Anti-Money Laundering: Strategic Planning & Collaboration

Overview

Strengthening Anti-Money Laundering Strategies

Money-laundering is vast, smart and ever evolving, which makes it a complex criminal activity to prevent and curtail. The Financial Action Task Force has referenced crowdfunding, ransomware attacks and environmental crime as just some of the newer ways through which money is being laundered. The pernicious effects of money laundering are far reaching, with the International Monetary Fund emphasising how it weakens economies, undermines tax revenues and destabilises state security.

As the FATF leads the way on setting new anti-money laundering standards in response to emerging threats, it is clear that criminals are quick to adapt and find alternative paths to launder dirty money. The risks of failing to stay abreast of the latest standards and practices in tackling money-laundering activity often results in its proliferation.

Public and private sector organisations play a crucial role in the fight against money laundering and countering the financing of terrorism. The effective implementation of legal, regulatory and operational measures and strong collaborative action with stakeholders to identify risks and vulnerabilities are some of the key responsibilities businesses and public agencies must carry out to combat money laundering and other financial crimes.

This four-day training course, based on the FATF recommendations and guidance, examines the importance and power of collaboration between the public and private sector to underpin the learning and frameworks throughout. Participants will analyse how to identify the risks and develop policies for prevention, as well as how to establish robust cooperation with stakeholders to pursue and counter efforts to launder money and finance terrorism.

Through guided learning, scenario workshops and case studies, the programme will equip AML officers, operational staff and finance officials from both the public and private sector to strengthen their AML strategies and tools to meet their obligations, deploy a risk-based approach to money laundering, and establish more robust cooperative action to counter money laundering.