AML Failures - Case Studies & Lessons Learned - What Went Wrong & How to Avoid Repeat Mistakes

Introduction

Regulators continue to focus on the effectiveness of AML frameworks in practice, not just the existence of policies.

This new virtual classroom seminar uses case studies to identify recurring failure points, explain what regulators expect to see and provide practical takeaways to strengthen governance, controls and evidence.

It is ideal for AML compliance professionals, MLROs, in-house legal teams, risk managers, senior leaders with AML accountability and professional advisers.

What You Will Learn

This live and interactive session will cover the following:

• What regulators typically criticize - recurring themes across enforcement actions
• Risk assessment failures - outdated assumptions and poor documentation
• Weak customer due diligence - beneficial ownership, source of funds/wealth and ongoing monitoring gaps
• Transaction monitoring failures - tuning, alert handling and escalation weaknesses
• Governance and accountability - MLRO resourcing, independence and senior management oversight
• Training and culture - why ‘tick-box’ approaches fail
• Remediation planning - how to structure an effective improvement programme
• Case study walkthroughs with practical lessons learned

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.