AML Anti Money Laundering Course

Who is it for?

This is an introductory course for all levels of employees working in money laundering prevention position, specifically targeting those working in compliance in financial sector and the legal profession.

Why Should You Attend?

No one is sure when the concept of laundering money first started, but according to the International Monetary Fund, "the aggregate size of money laundering in the world could be somewhere between 2 and 5 percent of the world's gross domestic product. Using 1996 statistics, these percentages would indicate that money laundering ranged between US Dollar (USD) 590 billion and USD 1.5 trillion. The lower figure (USD 590 billion) is roughly equivalent to the value of the total output of an economy the size of Spain.

Local Directors and Key Officials are personally responsible for the Internal Controls of their business so must be aware of Anti-Money Laundering (AML) obligations and procedures.  AML is an international issue and taken very seriously by Regulators.  Failure to ensure adequate controls, or to provide essential training to relevant staff, may be an offense - even when no Money Laundering is suspected.

The legal framework in the EU and local law has developed rapidly over the last decade. While the penalties for those engaging in the various activities under AML legislation are onerous, there are also strict penalties that do not have sufficient controls in place to detect and help prevent AML activity.

So it is important to understand your obligations under the law and what structures should be in place to avoid:

• Being fined large amounts of money.

• The bank closing bank accounts.

• The business being victimised by criminals.

• Destroying the reputation of the business.

Course Dates: 8th & 9th July 2015

Course sessions: 2pm – 6pm

Our trainer is an international consultant in AML

Refreshments and Course Notes included.

To register for this course please contact: garrett@people.com.mt or visit thr website: www.people.com.mt