AML, CTF and Regulatory Compliance Workshop 2018

Storm-7 Consulting

Anti-Money Laundering, Counter Terrorist Financing, and Regulatory Compliance Update Workshop

TRAINING WORKSHOP OVERVIEW This new training and update workshop covers the latest developments affecting anti-money laundering and counter-terrorist financing frameworks, as well as elements of operational risk frameworks. Attendees will be guided through a review of regulatory compliance requirements and anti-money laundering, counter-terrorist financing, and know-your-client compliance technologies. The training workshop aims to ensure that attendees are able to competently address the latest legal, financial, market, operational and reputational risks that firms face today. The training workshop will seek to set out best practices for undertaking trade compliance, regulatory compliance, and due diligence on third parties.

SESSION 1: Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Update  Beneficial owners, Structure Charts, Individual and Corporate Clients, Politically Exposed persons (PEPs) and other High Risk Associated Individuals.  Money Laundering and Terrorist Financing Risk Assessment, an Overview of the Risk-Based Approach (Obliged Entities, Supervisors, AML/CTF Jurisdictions), and Risk Factors: (1) Customer; (2) Geographical; and (3) Product, Service, Transaction, or Delivery Channel).  Customer Due Diligence (CDD), Simplified Customer Due Diligence (SCDD), Enhanced Customer Due Diligence (ECDD) Obligations and Procedures.  Tax Crime Predicate Offences, Administrative Penalties, Pecuniary Sanctions,

SESSION 2: Regulatory and Trade Compliance, Know Your Client (KYC), and Third Party Due Diligence Update  Regulatory Compliance, Trade Compliance and Know Your Client (KYC) Update.  High-Risk Third Countries, Third Party Equivalence, Third Party Due Diligence and Terrorist Update.  Money Laundering, Culture of Compliance, Conduct Risk, Reputational and Financial Damage.  Competently addressing Legal, Financial, Market, Operational, and Reputational Risks.

SESSION 3: Operational Risk and Regulatory Control  Operational Risk Gap Analysis, Risk Management Process Reviews, Defining Risk Limits, Drafting Risk Appetite Statements.  Identification of Key Risks, Warning Signs, Performance Indicators, and Review of Risk Models according to relevant Regulatory Requirements.  Operational and Risk Policies and Procedures ad AML/CTF Monitoring.  Implementing and Reviewing the Risk Management Process and Senior Management Systems and Controls.

SESSION 4: AML-CTF Compliance Technologies  Beneficial owners, structure charts, Individual and Corporate Clients, PEPs and other High Risk Associated Individuals.  Client Risk Assessments, Configuring Simple and Complex Risk Scoring Rules, Monitoring Change Events and Company Risk Policy Changes.  Customised Reporting Engine, Configuring Report Filter Conditions (e.g. FATF Blacklist, Identification of AML-CTF Risks, Exporting Reports, Configuring Risk Assessment Reminders and Warnings (e.g. Missing Information, Expired Passports).  Automatic Tagging of Associated Clients for Risk Assessment Review, Ongoing Sanction Checks, Security and Auditing, Deployment and Integration Options.

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