Basic seminar for money laundering officers
Target group:
- C-level key executives and decision-makers
- Money Laundering Officer and Compliance Manager
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Program:
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“Duties of the Money Laundering Officer” – Secure your company’s reputation through precise knowledge of regulatory obligations.
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“New requirements for money laundering prevention” – Integrate the latest legal requirements to operate in a future-proof and compliant manner.
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The S+P Tool Box:
- Presentations as PDF: For quick reference and refresh of the seminar content.
- Organisational Handbook Money Laundering Prevention: The handbook explains the most important tasks and duties of the Money Laundering Officer in detail and provides practical instructions for successful implementation.
- Legal basis and current legislative changes: The summary of the legal basis and the latest legislative changes enables participants to always design money laundering prevention in accordance with current regulations.
- Best practices for identifying suspicious cases: The best practices provided help identify potential suspected cases of money laundering and report them appropriately.
S+P Case Studies:
- Case Study 1: Money laundering through complex and large transactions – This case study examines a case where a network of companies and individuals uses large and complex transactions to launder illicit funds. It shows how disguised ownership and chains of transactions are used to hide the origin of funds.
- Case Study 2: Dealing with Politically Exposed Persons (PEP) – Participants will be enabled through this case study to understand the increased risk of money laundering and corruption associated with Politically Exposed Persons (PEP) and to develop appropriate due diligence procedures to mitigate risks and ensure compliance with money laundering regulations. This makes them competent experts in dealing with this special customer group.
- Case Study 3: Adverse Media, SIPs and Terrorist Financing – This case study looks at the challenges posed by negative media coverage of Special Interest Persons (SIPs) and how such information can be used to prevent terrorist financing. Participants will learn how to effectively monitor adverse media and integrate it into their money laundering prevention strategies.
Program
Are you a newly appointed Money Laundering Officer or would you like to refresh your knowledge? As a central figure in your company’s compliance system, you have a crucial responsibility: you not only implement prevention strategies against money laundering, but also ensure that your team understands and complies with legal requirements.
At S+P Seminars, you will not only receive a basic introduction to your tasks, but we will also equip you with the latest know-how to meet the ever-increasing requirements for money laundering prevention. With our basic seminar, you will ensure that your company maintains its reputation as a reputable business partner and is always one step ahead of legal requirements.
Secure your place now and become an expert in money laundering prevention.
Duties and duties as a money laundering officer
- You can prevent money laundering with these 3 pillars: risk management, customer due diligence, suspicious transaction reporting
- How can effective customer due diligence be conducted?
- Identification of the contractual partner and the person acting on his behalf
- Setting up a scoring system for customer monitoring
- Clarification and identification of the beneficial owner
- Determination of whether the contractual partner or beneficial owner is a PEP
- Detection and monitoring of PEPs and SIPs (check for sanctions, financial and tax offences, terrorism, corruption and Interpol)
Your benefit: You will learn how to conduct effective customer due diligence (CDD), from identifying the contractual partner to monitoring politically exposed persons (PEPs) to minimize compliance risks and avoid sanctions.
New requirements for money laundering prevention
- Enhanced due diligence and action strategies for
- complex transactions,
- Unusually high transactions,
- transactions with unusual patterns,
- Transactions without an economic or legitimate purpose.
- Risk management system according to §4 GwG:
- Structure, structure and content of a risk analysis according to § 5 GwG
- Risk factors and risk classification
- Suspicious activity reports pursuant to §§ 43,45 GwG and conduct in cases of suspicion
- Suspicions: Suspicion of smurfing and structuring
- Tipping off ban: What obligations apply in practice?
Your benefit: You are up-to-date on enhanced due diligence (EDD) and know how to protect your company in the event of complex or unusual transactions.
Basic seminar Money Laundering Officer – Learn quickly and effectively
The aim of the seminar is to provide money laundering officers with comprehensive information about their tasks and duties and to provide them with the necessary tools to effectively prevent money laundering. Participants learn the three central pillars of money laundering prevention: risk management, customer due diligence and suspicious transaction reporting.
It also teaches how to conduct effective customer due diligence to minimize compliance risks.
With the seminar you will learn:
- Duties and duties as a Money Laundering Officer: Risk management, customer due diligence and suspicious transaction reporting as preventive measures.
- Effective customer due diligence: Identification of the contractual partner, establishment of a scoring system for customer monitoring, and clarification of the beneficial owner.
- Detection and monitoring of PEPs and SIPs: Checking for sanctions, financial and tax offences, terrorism, corruption and Interpol.
- New requirements for money laundering prevention: Enhanced due diligence for complex transactions, unusual patterns and without economic purpose.
- Risk management system according to § 4 GwG: Structure of a risk analysis, risk factors and classification, suspicious transaction notifications and behaviour in the event of suspicion.
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FAQ – What do I need to know?
The aim of the S+P seminars on money laundering prevention is to impart comprehensive knowledge on legal requirements, risk management and current best practices. All seminars are practice-orientated, interactive and led by experienced experts in the field of anti-money laundering.
You can easily register for our seminars on money laundering prevention via our website. Select the desired seminar, fill out the online registration form and our team will finalise the registration.
To take part in our online seminars, you will need a stable internet connection and a computer or tablet. All technical requirements and instructions will be made available to you before the start of the seminar.
S+P monitors all legal innovations and current trends worldwide with the help of AI. This advanced technology enables us to constantly track the latest developments and best practices. This ensures that our online seminars on money laundering prevention always contain the most up-to-date information and methods to provide participants with the most relevant and effective learning experience.
The S+P Tool Box is more than just an exclusive area – it is your key to success in money laundering prevention. As a participant in our seminars, you will have access to a wealth of tools and toolkits, including policies, checklists and specific materials, all tailored to your individual needs. With the S+P Tool Box, you have everything you need to not only expand your knowledge of money laundering prevention, but also to implement it safely and quickly.
Stricter monitoring of PEPs and SIPs
The focus on Politically Exposed Persons (PEPs) and Special Interest Persons (SIPs) is reinforced by global compliance requirements.
To-Do: Use modern databases to identify PEPs and SIPs and check them for sanctions, corruption, or other risks.
Solution with S+P: In the seminar, you will learn how to reliably identify PEPs and SIPs and minimize your compliance risks through efficient monitoring systems.
Risk-based classification through customer monitoring
Regulatory standards require precise risk analysis through ongoing monitoring and dynamic scoring systems.
To-Do: Establish a system that assesses and classifies risks based on transaction patterns and customer data.
Solution with S+P: With the help of the S+P Tool Box, you will learn in the seminar how to set up an effective scoring system that automates risk analyses and identifies suspicious activities in good time.
Increasing requirements for enhanced due diligence (EDD)
Complex and unusual transactions require detailed scrutiny as regulators increasingly push for transparency and risk analysis.
To-Do: Develop a strategy to identify suspicious patterns and analyze the economic or legal background of unusual transactions.
Solution with S+P: In the seminar, you will learn how to implement advanced testing processes and apply practical strategies for action to identify and minimize risks at an early stage.
