Staying Ahead of Emerging Financial Crime Risks

Since the dynamics of AML/CFT & sanctions landscape are becoming more complex and multi-layered, financial institutions need to beef up their compliance frameworks in order to absorb this unprecedented regulatory pressure and scrutiny. In an interconnected globalized economy surrounded by uncertainty and geopolitical risks, managing money laundering, proliferation, terrorism financing, and sanctions threats is a top priority for financial institutions in order to avoid monetary penalties and reputational harm. Besides, given the overarching impact of sanctions on international trade operations and supply chains, it has become inevitable for companies to asses counterparty risks or the other side of the transaction (KYS-Know your supplier), identify dual-use goods, scrutinize sources of funds & wealth, and establish enterprise-wide financial crime risk management framework.

Having said that, this course is expected to provide attendees with the necessary tools and insights on how to protect the integrity of their institutions whilst remaining compliant to international sanctions regimes. Attendees will grasp the intricacies of sanctions as a strict liability, and navigate sectoral sanctions, UN, OFAC, EU, & UKHMT sanctions programs. Throughout the course, attendees will walk through modern KYC-KYE processes, screening technologies, trade restrictions, due diligence measures, prohibited and dual-use goods, UBO identification, control versus ownership prong & thresholds, exposure to PEPs, and a myriad of other financial crime themes.