Elevate Your Skills
AML/CFT Program Implementation and Project Management
Professional Training Programs
Overview
Opening Remarks
Vipul Tamhane
Trainer, Fintelekt
Vipul has over 15 years of industry experience in advising and training organization leaders and staff on internal controls and management against Financial crime, Enterprise Fraud, and Money Laundering. He has assisted clients such as Banks, Credit Societies, Payment Facilitators, Law Firms, TPPPs, etc. to respond to FIU notices, Regulatory Show causes, Compliance notices, etc. in conformity with the local regulatory bodies.
Academically, majoring in International Business and International Commercial Law, he brings legal and commercial line of thinking to his analysis and advisory. He has worked on Anti-Money Laundering and related subject matter focusing on areas of Regulatory Compliance and related guidelines from RBI, SEBI, IRDA SEC, FINRA, FINCEN, CBUAE, FCA, OFAC, FINMA, and MSA. He also has a strong understanding of Financial Fraud and works with a team of Financial Forensics and Internal controls for Fraud prevention, Policies and Processes reviews, Vendor screening, Investigations and Crisis management.
Benefits
The goal of the workshop is to provide attendees with the knowledge and understanding useful for designing an ideal AML/CFT compliance programme, tailored to their institution’s specific risk profile and incorporating the basic principles of Project Management, as suggested by PMI (PMBOK). The attendees can apply their knowledge to practical exercises and case studies and learn about best practices during the workshop.
Who Should Participate?
The workshop is relevant for Senior managers and heads of departments of AML Compliance, Regulatory Compliance, Financial Crime compliance, Operations, Audit, Legal, Strategy, Governance teams from banks and financial institutions.
Accreditation and Recognition
Fintelekt’s training programmes and content are reviewed and supported by the regulators in multiple countries. Our programmes are known for their quality and relevance to AML/CFT compliance, especially. Employees from a large number of organisations including banks, non-banking finance companies, insurance companies, mutual funds, money services businesses, and remittance houses have undergone Fintelekt’s AML/CFT professional training over the years.
Workshop Coverage
Session 1: Developing an AML/CFT compliance program
- Designing a program tailored to institution's risk profile
- Creating policies, procedures, and guidelines for AML/CFT compliance
- Identifying high-risk areas and customers and conducting risk assessments
Session 2: Basics of project management principles (as suggested by PMI (PMBOK))
Session 3: Implementation project management
- Project kick-off and team formation
- Project goals definition, timelines, and milestones, progress tracking and addressing challenges during implementation.
Session 4: Binding periodic activities to a recurring project plan like internal (CDD) and (EDD) updates, customer onboarding, verifications and process monitoring and change identification
Session 5: Customer due diligence procedures and reporting: templates, fail safe overview, fall back overview, maker-checker mechanism, recognizing scenarios requiring enhanced due diligence
Session 6: Technology and system integration with prints and project overview
Session 7: Program / Systems / Teams Testing and Validation: fine-tuning systems and SoPs
Session 8: Communication management, regular reports for senior management and regulators, ensuring transparency and accountability in reporting
Session 9: Continuous monitoring and improvement of the program for effectiveness
Session 10: Transaction monitoring and reporting cycle
Session 11: Change management and adapting the program to emerging risks and regulatory changes, risk mitigation process
Session 12:Training and awareness
Registration
Participation Fees
- 1-2 attendees: INR 14,000 per person
- 3 or more attendees: INR 12,500 per person
Note
- 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.
- Payment made to Fintelekt towards the fees of participation at the workshop, should be net of any/all withholding taxes or charges.
- Cancellations are not allowed. Substitutions are welcome, but must be communicated by email at least three days before the works hop.
Cancellation
- 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 a rise in the number of Covid-19 infections or due to government directives, 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.
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