Advanced Anti-Money Laundering

Overview 

anti money launderingWith the increase of "Suspicious Transfer Reports" and "Suspicious Activity Reports" being generated by banking institutions and other financial entities, the problem of money laundering persists. Organisations must therefore equip themselves with the tools to detect and mitigate anti-money laundering activities as far as possible.

This 3-day workshop is designed to explore the ability of organisations to develop and perform anti-money laundering (AML) self-assessment audits and proactively analyse and improve their AML compliance infrastructure. Participants will review existing and planning regulatory and legislative agendas and the current areas of variance with respect to AML frameworks across the Caribbean.

 

Target Audience

This workshop would be beneficial to:

  • Financial managers
  • Executives involved in the reporting and control of risk management and compliance
  • Accountants
  • Managers responsible for a company's compliance process and training
  • Public Sector Officers responsible for state sector compliance and reporting
  • Participants of the Lok Jack GSB's introductory Anti-Money Laundering workshop

Learning Objectives

Upon completion of this workshop, participants should be able to:

  • Communicate and advise on key concepts in AML monitoring and compliance
  • Review and evaluate systems to identify and monitor illegal transaction activity
  • Design a complete AML framework for a financial and non-financial services business
  • Develop and report on a system of communication between regulators an company responsible parties
  • Stress test and self-audit AML compliance in the organization
  • Develop pre-qualification systems for implementation with company suppliers and recurring relationships
  • Manage and communicate AML risks within and across the company's range of stakeholders
  • Manage and communicate post reporting risks
  • PEP's and PIC's

Programme Outline

Designed to run over a 3-day period, the workshop will cover specific deliverables on:

  • International anti-money laundering strategies
  • Designing a complete AML framework for a financial/non-financial service company
  • Creating and improving the compliance culture
  • Dealing with legal authorities and regulators
  • Understanding product vulnerabilities
  • Duties of a money laundering reporting officer
  • Recognition, handling and reporting transactions, as well as pre and post reporting considerations
  • Wealth management and anti-money laundering
  • Enhanced due diligence and KYC

Facilitator: Nigel Chinapoo

Nigel Chinapoo is a Director of a number of local and regional ICT and financial service companies and former Chief Information Officer of a multi-national conglomerate of financial and service companies based in the Caribbean. His unique background makes him well qualified to advise on the role of financial and information communications technology processes/systems on departmental operational, change management and new business initiatives. He has over 12 years of experience in the financial and services industry both as a financial/accounting professional and technology/systems executive.

Mr. Chinapoo launched his accounting career with membership and subsequent fellowship of the Association of Chartered Certified Accountants (ACCA) in 2000/2003. He moved directly into the financial services industry in 1999 when he accepted the Finance Manager position with then Colonial Life Insurance Company and its subsidiaries throughout the Caribbean. Mr. Chinapoo's subsequent experiences include serving as the head of insurance and financial systems development at SunGard Insurance Systems in Atlanta as well as Manager of Mergers and Acquisitions at Citigroup. He also served as Chairman and Board Member with several Health and Document Imaging companies based in Trinidad and Tobago. Mr. Chinapoo's experience with leading financial organisations is complemented by his leadership roles in various industry organisations such as Chairman of the E-Teck ICT Cluster advisory Board and member of the Trinidad Chamber of Industry and Commerce's EBITT committee.

Mr. Chinapoo is a graduate of the University of the West Indies with a BSc. in Economics/Mathematics and is a Fellow of the Association of Chartered Certified Accountants (F.C.C.A.).

 

Details

Date 12th-14th October, 2015 View Event Calendar
Time 8:30 pm – 4:30 pm
Duration 3 Days
Cost TT $4,500.00 (inclusive of training materials, refreshments and Certificate of Participation) 
Please note that prices are subject to change without notice.
Venue Arthur Lok Jack Graduate School of Business
Max Richards Drive,
Uriah Butler Highway, North West,
Mt. Hope

Contact

Tel: 645-6700
Fax: 662-1411

Coordinators:

Brent Cassim - ext. 330
Anastasia Mohammed - ext. 328

E-mail: openenrolment@lokjackgsb.edu.tt

Certification

Certificates will only be issued to participants who have attained a minimum attendance rate of 75% for the duration of the course.

Course Cancellation/ Reschedule Policy

Arthur Lok Jack GSB (ALJGSB) reserves the right to cancel training at any time. If ALJGSB cancels the training due to unforeseen circumstances beyond the control of ALJGSB, you are entitled to a full refund of the course fee, or your course fee can be credited toward a future training, based upon availability (providing payments have been made before original advertised date).

ALJGSB reserves the right to reschedule training at any time. If ALJGSB reschedules training due to unforeseen circumstances beyond the control of ALJGSB, the training will take place at the next available time. Participants will be informed via phone and/or e-mails.

 

  

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