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 academy 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 academy will be a platform to stimulate exchanges and debates between the public and private sectors.
The academy, 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 academy provides an overview of good industry practices in managing the money laundering risk, as well as concepts and approaches for effective supervision.
Why an Online Academy?
In this Online Academy by the Florence School of Banking and Finance, co-organised with Oliver Wyman, you will benefit from exclusive insights from a group of leading experts, minutely selected from our network of academics, members of European institutions, management consultants and practitioners from the financial services industry. Your approach to the topics covered in this academy will be guided via a wide selection of activities, including lectures, interviews and panel discussions, reflecting the plurality of experiences of the academy instructors. Additionally, you will participate in collective case studies and roleplays, where you will have the opportunity to personally interact with the instructors and the other academy participants in working on some real-life scenarios.
Understand the regulatory and institutional framework for AML/CFT
Identify evolving supervisory practices
Develop a better risk understanding and AML risks management
Put in place effective and comprehensive control processes, for appropriate governance
Observe the latest industry trends in risk management processes and tools
Determine the key challenges of crypto-assets and new technologies for AML/CFT