Recent failures of European financial institutions in combatting money laundering have increased the pressure on supervisory authorities. There is a need to strengthen anti-money laundering (AML) supervision, as well as the expectations on financial institutions themselves to enhance their ability to manage 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 staff members of supervisory authorities. In addition to providing thought provoking content on evolving industry and supervisory practices, the course will be a platform to stimulate exchanges and debates between the public and private sectors.
The Academy, held under the Chatham House rule, will provide financial institutions professionals with a better understanding of supervisory mechanisms and expectations, and act as a forum that fosters interactions and exchanges with peers on the latest industry trends in risk management processes and tools. For supervisors, the Academy provides an overview of good industry practices in managing money laundering risks, as well as concepts and approaches for effective supervision. For all stakeholders, this Academy will also give an up-to-date outlook on recent regulatory evolutions and reforms in the EU.
Understand the regulatory and institutional framework for AML/CFT
Develop a better understanding of risks and AML risks management
Identify evolving supervisory practices
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
Critically reflect on regulatory evolutions and reforms for the EU AML architecture