A consortium of UK and Middle Eastern Banks
Anti-Money Laundering and Counter Terrorist Financing
The client comprised a group of senior management individuals from a range of different financial institutions, all seeking to ensure a sophisticated, comprehensive and ‘best in class’ approach to AML and CTF compliance. The client group wanted up-to-date guidance and information on policy making and procedures, and on the best practice approaches endorsed by AML and CTF experts, worldwide. In particular the client group wanted materials and tools to assist them in training relevant staff and enforcing compliance standards within their own institutions.
We developed and delivered a series of intensive one-day workshops, using a range of different learning methods and materials including case studies, video observation and practical exercises.
Participants received relevant senior management level policy development training and guidance on topics such as customer identification, KYC procedures, customer due diligence procedures, account monitoring, suspicion recognition, suspicion reporting, records management and maintenance and staff training.
Participants were provided with a ‘resource pack’ of sample policy documents, procedural guidelines, training materials and senior management guidance notes to support them in reviewing and updating their institutions’ existing AML and CTF provisions.
Participants who attended the events stated that they felt better informed and able to specify changes and improvements to their institution’s overall AML provisions. Participants were delighted with the ‘resource pack’ materials and felt very well prepared, via this resource pack, to implement improved AML training regimes for relevant staff within their institutions.