Contents
Seminar Anti-Money Laundering (AML)
Seminar Content
Day 1
Introduction to Anti-Money Laundering (AML)
- Addressees of the Anti-Money Laundering (AML) obligations
- Risk Management
- Recording and Retention
- Suspicious Activity Reporting (SAR)
Risk Assessment
- Complete survey of the undertaking’s specific situation
- Registration and identification of customer-, product- and transaction-related risks as well as geographical risks
- Categorisation of the identified risks, i.e. classification in terms of risk groups and, where applicable, additional weighting, i.e. assessment
- Development and realisation of appropriate internal safeguards which are used within the scope of the necessary money laundering prevention measures due to the outcome of the risk assessment
- Review and ongoing development of the internal safeguards enacted to date, taking the outcome of the risk assessment into consideration
Internal Safeguards
- Development of internal principles, procedures and controls
- Anti-Money Laundering officer and Deputy
- Establishment of group-wide procedures
- Prevention of misuse of new products and technologies
- Review of reliability
- Instruction of employees
- Review of the above-mentioned principles and procedures
- Whistleblowing
- Safeguarding readiness to provide information
- Outsourcing of internal safeguards
Day 2
Triggers of Customer Due Diligence (CDD)
- Establishment of a Business Relationship
- Transactions outside the scope of an existing Business Relationship
- Transactions in connection with Money Laundering (ML) or Terrorist Financing (TF)
- Doubts concerning identification details
- Renewed fulfilment of Customer Due Diligence (CDD) obligations in case of existing Customers
Customer Due Diligence (CDD)
- Identification of the Customer (Contracting Party) and the person acting on his behalf,
- Clarification of whether a Beneficial Owner exists and, where applicable, his identification
- Purpose and intended nature of the Business Relationship
- Clarification of PEP status
- Continuous Monitoring of the Business Relationship and update obligation
- Scope of the Due Diligence obligations in case of a normal level of risk
- Date of Identification and Waiver of Identification
- Non-Establishment/Termination of Business Relationships and Non-Implementation of Transactions
Simplified Due Diligence (SDD)
- Principle
- Factors resulting in a potentially lower level of risk
- Scope of the due diligence obligations to be fulfilled
Enhanced Due Diligence (EDD)
- Principles
- Politically exposed persons and their family members and known close associates
- High-risk third countries
- High-risk transactions
- Cross-border correspondent relationships
Day 3
Fulfilment of obligations by third parties and contractual outsourcing
- Use of third parties without a separate contractual basis
- Transfer of due diligence obligations on a contractual basis (outsourcing)
- Sub-outsourcing
- Forwarding of an identification data record
Group-wide implementation
- Parent undertaking/group
- Undertakings subject to group obligations
- Nature of the obligation
Cooperation
- Subject matter of the cooperation obligation/non-remuneration
- Access and inspection right/obligation to tolerate
- Right to refuse to provide information/obligation to submit documents
Target-Group
This seminar has been designed for all credit institutions and financial services institutions and their responsible employees in the following areas: risk management, compliance, legal, outsourcing, business continuity and internal audit. The members of the board of directors and management are also welcome.
Agenda
Start: 8:30 Uhr
Break: 10:00 Uhr – 10:30 Uhr
Lunch: 12:00 Uhr – 13:00 Uhr
Break: 14:30 – 15:00 Uhr
End: 17:30 Uhr
Seminar Price
The seminar price includes a USB stick with the lecture documents as an e-book (PDF), working papers as a printout, soft drinks, coffee, tea, snacks and an extensive menu (starter, main course and dessert).
1.990,00 € zzgl. 19% MwSt.
Dates
| Seminar | Location | Date | Registration Deadlines |
|---|---|---|---|
| Anti-Money Laundering (AML) | Munich | On request. | On request. |
| Anti-Money Laundering (AML) | Frankfurt | On request. | On request. |
| Anti-Money Laundering (AML) | Berlin | On request. | On request. |
| Anti-Money Laundering (AML) | Vienna | On request. | On request. |
| Anti-Money Laundering (AML) | Bern | On request. | On request. |
| Anti-Money Laundering (AML) | Zurich | On request. | On request. |
| Anti-Money Laundering (AML) | Geneva | On request. | On request. |
| Anti-Money Laundering (AML) | London | On request. | On request. |
| Anti-Money Laundering (AML) | Dublin | On request. | On request. |
| Anti-Money Laundering (AML) | Paris | On request. | On request. |
| Anti-Money Laundering (AML) | Rome | On request. | On request. |
| Anti-Money Laundering (AML) | Milano | On request. | On request. |
| Anti-Money Laundering (AML) | Lisbon | On request. | On request. |
| Anti-Money Laundering (AML) | Barcelona | On request. | On request. |
| Anti-Money Laundering (AML) | Madrid | On request. | On request. |
| Anti-Money Laundering (AML) | Brussels | On request. | On request. |
| Anti-Money Laundering (AML) | Amsterdam | On request. | On request. |
| Anti-Money Laundering (AML) | Luxembourg (city) | On request. | On request. |
| Anti-Money Laundering (AML) | Prague | On request. | On request. |
| Anti-Money Laundering (AML) | Bratislava | On request. | On request. |
| Anti-Money Laundering (AML) | Budapest | On request. | On request. |
| Anti-Money Laundering (AML) | Warsaw | On request. | On request. |
| Anti-Money Laundering (AML) | Athens | On request. | On request. |
| Anti-Money Laundering (AML) | Valletta | On request. | On request. |
| Anti-Money Laundering (AML) | Sofia | On request. | On request. |
| Anti-Money Laundering (AML) | Copenhagen | On request. | On request. |
| Anti-Money Laundering (AML) | Oslo | On request. | On request. |
| Anti-Money Laundering (AML) | Helsinki | On request. | On request. |
| Anti-Money Laundering (AML) | Stockholm | On request. | On request. |