Combating Money Laundering and Funding of Terrorism

Level
Total time

Combating Money Laundering and Funding of Terrorism

London Corporate Training
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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…

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Didn't find what you were looking for? See also: International Economics and Economic History.

  • 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
Current Legal Frameworks
  • 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
Effective Systems Development
  • 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
Developing Effective Policies
  • 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
Practical Implementation
  • 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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    There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.