AML Awareness - Taking Client Responsibility
Research* estimates that 70% of all laundered criminal money passes through the financial sector. This implies that banks are exposed to risks that, if not managed prudently, could lead to significant reputational and financial damage.
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.
*UNODC, 2011
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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AML Awareness - Taking Client Responsibility
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