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Anti-Money Laundering Academy

Qualitative

Registration deadline: 11 February 2020

Applications for Scholarship expire on 15 December 2019.

Download the brochure

 
  • General description

    Recent failures of European financial institutions in combatting money laundering have increased the pressure on supervisory authorities. There is a need to strengthen the anti-money laundering (AML) supervision, as well as the expectations on financial institutions themselves to enhance their ability to manage those risks – starting from better risk understanding, appropriate governance to effective and comprehensive control processes.

    The intermediate-level course on AML has been designed for both senior professionals in the financial services industry working in the AML area and representatives of supervisory authorities. In addition to providing thought provoking content on evolving industry and supervisory practices, the course will be a platform to stimulate exchange and debate between the public and private sectors.

    The course, which will be held under the Chatham House rule, will provide an opportunity to financial institutions professionals to improve their understanding of supervisory mechanisms and expectations, and act as a forum to interact and exchange views with peers on the latest industry trends in risk management processes and tools. For the supervisors the course provides an overview of good industry practices in managing the money laundering risk, as well as concepts and approaches for effective supervision.

  • Topics covered

    • Role of financial services firms in fighting financial crime
    • Implications of financial crime risk for financial institutions and financial system stability
    • Institutional architecture of financial crime supervision
    • Key trends and evolutions in AML supervision
    • Supervisory perspectives and expectations in relation to firms’ governance and internal control systems
    • Use of AML risk assessment and risk appetite frameworks
    • Key trends and evolutions in core control processes: customer due diligence, customer risk rating and transaction monitoring

  • What you will learn

    • For supervisors, the course provides a unique opportunity to develop a detailed understanding of which are the best practices that financial institutions are deploying to fight financial crime. It will also cover the frameworks and tools required to effectively supervise AML polices and processes at banks
    • For industry executives involved in the AML field, the course is equally unique as it provides an opportunity to enhance their understanding of current best practices and industry trends, share experiences with relevant peers and i learn first-hand about supervisory perspectives and expectations on AML risk management

  • Meet the instructors

    Anthony Charrie

    Anthony Charrie

    Anthony Charrie is a Principal in Oliver Wyman’s Public Policy practice. He is specialized in advising Governments, Central Banks and supervisors on AML/CFT-related matters. In particular, he has supported multiple jurisdictions in conducting and drafting their National Risk Assessment (NRA) and national AML/CFT strategy in Europe and North America; he works regularly with financial supervisors to help them enhance their capabilities and address gaps in their supervisory processes and practices; and he worked with Financial Intelligence Units (FIUs) and law enforcement agencies across many jurisdictions (e.g. currently supporting the UK’s Home Office and National Crime Agency with designing and implementing the SARs reform).
    Andrea Federico

    Andrea Federico

    Andrea Federico is a Partner at Oliver Wyman. Andrea is responsible for Oliver Wyman’s work with central banks, regulators and development banks across EMEA and beyond. Andrea is also the managing partner of Oliver Wyman – SPP, an internal unit solely devoted to acting as a global trusted advisor to financial services authorities on issues relating to governance arrangements, effective decision making, financial stability et alia. The unit is truly unique across the industry due to its specific focus and the team’s composition that comprises a number of former senior public officials and tenured strategy consultants. Oliver Wyman – SPP is chaired by Sir Andrew Larger, formerly Deputy Governor of the Bank of England. Andrea’s recent work includes regulatory and financial sector reform, asset quality review and stress testing, resolution frameworks and strategies, governance arrangements and effective decision making for Central Banks boards.
    Dominik Käfer

    Dominik Käfer

    Dominik Käfer is a Partner n Oliver Wyman’s Finance and Risk Practice. He is an experienced Financial Services Professional and ex Director of HSBC Global Risk Management having worked with Global Institutions and Professional Firms in EMEA, Asia Pacific and Americas. Dominik’s areas of expertise comprise Financial Crime Compliance, Operational Risk, Strategy Definition and Operationalization of Compliance Standards incl. AML, KYC, Anti Fraud, Counter Terrorist Financing and Anti-Bribery & Corruption. He has managed the delivery of global compliance strategies, business impact analyses and operating model implementations across multiple business areas, jurisdictions and legal entities of global organizations with significant US exposure. He has recently lead a number of projects designing the approach for strategic Anti-Fraud and Anti-Financial Crime Risk Assessments for leading Global banks.
    Joshua Kirschenbaum

    Joshua Kirschenbaum

    Joshua Kirschenbaum is a senior fellow at GMF’s Alliance for Securing Democracy, focusing on illicit finance. Josh joined GMF from the Treasury Department, where he worked from 2011 to 2018. He served as acting director of the Office of Special Measures at Treasury’s Financial Crimes Enforcement Network, overseeing international money laundering investigations under Section 311 of the USA PATRIOT Act. Previously, Josh worked on Iran sanctions at Treasury’s Office of Foreign Assets Control. He received a master’s degree in international security from Georgetown University and a bachelor’s degree in public policy from Northwestern University.
    Eleni Tsingou

    Eleni Tsingou

    Eleni Tsingou is Professor with special responsibilities in International Political Economy at Copenhangen Business School. Her primary academic field is financial governance and how transnational policy communities shape regulatory practices. She is currently researching on expert networks in economic governance and on how professional networks address complex global issues, with a focus on demographic change in OECD countries. For the period 2018-2021, she is also involved in a project funded by the Norwegian Research Council on the role of consultants and experts in the definition of implementation of banking regulation standards. She serves on the Editorial Board of the RIPE/Routledge series in Global Political Economy and is a convenor of the network on ‘Regulation and Governance’ of the Society for the Advancement of Socio-Economics.
  • Prerequisites

    This course is open to:

    • Representatives of supervisory authorities (>5 years of experience) and a professional interest in AML risk supervision
    • Professionals from the financial services industry (>10 years of experience in financial services) currently involved in the AML / anti-financial crime field
    • Academics (Ph.D. or Post-graduate researchers) with a specific interst in AML/CTF

  • Fees

    2050€ – Public Authorities (e.g. National Competent Authorities, Central Banks) and European Institutions

    2450€ – Private Sector

    950€ – Academics (Assistant, Associate or Full Professors)

    The course fee covers coffee and lunch breaks. Travel and hotel costs are not included.


    ADMISSIONS

    To ensure diversity among training participants, the number of participants coming from the same organization will be capped at 6 seats.


    SCHOLARSHIPS

    A few scholarships are available to outstanding candidates applying from low-income and lower-middle-income economies in the Americas, Africa and Asia, as set by the World Bank. Scholarships are available also from participants applying from the Middle East and North Africa region.

    Scholarships cover the whole course fee and 3 nights’ accomodation in Florence.

    The deadline for scholarship applications is 15 December 2019. To apply for a scholarship, send your CV and a cover letter to the course secretariat at fbf@eui.eu.


    CANCELLATION POLICY

    • In case a course is cancelled, registered participants will receive the full refund.
    • In case a course is moved to another date, registered participants may request a voucher to attend another FBF course.
    • Registered participants who cancel their participation will receive a voucher to attend another FBF course.

    For more details, please contact fbf@eui.eu
  • Practical information

    A certificate of attendance will be provided to all participants after the course.

    Recommended hotels

    Suggested restaurants in Florence city centre

    Wi-Fi

    On arrival, participants will be provided with temporary wi-fi access for the whole duration of the course.

    Privacy Notice

    The personal information you have provided will be processed in compliance with the EUI Privacy Statement for conferences. For general queries: fbf@eui.eu

     

    General information on local transport

    From Florence airport:

    Florence airport is located 8 km from the city centre, approximately 30 minutes by taxi or bus. Taxis can be found outside the arrivals terminal; no reservation is needed. A taxi ride from the airport costs about €20 and takes approximately 25/30 minutes.

    The airport is also connected to the main railway station in Florence by a shuttle bus (‘Vola in bus’) that leaves every 30 minutes (on the hour and on the half-hour) and takes 25 minutes. Tickets are available on board for €6.00.

    From the central railway station:

    Take bus n. 17 to via Venezia. Change to bus n. 7 direction ‘Fiesole’; get off at the stop ‘San Domenico 01’.  For bus routes and timetables consult:  http://goo.gl/Ydj8K

    Bus tickets are sold outside the railway station, at ATAF ticket kiosks and vending machines, tobacconists (tabacchi), newspaper kiosks (edicole), and most cafès (bar). Bus tickets can be purchased also on board with a contactless credit card (Mastercard, Maestro, Visa and V PAY).

    Private car

    From the A1 Milano-Napoli (Autostrada del Sole), take the Firenze Sud exit and follow directions to the city centre/Stadio. Follow the directions to the stadium (Stadio), then for Fiesole. San Domenico is on the main road to Fiesole.

    The EUI has several free parking areas available all over the Campus.