AML Training for DFSA Authorised Firms

Date: 18 February, 2010 - Thursday
Time: 9 am to 1 pm
Venue: Towers Rotana, Sheikh Zayed Road, Dubai, UAE

Training Fee: USD 750 per participant

Early Bird Discount:
Register before 28th January 2010 and pay USD 600 per participant only
OR
Register 3 participants per firm and pay USD 1800 only

1) Program Objective 

• Provide a tailor made Anti Money Laundering training which meets the DFSA and international standards and takes into account the activities, services and customers of Authorised Firms. Participants will receive a comprehensive introduction to the AML requirements and will also be informed on the latest money laundering trends and techniques. Money Laundering Reporting Officers (MLRO) and Deputy MLRO will receive guidelines on how to put an effective AML framework in place.

2) Who Should Attend?

• Directors, Senior Managers, Compliance Officers, Money Laundering Reporting Officers, Deputy Money Laundering Reporting Officers and Employees of Authorized Firms.

3) Program Methodology

• Training material is a presentation containing all required and relevant information discussed during the training.
• Interaction of the participants is welcome and will be encouraged during discussions on case studies.
• Each participant will receive a Certificate of Participation from Total Solutions Middle East.

4) Training Director’s Profile: Nico Van Bockstal
“Nico Van Bockstal is a senior compliance and AML consultant of Total Solutions Middle East. He is a DFSA authorized Individual and is appointed as Compliance Officer/Money Laundering Reporting Officer for several Authorized Firms within the DIFC. He has also been providing compliance and AML training for Authorised Firms, Ancillary Service Providers and NASDAQ DUBAI members.
 

Before joining Total Solutions Middle East, Nico was Head of Compliance of SG Private Banking in Belgium for over 3 years. He was responsible for the implementation of the Know Your Customer/Customer Due Diligence (KYC/CDD) and the Markets in Financial Investments Directive (MiFID) in this Belgium based entity of Societe Generale.

Nico worked for more than 6 years for Bank J. Van Breda & Co, a Belgium based retail bank, first as credit officer for small and medium enterprises and liberal professions, later as compliance and complaints officer. As representative of Leasing J. Van Breda & Co, he was co-author of the Anti Money Laundering code of conduct of the Belgian Leasing Association.

Nico holds a Master Degree in Law, a Law Teaching Degree and a European Master Degree in Labor Sciences”.

Program Content:

1) Application of local and international AML laws, regulations and rules
 Financial Action Task Force (FATF)
 USA Patriot Act
 Wolfsberg Group of Banks
 UAE: Federal Laws and Circulars issued by authorities
 DFSA: Anti Money Laundering Module of the DFSA Rulebook

2) Criminalization of Money Laundering and Terrorism Financing
 Definitions of Money Laundering and Terrorism Financing
 Stages of Money Laundering
 Sanctions for Money Laundering
 Money laundering risks, trends and techniques

3) Prevention of Money Laundering and Terrorism Financing
 Customer identification requirements (Know Your Customer)
 Customer due diligence – transaction monitoring – risk based approach
 Suspicious transaction reporting – co-operation with authorities and regulators
 Record keeping requirements

4) Organizational requirements
 (Deputy) Money Laundering Reporting Officer
 AML policies, procedures, systems and controls
 AML training and awareness of employees
 Periodical AML reporting

5) Examples of Money Laundering cases – case studies.

Our Program Director who has a strong international experience will bring in his expertise and ensure practical learning through relevant case studies, practical exercises and open discussions.

The Workshop will be highly interactive in nature because we truly support deeper learning with high levels of interaction and involvement. All participants will be encouraged to “Think Out of the Box” on developing solutions and plans to facilitate the compliance function in their respective organizations.

In-House Training Courses
In addition to Open Trainings Total Solutions Middle East also provides In-House Training. The benefit of In-house training is highly customised trainings to suit your specific needs. You can save upto 60% of the costs by choosing In-house trainings.

In order to register for the program please call Renuka on +971 50 458 2243 or email on renuka@ts.eu  We would be delighted to answer any of your queries and are looking forward to hear from you soon.