Anti-Money Laundering AML – Regulatory and Standards Organizations (Online)

This training workshop explains the history, structure and work of some of the main standards organizations in the AML world. The origins and workings of these organizations will be discussed and the proposals and standards they have contributed will be dissected and analysed.

•  Financial Action Task Force (FATF)
  
•  The Joint Money Laundering Steering Group (JMLSG)
  
•  Egmont Group of Financial Intelligence Units
  
•  EU AML Authority (AMLA)

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 explain the history of and categorize the work of the FATF.
  
• To broadly outline the guidance principles of the JMLSG.
  
• To describe the function of a FIU and how FIU’s cooperate through the Egmont Group.
  
• To point out how AMLA will be structured when it commences its remit.