Our Practical Training aims to assist you answer question like:
Are you implementing your compliance programme effectively?
Are you assessing and implementing your MLRO’s/Compliance officer’s report effectively?
How does management respond to weeknesses identified in terms of AML/CFT risks?
Are the issues identified by your team members or independent AML auditor tracked and remediated in a timely and effective manner?
Outline of course
: The course will tackle topics including:
Understanding the developing nature of the AML role of the Board and associated risks of failing to comply
Board Members and Senior Management role in effective Business Risk Assessment from an AML/CFT perspective
Recent changes to the legistative and regulatory landscape which Board Members and Senior Management ought to be aware of
Understanding the extent of the personal liability for the Board Members in case of AML/CFT deficiencies
Executive liability for a compliance failure, possible scenarios, what are the next steps and damage control
Board of Directors, Senior Management Legal team/ legal counsel/ lawyer, MLRO/ DMLRO, Compliance officer