• Understanding current global AML priorities and recent legislative changes
• Consider emerging financial crime and conduct risk issues to aid a review of the adequacy of awareness levels and the suitability of existing controls
• Have the tools to implement enhancements and positive cultural changes in response to lessons learnt from money laundering investigations and prosecutions
• Understand the risk-based approach advocated by the first international compliance standard, ISO 19600, launched in 2015.

Session Outline – Day 1

International Money Laundering Frameworks and Conventions

• A look into the key international bodies, treaties, frameworks and conventions which have been established to combat money laundering and terrorist financing, including an idea of how and why these developed in the way they did.

Overview of the Risk-Based Approach

• What is the Risk Based approach in theory and in practice?
• Risks – Reputational, Operational, Legal, Personnel.
• Suspicious Activity and filing of Suspicious Transaction Reports (STR’s)

Combatting Money Laundering

• What is being done in the global marketplace to fight back against criminals who always seem one step ahead?
• KYC
• An overview of KYC, including the core components which comprise an institutional KYC Framework:
  1. On-Boarding
  2. Due Diligence
  3. Simplified Due Diligence
  4. CDD (ID, Verify, Accept, Monitor)
  5. Enhanced Due Diligence
• Screening Tools & Systems (Automatic False Positives, False Positives, Positive Hits, Alert Hits, TFS Hits)
• Ongoing Due Diligence & KYC, including periodic review and Batch Screening
• Politically Exposed Person’s and Other High-Risk Categories, including Source of Funds & Wealth
• Jurisdictional variation based on the Risk Based Approach and countries with Strategic Deficiencies

On-Boarding and Beneficial Ownership

• EU 4th and 5th Anti Money Laundering Directive; updated information on Beneficial Ownership
• Financial Crimes Enforcement Network (FinCEN) Final Rule 2016
  1. The Final Rule for CDD On Beneficial Owners is a globally applicable benchmark for screening of customers for anti-money laundering purposes, in force from May 11th, 2018
  2. An overview of the Final Rule, what this means for Covered Businesses and others, and how we can use the information to improved screening and knowledge of customers

Session Outline – Day 2

Developments & Changes in The Regional and Local Regulatory Environment

• Overview of local and global changes to legislation and regulatory requirements
• How are these changes linked to the changing of the Recommendations from the Financial Action Task Force?

Emerging AML Trends and Threats

• A look at key trends impacting financial institutions today from an AML perspective, including cyber security, virtual and digital currencies, trade-based money laundering, and resource constraints.
• Review of FATF Guidance for a Risk-Based Approach to Virtual Currencies (2015)

Trade Based Money Laundering

• The fundamentals of trade-based money laundering
• Key TBML Red Flags ▪ Variable physical goods
• Variable pricing of goods
• Black market peso exchange

Sanctions Law & Proliferations Financing

• Global sanctions architecture – Political, Legal and Implementation context
• The international context and UN Security Council Resolutions (UNSCR’s)
• Countering America’s Adversaries Though Sanctions Act (CAATSA) and the Joint Comprehensive Plan of Action (JCPOA)
• Transparency, control and ownership
• Developing the control framework
• Sanctions lifting and roll back
• Identifying higher risk jurisdictions and activities

• Personnel who are directly or indirectly involved in identifying, assessing, monitoring and testing money laundering risks including front office/client contact officers, operations officers, business control officers, internal auditors, compliance officers, risk officers;
• This session also welcomes individuals who are interested in performing AML risk management and/or audit.

Governance and Risk Compliance Specialist: Mr. Sam Gibbins

Sam is the Founder of Complilearn, providing specialist and advanced Compliance learning and consulting to clients globally. He has extensive experience developing and delivering content across a wide range of Governance, Risk, and Compliance areas, to a variety of industry sectors. Sam has been based in Singapore for over nine years working on consulting, learning and development across a range of public and private institutions.

Previously Sam was the General Manager, Asia, for Governance Risk & Compliance Solutions, building the corporate presence in the Asian market across a wide and varied client base, for both facilitated workshop and online legal and compliance training solutions. In this role Sam spent over four years growing the business through acquisition of new clients and based on strong feedback for a range of delivered projects, encompassing workshop delivery, in house sessions, online learning and consulting engagements.

Prior to joining GRC Solutions, Sam spent five years in Singapore as a Director at the International Compliance Association, developing, building and promoting courses under the Financial Industry Competency Standards. These standards were categorised under the Workforce Skills Qualification (WSQ) system from the Singapore Workforce Development Agency (now Workforce Singapore), helping to build the competence of working professionals through development, enhancement and application of skills and knowledge.

Alongside this, Sam also worked on the skills and competency-based development framework and associated courses, for Compliance and Anti-Money Laundering with the Asian Institute of Finance and the Asian Institute of Chartered Bankers (formerly IBBM), as well as with the Australian Financial Markets Association. In recent years he has helped establish a number of ‘Compliance Academies’ at global firms.

Sam has completed the Advanced Certificate in Training and Assessment with the Institute for Adult Learning, the in-house training division of the Singapore Workforce Development Agency. He possesses a BA (Hons) from King’s College, University of London, as well as a Diploma in Anti Money Laundering from the International Compliance Association, and is also a Certified Compliance and Ethics Professional (International) with the Society for Corporate Compliance and Ethics. He is a member of the Singapore Institute of Directors, the Australian Chamber of Commerce, the International Compliance Association, the Singapore Training & Development Association, and the Adult Education Network.