We will provide you with an understanding of what Money Laundering and Terrorist Financing are, your compliance obligations and how to meet them, see a few case studies and let you recap your knowledge
Welcome
Agenda
Why we are here?
What is Money Laundering?
e.g. 1. Fraud and then Money Laundering
e.g. 2 Big spending, no job
What is Financing of Terrorism?
e.g. Funding for 9/11
e.g. Collecting for ISIS
The Aims?
How is Money Laundering done?
Placement
Layering
Integration
International Organisations
Legal Obligations (Malta)
Legal Obligations (UK)
Risk Based Approach (RBA)
Money Laundering Reporting Officer (MLRO)
Business ML/FT Risk Assessment
Policies and Procedures
Customer ML/FT Risk Assessment
Dealing with PEPs
Sanction Lists
Risk based Due Diligence
SDD – Simplified Due Diligence – Low Risk
CDD – Customer Due Diligence – Low to Medium Risk
EDD – Enhanced Due Diligence – Higher risk
Ongoing customer monitoring
Red Flags – Suspicious Activity
When you smell a rat…
… don’t scare it!
HR Policies
Whistleblowing
Training
Case study: Igaming
Furthering your Knowledge
Assessment
Test
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