Money Laundering
Reporting Officer (MLRO) Operational Compliance TRAINING COURSE
About the Training Course This training course is an absolute must for those MLROs and AML/CFT risk professionals seeking to keep at the top of their game.
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T
he increasing level of personal criminal liability for Money Laundering Reporting Officers (MLROs) presents a significant challenge for individuals taking on the role of MLRO, especially in the face of a vast array of complex parallel regulatory compliance frameworks affecting firms today. This includes inter alia Part 7 of the Proceeds of Crime Act 2002, Part 3 of the Terrorism Act 2000, the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (No. 692), the Financial Services Markets Act 2000, and the Criminal Finances Act 2017. Moreover, the interpretation of an array of national and
international guidelines, as well as varying Know Your Customer (KYC) standards, can prove to be taxing on heavily burdened MLROs. This intermediate to advanced MLRO Operational Compliance training course has been designed to equip MLROs with all the information and knowledge they need to perform the role of MLRO fluently and with ease. The legal Expert Trainer will guide attendees through theoretical, practical, and operational aspects of the MLRO role, as well as leading attendees through the complex AntiMoney Laundering (AML) regulatory compliance frameworks, guidelines, and industry standards.
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Module 1: A Review of the Nominated Officer Role and Responsibilities • The Role of the Nominated Officer (NO), NO Characteristics (Seniority, Risk Management Skills), NO Responsibilities. • Additional NO Responsibilities (Anti-Money Laundering (AML) Controls and Procedures, Record Keeping, Staff Training), and Counter the Financing of Terrorism (CFT) Controls and Procedures. • Customer Due Diligence (General, Enhanced, Simplified, Reliance and Record Keeping, Beneficial Ownership Information). • Risk Assessment, Policies and Procedures, Employee Screening and Training, Money Laundering Investigation and Law Enforcement, Civil and Criminal Penalties.
Module 2: AML/CFT Legal Frameworks • An Overview of Part 7 of the Proceeds of Crime Act 2002 and Part 3 of the Terrorism Act 2000. • A Review of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (No. 692). • An Overview of Section 59 Financial Services and Markets Act 2000 (FSMA) and Controlled Function Status. • Disclosure of Suspicious Activity Reports to the National Crime Agency and the Criminal Finances Act 2017.
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Module 3: AML/CFT Practical and Operational Compliance • A Guide to Legal Professional Privilege. • An Overview of the Guidelines to Prevent Transfers of Funds can be Abused for ML and TF. • An Overview of the Financial Conduct Authority (FCA) AML Annual Report (2015-2016; 20162017). • A Review of Enforcement Cases relating to Money Laundering (Standard Bank PLC, Coutts, EFG, Turkish Bank (UK) Ltd, Guaranty Trust Bank (UK) Ltd, Habib Bank AG Zurich, Deutsche Bank).
Module 4: AML and CFT Risk Assessments • Firm Wide Risk Assessment, Risk Factors, Risk Assessment taking into account the Size and Nature of the Business, European Banking Authority Guidelines on Risk Based Supervision. • Conducting a Risk-Based Approach (Focus on Outputs, Focus AML Resources, Seeking out Information on Money-Laundering Trends, Threats from External Sources). • Completing an AML/CFT Risk Assessment of the Business Utilising Risk Categories (Geographic Risk, Product Risk, Service Risk, Investor Risk, Channel Risk, Distribution Risk). • A Review of ‘FCA Financial Crime: A Guide for Firms’ and ‘Joint Money Laundering Steering Group Guidance’.
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Key Benefits 1 Attendees will take away a highly comprehensive understanding of all relevant AML/CFT and MLRO legal frameworks and obligations. 2 Attendees will be able to confidently undertake suitable, proportionate, and effective firm wide risk assessments. 3 Attendees will take on board lessons learned from past enforcement cases. 4 Attendees will fully comprehend disclosure of Suspicious Activity Reports and the nature of legal professional privilege. 5 Attendees will be fully up to date on legal professional privilege applicable in the United Kingdom. 6 Attendees will receive highly comprehensive training materials, including a training manual, training support materials, four PowerPoint presentations, and a Fifth AML Framework Report.
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The Training Course Expert Trainer R
odrigo Zepeda is Co-Founder and Managing Director of Storm-7 Consulting. He is an expert consultant who specialises in derivatives and banking and financial services law, regulation, and compliance. He is an expert in a very broad range of regulatory compliance frameworks such as FATCA, the OECD CRS, MiFID II, MAD 2 MAR, PSD2, CRD IV, Solvency II, OTC Derivatives, CCP Clearing, PRIIPs, BRRD, AML4, and the GDPR. He holds a LLB degree, a LLM Masters degree in International and Comparative Business Law, and has passed the New York Bar Examination. He was an Associate (ACSI) of the Chartered Institute for Securities & Investment from 2004 to 2014 and is now a Chartered Member (MCSI). He has created and delivered numerous conferences and training courses around the world such as ‘FATCA for Latin American Firms’ (Santo Domingo, Dominican Republic, Panama City, Panama), ‘MiFID II: Regulatory, Risk, and Compliance (London), and ‘Market Abuse: Operational Compliance’ (London), ‘AEOI (FATCA & CRS)’ (Manama, Bahrain). He has also delivered numerous In-House Training Courses around the world to major international financial institutions such
as The Abu Dhabi Investment Authority (MiFID II: Operational Compliance, Abu Dhabi, the United Arab Emirates), the United Nations Principles of Responsible Investment (MiFID II: Final Review, London), CAF, the Development Bank of Latin America (Swaps and Overthe-counter Derivatives, Lima, Peru), Rothschild Investment Management (UK) Limited (AEOI (FATCA & CRS), London) and Bethmann Bank AG (MAD 2 MAR, Frankfurt). He is a Reviewer for the Journal of Financial Regulation and Compliance and has also published widely in leading industry journals such as the Capco Institute’s Journal of Financial Transformation, the Journal of International Banking Law and Regulation, as well as e-books on derivatives law. Noted publications include “Optimizing Risk Allocation for CCPs under the European Market Infrastructure Regulation”; “The ISDA Master Agreement 2012: A Missed Opportunity”; “The ISDA Master Agreement: The Derivatives Risk Management Tool of the 21st Century?”; “To EU, or not to EU: that is the AIFMD question”; and “The Industrialization Blueprint: Re-Engineering the Future of Banking and Financial Services?”.
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About Storm-7 Consulting Storm-7 Consulting is an international consulting company that provides premier intelligence, insight and support to global financial institutions. We provide cutting-edge conferences, events, public training courses, and inhouse training courses to leading firms globally. We provide expert regulatory compliance training covering areas such as GDPR, MiFID II, AEOI (FATCA & CRS), MAD 2 MAR (Market Abuse), CRD IV, PRIIPs, Solvency II, PSD 2, CCP Clearing, AML/CFT, Stress Testing, and the Senior Managers and Certification Regime. We provide unique and highly innovative marketing services to firms operating in the banking, financial services, Regulatory Technology (RegTech), and Financial Technology (FinTech) sectors. We have received enquiries and bookings from leading firms around the world, such as the Abu Dhabi Investment Authority, Rothschild Investment Management (UK) Limited,
Dubai Financial Market, CAF the Development Bank of Latin America, the Central Bank of Ireland, the Central Bank of Russia, APG Asset Management, Royal London Asset Management, Brandes Investment Partners, Eversheds, Erste Group, Millenium Information Technologies, Deutsche Bank, Bethmann Bank AG, ICBC Standard Bank, Gulf International Bank, Raiffeisen Bank International AG, and BGC Partners. We have collaborated with firms around the world, such as the United Kingdom Financial Conduct Authority, Thomson Reuters, Sopra Steria, Sungard, Capco, OTC Partners New York, IHS Markit, Eze Castle Integration, ICMBA Centre, Sybenetix, Heriot Watt University, JP Morgan Asset Management, Custom House Global Fund Services, Cass Business School, Rixtrema, Solum Financial, D2 Legal Technology, Eurekahedge, Financial IT, HedgeConnection, Alpha Journal, ATMonitor, HF Alert, and CrowdReviews.
For Enquiries and Bookings: Tel: UK + 44 (0)20 7846 0076 Email: client.services@storm-7.com Online: www.storm-7.com