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Money Laundering Officer – Beginner`s Course – Book S & P Course – Product-Nr. L02

The participants learn with the seminar Money Laundering Officer – Beginner’s Course the essential duties as Money Laundering Officer:

  • Implementation Roadmap to the 5th EU Money Laundering Directive
  • Implementation of the new administrative practice – The new BaFin interpretation and application notes
  • Limitation of personal liability risks of the money laundering officer
  • What solutions are there to avoid financial losses and liability?
  • Due diligence and action strategies in practice
  • New requirements of the 5th EU Money Laundering Directive

 

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”.

Money Laundering Officer - Beginner's Course

 

Target group for the Course Money Laundering Officer Beginner’s Course

  • Managing Directors, Board Members of Banks, Financial Services 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

Do you have questions about the proof of expertise for money laundering officers? Current information on the expertise and duties of the money laundering officer can be found in our information blog.

 

Feedbacks of the participants to our Course Money Laundering Officer – Beginner`s Course

  • Valuable practical examples
  • Clarification of own questions
  • Excellent speaker
  • Receive valuable documents / checklists
  • Very good extras (eg tips for research)

Current feedback from the course Frankfurt.

 

Your benefit with: Money Laundering Officer – Beginner`s Course

  • Duties, rights and duties as money laundering officer
  • Duty of care §10 German MLA: Audit priorities of the supervisory authorities
  • New requirements for money laundering prevention
  • Risk analysis according to §5 German MLA and suspicion reporting system

 

Your lead with: Money Laundering Officer – Beginner`s Course

Each participant receives the following products: Money Laundering Officer – Beginner’s Course:

  • Guideline for the direct implementation of the new AMLA (work instruction with approx. 80 pages, Word-Doc)
  • Sample guideline for creating / updating a risk analysis according to §5 German MLA (volume approx. 20 pages, Word-Doc)
  • Participant certificate: Training confirmation according to §27 PrüfbV and GwG to prove the expertise

 

Program to Money Laundering Officer – Beginner’s Course

Duties, rights and duties as money laundering officer

  • Liability guarantee – BGH judgment of 17 July 2009 on the responsibility of agents – Fines against money laundering officers -OLG Frankfurt: Judgment of 10.04.2018
  • Limitation of liability risks of the Money Laundering Officer – 5 Minimum requirements for internal organizational measures
  • “One day as money laundering officer”: activities, control actions and audit-proof documentation of the mandatory tasks
  • 5. EU Money Laundering Directive: New requirements for money laundering prevention

Impuls – implementation tip

+ S & P Checklist Risk Assessment Money laundering for financial and non-financial companies

 

Duty of care §10 German MLA: Audit priorities of the supervisory authorities

  • The most important due diligence requirements at a glance
  • Identification process and identification of identity
  • Occurring person and fictitious beneficial owner
  • Recognition and monitoring of politically exposed persons and high-risk customers
  • Establishment of a risk-based scoring for customer monitoring
  • Transparency register: Which reporting obligations are to be observed at GmbHs, joint-stock companies, cooperatives and associations?

Impuls – implementation tip

+ S & P sample work instruction for the prevention of money laundering and fraud – implementation of the new MLA

 

Program to Money Laundering Officer – Beginner’s course

New requirements for money laundering prevention in practice

  • Characteristics, motives and typical profiles of perpetrators
  • Action strategies for unusual, complex and conspicuous business relationships or transactions
  • Fight against fraud according to §25h KWG: emergency reactions, preventive measures and emergency measures
  • Recent case studies on money laundering, terrorist financing and fraud:
    • Money laundering prevention at financial companies
    • Money laundering typologies in factoring and leasing
    • Clues for money laundering in real estate and in goods trading
    • Special requirements for gambling operators
    • New developments that are being addressed by the 5th EU Money Laundering Directive

Impuls – implementation tip

+ S & P Model Guide to Combating Fraud and Fighting Other Offenses

+ S & P case studies: 28 recent cases in the area of ​​money laundering, terrorist financing and fraud

 

Risk analysis according to §5 German MLA and suspicion reporting in practice

  • Construction, structure and content of a risk analysis with a focus on money laundering and fraud
  • The risk-based approach: risk inventory + audit-proof classification of risks + derivation of internal security measures §6 German MLA
  • SARs according to §§43,45 German MLA and behavior in case of suspicion
  • Revision of the deadline case: when and how to report a suspicious transaction?
  • Tipping off prohibition §47 German MLA: what you have to consider?

Impuls – implementation tip

+ S & P Model Guidelines for Updating and Updating a Risk Analysis §5 German MLA

 

Participants to the seminar – Money laundering Beginner`s course

  • “High practical relevance and very useful documents.”
  • “Very helpful was the USB stick with the electronic documents.”
  • “Practice-related and many case studies.”
  • “Especially positive and pleasant the small number of participants.”

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