AML/CFT COMPLIANCE FOR PRIVATE BANKING GROUP
Details
- To teach participants impact of AML/CFT laws on Banking Products and Services
- To demonstrate to participants the consequences of Noncompliance
- To show participants the vulnerability of Private Banking to ML & TF
- To provide participants with the right skills to perform EDD procedures
- To expose participants to the concept of PEPs and the Regulatory Framework
- To enable participants understand the best practice associated with handling LEAs requests
- To exposure participants to managing profitability with compliance
Outline
COURSE CONTENTS
- Understanding the Spirit of Compliance
- The 20 Principles of Customer Due Diligence
- The 4 Pillars of Customer Due Diligence
- Risk-Based Approach to Customer Due Diligence
- Emerging & Contemporary Issues in CDD
- Essentials & Red-flags Associated with Private Banking
- STR & SAR Framework
- Consequences of Non Compliance
DataPro is regarded today as the leading and most experienced Anti-Money Laundering & Combating the Financing of Terrorism (AML/CFT) compliance training and consulting firm in Nigeria. As the first indigenous AML/CFT compliance solution provider, it has partnered with all the relevant agencies in spreading the gospel of compliance.
It offers AML/CFT compliance consulting and training services to more than 80% of the banks and other non-bank financial institutions in Nigeria.
In 2006, we partnered with the Association of Certified Anti-Money Laundering Specialists (ACAMS) in organizing the now annual Program on AML/CFT Compliance in Dubai, UAE for all stakeholders in West Africa.
DataPro has consulted for GIABA (Inter-Governmental Action Task against Money Laundering in West Africa), the FATF-Style regional body.
In July 2010 it motivated the Central Bank of Nigeria (CBN) and the Nigerian Financial Intelligence Unit (NFIU) to jointly organise the first ever AML/CFT compliance training for Directors of all banks and Discount Houses in Nigeria.
Since its inception in 1995, ...
Related Courses
