Anti-Money Laundering and Counter-Terrorism Financing – Awareness

Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) – Awareness

Anti-Money Laundering and Counter-Terrorism Financing System
Anti-Money Laundering and Counter-Terrorism Financing System

1) Typologies and current methods of money laundering and terrorist financing

– Current examples from the press

– Financial Action Task Force (FATF)

– Financial Intelligence Unit (FIU) – Customs

 

2) AML/ CFT regulations including data protection

– 4. EU Anti-Money Laundering Directive (4th AMLD), Regulation on information accompanying transfers of fund and German Anti-Money Laundering Act

– BaFin interpretation and application guidelines on the Anti-Money Laundering Act

– Federal Data Protection Act (BDSG) and GDPR

 

3) Customer due diligence

– Know Your Customer: Identification and legitimation

– Politically exposed persons

– Financial sanctions and embargoes

 

4) Unusual Activity Reporting (UAR) and Suspicious Activity Reporting (SAR)

– Whistleblowing

– Execution of transactions

– Tipping-off prohibition