This training course offers a comprehensive and structured approach to the rules, obligations and situations faced by Compliance Officers involved in the fight against money laundering and terrorist financing (AML/CFT).
Based on real-life situations and the professional experience of participants, the programme provides an in-depth understanding of the regulatory and theoretical foundations while developing a pragmatic and operational analysis of AML risks. The aim is to strengthen judgement, consistency in decision-making and the quality of documentation in a demanding regulatory environment.The training is delivered entirely in a virtual classroom, promoting interactivity and exchangesbetween participants.
Training objectives
By the end of the training, participants will be able to:
Duration and organisation
The training takes place over a period of two months.
It comprises ten 4-hour modules, supplemented by several e-learning sequences.
The total duration of the training is 45 hours.
Teaching methods
Participants receive all course documentation at home, along with access to the distance learning platform.
This platform provides:
Courses are delivered live, recorded and made available to participants at the end of each session.
A WhatsApp group is also set up to encourage discussion and the sharing of experiences throughout the training course.
Target audience
This training is intended for professionals involved in compliance functions within financial intermediaries, as well as employees working in audit firms.
Prerequisites
To be admitted to the training course, candidates must provide evidence of:
or
Assessment and certification
The training programme concludes with:
Successful completion of these tests leads to the award of the Compliance Officer – AML Specialist Diploma.
The module focuses on the condition for exercising as a Financial Intermediary, i.e proper and irreproachable activity throughout its organisation and activities. Financial intermediary’s liability in the event of AML breaches which can lead to criminal responsibility of the entity, including the potential liability of the Compliance Officer.
The organisation that a financial intermediary must set up for proper AMLA risk management according to FINMA circular 2017/1 and the various tasks of specialised AML services.
Understanding of the notion of money laundering within the meaning of article 305bis of the Swiss Criminal Code, i.e. act of frustrating the identification of origin, predicate offence, criminal organisation, terrorism 260ter SPC, corruption acts 322ter et seq.
AML risk management from the perspective of the FINMA AMLO and the application of the concepts of risk based approach and KYC. The criteria of high risks and the documentation required for clarifications.
The main types of so-called “complex” structures and the classification criteria. Analysis method based on concrete examples of structures presenting risks from a criminal or tax analysis as well as the documentation requirements to evidence the understanding of such structure.
How to analyse a business relationship from the point of view of the AML risk. The purpose of the additional clarifications and their content from the financial intermediary’s point of view and FINMA’s expectations regarding these clarifications.
Monitoring transaction in terms of process and closing of transactional alerts. Analysis and assessment of transactions (based on documentation and clarifications) as well as their follow-up and validation. Transactions related to terrorism financing.
Business relationships involving PEPs and the level of risk analysis of a PEP relationship from another high-risk relationship. Concept of potentates with an overview of the law on illicit assets. Patterns of structures in relation to corrupt acts and bribery.
Due diligence focusing on the verification of the contracting partner’s identity and the beneficial owner’s identification. Need of corporate documents of the Anglo-Saxon jurisdictions. Specificities of each form and how to proceed in the event of an underlying company, insurance wrappers, etc.
The obligation to report to MROS under the AML. Case law on failure to report. Prescription of the prior crime. Presentation of the goAML tool: how to process the communication: without transaction or with transactions. Method and practical cases.