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Crash course Money Laundering Prevention – 1 × 1 Money Laundering Prevention – Money Laundering and Fraud Prevention Update – Prevention Course Money Laundering Prevention – Product-No. L05a.

With the Crash Course Money Laundering Prevention the participants learn the following expertise:

  • New requirements of the 5th EU Money Laundering Directive
  • Current interpretations and application notes of the BaFin – implementation in practice
  • Carry out a risk analysis and document it with legal certainty
  • Data sources for the main EU countries
  • Efficient research and control actions for more safety
  • Verification of customer information efficient and legally compliant

Attention – current OLG verdict: avoid fines against money laundering officer! Judgment of the Higher Regional Court of Frankfurt issues 5 current guidelines on due diligence as a money laundering officer. An overview of the verdict of the Higher Regional Court Frankfurt can be found directly in our information blog “Fines against money laundering officers in dereliction of duty”.

 

Crash course money laundering prevention

 

Target group for the Crash course Money Laundering Prevention

  • Advanced course for managing directors, board members at banks, financial service providers and insurance companies,
  • Money Laundering Officers of Payment Institutions and E-Money Institutions pursuant to § 1 (2a) of the ZAG
  • Money laundering officers of leasing and factoring companies,
  • Money Laundering Officers, Deputy Money Laundering Officers, Compliance, Central Unit, Internal Audit and Legal Department staff
  • Domestic branches and branches of comparable institutions domiciled abroad

 

Your benefit with the Crash course Money Laundering Prevention

  • 5. EU Money Laundering Directive: changes in practice
  • Money Laundering & Fraud: Risk analysis according to §5 German AML efficient and safe
  • Challenge Customer Due Diligence – nationally and internationally

 

Your lead with the Crash course Money Laundering Prevention

Each participant receives the following S & P products with the seminar:

+ S & P Tool “Risk analysis according to §5 German AML”

+ S & P Check “Preventive measures and control actions”

+ S & P Check “Commercial Register in Europe”

+ Implementation roadmap to the 5.EU Money Laundering Directive

+ S & P sample instruction “Implementation of the new AMLA” (about 80 pages)

 

Program for Crash Course Money Laundering Prevention

5th EU Money Laundering Directive: changes in practice

  • 55 recitals and their impact on money laundering prevention
  • Action plan with new requirements for the
    • Provider of virtual currencies and fiat money (EC 8 to 11)
    • Surveillance of politically exposed persons (EG 23)
    • Risk-based review of existing customers (EG 24)
    • Disclosure obligations of beneficial owners (EC 28 to 42)
    • Cross-border correspondent banking relationships (EG 43)
    • Assistance between the EU Member States (EC 44 to EC 50)
    • Increased due diligence on high risk third countries with strategic deficiencies – New requirements of the EU Delegated Regulation
  • Task Force FinTech: Monitoring cypto transactions and virtual currency usage
  • Integration with the sector-specific guidelines for money laundering prevention

 

Money laundering & Fraud: Risk assesment according to § 5 German AML efficient and safe

  • Structure, structure and content of a risk analysis with a focus on money laundering and white-collar crime
  • Carry out the recording, classification and evaluation of customer, product, transaction and country risks
  • Increased due diligence on high risk third countries with strategic deficiencies – New requirements of the EU Delegated Regulation
  • Group risk analysis: audit-proof presentation of parent companies and subsidiaries

 

Testing certainty and less workload with the crash course Money Laundering Prevention:

+ Creation of the risk analysis

+ S & P Check “Prevention measures and control actions”

+ Sample guide for creating and updating a risk analysis

 

Challenge Customer Due Diligence – nationally and internationally

  • What is absolutely necessary? Derive research and control actions from the risk classification in a verifiable manner
  • Increased due diligence on high risk third countries with strategic deficiencies:
    • Assessment of high-risk third countries – EU Directive 2018/843
    • New methodology for identifying strategic deficiencies in third countries
    • Principle Follow the Money
    • New EU list of high-risk third countries
  • Which data sources are available for the most important EU countries?
  • Transparency register according to §18 GwG – new reporting obligations
  • FATF, Moneyval & Co.: Recommendations of Expert Commissions
  • Which official registers are available in other European countries
  • Examination of the Source of Funds: Federal Gazette & Co. in other European countries

Testing certainty and less workload with the crash course Money Laundering Prevention:

+ S & P Check: “Commercial Register in Europe”

+ S & P Check: “Overview of the most important EU legal forms” ‘

+ S & P Check: “European Business Register with Company Profile, Organs and Accounts” ‘

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