Anti-Money Laundering& Counter Terrorist Financing. All You Need To Know To Ensure Compliance

Transcription

1 Anti-Money Laundering& Counter Terrorist Financing All You Need To Know To Ensure Compliance

2 COMSURE AML Risk Management Forums Don t miss this opportunity to get the latest tools and leading practices and cases to strengthen your risk management programs at the Comsure risk Management Forums Top reasons you need to register today: 1 Ensure all your employees are up to date 2 Hear the latest big picture strategies on how to manage AML risk more effectively. 3 Get leading practices and practical tools in tactical in-depth training sessions that cover the full range of AML risk issues 4 Targeted information for FIRMS of all sizes. 5 Share solutions and ideas with your peers. 6 Earn continuing education credits / CPD 7 Learn the latest REGULATORY a. hot button risk issues b. exam expectations and c. emerging risk Background With the FATF revised recommendations, requirements to combat money laundering and terrorist financing have been specifically strengthened in areas with higher risks or where implementation could be enhanced. Financial institutions and other designated sectors are required to adopt a riskbased approach (as well as many other areas) to apply their resources to higher risk areas. Pressure is thus increasing on institutions to comply with the money laundering regulations and take effective steps to combat money laundering and terrorist financing. Training In July Comsure is hosting 3 CPD AML training events a Day 1: The fundamentals of Money laundering and terrorist financing risk b Day 2: The essential tools for AML/CTF risk management c Day 3: 2015 AML issues to manage These 3 workshops will consider the latest industry guidance around the comprehensive review and the impacts stemming from the updating of the legislation and rules around AML, Sanctions, MFSC guidance and ABC (Anti-Bribery & Corruption) matters. The impact of international legislative developments and risks to Mauritian institutions from overseas law-enforcement will also be examined during these 2 interactive workshops, enabling delegates to leave with practical tips, ideas and management solutions for their businesses Learning Objectives At the end of the course, the participants should be able to: 1 Discuss the basic concept of money laundering and its various processes; 2 Identify the economic impacts of money laundering and terrorist financing on international development; 3 Examine the efficiency of international standards to combat money laundering and terrorist financing; 4 Summarize the legal requirements and preventive measures to be adopted by developing countries to combat money laundering; and 5 Analyze a case study on the regulatory regime to combat money laundering and make necessary arguments.

3 Day 1: The FUNDAMENTALS of Anti-Money Laundering: International Standards and Compliance Issues This one-day training workshop aims to provide basic money laundering training to both public and private sector officials in a better, quicker and more efficient way by making them familiar with many of the laws and regulations now enhanced to deter money laundering 1 AML Policies and Procedures - What is the difference and why are they important? 2 Probability of an offence crystallising using leading case studies 3 Risk of not reporting - using real case studies 4 Understanding what ML & TF is -dispelling the myths! 5 Government and other Sanction risk (e.g. UN, EU, OFAC, Others, etc.) 6 Understanding the difference between KYC, ID&V and CDD 7 Profiling customers - what does it mean? 8 Building and using trigger events 9 Other relevant matters Day 2: The ESSENTIAL tools for AML risk management WHO? - The board including NED S, Senior Management & the MLRO & Compliance & Risk. It will give a holistic overview of money laundering standards and issues, including definitions, various processes of money laundering, and impact of money laundering on international development 1 Money laundering risk vis-à-vis Regulatory risk 2 Corporate Governance - Company law vis-à-vis Regulatory expectations 3 The AML Business Risk Assessment and strategy. 4 AML Business Risk Assessment vis-à-vis the Relationship [Client] Risk Assessment. 5 The role of the Money Laundering Reporting Officer ( MLRO ) / Nominated Officer / Compliance Officer 6 Expectations of AML Policy and Procedure Management. 7 Essentials of your Reporting (SAR) 8 Conflict of Interest Risk 9 Sanction Risk Day 3: Latest issues in respect of AML/CFT WHO? - The board including NED S, Senior Management & the MLRO & Compliance & Risk and other interested parties Comprehensive full-day program provides a forum for ALL PRACTIONERS and their legal and compliance advisors to hear the latest developments in this critical area from public and private sector experts. The seminar will cover the latest developments in such key areas as agency rulemakings, enforcement actions, evolving compliance standards, regulatory sanctions, recent experience with regulatory AML examinations, as well as practical suggestions for an effective compliance function. 1 FATF changes to its the impact of FATCA 3 TAX evasion and money laundering 4 Analysis of failed businesses including up to date a Criminal, b Civil and c Regulatory cases

4 About us The Centre for Legal and Business Studies (CLBS) as set-up in August 2005 as a provider of specialized education and training in the fields of law, business and related fields. CLBS has partnered with leading British Universities and Professional Associations to offer students qualifications which enjoy international recognition and which they can use to reach the highest levels in their chosen professions. Through its strategic alliance with the International Training Agency (ITA), a leading international training provider for the finance sector, CLBS has also been organizing a series of specialized training workshops for the financial services business community of Mauritius and Seychelles. Regular workshops are organized in the fields of Financial Compliance & Risk, Company & Trust Administration, Tax Planning, Fund Administration and Investment Management. About The Speaker Mathew Beale, Director of Comsure Group Mathew Beale, FCSI AIFP, is a Fellow of the Chartered Institute for Securities & Investment and founder of Comsure. Having started his career working within the asset management industry for ten years, Mathew has since focused on fi nancial services regulation. Between 1995 and 2002, he worked for Jersey Financial Services Commission, on financial services regulation. Between 1995 and 2002, he worked for Jersey Financial Services Commission, where he was responsible for the day-to-day conduct of business of regulated entities and where he reached the position of Senior Compliance Manager. Since 2002, he has worked within private practice in all aspects of regulatory compliance including: Assisting in the undertaking a number of reporting professional projects for the Jersey Financial Services Commission. Being involved in the preparation of the anti-money laundering guidance notes in Mauritius; Writing and delivering numerous training courses relating to the field of compliance for private and public bodies. Being a senior lecturer on the International Compliance Association s (ICA) Introductory Certificate in Compliance, the International (and UK), Diploma in Compliance and the UK Diploma in Anti-Money Laundering. During this time he was an acknowledged co-author of the materials used by the ICA in their UK and International Diplomas in Compliance. Since 2005, he has worked within Comsure and assists the regulator in the Seychelles in delivering specialised training.

5 Day Dates Course Titles Monday 27 th July The FUNDAMENTALS of Anti-Money Laundering: International Standards and Compliance Issues Tuesday 28 th July The ESSENTIAL tools for AML risk management Thursday 30 th July 2015 Latest issues in respect of AML/CFT Venue for all workshops: Le Labourdonnais Waterfront Hotel In-House Training Hold this course at your convenience This programme and the issues it addresses can be delivered at a time, location and place to fit your business, schedule. In-house training can be tailored to focus on the specific needs and challenges facing your staff. We will develop and provide all course materials and traniner to make your investment a success. For details on in-house training for this particular workshop, please contact CLBS Head Office Participation Fee 1 Day $750 (Early Bird Fee $600) 2 Days $1,500 (Early Bird Fee $1,200) 3 Days $2,250 (Early Bird Fee $1,800) MQA Approval In Process CONTACT US NOW TO BOOK YOUR SEATS CALL US E: clbs@clbsonline.com

6 Participant Title: Mr Mrs Miss Registration Form First Name Surname Job Title Qualifications (Professional) (Personal) Company Name Postal Address Tel Fax Anti-Money Laundering & Counter Terrorist Financing Please register the above person for the following workshop(s): PLEASE TICK BELOW YOUR SELECTED COURSES The Fundamentals of Anti Money Laundering (Day 1) The Essential tools for AML risks Management (Day 2) Latest Issues in respect of AML/CFT 1 Day: Participation fee US$750 Early Bird Fee: US$ 600 (Registration and Payment must be made before 13th July 2015) 2 Days: Participation fee US$1,500 Early Bird Fee: US$ 1,200 (Registration and Payment must be made before 14th July 2015) 3 Days: Participation fee US$2,250 Early Bird Fee: US$ 1,800 (Registration and Payment must be made before 15th July 2015) Payment A crossed cheque or bankers draft (Account Payee only) for US$ payable to CLBS is enclosed USD Bank Transfer Bank: State Bank Of Mauritius Bank Address: State Bank Tower, 1 Queen Elizabeth II Avenue, Port Louis, Mauritius Account Name: Centre for Legal and Business Studies Ltd Account No: IBAN No: MU50STCB Note: Completed registration forms along with full payment of the course should reach CLBS Head Office by 13 th July 2015 at latest. A registration by a prospective participant creates a binding contract between the participant and the organisers. For HRDC purpose, please note that the amount on the official receipt shall be in the rupees equivalent of the course fees at the exchange rate of 1USD: Rs 34