Advanced AML & Financial Crime Compliance for MLROs & Finance Directors

Introduction

MLROs, finance directors and senior compliance professionals are expected to do more than maintain policies and complete routine compliance checks. They must understand their organisation’s financial crime exposure, exercise sound judgment in difficult cases and demonstrate that AML controls are effective in practice.

Regulators increasingly focus on governance, senior management oversight, the quality of risk assessments and whether an organisation can evidence that its procedures are properly implemented. Weak escalation, inadequate resources, poor documentation or a failure to respond to warning signs can expose both the business and responsible individuals to significant risk.

This new advanced level virtual classroom seminar will examine the strategic and practical challenges faced by senior professionals responsible for AML and financial crime compliance. It will use realistic examples to explore difficult decisions, governance expectations and the lessons arising from regulatory and enforcement action.

It is designed for MLROs, MLCOs, finance directors, heads of compliance, senior risk professionals and others with significant responsibility for AML compliance in an AML-regulated organisation. A sound working knowledge of the AML framework is assumed.

What You Will Learn

This live and interactive session will cover the following:

• The role, responsibilities and potential exposure of the MLRO and senior management
• The importance of oversight and accountability
• Moving from documented compliance to operational effectiveness
• Managing risk effectively in a business environment
• Handling difficult customer due diligence and beneficial ownership issues
• Managing higher-risk clients, transactions, jurisdictions and delivery channels
• Making and recording difficult decisions concerning suspicion
• Managing internal suspicious activity reports and external disclosures, including DAMLs
• Navigating confidentiality, tipping off and competing legal or regulatory duties
• Sanctions and proliferation-financing governance
• Identifying recurring weaknesses from recent enforcement cases
• Emerging threats and the implications for an organisation’s risk framework

While the course addresses principles relevant across the AML-regulated sector, delegates should also have regard to the rules and guidance issued by their own regulator or supervisory authority.

The precise content of this session may be amended to ensure that the most recent legislative, regulatory, risk and enforcement developments available at the date of delivery are covered.

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.