SESSION 1: AML Fundamentals: Overview
Monday, April 8, 2024
Money laundering is a global problem. It has changed throughout the years, but criminals still must find a means to clean the money. This involves a process with three different phases that conceal the audit trail and then make the money clean for use. The dirty money comes from different criminal sources including drug sales, theft, organized crime activities, embezzlement, bribery, and corruption.
Anti-money-laundering laws and regulations target criminal activities including market manipulation, trade in illegal goods, corruption of public funds, and tax evasion, as well as the methods that are used to conceal these crimes and the money derived from them. It's up to financial institutions to monitor their customers' deposits and other transactions to ensure they aren't part of a money-laundering scheme.
During this webinar, we will go over the background and definition of AML, understand the different ways financial institutions need to stay compliant, and also, red flags that occur in everyday life.
SESSION 2: AML Risk Management
Tuesday, April 9, 2024
SESSION 3: AML Training on Red Flags
Wednesday, April 10, 2024
When it comes to AML, there are a lot of different components. For staff it's really important to not only know how the rules impact their role and keep up to date on current regulations. In this webinar, we will discuss the background of AML, recent changes, and also the types of red flags you may encounter during your day to day roles
Due to an evolving climate with AML regulations, you need stay abreast of changes and the impact it has to you, especially in a financial services industry where crime is rampant due to AML related activities. We will explore the recent changes, red flags and discuss the background for those who are not familiar with the topic.