AML and CTF Policy Development and Implementation Workshops

 

Who?

A consortium of UK and Middle Eastern Banks

What?

Anti-Money Laundering and Counter Terrorist Financing

Where?

Dubai

Aims:

• To develop and deliver a first stage AML and CTF training programme for Middle East-based senior managers across a consortium of participating financial institutions.

• To equip and enable senior managers with the knowledge, tools and materials needed to implement effective AML and CTF compliance programmes, including appropriate procedures and training for relevant staff.

What the client needed:

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.

What we provided:

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.

What was achieved:

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.