Money Laundering Update
For directors and executives at financial and non-financial companies, as well as money laundering officers from financial and non-financial companies.
805,-€
Programm
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Know Your Customer for demanding customer relationships
Reliable identification of contract partner and appearing person
Evaluation of the source of funds – 3 audit levels in practice
- Asset inflow: Source of Income
- Asset status: Source of Wealth
- Asset transfer: Source of Funds
Techniques for researching the beneficial owner:
- Doubts about identity details
- Suspicions: Suspicion of Smurfing and Structuring
- EDD investigation techniques on Section 15 AMLA
- Transactions outside and within the business relationship
S+P Tool Box
- Organisation manual: Anti-money laundering and fraud system
- Practical guide and checklists for auditing complex Money Laundering Structures
- Implementation roadmap for the Money Laundering Act
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Money Laundering Act Update: What changes?
Monitoring and screening system:
- Ex-post and real-time: selection and filtering of suspicious transactions.
Real estate transactions: share deals and nested company constructions
New due diligence requirements for financial companies:
- Investment business: KVG, brokers and banks
- Syndicated loan business
- Correspondent banking relationships
- Trade finance and transaction monitoring
Monitoring of crypto transactions and use of virtual currencies
