Money Laundering Update

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.

735,-€

Plus 19% VAT.
  • With the seminar, you will receive your certificate as proof of your expertise

  • Organisational Handbook: Anti-Money Laundering and Fraud System

  • Practical guide and checklists for auditing complex money laundering structures

  • Implementation Roadmap on the Money Laundering Act

Programm

  • 9.15 am – 1.00 pm

    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
  • 2.00 pm – 5.00 pm

    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

Supervisery Board Financial Companys
Supervisery Board Financial Companys