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Enterprise-Wide Money Laundering Risk Assessments (EWR): A Best Practice Guide
- 30 Day Money Back Guarantee
- Completion Certificate
- 24/7 Technical Support
Dates
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Highlights
Live Online
5 CPD Units | 5 Hours
The EIMF Live Online Learning Experience
Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
Course Overview
Regulators all around the globe emphasise the application of a risk-based approach to fight money laundering. But a risk-based approach can only be applied with a thorough enterprise-wide money laundering risk assessment as a basis.
In this course, participants will learn more about the risk assessment as a powerful management and reporting tool. The course will therefore combine EU and international standards as theory with practical best practices approaches.
Although the course will focus on money laundering risk assessments, participants will also learn how to combine the money laundering risk assessment with other financial crime assessments and to integrate it in a wider enterprise-wide risk management.
Training Objectives
Understand the key concepts of risk and risk management
Identify key information and data for the money laundering risk assessment
Be able to apply key concepts to their own money laundering risk assessments
Integrate the money laundering risk assessment in an overall risk management framework
Training Outline
Understanding risk
• What is risk?
• Key concepts for risk management
Enterprise-wide money laundering risk assessments
• Background of an enterprise-wide money laundering risk assessment
• Key information and data
• Integration of the enterprise-wide money laundering risk assessments into anti-financial crime and other risk management frameworks
Regulatory outlook
• Overview of requirements from the new EU AML Regulation and AMLA guidance
Practice example
• Practice example of an enterprise-wide money laundering risk assessment
Who Should Attend
• Money Laundering Reporting Officers (MLROs)
• AML Officers
• Compliance Officers
• Senior and Executive Management
• Internal/external auditors
• Consultants
• In-house counsel
Training Style
The programme is designed to enable the participants to understand how money-laundering (ML) risks are assessed within an organization and how companies are using the results of their enterprise-wide ML risk assessments to guide the implementation of a risk-based AML program. The programme will include practical examples to help the participants understand how to perform an enterprise-wide risk assessment.
CPD Recognition
This programme may be approved for up to 5 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Facilitators
Holger Pauco Dirscherl
Holger Pauco-Dirscherl is an experienced and passionate Senior Financial Crime Prevention Professional with a unique blend of international knowledge, expertise and experience and fluent in English together with a good reputation in the national and international Financial Crime Prevention field. He holds an MBA from The Open University Business School and is certified as CAMS, CGSS, CAMS-Audit, CFE and CFCS. He worked in different operational and managerial roles within Financial Crime Prevention covering all areas such as AML, CTF, Fraud, Sanctions and ABC as well as KYC/CDD, KYE, Cross-Border Compliance, International Information Sharing, FATCA and other Compliance topics and including auditing all such topics.. Within these areas he covered both operational activities such as Procedures, Trainings, Monitoring, Screening and Controls as well as strategic activities as Risk Assessments, Policies, Projects and Framework build-ups within an ever changing local and global regulatory environment. Holger also investigated large, complex and international Money Laundering, Sanctions, Corruption and Fraud cases and identified suspicious activity and weak controls, processes, manuals and policies. Within his activities he offered pragmatic solutions to minimise Financial Crime and Regulatory Risk. He is also a recognized SME for Financial Crime Prevention heading the ACAMS Germany Chapter which he also founded, giving a wide range of trainings and acts as a speaker on conferences and symposiums both national and international.
