ABOUT

The ‘Money Laundering Reporting Officer (MLRO): Operational Review and Legal Update’ Training Programme has been specifically developed in order to ensure that MLROs obtain a highly comprehensive understanding of their operational and legal obligations under United Kingdom (UK) and European Union (EU) legislative frameworks. The Programme will ensure that MLROs under the law relating to Anti-Money Laundering (AML) and Counter-the-Financing of Terrorism (CFT) regulations, including law enforcement approaches, trends, and civil and criminal penalties. It will also ensure that attendees are guided through the latest AML and CFT global trends and challenges, as well as relevant practical case studies. Attendees will understand not only which areas pose higher risks for firms across the EU, but also how to address such risks within their internal firm AML and CFT control frameworks.  

SESSION 1: AML and CFT Global Trends and Challenges

·     Global View of AML and CFT Cases and Fines, Developments in High Risk Third Countries, Developments in Higher Risk Third Countries; An Update on High End Money Laundering, Strategy and Action Plan.

·     An Overview of the Financial Conduct Authority (FCA) AML Annual Report (2015-2016; 2016-2017).

·     A Review of ‘FCA Financial Crime: A Guide for Firms’ and ‘Joint Money Laundering Steering Group Guidance’.

SESSION 2: A Review of the Nominated Officer Role and Responsibilities

·     The Role of the Nominated Officer (NO), NO Characteristics (Trust, Seniority, Independence), NO Responsibilities; Additional NO Responsibilities (Anti-Money Laundering (AML) Controls and Procedures, Record Keeping, Staff Training), and Countering-the-Financing of Terrorism (CFT) Controls and Procedures.

·     Client Due Diligence (General, Enhanced, Simplified, Reliance and Record Keeping, Beneficial Ownership

·     Information).

·     Risk Assessment, Policies and Procedures, Employee Training, Money Laundering Investigation and Law Enforcement, Civil and Criminal Penalties.

SESSION 3: The Fourth AML Directive and European Supervisory Guidelines

·     The Fourth AML Directive (4AMLD) (Mitigating Measures; Definitions; 4AMLD Obliged Entities; Exceptions; Commission Risk Assessment; Member State Risk Assessment; 4AMLD Obliged Entity Risk Assessment).

·     Third Party Outsourcing (Third Parties; Third Party Outsourcing Conditions); High Risk Jurisdictions (Financial Action Task Force (FATF) High Risk Jurisdictions; European Union High Risk Third Country List).

·     Beneficial Ownership Information (Beneficial Ownership Central Register; Beneficial Ownership Information Exemption); The European Supervisory Authorities Guidelines; Commission Assessment (40 Products or Services; 11 Professional Sectors; Findings).

SESSION 4: AML and CFT Legal Frameworks

·     An Overview of Part 7 of the Proceeds of Crime Act 2002 (Section 340 Definitions; Section 327 Concealing etc; Section 328 Arrangements; Section 329 Acquisition, Use, and Possession) and Part 3 of the Terrorism Act 2000 (Terrorist Property; Fund Raising; Use and Possession; Funding Arrangements).

·     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 and the Criminal Finances Act 2017.

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.