Seminar Anti-Money Laundering Update

Seminar Anti-Money Laundering Update

Seminar Anti-Money Laundering Update 2020
Seminar Anti-Money Laundering Update

Seminar Content

Day 1

Introduction to Anti-Money Laundering (AML)
  • Addressees of the Anti-Money Laundering (AML) obligations
  • Risk Management
  • Recording and Retention
  • Suspicious Activity Reporting (SAR)
Risk Assessment
  • Complete survey of the undertaking’s specific situation
  • Registration and identification of customer-, product- and transaction-related risks as well as geographical risks
  • Categorisation of the identified risks, i.e. classification in terms of risk groups and, where applicable, additional weighting, i.e. assessment
  • Development and realisation of appropriate internal safeguards which are used within the scope of the necessary money laundering prevention measures due to the outcome of the risk assessment
  • Review and ongoing development of the internal safeguards enacted to date, taking the outcome of the risk assessment into consideration
Internal Safeguards
  • Development of internal principles, procedures and controls
  • Anti-Money Laundering officer and Deputy
  • Establishment of group-wide procedures
  • Prevention of misuse of new products and technologies
  • Review of reliability
  • Instruction of employees
  • Review of the above-mentioned principles and procedures
  • Whistleblowing
  • Safeguarding readiness to provide information
  • Outsourcing of internal safeguards

Day 2

Triggers of Customer Due Diligence (CDD)
  • Establishment of a Business Relationship
  • Transactions outside the scope of an existing Business Relationship
  • Transactions in connection with Money Laundering (ML) or Terrorist Financing (TF)
  • Doubts concerning identification details
  • Renewed fulfilment of Customer Due Diligence (CDD) obligations in case of existing Customers
Customer Due Diligence (CDD)
  • Identification of the Customer (Contracting Party) and the person acting on his behalf,
  • Clarification of whether a Beneficial Owner exists and, where applicable, his identification
  • Purpose and intended nature of the Business Relationship
  • Clarification of PEP status
  • Continuous Monitoring of the Business Relationship and update obligation
  • Scope of the Due Diligence obligations in case of a normal level of risk
  • Date of Identification and Waiver of Identification
  • Non-Establishment/Termination of Business Relationships and Non-Implementation of Transactions
Simplified Due Diligence (SDD)
  • Principle
  • Factors resulting in a potentially lower level of risk
  • Scope of the due diligence obligations to be fulfilled
Enhanced Due Diligence (EDD)
  • Principles
  • Politically exposed persons and their family members and known close associates
  • High-risk third countries
  • High-risk transactions
  • Cross-border correspondent relationships

Day 3

Fulfilment of obligations by third parties and contractual outsourcing
  • Use of third parties without a separate contractual basis
  • Transfer of due diligence obligations on a contractual basis (outsourcing)
  • Sub-outsourcing
  • Forwarding of an identification data record
Group-wide implementation
  • Parent undertaking/group
  • Undertakings subject to group obligations
  • Nature of the obligation
  • Subject matter of the cooperation obligation/non-remuneration
  • Access and inspection right/obligation to tolerate
  • Right to refuse to provide information/obligation to submit documents


This seminar has been designed for all credit institutions and financial services institutions and their responsible employees in the following areas: risk management, compliance, legal, outsourcing, business continuity and internal audit. The members of the board of directors and management are also welcome.


Start: 8:30 Uhr

Break: 10:00 Uhr – 10:30 Uhr

Lunch: 12:00 Uhr – 13:00 Uhr

Break: 14:30 – 15:00 Uhr

End: 17:30 Uhr

Seminar Price

The seminar price includes a USB stick with the lecture documents as an e-book (PDF), working papers as a printout, soft drinks, coffee, tea, snacks and an extensive menu (starter, main course and dessert).

1.990,00 € zzgl. 19% MwSt.