Key Elements of a Robust AML/CFT Programme (3)

Key Elements of a Robust AML/CFT Programme

Implementing appropriate Anti-Money Laundering and Counter Terrorist Financing framework continues to be an important issue for Credit Unions. Therefore, this session seeks to ensure that the credit union fraternity is institutionally equipped to address the issues of regulatory and reputational risk which may arise from incidents of money laundering, fraud and terrorist financing. The entire course creates an awareness of what is money laundering and then drills down into the importance of the Know Your Member (KYM) requirements and helps participants to assess the extent to which various members expose the credit unions to a range of risks. Utilising a practical assessment tool, participants will be given the opportunity to assess their members, assign a risk rating and recommend the associated due diligence steps necessary for a beneficial relationship. From a leadership standpoint the course also highlights the components of a robust AML framework to assist the credit union in combatting this risk.

Who should attend:  Board Members, General Management, Senior Compliance Officials






Course Registration Details

Course date 03-09-2024 9:00 am
Course End Date 03-09-2024 4:00 pm
Location Co-operators General Insurance Company Ltd.

We are no longer accepting registration for this course

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Barbados Co-operative & Credit Union League Ltd.
1st Floor, Patrick E. McDonald Building
Upper Collymore Rock, St. Michael, Barbados

Tel: 246-429-7075
Fax: 246-436-5848

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