What is money laundering and terrorist financing

The impact of money laundering on our society and economy

Where does money laundering occur

The money laundering cycle

What is Source of Wealth and Funds

Factors to consider at the time of risk rating a customer

Factors to consider at the time of risk rating a customer – Product and Services Risk

Factors to consider at the time of risk rating a customer Geography Risk

What is Enhanced Due Diligence

What is Risk Based Approach

How to comply with AML/CFT Regulations

Consequences of not being AML Compliant

Key AML Organizational Bodies

How to implement an effective AML Program

Reporting Suspicious Behaviour

What is Beneficial Ownership

Types of Beneficial Ownership

What is Ultimate Beneficial Ownership

What is AML Screening

Scope of Screening

Types of Screening – Adverse News Screening

Types of Screening – Sanction Screening

Sanction Waivers, Licenses and Exceptions

Politically Exposed Persons (PEPs)

What are Sanctions

Raising Awareness – Red Flags

Why is it Important to Understand Red Flags

How to Improve the Assessment and Identification of Red Flags

Masterclass Objectives and Content

Masterclass Recap

Introduction to Masterclass

What should individual Governments be doing

Environmental, Social and Governance (ESG)

Proliferation Financing

Red Flags which indicate you shouldn’t enter into a relationship across any industry

Bank Secrecy Act

FATF Grey and Black List

FATF Mutual Evaluation