PPT-Colette Best, Director of Anti-money Laundering

Antimoney laundering what you need to know Why does preventing money laundering matter Not a victimless crime Organised crime has a massive impact on the prosperity of the UK Reputational risk to the legal sector . 23 September 2014. Contents. 1 What is money laundering?. 2. The ‘primary’ money laundering offences. 3. Failure to report and tipping off. 4. The Money Laundering Regulations 2007. 1. What is money laundering?. Presented By. Raunak. Jain. INTRODUCTION :. “. Earth provides enough to satisfy every man's need, but not every man's greed”. Man’s . greed for more money is the root cause for money laundering. . COMPLIANCE STANDARDS FOR ANTI-MONEY LAUNDERING AND COMBATING THE FINANCING . OF . TERRORISM. Presented by . ERM Institute. Saturday ,February 14, 2015. 1. Part II: Compliance Standards for AML/CFT. COURSE OBJECTIVES. THE FATF RECOMMENDATIONS. Presented by . ERM Institute. 1. A. AML/CFT POLICIES AND COORDINATION. . 2. THE FATF RECOMMENDATIONS. Assessing risks and applying a risk-based approach *. Countries should identify, assess, and understand the money laundering and terrorist financing risks for the country, and should take action, including designating an authority or mechanism to coordinate actions to assess risks, and apply resources, aimed at ensuring the risks are mitigated effectively. Based on that assessment, countries should apply a risk-based approach (RBA) to ensure that measures to prevent or mitigate money laundering and terrorist financing are commensurate with the risks identified. This approach should be an. What is money laundering?. It is a process of making dirty money clean.. Money is moved around the financial system again and again in such a manner that its origin gets hidden.. Money generated from illegitimate source is converted into that derived from a legitimate source .. Laundering / Combating the Financing of . Terrorism. Compliance Unit. Ministry of National Security . Objectives of the . AML/CFT. Compliance Unit. . of the Ministry of National Security.. Receiving. Latin America . Ben Tonner. Attorney. www.samsonandmcgrath.com. 1. OUTLINE. (Anti) Money Laundering. The Financial Action Task Force. AML, Trusts and Estates . AML and Latin America. Changes: the FATF 40 Recommendations. Quality of Intelligence and Investigation. Ian . D. avidson. The Problem. “. Systematic quantitative or qualitative data that would provide defensible bases for assessments and recommendations are not now available for most countries, nor likely to be available in the foreseeable . - Comply with anti-money laundering regulations- Detect and prevent fraud- Reduce operational costs CallMLCallMLwww.callcredit.co.uk/fraudwww.callcredit.co.uk/fraud CallMLVerify the identity of your n “Fight against organised crime and corruption: strengthening the prosecutors’ network”. March4th-7. th. . 2014, Skopje, Macedonia . Mona . Konecny. , Public Prosecution Office, Vienna, Austria. “Fight against organised crime and corruption: strengthening the prosecutors’ network”. March4th-7. th. . 2014, Skopje, Macedonia . Mona . Konecny. , Public Prosecution Office, Vienna, Austria. . Enforcement Directorate. Ahmedabad. , 21. st. Feb 2015. Money Laundering…... . Process by which illegal funds and assets are converted into legitimate funds and assets.. The Need for Money Laundering Act . Esther Aikiriza Kagira ,. Manager, Strategic Analysis AND STATISTICS. Financial Intelligence Authority -UGANDA. Structure of Presentation. Role of Financial intelligence Authority. Money Laundering (ML) and Terrorism Financing (TF)/PF. 2. Introduction. 3. Objectives . What is Money Laundering & Sanctions?. Understand what are the PMLA regulatory obligations. Understand the Key Components of AML and Sanctions compliance program.