EVENT AND OTHER PRESENTATIONS

The basics and best practices regarding compliance with AML/CFT requirements

Ten tips for Navigating the Compliance Function

Statutory Requirement to Maintain Manuals. Key Elements of the Compliance Manual.

The Mutual Evaluation (MEVAL)Process. CFATF 4thRound Experiences. Getting prepared for your Mutual Evaluation. Other topic: De-risking

Review AML Risk Based Approach Requirements. Conducting a customer and entity level risk – includes walk- through examples of AML Risk Based Assessments.

The methods used to launder proceeds of criminal activities and finance illicit activities are in constant evolution. Criminals can be very creative in finding and developing ways to launder the proceeds of crime. Traditional methods include smurfing, the use of currency exchanges, wire transfers, mules/cash smugglers, investing in high value goods and the use of shell companies.

Why do we have financial sanctions? Who are involved in making and implementing sanctions? Types of financial sanctions. Regulatory obligations. Licences granted by the Governor. Sanction screening.

Every entity and professional shall establish and maintain an independent audit function that is adequately resourced to test compliance, including sample testing, with its or his written system of internal controls and the other provisions of the Anti-money Laundering Regulations, 2008 and this Code.

In this storm, non-compliance by one may deal a devastating blow to many. Mrs. McCoy will show the potential consequences of non-compliance so as to encourage compliance; an interesting twist!

It is an age old cat and mouse game between criminals and law enforcement. Each wants to be two steps ahead of the other. They continue to evolve, expand their knowledge of each other, and gain more experience in their respective corners. What are the new tricks? What wrinkle has been thrown on the old tricks? Is the FIA coping? Mr. George will answer these questions.