AML Risk Assessment Masterclass
Why take this course?
It is critically important for every institution to correctly risk assess their clients from AML perspective. Failure to correctly identify and mitigate AML risks may lead to regulatory fines and expensive remediations.
The masterclass is comprised of theoretical regulatory knowledge, practical examples of risk assessment of each core risk parameter, supported by interactive discussion sessions to achieve thorough understanding required for critical decision making.
KYC Analysts - AML Officers
- Relationship Managers
Compliance Professionals Financial Crime Advisors
Overview of key regulations Fundamentals of financial crime Conducting a holistic ris k assessment Understanding key risk pillars - PEP Risk Assessment
- Negative News Risk Assessment
- Country Risk Assessment
- Product Risk Assessment
- Industry Risk Assessment
Critical decision making
Delegates of this masterclass shall be assessed through a multiple-choice test at the end of the training session. Upon successful completion of this masterclass, delegates will be awarded the Sigma Risk certification.
This masterclass may be delivered in person at client premises, at external location or virtually via Zoom or MS Teams.
Full Suite of Sigma Risk Masterclasses
• Understand applicable regulations
• Third party risk assessment
• Managing conflict of intrest
• Identify key AML risks
• Conduct AML risk assessment
• Build a robust methodology
- Correct level of due diligence
- Identification and verification
- Corroboration of source of wealth
- Learn about complexity & reliance
- Downstream banking and nesting
- Respondent risk assessment
- Preventing & recovering from a cyber attack
- Identify key threat actors
- Understand different types of cyber attacks
- Understand the risks in gaming
- Applicable regulatory requirements
- Proportionate risk assessment
• Understanding digital currencies
• Corroboration of SOF/SOW
• Financial crime risks
- Law enforcement collaboration
- Asset tracking and confiscation
- Suspicion activity reporting
- Recognize key sanctions regimes
- Establish screening & monitoring
- Escalations & reporting
- Attractiveness to Criminals
- Discover emerging typologies
- Identify red flags and warning signs
- Recognising key signs of terrorism funding
- Risk identification & mitigation techniques
- Learning from real-life case studies
Sigma Risk Masterclass was a perfect training tailored exactly for the needs of our company as it was customized due to the different experience and AML knowledge of the attendees. It was a mix of theoretical introduction, real life cases, group discussion and video materials. Whole session was very interactive and all questions from the floor were handled smoothly by the trainer, supported by practical examples. Our staff praised not only the trainer, but also the content that was delivered and requested more training in the future. EMP Systems Limited can highly recommend Sigma Risk as one of the top consulting and training firms in the industry and we will be thrilled to cooperate in the future.