AML Awareness - Taking Client Responsibility
Research* estimates that 70% of all laundered criminal money passes through the financial sector, which represents a source of significant reputational risk for banks. This exposure, which manifests itself mostly through the interaction with customers, needs prudent management and most banks have adopted a ‘3 lines of defence’ model to address the client related AML/CFT risks.
However, to apply this model successfully hinges on a thorough understanding of the roles and responsibilities of each line, and as experience shows, this can be a challenge.
*UNODC, 2011
DURATION: | APPROXIMATELY 45 – 60 minutes including knowledge checks |
TARGET AUDIENCE: | The target audience includes Client Relationship Managers, Customer support staff, Compliance Officers, Senior management. |
COURSE OVERVIEW: | The AML/CFT & Client Responsibility course has especially been designed by subject matter experts. In this highly interactive course, participants will learn about taking responsibility for their role in the ‘3 lines of defence’ model |
COURSE OBJECTIVES: | After completing the training a participant will be able to:
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METHODOLOGY: | The course has been developed using the latest e-learning authoring tools and is informative, interactive and engaging |
COURSE OVERVIEW: |
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AML & Taking Client Responsibility
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