Combating Money Laundering and Funding of Terrorism
Starting dates and places
This product does not have fixed starting dates and/or places.
Description
- Delegates who have a good basic knowledge of Economic crime and who are looking for best practice and innovative ways of achieving leading edge strategic delivery both in planning and implementation.
Course objectives
- To understand the extent and impacts of money laundering and terrorism funding upon the economy
- To understand the impact of Anti Money Laundering (AML) upon their sector and supporting sectors
- To appreciate the extent to which both money laundering and terrorism funding are linked
- To understand the current global legal frameworks that exist to provide guidance/best practice
- To develop effective draft systems and policies to address money laundering and terrorism funding thre…
Frequently asked questions
There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.
- Delegates who have a good basic knowledge of Economic crime and who are looking for best practice and innovative ways of achieving leading edge strategic delivery both in planning and implementation.
Course objectives
- To understand the extent and impacts of money laundering and terrorism funding upon the economy
- To understand the impact of Anti Money Laundering (AML) upon their sector and supporting sectors
- To appreciate the extent to which both money laundering and terrorism funding are linked
- To understand the current global legal frameworks that exist to provide guidance/best practice
- To develop effective draft systems and policies to address money laundering and terrorism funding threats
- To work cross functionally to develop a cohesive approach to AML and terrorism funding
- To communicate and implement these policies effectively upon return to the workplace
Course content
The Global Picture- The extent and impact of money laundering globally
- The extent and impact of terrorist funding globally
- Political and reputational damage
- The impact upon stock market securities
- Overview of AML and Anti-terrorism funding legislative frameworks and global best practice
- Economic damage and impact upon inward investment
- Overview of legal jurisdiction collaboration
- The UK Money laundering Act 2007 – Scope, impact, operation
- Financial Action Task Force (FATF) – scope, systems and focus
- Developing effective regional legal frameworks – banking, securities, and insurance sector specific challenges
- Developing a cohesive strategy between sectors
- Integrating global best practice with domestic requirements – money laundering
- Integrating anti-terrorism funding systems with domestic requirements
- The role of the UN, World Bank, WTO
- Effective securities and exchange systems
- Effective banking and insurance systems
- Ensuring systems compliance and data sharing across sectors
- Ensuring systems transparency and audit measurement by sector
- Translating systems into effective policies
- Establishing meaningful policy goals and targets
- Communicating and marketing policies effectively – dissemination, milestones, successful achievement by sector
- Communicating with one voice – banking, securities, judiciary, and insurers
- Full day of practical where delegates will create and plan the implementation of money laundering and anti-terrorism funding systems and policy documents for their specific sector for use upon their return to work
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