Participants would be made aware of the potential and dimensions of Money Laundering threat in the banking industry.
The program would also highlight the menace of Money Laundering for local banks on account of Forex & Trade Transactions – anti Trade Based Money Laundering
Discussion on the various levels of Defence in AML – all about CDD and EDD
Target Audience
Bankers in the areas of Compliance
Middle and senior level executives from the BFSI sector in the areas of Internal Audit, Operational Risk Management & Product development
Course Content
Day 1
Session 1
Discussion on the threat and potential of Money Laundering in the banking industry
Financial Crime and Methods of Money Laundering
SAFE approach to a successful AML
Apex Bodies – Domestic & International
Session 2
ML v/s Terrorist Financing and Corruption – a linkage
ML indicators – discussion on the most commonly detected Red Flags
3 Levels of Defence – with discussion on UBO, CDD, EDD
Day 2
Session 3
Trade Based Money Laundering – What does it entail?
Techniques and Methods in a TBML scenario
Key features and Indicators in a TBML environment in a Bank
Session 4
Checklist for an Effective AML in a Bank
Dynamic Checklist to be implemented to ensure an effective AML policy
Trainer Profile
Trainer is a seasoned banker with rich and versatile experience in a leading public sector bank. She has worked across different banking functions like General banking, Trade Finance, Operations, Wealth Management, Retail, Rural, SME, MSME & Corporate Credit. She also has an excellent understanding of regulations and processes of cross-border transaction
