AML/CFT Effectiveness

Elevate Your Skills

AML/CFT Effectiveness

Professional Training Programs

July 25, 2024

8.30 am to 5.00 pm

Four Points by Sheraton Nairobi Airport, Kenya

In the fight against financial crime and illicit financial flows, the importance of knowledge sharing and co-operation between all stakeholders at the national and regional level cannot be emphasized enough. This workshop will deliver up-to-date knowledge from FIUs and global experts and practitioners and provide a forum for compliance officers in Kenya, Zambia, Uganda, Tanzania and other countries in the region to discuss strategic priorities and recalibrate their AML/CFT efforts.

Why Fintelekt?

Fintelekt is a specialist in AML/CFT Training and Advisory. We have over two decades of community building and uniting stakeholders towards a stronger AML/CFT regime.

Agenda

8:30 am

Registration and Tea/Coffee

INAUGURAL SESSION

9:00 am

FIU Panel Discussion

Moderator:
Mr Shirish Pathak, Managing Director, Fintelekt Advisory Services Pvt Ltd

Invited Panelists:
Mr Diphat Tembo, Director-Compliance and Prevention Department, Financial Intelligence Centre, Zambia
Mr Samuel Wandera, Director General, Financial Intelligence Unit, Uganda
Ms Fatima Simba, Commissioner, Financial Intelligence Unit, Tanzania
Mr Saitoti Maika, Director General, Financial Reporting Centre, Kenya

10:45 am

Tea/Coffee Break

WORKSHOP (Mr Vikas Tandon, Trainer, Fintelekt Advisory Services Pvt Ltd)

11:00 am

Conducting ML/TF Institutional Risk Assessment

The session will provide an understanding of regulatory expectations and desired outcomes in conducting comprehensive, effective, and ongoing internal money laundering and terrorist financing risk assessments.

11:45 am

Sanctions Screening

A risk-based approach to screening is recommended for all reporting entities, based on a comprehensive assessment of risks related to ML, TF and proliferation of weapons of mass destruction. The session will cover the key implementation priorities and best practices.

12:30 pm

Lunch Break

1:30 pm

Group Work / Case Study

2:30 pm

The Use of Artificial Intelligence in Transaction Monitoring

Reporting entities in various parts of the world are using artificial intelligence to examine data and alerts considerably quicker than human effort. While AI can help institutions to leverage predictive models, it also comes along with risks that need to be understood. This session will cover how reporting entities can best take advantage of this technology and the pre-requisites for it to be deployed effectively.

3:15 pm

Tea/Coffee Break

3:45 pm

Combatting Cyber-aided Financial Crimes in the Era of the Dark Net & Virtual Assets

The session will focus on the key AML risks from cybercrime and the dynamic area of virtual assets and highlight the mitigation strategies that financial institutions can put in place.

4:15 pm

Effective Mechanisms to Identify Beneficial Ownership Information

Understanding of current regulatory guidelines, and best practices followed by leading global banks and financial institutions around UBO identification and bringing more transparency to ownership of legal persons and arrangements.

5:00 pm

Vote of Thanks

Registration

The registration fees for the workshop are as follows:

1 person – USD 195 per person
2 people – USD 185 per person
3 people and above – USD 175 per person

Click on the button below to register for the workshop:

Terms

Refreshments and lunch during the workshop are included in the fees.
Payment to be made before start date of the programme. Fintelekt reserves the right to deny entry to the participant if payment has not been received before the start of the workshop.
Cancellations are not allowed. Substitutions are welcome but must be communicated by email at least three days before the workshop.
The training programme is subject to a minimum number of participants and may be cancelled by Fintelekt at its discretion, without liability, if this criterion is not met. In such instances, Fintelekt will offer the participants credit for a future programme, or a full refund.
If the workshop cannot take place due to any unforeseen reasons, it will be postponed and new dates will be announced. Fintelekt will retain the participation fees in a credit shell, which may be utilised by participants for the workshop on the revised date, or for any other Fintelekt training programme.