Certificated AML/CTF Compliance Training Workshops in Developing Economies

 

Who?

Various European government bodies and financial institutions

What?

Anti-Money Laundering and Counter Terrorist Financing

Where?

Albania, Armenia, Azerbaijan, Belarus, Bulgaria, Georgia, Kosovo, Kyrgystan, Moldova, Romania, Russia, Serbia & Montenegro, Tajkistan, Turkmenistan, Ukraine, Uzbekistan

Aims:

• To design and develop an anti-money laundering/counter terrorist financing training programme for senior banking officials and representatives.
• To promote, organize and administer a series of relevant events in each of the participating countries.

• To produce and deliver tailored, local language, country-specific versions of the programme for each participating country.

What the client needed:

The client brief was to design and deliver a series of events to support the implementation of emerging anti-money laundering regimes in countries that have not previously had anti-money laundering legislation.  The events were to be aimed at practitioners within banking and financial institutions operating in the relevant jurisdictions.  The events were to provide opportunities for these practitioners to receive guidance from their Central Bank and local regulators, to learn from international experts about AML and CTF best practice globally, to develop their own knowledge and skill and to learn how to provide relevant awareness and practical training for staff within their own institutions.

What we provided:

We devised a two day programme including briefings from international experts, local lawyers and regulators on local and international law and regulatory regimes.
The programme also included a number of interactive training activities designed to develop participants’ understanding of issues such as the ethical dimensions of anti-money laundering (i.e., the link between anti-money laundering and the fight against serious organized crime), or the recognition of potentially suspicious transaction patterns.  Each training activity was accompanied by a Train-the-Trainer session designed to equip participants with the knowledge and skills to deliver the same training sessions to staff.  Participants were provided with detailed trainer’s manuals and a full set of audio-visual and other training materials, for use in their own institutions. 

What was achieved:

97% of those who attended expressed a strong satisfaction with the training materials demonstrated during the programme, and a view that such materials could have a future use within their institutions.  99% of those attending stated that they would recommend the programme to other banking professionals in their country.  The client expressed a high degree of satisfaction with the programme’s impact and its effectiveness in achieving stated objectives and addressing the identified needs of those who attended.