The AML Landscape - A Practical Guide for MLROs in Financial Services

Introduction

This new virtual classroom seminar will equip Money Laundering Reporting Officers (‘MLROs’) in financial services with essential knowledge and practices regarding Anti-Money Laundering (‘AML’) regulations and strategies.

You will gain insights into the evolving landscape of AML, the critical role of MLROs, and best practices for compliance and risk management.

The session will provide you with a clear understanding of the AML landscape specific to MLROs, and equip you with effective strategies to enhance compliance, mitigate risks, and safeguard your organisations against money laundering activities.

What You Will Learn

This live and interactive course will cover the following:

• Understanding AML and the role of MLROs:
• Definition and importance of AML in financial services
• Overview of the MLRO’s responsibilities and authority
• Significance of MLROs in preventing financial crimes
• Risk assessment and management:
• Techniques for identifying and assessing money laundering risks
• Understanding risk-based approaches to AML compliance
• Developing and implementing risk assessment frameworks
• Regulatory framework for AML:
• Overview of local and international AML regulations and guidelines
• Key compliance obligations for financial institutions
• Understanding the implications of FATF recommendations for MLROs
• Reporting and investigation procedures:
• Guidelines for suspicious activity reporting (‘SAR’) and other reporting obligations
• Best practices for conducting internal investigations and audits
• Collaboration with law enforcement and regulatory bodies
• Training and awareness programs:
• Importance of ongoing training and education for staff on AML compliance
• Developing effective AML training programs for financial services employees
• Strategies for fostering a culture of compliance within the organization
• Utilisation of technology in AML compliance:
• Overview of technology solutions that support AML processes
• Tools for transaction monitoring, risk assessment
• Emerging trends and challenges in AML:
• Current trends in money laundering tactics and methodologies
• Challenges faced by MLROs in maintaining compliance
• Future directions and developments in AML regulations

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.