PPT-Anti-Money Laundering & Financial Crime

THE FATF RECOMMENDATIONS Presented by ERM Institute 1 A AMLCFT POLICIES AND COORDINATION 2 THE FATF RECOMMENDATIONS Assessing risks and applying a riskbased 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 riskbased 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. Prof. . Yemi. Osinbajo, SAN. INTRODUCTION. The global nature of the internet has created an environment which allows criminals to perpetrate almost any illegal activity anywhere in the world even without being physically present at the locus of the crime. . 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.  On money laundering and fighting with it. . The internationalization of crime occurs with the formation of international financial networks, systems of International Settlements, the increasing of migration, formation of multinational mega policies, setting clear boundaries, uneven distribution of resources within and between countries, etc.. “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. Find the Fraudster/Money Launderer. Anti Money Laundering Basics. Presentation by:. Christopher L. King, CFE, CAMS. My comments and opinions offered during this conference are my own and do not represent in any way those of my employer or other affiliations I have with other organizations.. . 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 . Anti-money 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 . 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.