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Combat Money Laundering (ROI)
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A comprehensive grounding in AML/CFT essentials, including:
the principal Irish AML/CFT legislation, including the Criminal Justice Acts 2010 to 2018, the Terrorism Act 2015 and changes arising from the Fifth EU AML Directive.
the four main responsibilities for preventing financial crime.
the key elements of a risk-based approach.
identifying the customer, accepting new business and reporting suspicious transactions.
Why Combat Money Laundering?
outlines the characteristics and stages of money laundering.
describes the effects of money laundering.
lists the basic traits of terrorist financing.
Your Legal Obligations
outlines the four legal obligations to stop money laundering.
discusses the provisions of the Fourth EU Money Laundering Directive.
defines the purpose of Customer Due Diligence (CDD).
illustrates when and how to report suspicions.
describes how tipping-off can occur.
describes the potential consequences of not fulfilling money laundering obligations.
Identifying the Customer
describes Standard, Simplified and Enhanced Due Diligence.
outlines when CDD should be conducted and the considerations involved when outsourcing CDD to a third party.
indicates how to verify customer details, including those for corporate customers.
explains the main CDD requirements for PEPs and beneficial owners.
outlines the characteristics of money laundering transactions and describes the signs of terrorist financing transactions.