IDI e-Learning Series: International Anti Money Laundering and Counter Financing of Terrorism (AML/CFT)



01 June, 2020 Monday Washington, DC

TRAINING MODULE

Each module will be 90 minutes long, and participants must attend all modules to receive certification. For registration, click here and complete application

Module 1: Components of Effective AML/CFT  (June 1, 2020)

  • Overview of the international AML/CFT framework
  • Financial Action Task Force
  • Elements of effective AML/CFT complinace program
  • Role of FinTech and RegTech in 21st century compliance program

Module 2: The Risk-based Approach to AML/CFT (June 3, 2020)

  • Introduction to AML/CFT "risk- based approach"
  • Ways to conduct effective risk assessment
  • Types of risk mitigants
  • Internal controls, monitoring procudures and governance policies

Module 3: Customer Due Diligence: Basics and Beyond (June 5, 2020)

  • Customer due diligence
  • Recognition and monitoring of higher-risk customers
  • Legal entity beneficial ownership verification process and effective due diligence

Module 4: Suspicious Transaction Reporting and Information Sharing (June 8, 2020)

  • Writing Effective STRs for institutions
  • Currency and cross-boarder tranaction reporting
  • Framework on sharing AML/CFT information with others

Module 5: Electronic Payments, Banking and Virtual Assets (June 10, 2020)

  • Relationship between EP, Correspondent banking and modern banking
  • Crafting AML/CFT compliance program for payment clearing services
  • Introduction to AML/CFT compliance for mobile payments, prepaid cards and other electronic service
  • Risks associated with cryptocurrency and other virtual assets

PROGRAM COST

The cost of the customized training program on AML/CFT is as follows:

  • $350 for single individual
  • $300 each for two to four participants from the same institution
  • $250 each for more than five participant from the same institution

click here and complete application

Faculty

Michael S. Edwards is an attorney-at-law with extensive experience representing  credit  unions  and  banking  institutions  on a wide range of prudential safety and soundness, financial consumer protection, AML/CFTand other legal and regulatory matters. He has served  as  Senior  Vice  President  for  Advocacy  and General Counsel of the World Council of  Credit  Unions  and was Senior Assistant General Counsel in the Regulatory Advocacy section of the Credit Union National  Association.  Michael  has  been published on credit union and banking  regulatory  issues   by   the   Administrative   Law   Review,   Credit   Union Times, CUInsight, Enterprise Magazine and other publications. He holds a J. D. from American University-Washington College of Law, an M.A. in International Affairs from American University-School of International Service and a B.A. in English from the University of Pennsylvania.

For details download brochure or send an email to info@idiworldwide.net 

Click Here for Brochure