Certificate Program on Anti money Laundering

Program

To provide an understanding of:

  • Understand your legal and regulatory obligations.
  • Acquire a knowledge of the MLRO/NO role in practice.
  • Gain essential perspective on the broader agenda of financial crime.
  • Understand how to put in place a risk-based customer due diligence regime.
  • Identify where risk-based requirements end and mandatory requirements begin.
  • Explore the challenge of managing the whole AML/CTF process.
  • Day 1
    1. MONEY LAUNDERING /HAWALA INTRODUCTION
    2. MONEY LAUNDERING - PROCESS & METHODS
    Global Phenomenon, Tainted Money or Dirty Money, Washing of “Dirty” Money Methods used for Money Laundering
    Money Laundering – Case Studies Role of Technology
    3 Stages of Money Laundering Sources of Tainted Money
    Study on Hawala case Effects of Money Laundering
    3. STUDY OF FAMOUS AML CASES IN INDIA 4. LEGISLATION & INTERNATIONAL COOPERATION
    Nokia Legislations against Money Laundering
    Voda Financial Action Task Force (FATF)
    Sharda Anti-Money Laundering Measures in India
    Mehta RBI Guidelines regarding AML
    Parikh Technology in AML Measures
    5. KYC – KNOW YOUR CUSTOMER Money Laundering Avoidance Software
    Elements of Client Due Diligence
    Client Acceptance Policies
    Client Identification Procedures
    Identification of Beneficial Ownership
    Clients of Special Categories
    Risk Based Approach
    Periodic Review of KYC data

    Day 2
    6. KYC - OPERATING GUIDELINES 7. REPORTING OBLIGATIONS
    Customer Profiling Cash Transaction Reporting (CTR)
    Opening Closure/ Monitoring of Accounts Counterfeit Currency Reporting (CCR)
    Suggested Safeguards Suspicious Transaction Report (STR)
    Credit Cards/Debit Cards/Smart Cards/Gift Cards Non-Profit Organization Transaction Reports (NTRs)
    ‘At Par’ Cheque Facility 9. RECORD KEEPING & RETENTION OF RECORDS
    8. TRANSACTION MONITORING Transaction records
    Approach of Banks for Monitoring of Transactions Records of identification procedures
    Essentials of Transaction Monitoring process Authorized deposit-taking accounts
    Transaction Level Monitoring and ongoing due diligence AML/CTF programs
    Methods of Monitoring Correspondent banking
    Suspicious Transaction Monitoring and Reporting Remittance registration
    Name Screening
    10. INVESTOR EDUCATION;
    PMLA Act & Anti Money Laundering Standards
    Client Due Diligence
    Client of special category
    Obligations of security market intermediaries under Prevention Of Money Laundering Act, 2002

    Assessment & Certificate will be provided from Bombay Stock Exchange Institute Ltd!!!

  • Senior Executives from Banks
  • Corporate Executives
  • Treasury Managers
  • Insurance Companies
  • New/recently-appointed NOs
  • Compliance officers, Internal auditors
  • Financial crime and risk officers
  • Capital Market Intermediaries
  • Students and Investors
  • 2 Days
    10.00 am to 5.30 pm

    Rs. 8,260/- (Inclusive of Tax)

    For further details regarding contents,
    E-mail: training@bseindia.com