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    Advanced AML Training

    OVERVIEW

    Follow the money” with retired New York State Police Money Laundering Investigator, Kevin Sullivan, CAMS, as your guide. Get an aerial view of how the interlocking processes, regulations, policies, and procedures of financial institutions, businesses, government agencies, law enforcement, regulators, etc work in tandem to impact and influence money laundering and money laundering investigations. This big picture view offers insight into the importance of your organization’s AML policies and procedures and provides clarity on how that reduces risk to your organization and the global economy. We’ll begin with an in depth look at a risk based approach to AML. We’ll highlight key regulations of the Patriot Act along with International Benchmarks. On the flip side we’ll identify advanced money laundering techniques AML professionals must learn to identify. We’ll provide tips on building a culture of compliance within your organization in order to reduce risk. We’ll promote that culture of compliance through application of best practice guidelines of procedures such as due diligence, transaction monitoring, and reporting. We’ll emphasize the impact and influence AML programs have on internal and external investigative units and discuss the tools and techniques of those units. We’ll finish with how AML information is accessed and utilized by law enforcement to work in tandem with institutions in the prevention of financial crimes and terrorist activity. Attendees receive AML training Certificates of Completion.

    Agenda

    Risk Management
    • Detailing the Deployment of A Risk Based Approach
    • Risk Assessment
    • Types of Risk
    • Levels of Risk
    • Specific Risk
      • Politically Exposed Persons (PEPS)
      • Private Banking
      • Correspondent Banking
    Patriot Act and International Benchmarks
    • Addressing Financial Crime Associated with Money Laundering and Terrorism
    Case Studies & Regulatory Actions
    • Objective:
      • Engage your AML analytical skill set. Strengthen your ability to recognize the 3 W’s, “What Went Wrong”, recognize money laundering methods, identify their financial institution’s vulnerabilities, identify money laundering signals, and understand potential regulatory actions and/or law enforcement engagement.
      • Provide attendees with a road map on how they can best fulfill their role in a quality AML program by informing them of the chain of procedures used by other AML professionals such as regulators and law enforcement. This process provides professionals with an understanding of the mechanisms of an AML program better equipping individuals in the application of their AML responsibilities.
    • Real World Application: The AML Training Academy instructor will provide insight on the case studies drawing from his years of experience as a New York State Police Investigator and cross designated federal agent assigned to the position of NY state money laundering coordinator. As NY state’s money laundering coordinator he acted as a liaison between law enforcement and financial institutions. With this unique insight he will impart a first hand account of what law enforcement is looking for from financial institutions and how law enforcement and financial institutions work together to fill their common AML goal.
    Progressive Money Laundering Methods
    • Trade Based Money Laundering
      • Trade Price Manipulation
      • Black Market Peso Exchange
      • Hawala
    Lunch Terrorist Financing Culture of Compliance
    • Creating The Culture of Compliance
    • Accountability
    Case Studies – Regulatory Actions on Individuals Financial Intelligence Units
    • Components
    • Sanctions
    Due Diligence
    • Customer Due Diligence (CDD)
    • Enhanced Due Diligence (EDD)
    • Fifth Pillar – Beneficial Ownership
    • Shelf vs. Shell Companies
    Case Study – The Panama Papers Transaction Monitoring
    • Process
    • Flagging
    • After the Alert
    • NYS DFS 504
      • Monitoring & Filtering your TM Program
    Investigating Financial Crimes
    • Identifying common investigative techniques
    • Investigators Tool Box
      • Investigators mind set
        • Gathering and analyzing financial evidence
        • Drawing appropriate conclusions based on the facts
      • Open source intelligence
    Suspicious Activity Reporting (SAR)
    • In depth study on the SAR process and how it weaves its way through on boarding, CDD, transaction monitoring, and SAR development. We’ll finish with how and why information is shared with law enforcement and regulators, what law enforcement and regulators do with that information, and why those methods affect AML policy and procedures.The Escalation Process
    • Complete and Thorough SAR
      • Quality Narrative Writing
    • SAR / No SAR Logs
    • Post SAR Decisions
    • After the SAR
    Coordination Of Financial Institutions And Law Enforcement
    • Financial Institution contact with Law Enforcement
    • Meetings with Law Enforcement
    • Law Enforcement Requests
      • Subpoenas / Search Warrants / National Security Letters
    • Patriot Act 314 – Communicating with financial institutions and law enforcement

    Date

    Sep 24 2021

    Time

    ET
    11:00 am - 7:00 pm

    Cost

    Individual $499, Group (3 or more) $449,Law enforcement $399
    Anti-Money Laundering Training Academy

    Organizer

    Anti-Money Laundering Training Academy
    Website
    https://amltrainer.com/
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