    • Risk assessment and vulnerability of transactions
    • Fitting your FCC programme in the “holistic” risk-based approach – whose?
    • Evidenced-based decision making and targeting ML and TF risks faced by the host State and regional organisations
    • Transparency: internal standards and controls
    • SYSC: Single vs Several Operations – your suspicion matrix
    • Data Protection for businesses and the rise of the Data Protection Officer

    FCC Re-tooling

    • Risk assessments – why? which? and where from?
    • FATF, Basel AML Index and ESMA reloaded
    • Risk-based approach
    • Putting it all together in the SYSC context
    • Trade-based ML – misinvoicing and third-party risk management
    • Financial sanctions: EU, International, and U.S.
    • Proliferation financing





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