ABOUT

The ‘AML and CFT Typologies, Methodologies, and Risk Assessments’ Training Programme adopts a highly practical and operational approach to the implementation of effective and proportionate firm Anti-Money Laundering (AML) and Counter-the-Financing of Terrorism (CFT) compliance frameworks.

Attendees will significantly benefit from highly practical instruction on a range of money laundering methods being utilised across the United Kingdom (UK) and the European Union (EU), as well as practical analysis of global methodologies employed by money launderers in relation to concealment of beneficial ownership. In addition, attendees will be guided through establishing and optimising internal firm AML and CFT risk assessments, tailoring the risk-based approach to the firm in a proportionate manner, and implementing more advanced firm risk assessment methodologies and risk monitoring frameworks.

The Programme provides an ideal mix of theory with practical guidance and infused with case operational case studies throughout. 

TRAINING PROGRAMME

SESSION 1: A Review of Money Laundering Methods

·     Assets (gold, jewellery, raw diamonds, antiquities, art); Real Estate (Legal Estate, Equitable Interests, Property Values, Cash Deposits); Deposit Boxes; Private Cash Deals; Currency Exchange Offices, Loans and Mortgages.

·     The Growing Use of Third-Party Intermediaries (TPIs) (Consulting Firms; Legal Professionals; Trust and Company Service Providers; Accountants) and New Areas (Capital Markets; Mergers and Acquisitions).

·     TPI Vulnerabilities (Shelf Companies, Directorship, Trustee, Virtual Office, Mailbox Services, Trusts, Client Accounts, Client Advocacy and Brokerage Services), and Environmental Vulnerabilities (Jurisdictional Vulnerabilities, Vulnerable Business Practices).

SESSION 2: Concealment of Beneficial Ownership

·     What is Beneficial Ownership; Beneficial Ownership Requirements around the World; Beneficial Ownership Registries.

·     Misuse of Legal Persons and Arrangements (Capital Companies, Partnerships, Limited Liability Companies, Foundations, Trusts).

·     Techniques used to Obscure Beneficial Ownership (Complex Ownership and Control Structures, Use of Individuals, Use of Financial Instruments, Falsifying Activities).

SESSION 3: 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 (EBA) 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).

SESSION 4: Advanced Risk Assessment Methodologies and Monitoring

·     Client Risk Rating (Jurisdiction, Political Status, Legal Persons and Arrangements, Industry Type); Country or Geographic Risks; Product Type Risks; Delivery Channel Risks; Risk Rating Methodologies; Risk Rating Scale.

·     Integration of Third-Party Systems (Criminal Records, Black Lists, White Lists, PEPs, Corruption Indexes Negative News Screening, Data Feeds (Application Programming Interfaces (APIs))). 

·     Transaction Filtering and Monitoring, Automated Analytics, Internal Audit (Audit Committee Participation, Subject Matter Knowledge, Escalations, New Business Committee).

EXPERT TRAINER

Rodrigo 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)’ (London, Lebanon, Dubai, Malta, Manama, Bahrain); AML/CFT: Operational Compliance (Dubai, London); MLRO: Operational Compliance (London).

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 Over-the-counter Derivatives, Lima, Peru); Eurex Exchange (CCP Clearing, Risk Management, Recovery and Resolution, Eschborn, Germany); European Energy Exchange AG (CCP Clearing, Risk Management, Recovery and Resolution, Leipzig, Germany); Rothschild Investment Management (UK) Limited (AEOI (FATCA & CRS), London); Resolution Life (AEOI (FATCA & CRS, London); CCP Clearing, Risk Management, Recovery and Resolution; Bethmann Bank AG (MAD 2 MAR, Frankfurt); Saxo Capital Markets (MAD 2 MAR, London); and Invesco Management, S.A. (AML/CFT, Henley); Validus Risk Management (OTC Derivatives, Eton).

For 2019 he has created some of the most cutting edge training courses available on the market today, including Artificial Intelligence in Banking and Financial Services; Supervisory Technologies (SupTech); The European Margin Rules; The 2018-2020 Collateral Paradigm; AML & CFT Advanced Practitioner; Virtual Currencies, AML, CFT: Operational Compliance; and Behavioural Persuasion Masterclass. 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?”.

Disclaimer

ISDA® is a registered trademark of the International Swaps and Derivatives Association, Inc., and Storm-7 Consulting Limited is neither sponsored by nor affiliated with the International Swaps and Derivatives Association, Inc. (ISDA), and the public is hereby informed that Storm-7 Consulting Limited holds no commercial, private, or other relationship with ISDA.