Strengthen banking supervision and financial crime compliance with this masterclass on AML/CFT frameworks and governance. Participants will explore regulatory expectations for banks, including anti‑money laundering and counter‑financing of terrorism (AML/CFT) controls, risk assessments, and supervisory review. The curriculum covers FATF recommendations, customer due diligence, transaction monitoring, and regulatory reporting. Through case studies of enforcement actions, attendees will learn to implement effective compliance programs and prepare for supervisory examinations. This program is essential for banking supervisors, compliance officers, and risk managers in financial institutions.
Objectives
- Understand the global AML/CFT regulatory landscape (FATF, Wolfsberg)
- Conduct AML/CFT risk assessments for banking products and customers
- Implement customer due diligence (CDD) and enhanced due diligence (EDD)
- Design transaction monitoring systems to detect suspicious activity
- File suspicious transaction reports (STRs) and respond to inquiries
- Ensure governance of the AML/CFT program with board oversight
- Train staff on AML/CFT policies and red flags
- Prepare for supervisory reviews and audits
- Stay current with emerging financial crime typologies
Target Audience
- Banking supervisors and regulators
- AML/CFT compliance officers in banks
- Financial crime risk managers
- Internal auditors focusing on compliance
- Bank legal and compliance teams
- Consultants in financial crime compliance
Methodology
- FATF framework workshops
- Risk assessment exercises
- CDD and transaction monitoring simulations
- STR drafting sessions
- Case study analyses of AML failures
- Regulatory examination preparation
- Peer sharing of compliance challenges
