{"id":1494,"date":"2019-10-19T13:47:17","date_gmt":"2019-10-19T10:47:17","guid":{"rendered":"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/blogging\/?page_id=1494"},"modified":"2019-10-21T10:49:34","modified_gmt":"2019-10-21T07:49:34","slug":"aml-anti-money-laundering-skills-trainingnairobi-mombasa-kenya","status":"publish","type":"page","link":"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/blogging\/aml-anti-money-laundering-skills-trainingnairobi-mombasa-kenya\/","title":{"rendered":"AML &#8211; Anti-Money Laundering Skills Training,Nairobi and Mombasa Kenya"},"content":{"rendered":"<p>AML &#8211; Anti-Money Laundering Skills Training,Nairobi and Mombasa Kenya<\/p>\n<p><strong><a href=\"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/training-schedule\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" src=\"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/images\/dolphins_group_online_booking.png\" alt=\"Dolphins Group - Book Now\" width=\"117\" height=\"31\" border=\"0\" \/><\/a><\/strong><\/p>\n<p>This training course teaches you how to implement systems to combat money laundering and terrorist financing.<\/p>\n<h2><strong>Course Overview<\/strong><\/h2>\n<p>All financial institutions are legally obliged to implement systems to combat money laundering and terrorist financing. At the same time, Auditors must ensure that the spirit and letter of the law is being strictly implemented.<\/p>\n<p>In this program we pick in-depth review on Essential and Practical Guide to this New Challenges.<\/p>\n<h2><strong>Course Agenda Highlights<\/strong><\/h2>\n<ul>\n<li>The Fundamentals of Money Laundering<\/li>\n<li>Anti money laundering (AML) and counter financing of terrorism (CFT)<\/li>\n<\/ul>\n<h4>Global compliance issues<\/h4>\n<h4>Recommendations 2012<\/h4>\n<h4>Definition and objectives of KYC<\/h4>\n<h4>KYC standards and regulatory requirements<\/h4>\n<h4>Application of KYC<\/h4>\n<h4>Procedure for customer identification<\/h4>\n<h4>Specific identification issues<\/h4>\n<h4>Adopting a risk based approach<\/h4>\n<h4>Constructing the AML and KYC framework<\/h4>\n<h4>Implementing and managing the total KYC<\/h4>\n<h4>Real life case-studies of KYC management<\/h4>\n<h4>KYC failures and success<\/h4>\n<ul>\n<li>Basics of Clearing &amp; Settlement Systems<\/li>\n<li>FATF and Fraud case studies<\/li>\n<li>Mimicking Legitimate Transactions- Intl offshore centres<\/li>\n<li>Standard Import\/Export Techniques in Trade Finance<\/li>\n<li>The International Legislations and Best Practices<\/li>\n<li>Corporate Misuse and Breaches of trust in detail<\/li>\n<li>Assessing the State of Legislation and Best Practices in a Cost Effective Manner<\/li>\n<li>The law in major international offshore centers-core issues of concern<\/li>\n<li>Case studies (continued)-Corporate Misuse and offshore centres<\/li>\n<li>Applying the rules and regulations as to: Asset protection trusts<\/li>\n<li>Enforcement, Freezing, Forfeiture and the Teeth of Anti-Fraud programmes<\/li>\n<li>Red flags or warning signs of money laundering<\/li>\n<li>Issues of international banking (documentary credits) law<\/li>\n<li>Case Study: Electronic payment system issues in money laundering- latest techniques and concerns<\/li>\n<\/ul>\n<h2><strong>Who should attend?<\/strong><\/h2>\n<ul>\n<li>Compliance team<\/li>\n<li>Operations staff<\/li>\n<li>Risk management team<\/li>\n<li>Heads of legal department<\/li>\n<li>Money Laundering Reporting Officers<\/li>\n<li>MLROs<\/li>\n<li>Company Directors<\/li>\n<li>In-house legal and compliance personnel<\/li>\n<li>Legal affairs directors and managers<\/li>\n<li>Company Secretaries<\/li>\n<li>Financial Controllers<\/li>\n<li>Fraud Investigators<\/li>\n<li>Heads of Accounting<\/li>\n<li>Finance Directors<\/li>\n<li>Heads of Procurement<\/li>\n<li>Risk Managers<\/li>\n<li>Operational Risk personnel<\/li>\n<li>Marketing\/hospitality personnel<\/li>\n<li>Heads of Internal Audit\/Internal Auditors\/Accountants<\/li>\n<li>External Auditors team<\/li>\n<\/ul>\n<h3><\/h3>\n<h3><strong>Course Content<\/strong><\/h3>\n<p><strong>The Fundamentals of Money Laundering <\/strong><\/p>\n<ul>\n<li>Size and scope<\/li>\n<li>The UN&#8217;s ten laws on dealing with money laundering<\/li>\n<li>The impact of globalization<\/li>\n<li>The approach of the US and the UK<\/li>\n<li>The Asian response<\/li>\n<li>The Middle Eastern response<\/li>\n<li>The European response<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h4>Anti money laundering (AML) and counter financing of terrorism (CFT)<\/h4>\n<p>Origin and definitions<br \/>\nLatest issues globally<br \/>\nRisks and impact on banks and the financial services industry<br \/>\nRisks and impact on other industry sectors within the Regulated Sector<br \/>\nPlacement, layering and integration techniques<\/p>\n<h4>Global compliance issues<\/h4>\n<p>The FATF and its regional groups<br \/>\nThe 40 + 9 Recommendations<br \/>\nThe new revised FATF<\/p>\n<h4>Recommendations 2012<\/h4>\n<p>Globalisation and the need for international regulation and cooperation<br \/>\nInter-relationship with Anti Bribery &amp; other anti financial crime compliance<\/p>\n<h4>Definition and objectives of KYC<\/h4>\n<p>The history of the KYC requirement<br \/>\nDefinition of a customer\/client<br \/>\nDeveloping the customers transaction profile<br \/>\nImportance and rationale of KYC<\/p>\n<h4>KYC standards and regulatory requirements<\/h4>\n<p>The legal and regulatory framework<br \/>\nCompliance programme<br \/>\nCustomer acceptance policy<br \/>\nCustomer identification and verification<br \/>\nGeneral identification requirements<br \/>\nThe role of:<br \/>\nSupervisors and managers<br \/>\nAuditors<br \/>\nSenior management and directors<\/p>\n<h4>Application of KYC<\/h4>\n<p>The AML policy, guidelines and manual<br \/>\nGuidelines for opening accounts and establishing relationships<br \/>\nConducting Customer Due Diligence (CDD)<br \/>\nConducting Enhanced Due Diligence (EDD)<br \/>\nChanges in relation to beneficial ownership<\/p>\n<h4>Procedure for customer identification<\/h4>\n<p>Identification procedure at different stages<br \/>\nEstablishing banking relationship<br \/>\nWhen carrying out a financial transaction<br \/>\nCustomer research and verification<br \/>\nWhen bank doubts authenticity or veracity or the adequacy of previously obtained customer identification data<br \/>\nProof of identity Establishing identity and establishing present residential address<br \/>\nDeveloping the customers profile<br \/>\nKYC for existing account-holders<br \/>\nConfidentiality of information collected under KYC<\/p>\n<h4>Specific identification issues<\/h4>\n<p>Minor accounts<br \/>\nTrust, nominee and fiduciary accounts<br \/>\nJoint accounts<br \/>\nCorporate vehicles such as Special Purpose Vehicles (SPVs)<br \/>\nIntroduced business<br \/>\nClient accounts opened by professional intermediaries<br \/>\nPolitically exposed persons (PEPs)<br \/>\nBeneficial Ownership<br \/>\nNon face-to-face customers (example, through internet and electronic banking)<\/p>\n<h4>Adopting a risk based approach<\/h4>\n<p>Requirements under the legal framework<br \/>\nImpact of the new 2012 FATF Recommendations<br \/>\nAssessing vulnerabilities and risk<br \/>\nFull KYC vs. Risk-based KYC<br \/>\nWhy and when to conduct CDD and EDD<br \/>\nWhen to implement reduced KYC requirements<br \/>\nReliance on KYC done by third parties, agents or intermediaries<\/p>\n<h4><\/h4>\n<h4>Constructing the AML and KYC framework<\/h4>\n<p>Group policies<br \/>\nRisk assessments<br \/>\nRoles and responsibilities<br \/>\nThe MLRO<br \/>\nRequirement of integrity of all employees<br \/>\nTraining and awareness<br \/>\nMonitoring and record keeping<br \/>\nReporting requirements Threshold reporting and Suspicious Transaction Reporting (STR) or SARs<br \/>\nDealing with the authorities and enforcement agencies<br \/>\nAudit<br \/>\nRole of HR, training, risk, IT and other critical departments<br \/>\nManagement Information (MI) and oversight<\/p>\n<h4><\/h4>\n<h4>Implementing and managing the total KYC<\/h4>\n<p>Evaluation of employees in ensuring integrity<br \/>\nDue diligence<br \/>\nRecord keeping<br \/>\nOn-going training<br \/>\nMonitoring<br \/>\n&#8211; Reporting<\/p>\n<h4>Real life case-studies of KYC management<\/h4>\n<p>KYC failures and success<br \/>\nWays to prevent such failures<br \/>\nTips for successful implementation<br \/>\nMeeting expectations<\/p>\n<p><strong>Basics of Clearing &amp; Settlement Systems <\/strong><\/p>\n<ul>\n<li>Banking law<\/li>\n<li>How clearing works<\/li>\n<li>How settlement works<\/li>\n<li>The workings of electronic banking<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>FATF and Fraud case studies <\/strong><\/p>\n<ul>\n<li>How to money launder: the core methodologies &#8211;<\/li>\n<li>Understanding the criminal mind (Egmont and FATF issues)<\/li>\n<li>40 Recommendations, 9 Special recommendations, 2012<\/li>\n<li>amendments, Mutual reviews, Non-co-operative countries<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Mimicking Legitimate Transactions- Intl offshore centres <\/strong><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Recent issues of concern: HSBC and other banks caught up in<\/li>\n<li>the public cross-fire<\/li>\n<li>Finding a lawyer or trustee<\/li>\n<li>Setting up an asset Protection trust<\/li>\n<li>Setting up an international business corporation &#8211; Beneficial<\/li>\n<li>nominees ownership rules and the BVI<\/li>\n<li>destination<\/li>\n<li>Bermuda vs. Bahamas and other offshore centres<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Standard Import\/Export Techniques in Trade Finance <\/strong><\/p>\n<ul>\n<li>Other Businesses and the Use of Non-cash Instruments<\/li>\n<li>Online gambling<\/li>\n<li>Detection difficulties and compliance headaches Bank Secrecy<\/li>\n<li>and Data Protection: Fraud and Financial Crime Exposed<\/li>\n<li>Limits to the law enforcement<\/li>\n<li>Challenges to compliance<\/li>\n<li>Electronic systems<\/li>\n<li>Management information systems<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>The International Legislations and Best Practices <\/strong><\/p>\n<ul>\n<li>Setting up a business with certain legitimate interests<\/li>\n<li>Standard Import\/Export Techniques in Trade Finance as applied<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Case Study- Trade based Money Laundering <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>The new revised UK approach and the JSMLG Guidance <\/strong><\/p>\n<ul>\n<li>UK laws-Proceeds of Crime Act 2002<\/li>\n<li>Serious Organised Crime and Police Act<\/li>\n<li>Terrorism Act 2000<\/li>\n<li>Serious Crime Act 2007<\/li>\n<li>Counter Terrorism Act 2008<\/li>\n<li>Money Laundering Regulations 2007<\/li>\n<li>Financial Services Authority Rules<\/li>\n<li>Rules of other regulators<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>The EU and the 3rd Money Laundering Directive; Possible 4th Directive; Technology and Data protection in detail <\/strong><\/p>\n<ul>\n<li>Interpol and Europol<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>The US approach to prevention and to compliance <\/strong><\/p>\n<ul>\n<li>The Patriot Act<\/li>\n<li>The Anti-Hawala Networks<\/li>\n<li>FINCEN<\/li>\n<li>OFAC<\/li>\n<li>MOU&#8217;s to offshore centers<\/li>\n<li>Offshore banking supervisors<\/li>\n<li>Intelligence agencies and MOU&#8217;s<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Corporate Misuse and Breaches of trust in detail <\/strong><\/p>\n<ul>\n<li>How they are set up<\/li>\n<li>Special rules for hedge funds<\/li>\n<li>Private equity funds<\/li>\n<li>The role of funds administrators and trustees<\/li>\n<li>Liability of various parties and knowledge<\/li>\n<li>Banks liability-when triggered<\/li>\n<li>New disclosure rules for proprietary trading<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Case study: Offshore based money laundering and corporate misuse <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Assessing the State of Legislation and Best Practices in a Cost Effective Manner -core issues of concern <\/strong><\/p>\n<p><strong>The law in major international offshore centers-core issues of concern <\/strong><\/p>\n<ul>\n<li>BVI<\/li>\n<li>Switzerland<\/li>\n<li>Cayman Islands<\/li>\n<li>Cyprus, DIFC<\/li>\n<li>Bermud<\/li>\n<li>Jersey, Guernsey<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Case studies (continued)-Corporate Misuse and offshore centres <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Applying the rules and regulations as to: Asset protection trusts <\/strong><\/p>\n<ul>\n<li>Hedge funds-disclosure rules- USA , UK , Europe , etc<\/li>\n<li>Asset dumping schemes<\/li>\n<li>Liability-Constructive and Actual knowledge and in light of<\/li>\n<li>important cases-Bear Stearns<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Enforcement, Freezing, Forfeiture and the Teeth of Anti-Fraud programmes <\/strong><\/p>\n<ul>\n<li>Materiality<\/li>\n<li>As a payment exception in letters of credit, guarantees, etc<\/li>\n<li>In securities, negotiable instruments and other matters<\/li>\n<li>The concept of fraud<\/li>\n<li>Freezing and forfeiture of assets<\/li>\n<li>Issues related to cheques, drafts and other payments<\/li>\n<li>Credit card payments, loaded cards and debit cards<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Red flags or warning signs of money laundering <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Issues of international banking (documentary credits) law <\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Case Study: Electronic payment system issues in money laundering- latest techniques and concerns <\/strong><\/p>\n<ul>\n<li>Working checklist from delegate and listed best practices<\/li>\n<li>In an international situation how to detect money laundering,<\/li>\n<li>freeze assets and use the forfeiture process &#8211; Will Asia become a new centre for money laundering as USA\/Europe tightens up?<\/li>\n<li>The sensible way forward for emerging markets<\/li>\n<li>Summary<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Dolphins Training &amp; Consultants ltd<\/strong><\/p>\n<p>View Park Towers ,10th Fl ,Utalii Lane &amp; L584-off UN Avenue, Gigiri<strong>.<\/strong><br \/>\nP O Box 27859 00100 Nairobi, Kenya Tel +254-20-2211362\/4\/5 or 2211382 Cell+254-712-636404<br \/>\n<a href=\"mailto:training@dolphinsgroup.co.ke\">training@dolphinsgroup.co.ke<\/a> <a href=\"http:\/\/www.dolphinsgroup.co.ke\">www.dolphinsgroup.co.ke<\/a><\/p>\n<p><strong>Your No.1 Corporate Training Partner DIT No.\/ 711<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><strong>We push the human race forward and so do you<\/strong><strong>&#8230;.. <\/strong> <a href=\"http:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/training-schedule\/#.U0Y4EKKoFwk\"><strong><em>Unleash Your True Potential&#8230;.!<\/em><\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AML &#8211; Anti-Money Laundering Skills Training,Nairobi and Mombasa Kenya This training course teaches you how to implement systems to combat money laundering and terrorist financing. Course Overview All financial institutions are legally obliged to implement systems to combat money laundering and terrorist financing. At the same time, Auditors must ensure that the spirit and letter [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"yst_prominent_words":[2379,2383,2371,2375,2384,2369,2377,2368,2382,2374,2385,2386,2366,2373,2372,2380,2367,2376,2370,2378],"_links":{"self":[{"href":"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/blogging\/wp-json\/wp\/v2\/pages\/1494"}],"collection":[{"href":"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/blogging\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/blogging\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/blogging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/blogging\/wp-json\/wp\/v2\/comments?post=1494"}],"version-history":[{"count":2,"href":"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/blogging\/wp-json\/wp\/v2\/pages\/1494\/revisions"}],"predecessor-version":[{"id":1578,"href":"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/blogging\/wp-json\/wp\/v2\/pages\/1494\/revisions\/1578"}],"wp:attachment":[{"href":"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/blogging\/wp-json\/wp\/v2\/media?parent=1494"}],"wp:term":[{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.dolphinsgroup.co.ke\/dolphins_training\/blogging\/wp-json\/wp\/v2\/yst_prominent_words?post=1494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}