Anti Money Laundering (AML) and KYC in Banking - Directors and Senior Executives version

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Module 1 - Money Laundering

• Definition
• Predicate Offences
• Placement, Layering and Integration
• Scale of Money Laundering
• Social Impact of Money Laundering

Module 2 – Combating Terrorist Financing

• Definition
• Terror Attacks and Costs
• Vulnerable Organisations
• Comparison with Money Laundering

Module 3 – Proliferation Financing

• Definition
• UN Resolution
• Global Security
• Red Flags

Module 4 – Anti-Money Laundering

• Definition
• Global Stakeholders
• FATF
• FATF 40 Recommendations
• Mutual Evaluation
• FSRBs
• FIU Definition & Functions
• AML Summary

Module 5 – AML / CTF Basics

• Board Responsibility
• Compliance Responsibility
• Policies and Procedures
• Risk Based Approach
• Risk Levels
• Identification and Verification
• Beneficial Owners
• PEPS and Definition
• Screening Process and Challenges
• High Risk Jurisdictions
• Document Retention
• Suspicion
• Tipping Off
• Reporting
• Red Flags

Module 6 – Sanctions

• Client Screening
• Sanctions Definition
• Freezing Regime
• Screening Lists
• Screening Challenges
• Economic Sanctions

Module 7 – AML Consequences

• Global Penalties
• Causes for Penalties
• 5 Case Studies 2021
• Reputational Damage
• Impact on Employees

Module 8 – AML / CTF in the EU

• European Stakeholders
• EU Directives
• 4th Directive
• Consequences of the 4th Directive
• Enlarged Scope
• Risk Assessment
• Beneficial Owners
• EU Guidelines
• 5th Directive
• 6th Directive

Module 9 – AML / CTF in Luxembourg

• Mutual Evaluation 2010
• Mutual Evaluation 2022
• 2022 Assessment Criteria
• National Risk Assessment
• Local Stakeholders
• Local Laws
• Luxembourg Predicate Offences
• Register of Beneficial Owners
• Luxembourg Sanctions and Penalties
• CSSF inspections
• CSSF Fines and Penalties
• FIU Luxembourg

Module 10 – Tax Crimes

• FATF and Tax Crimes
• Tax Crimes as Predicate Offences
• Tax Offences
• Sanctions and Penalties
• 21 Common Indicators

Module 11 – Directors and Senior Executives

• AML Policies
• Director Worry List
• What is Compliance
• Director To Do List
• Assurance Function Communication

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