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.
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