Speaker

KAMINEE BUSAWAH (LLM, MBA, CCM, CAMS)
About The Speaker

With over a decade of experience in AML/CFT, Kaminee Busawah has built a strong foundation in Compliance, Risk Management, and Legal Advisory. Her present and former roles as Legal Administrator, Managing Director, Group MLRO, and Data Protection Officer have provided her with the platform to lead and execute comprehensive risk mitigation strategies across various fields, ensuring that clients remain compliant with both local and international regulatory standards.

Her experience as an AML/CFT Compliance Manager and Auditor has further strengthened her ability to meticulously assess internal controls, operational risks, and regulatory adherence across various business sectors. Through this work, Kaminee has developed a strong ability to identify potential vulnerabilities within organisations and establish robust frameworks to mitigate risks effectively.

Beyond compliance, her experience in paralegal work and legal drafting has equipped her with the expertise to advise on and prepare precise, enforceable legal documents, policies, and contracts aligned with both corporate and regulatory requirements.

As an MQA-registered Trainer, Kaminee has conducted specialised training programmes on workers’ rights, aimed at strengthening corporate understanding of labour laws, workplace compliance, and employee protections. She has also delivered numerous high-level training programmes on AML/CFT, Good Corporate Governance, Data Protection, and broader regulatory compliance across various industries, including Financial Institutions and Designated Non-Financial Businesses and Professions (DNFBPs).

Through her general consultancy work, Kaminee provides tailored advisory services to businesses, helping organisations navigate complex regulatory landscapes while fostering ethical governance practices. Her expertise in data protection further enables her to guide organisations in implementing GDPR-compliant policies and robust data security frameworks.

Her commitment to excellence, strategic risk management, and proactive compliance solutions has consistently contributed to successful outcomes, reinforcing Kaminee Busawah’s position as an experienced professional in compliance, governance, legal advisory, and regulatory risk management.

Upcoming Event

AML/CFT ESSENTIALS & RECENT UPDATES 2026

Course Details
Course Objectives

By the end of the session, participants will be able to:

  • Explain the core concepts of money laundering, terrorism financing, and
    proliferation financing (ML/TF/PF).
  • Describe the international standard-setting bodies (FATF) and the local
    institutional framework.
  • Identify the key changes introduced by AMLA 2026 and what they mean in practice.
  • Recognise common red flags and reporting obligations.
  • Apply AML/CFT concepts to realistic scenarios through case studies.

 

Target Audience
  • Compliance Officers
  • MLROs/DMLROs
  • Directors and Senior
  • Management
  • Financial Services
  • Professionals
  • Lawyers and Notaries
  • Accountants and Auditors
  • Real Estate Professionals
  • Trust and Company Service Providers
  • Any professional seeking an update
    on AML/CFT developments
Course Details

Module 1 — AML/CFT Fundamentals

  • What is money laundering? The three stages: Placement, Layering, Integration
  • What is terrorism financing (TF) and how it differs from ML
    (source of funds vs. use of funds)
  • Introduction to Proliferation Financing (PF) — the newest pillar alongside AML/CFT
  • Why AML/CFT matters: economic, reputational, and national security impact
  • Key terms: STR/SAR, CDD, EDD, PEP, beneficial ownership, risk-based approach (RBA)

Module 2 — AML/CFT Fundamentals

International Framework

  • The Financial Action Task Force (FATF): role, 40 Recommendations, mutual evaluations
  • FATF grey/black lists and jurisdictions under increased monitoring
  • Regional bodies (e.g., ESAAMLG for the Eastern & Southern Africa region)

Local Framework

  • Financial Intelligence Unit (FIU) — receiving, analysing, disseminating STRs
  • Sector supervisors (e.g., central bank / financial services regulator) and their
    respective remits
  • Financial Crimes Commission — enforcement and investigation powers
  • The risk-based approach: why regulators expect proportionate, not uniform, controls
  • Brief timeline: from the original AML legislation to the 2026 reform

Module 3 — 2026 Legislative Updates: What's New

  • Overview of the AMLA 2026 reform — why it happened (2027 mutual evaluation
    readiness, FATF alignment, National Strategy 2026–2029)

    • Proliferation Financing (PF) formally added as a third compliance pillar alongside
      AML/CFT
    • Enhanced Due Diligence (EDD) triggers: PEPs, high-risk jurisdictions, complex/
      opaque structures
    • Beneficial ownership transparency reforms across companies, trusts, foundations,
      and associations
    • Expanded FIU powers: transaction suspension authority, faster inter-agency
      information sharing
    • New/centralised data-sharing systems between regulators and law enforcement
    • Stronger oversight of the NPO/NPC sector for TF/PF risk
    • Tiered administrative penalties for compliance failures
    • Faster asset recovery and confiscation procedures
 
  • What this means in practice for individuals and businesses (documentation,
    monitoring frequency, reporting timelines)

Module 4 — Red Flags, Typologies & Case Studies

  • Common red flags: unusual transaction patterns, reluctance to provide ID/beneficial
    ownership info, structuring, use of intermediaries, cash-intensive behaviour
  • Sector-specific red flags discussions
  • The STR filing process and “tipping off”

Module 5 – Penalties for non compliance

  • Questions and Answers and open discussions