Anti-Money Laundering and non-compliance
|Event Date/Time: Jul 23, 2009||End Date/Time: Jul 23, 2009|
Failure to implement adequate risk management systems, controls and training to prevent money laundering and other criminal activities can lead to hefty fines.
Consider AON as an example, they were fined Â£5.25 Million for this exact reason.
Not only is your business at risk if systems and procedures are not correctly implemented and adhered too but you and your Money Laundering Reporting Officer could be on the receiving end of a huge fine yourself!
Itâ€™s simple: Failure to implement and adhere to the correct procedures can have serious and costly consequences. You cannot afford to be complacent!
This masterclass has been designed by our expert Fred Jacobs to help you:
â€¢ Outline how you can design and implement robust procedures and processes to ensure compliance
â€¢ Know your client and ensure robust on-going monitoring of both your clients and your business partners
â€¢ Develop a thorough understanding of exactly what is required of you and prevent the risk of exposure
â€¢ Ensure in-house understanding and adherence to minimise and prevent exposure