08:45 – 09:00

 Registration

09:00 – 11:00

• AML Compliance CultureImportance of fostering an AML
  • compliance-oriented organizational culture
  • Role of leadership in promoting AML compliance awareness
• AML/CFT Regulatory Compliance
  • Overview of relevant AML/CFT regulations (e.g., FATF recommendations, local laws)
  • Compliance challenges faced by financial institutions
• AML/CFT Explained
  • Key principles and objectives of AML/CFT frameworks
• KYC / EDD
  • Importance of KYC in risk assessment
  • Different levels of due diligence (standard, simplified, enhanced)

11:00 – 11:15

   Break

11:15 – 12:30

• Suspicious Activity Reporting
  • Reporting obligations for financial institutions
• Correspondent Banks
  • Due diligence and risk mitigation strategies
• Transaction Monitoring and Supporting Documentation
  • Importance of robust transaction monitoring systems
  • Types of supporting documentation (e.g., source of funds, beneficial ownership)

12:30 – 12:45

   Break

12:45 – 14:30

• AML Monitoring System
  • Challenges and best practices
• Sanctions
  • Understanding economic sanctions