| |
Typologies 2008 - this year's theme is Trade-Based Laundering and Sanctions. The Typologies course is a day of case-studies demonstrating the theme.
The Annual Money Laundering Typologies series is a themed one-day course of case studies. Tour cities include Kuala Lumpur, Dubai, Jersey, Guernsey, Dublin, London, Hong Kong, Singapore. If you have registered or responded to the sender. Please disregard. Thanks.
The 2008 series deals with sanctions, including the effect on businesses worldwide of sanctions imposed by the USA under a range of provisions and trade-based laundering.
Nigel Morris-Cotterill first highlighted the issue of trade-based laundering in his book "How not to be a money launderer" published in 1996, and it is a theme taken up by others in recent years. In the Typologies 2008 course, he returns to the theme and expands upon it, demonstrating not only actual cases and their outcomes but also expanding on other related risks that he identified then and which are now becoming established laundering methods.
In 2001, upon publication of the USA PATRIOT Act, Nigel presented a series of briefings in London pointing out the effects of the measures and sanctions under the Act - even before it was in force. Since then, all of those effects have been implemented - but they are just a fraction of the total sanctions burden that financial institutions face, not just in relation to US sanctions but others, too.
In this action-packed day, Nigel Morris-Cotterill will lead you through a series of cases that demonstrate how the risks of doing business in international trade creates significant risk of money laundering and sanctions busting are far more real than many practitioners realise.
Day Two: Developing an effective Money Laundering Risk Matrix - A practical and challenging multi-sector one day workshop covering private and investment, merchant and retail banking, securities and insurance sectors.
Why make a Money Laundering Risk Matrix?
An effective money laundering risk management programme depends on a series of decisions.To make those decisions, you set a series of criteria, and apply those as a template to new business and to transactions as they happen. But how do you set those criteria in a structured way, and how do they link together to give you an effective risk control measure? How do you maintain the criteria in order to ensure you do not get too many false positives - and don't let important issues slip through?
The answer is a risk matrix. *Cities and Dates*
Dubai: 19th and 20th November (Wednesday and Thursday)
Jersey: 27th and 28th November (Thursday and Friday)
Dublin: 1st and 2nd December (Monday and Tuesday)
London: 4th and 5th December (Thursday and Friday)
Hong Kong and Singapore: 2009 January - Please contact sender for full details.
The Financial Crime Forum and The Chief Officers' Network are establishments of The Anti Money Laundering Network, which is an international group of companies.
The Group's global response centre is in Kuala Lumpur.
|
press[.]antimoneylaundering.net 
