Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Anti-Money Laundering, Economic Crimes and Countering Terrorisim Financing Course

By: Tom Associates Training  

Lagos State, Nigeria

22 - 24 May, 2019  3 days

Follow Event

  

NGN 125,000

Venue: 5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos

Executives in banks, non-bank financial institutions and other business organizations that move money internationally, especially those manning operations of the treasury and international functions need the tools and skills to analyze their opportunities and the accompanying risks.

This two-days training presents the requisite knowledge and understanding.

Course Contents

DAY ONE

  • Basic AML/ CTF Concept And Regulatory Responses
  • Understanding Anti-Money Laundering/Countering the Financing of Terrorism (AML/CTF)
  • The historical background and general introduction
  • Basic elements and concepts of AML/CTF
  • Changes in risk profiles

Anti Money Laundering and Economic Crimes - Sources

  • Bribery and corruption
  • Cheating
  • Forgery
  • Extortion
  • Currency exchange fraud.

Money Laundering Cycle

  • Initiating crime
  • Proceeds washed into legitimate commerce
  • Proceeds moved to different accounts
  • Proceeds revert legally to criminal perpetrator
  • Purchases with proceeds.

Understanding and Responding to Suspicious Transactions

and Activities

  • Understanding predicate offences
  • Conspiracy to violate money laundering laws
  • How illegal money and assets are converted for legitimacy
  • Legislative pronouncement (global and local)
  • The regulatory framework
  • Filing a suspicious activity report
  • Operating a robust AML compliance program
  • Commitment to economic and transaction scrutiny ethics
  • Implementing currency exchange controls
  • Controls governing responses to regulatory inquiries and audits
  • Compliance - Applying rules indiscriminately
  • Monitoring, reporting and continuing review of compliance
  • Duties and obligations of stakeholders and professionals in AML/CTF regime.

DAY TWO

AML/CTF Implementation Beyond Regulatory Compliance: A Risk Management Strategy

  • Indicators and red-flags to suspicious transaction - suspicious activities
  • Appropriate reporting - response to suspicious transaction/activities
  • Compliance monitoring - basic requirements and how to monitor   compliance
  • The risk exposure of AML/CTF to individuals, entities, the nation and the globe
  • Mitigations strategies to the risk exposure
  • Identifying the challenges to effective AML/CTF implementation.

AML/CTF and Financial Institutions

  • Deposit Money Banks
  • Insurance Firms
  • Capital Market
  • Bureau De Change
  • Finance Houses
  • International Finance Institutions
  • Compliance issues
  • Continuous Training Requirement.

Money Laundering Investigation Routes

  • Loan back arrangements
  • Bureau de Change and other FX changers
  • Credit and debit cards
  • Share and bond purchases
  • Intermediaries - lawyers, accountants, private bankers
  • Real estate
  • Commodity trading
  • Insurance policy.

DAY THREE

Money Laundering Risks for Organizations

  • Legal risk (litigation, fines, imprisonment)
  • Reputational risk (adverse publicity, tainted image)
  • Operational losses.

Measures Against Money Laundering

  • Board oversight
  • Policies and their application
  • Internal Control effectiveness
  • Audit trail watch
  • Cash transactions watch
  • How to make a report.
5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos May 22 - 24 May, 2019

Registration: 08:30:am - 09:00:am

Class Session: 09:00:am - 04:00:am

NGN 125,000.00(Including VAT)
(Convert Currency)

Mr Abiodun Toki 08033019120

3 – 4 participants: 5% discount 5 or more participants: 10% discount
NST PPC Advert
Related Courses
Managing Conflict and Difficult Situations at Work Course Managing Conflict and Difficult Situations at Work Course

2 day, 30 - 31 Jan, 2020 

2020-01-30 12:01:00
Lagos State, Nigeria

Tom Associates Training

This Managing Conflict and Difficult Situations at Work will discuss the following: Course Contents Day One Common causes of conflicts at work Signs of conflicts Common Conflict Triggers Different ...

Foundation Excel for Financial and Business Analysis Course Foundation Excel for Financial and Business Analysis Course

4 days, 28 - 31 Jan, 2020 

2020-01-28 12:01:00
Lagos State, Nigeria

Tom Associates Training

This course is designed as an introduction to basic spreadsheet tools and formulas. Candidates will be able to map data to predict the future. Major corporations and small businesses alike use ...

Strategic Managerial Accounting:Cost Behavoiur, System and Analysis Course Strategic Managerial Accounting:Cost Behavoiur, System and Analysis Course

4 days, 21 - 24 Jan, 2020 

2020-01-21 12:01:00
Lagos State, Nigeria

Tom Associates Training

This course presents how Strategic Managerial Accounting primarily links the goals of the organization with its analysis of cost accounting as well as its management information systems. But beyond ...

Fundamentals of Stakeholder Engagement Process and Management Course Fundamentals of Stakeholder Engagement Process and Management Course

3 days, 15 - 17 Jan, 2020 

2020-01-15 12:01:00
Lagos State, Nigeria

Tom Associates Training

At the base of a project or programme, Stakeholders are variously significant for the solid success. Management of these Stakeholders hinges on understanding the principles behind their behaviours ...