Effective Anti-Money Laundering Measures

This training workshop dissects the risk-based approach and organizes the key measures used to reduce or eradicate money laundering activity. It also looks at the situations leading to the submission of Suspicious Activity Reports and how this triggers an Enhanced Due Diligence regime. The special case of how Politically Exposed Persons can be either victims or perpetrators receives special mention.

•  Risk-based Approach (RBA)
  
•  Suspicious Activity Reports (SAR)
  
•  Enhanced due diligence (EDD)
  
•  Politically Exposed Persons (PEPs)

AML awareness is universal and is relevant for every person, corporate, and government department. This is especially so if you work in any of the following functions:

•  Accounts payable
  
•  Accounts receivable
  
•  Contracting
  
•  Compliance
  
•  Risk management
  
•  Managers with responsibilities for internal AML controls.
  
•  Internal and External Audit Staff.
  
•  Lawyers and Support Staff.
  
•  Company secretaries

Upon completion of this training workshop, you will be able:

• To develop a risk-based approach for their own organization.
  
• To design a SAR for their own organization.
  
• To consider whether a PEP is a potential victim or a potential perpetrator.