AML in Private Banking & Wealth Management

Duration

1,00 hours(s)

Language(s) of service

Next session

Who is organizing this training?

Fondation créée en 2015 par la Chambre de Commerce et l’Association des Banques et Banquiers Luxembourg (ABBL), la House of Training est un organisme agréé de formation professionnelle continue qui s'engage à contribuer activement à la compétitivité et à l'attractivité du Luxembourg en développant les compétences de ceux qui font vivre son économie.

Who is the training for?

This course is intended for all employees who work in the domain of Private Banking & Wealth Management. It is not jurisdiction specific and can be used globally.

Goals

There are 4 main objectives of this course:

You gain an understanding of the AML risks posed by Private Banking & Wealth Management products and services
You can identify potential AML red flags on client transactions
You have an awareness of AML examples and typographies relevant to Private Banking & Wealth Management
You understand the obligations on regulators to perform monitoring and supervision activities

The course has 4 main modules covering what we call the 4Rs of AML:

Risks – which are inherent in your line of business.
Red flags – which your members of staff should be particularly aware of.
Real examples – of money laundering or terrorist financing using products and services similar to yours.
Regulatory inspections -what regulators find when they inspect other firms in your line of business.

Additional information

To order your licenses please send a request to customer@houseoftraining.lu .
You will receive the steps to follow.
Languages: English or French
Duration: 1-hour e-learning course

There is a 10-question knowledge check at the end of the course with a standard pass mark of 80% and unlimited attempts. The 10 questions are drawn randomly from a larger bank of questions. Each attempt will draw a different mix of questions.