AML/CFT Awareness - Taking Client Responsibility
Category
AML/CFT
Format
Workshop or e-Learning
Duration
eLearning 40-60 minutes
Workshop: Half day
Start
eLearning: anytime
Workshop: at request
AML/CFT Awareness – Taking Client Responsibility
Rules and regulations are translated by compliance departments into policies. Thereafter operational departments, commercial teams and client serving units translate that into operational procedures.
But how do client facing and operational staff implement that on a day-to-day basis?
The risk manifest itself mostly through the bank’s interaction with its customers and to manage this exposure effectively most banks have adopted a ‘3 lines of defence’ model. This means tasks and responsibilities are allocated to different organisational entities to create a checks-and-balances equilibrium.
However, the success of this model hinges on stakeholders having a thorough understanding of the division of roles, tasks and responsibilities, and as experience shows, this can be a challenge. The ‘Taking Client Responsibility’ training addresses this challenge effectively and provides management comfort that the firm’s reputation risks are under control.
| DURATION: | This training requires a half day commitment |
| 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 combination of PowerPoint presentations and case studies will encourage participants to:
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| COURSE OVERVIEW: |
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