Conducting AML Investigations

Money laundering is of the biggest challenges facing the financial sector today – as the scale of fines handed out by regulators increases, it is imperative that all those working in this sector or providing services to it are aware of the changing nature of money laundering and how they can take steps to stop it.

In addition, the number of businesses now subject to ML regulations, so-called ‘obliged entities’ has widened considerably and the regulators are insistent that staff at these organisations are fully trained in how to identify and investigate potential instances of money laundering.

Our market leading course covers all the up-to-date challenges facing obliged entities, both regulatory and in FCC terms and is packed with real life case studies and examples to show delegates how money laundering can be identified and the investigative process, equipping delegates with the skills needed to successfully meet the regulatory requirements and industry best practice.

 Taught by the leading trainer in this area you will learn:

• The scale of the problem and how potential money laundering is present in every part of the value chain, no matter what the business
• Regulatory updates and responses – the FATF, Wolfsberg etc. and how to use their guidance in the investigative process
• The role of the MLRO
• Skills needed to conduct successful investigations
• Data capture and analysis
• The importance of professional scepticism
• Whistleblowing & cultural issues
• Differences between unusual and suspicious
• The formal stages of an AML investigation
• Escalation & Reporting - SARs/STRs – best practice
• Post-investigation issues

The trainer has a unique blend of experience in Banking, Investment Banking, Asset Management and the Sports Industry. His expertise is valued worldwide reputation for the quality of his training courses which are complimented by his recent experience within the financial services and professional services industries.

He read History at Cambridge and then trained as a stockbroker in London before working with Dutch, Canadian and US investment banks in their sales, sales trading and trading departments. For three years he was given compliance oversight for a regulated investment bank based in Edinburgh.

He spent three years in India managing the learning & knowledge transfer section of a large investment banking offshoring project and then a year in Moscow, setting up the L&D Department [coupled with Graduate Recruitment] for Russia’s largest Investment Bank.

The trainer then moved to the Gulf where he was hired to set up the L&D and Graduate Recruitment areas for one of the world’s largest Sovereign Wealth Funds as well as overseeing compliance training for the organisation. Following this, he was seconded to perform the same function at the World Cup organising Committee.

He has recently also been Chair of a small regulated lending institution in the UK

Between these stints back inside businesses, for the past 30 years he has acted as an independent consultant and financial trainer with a focus on Financial Crime Compliance and has received the highest feedback for making these topics understandable and relatable to the everyday activities of clients and delegates. His global experience ensures that he understands a wide variety of cultures, how they learn and how to make that learning effective for each.

Redcliffe’s latest Conducting AML Investigations course for legal professionals will help participants to:

• Understand the scale of the problem and how potential money laundering is present in every part of the value chain, no matter what the business
• Examine the regulatory updates and responses – the FATF, Wolfsberg etc. and how to use their guidance in the investigative process
• Chart the role of the MLRO
• Acquire skills needed to conduct successful investigations
• Effective data capture and analysis
• Using professional scepticism
• The potential impact of whistleblowing & cultural issues
• Understanding the differences between unusual and suspicious
• Chart the formal stages of an AML investigation
• Understand the importance of escalation & Reporting
• Dealing with post-investigation issues

• Developed specifically for those who may be involved in AML investigations or supplying data/information during the process
• A thorough analysis of the process and potential weak points
• Examining how good data can help in identifying breaches of the regulations
• Global learning perspective examining investigations from different regions and regulatory authorities
• Delegates will work through real world cases and examine best practice in AML investigations

This course covers the basics & best practice in anti-money laundering investigations and is suitable for:

• Anyone whose business might be exposed to any form of financial crime but especially money laundering
• Anyone working in an obliged entity or supplier to the sector wishing to update their knowledge on effective AML investigations
• Compliance and risk staff who need to update their skills and gain a holistic & current view of how to conduct investigations
• Those who need an overview of the latest regulatory requirements, and key developments globally in AML/FCC
• Management within an obliged entity who needs to keep up to date with ‘best practice’ and improve their internal processes

The course will allow participants to learn the most up to date techniques for conducting investigations, look at the best practice in SARs/STRs and explore the importance of good data and how to deal with pre-and -post reporting issues.

It covers all the up-to-date challenges - both regulatory and in financial crime compliance terms.