AML/CFT Mastery and Specifics
1) Session
- The process of money laundering and terrorism financing and the urge to fight against it
- Practical examples of money laundering
2) Session
- Offshore financial centers and the risks associated with them
- Practical examples of the use of offshore companies for money laundering
- ML/TF Red flags.
3) Session
- Local and international oversight and regulatory framework
- Annual Report of the Financial Monitoring Service
- Moneyval fourth round assessment for Georgia
4) Session
- Client Onboarding
- KYC & CDD
- Ongoing CDD Requirements
5) Session
- Risk-based approach and AML risk classification
- Risk assignment criteria, methods of their implementation in practice and risk weighting
- Organizational risk assessment
6) Session
- Study of the structure of a legal entity
- Practical examples of determining the ultimate beneficial owner
7) Session
- International sanctions
- Monetary penalties for local and international financial institutions
- The procedure for determining and imposing monetary fines
8) Session
- Reporting obligations to the National Bank and the Financial Monitoring Service.
- Money Laundering and Terrorist Financing Risk Oversight Report
- Employee responsibility and the importance of raising awareness of ML/TF in financial organizations
- Final test
After successfully completing the training, you will receive a bilingual certificate.
