Risk-based Approach to Anti-Money Laundering & Countering the Financing of Terrorism Workshop

2-day Practical Workshop in Hongkong

New and emerging risks, heightened terrorist threats — Authorities are going on the offensive against money laundering and terrorism financing with tighter regulations. Can you adopt risk assessment approaches that balance business growth and regulatory compliance? Do you know how to assign risk ratings for quantitative and qualitative information? Can you ensure controls commensurate with actual risks?

Hear Industry Best Practices to Assess ML/TF Risks, Meet Regulatory Expectations

Join this 2-day practical workshop to acquire proactive, risk-based strategies to maximise your AML/CFT programme effectiveness. Find out regulators’ expectations on the assessment of critical customer, product and geographic risks with proper scoring and risk rating. Gain insights into how companies determine the threshold for AML compliance and implement robust controls to manage high risk customers and products. Examine grey areas in carrying out Know Your Customer (KYC), sanctions screening and transactions monitoring to avoid compliance pitfalls.

Benefits of Attending

  • Acquire Key Risk Indicators (KRI) to detect red flags in customer behaviour, transaction monitoring
  • Learn how to use data analytics to identify critical high-risk targets and geographical areas
  • Find out how to identify ML risks in trade-base finance and correspondent banking
  • Takeaway balanced cost-benefit approaches and effective templates for AML risk assessment
  • Learn the drivers and key attributes for measuring and prioritising financial crime risks
  • Identify gaps and hotspots in current AML/CFT policies, procedures and processes
  • Discover how to quantify qualitative information with proper risk scoring, matrices and methods
  • Review enterprise-wide inherent risk, control effectiveness and residual risk
  • Define the acceptable level of risk and controls needed for your organisation
  • Pick up key attributes when developing a comprehensive AML compliance framework
  • Uncover the critical elements to building a strong compliance culture
  • Evaluate the systems and solutions available to automate transaction monitoring
  • Analyse representative transaction monitoring scenarios and the alert management process
  • Examine regulatory developments in Asia and future updates to look out for
  • Find out the impact of FATF standards on financial and non-financial institutions
  • When?

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