Fintelekt Provided a Bank’s Senior Leadership Team with Actionable AML/CFT Insights

A dynamic commercial bank in India recognised the need to enhance its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) compliance framework to keep up with its rapidly growing and diversifying customer base and product portfolio. For this, the senior management team leading various verticals of the bank needed to be equipped with deeper insights and practical knowledge of AML/CFT risks and the likely mitigation strategies.

Meeting the Bank’s Expectations

While adhering to regulatory requirements was a priority, the bank sought to go beyond mere tick-in-the-box compliance. They were not looking for an off-the-shelf training programme but instead sought an engaging and tailored one that would address both strategic and practical aspects of AML/CFT compliance for their roles within the organisation. Besides, the bank’s senior management team could spare limited time, which meant that the training had to be concise, but effective.

Fintelekt engaged one of its experienced trainers, also a seasoned banker, to curate a bespoke training programme tailored to the profiles of the senior leadership team. The two-hour programme was delivered virtually for the convenience of the leadership team.

The customised content incorporated:

• A strategic understanding of the risk environment and practical mitigation measures that would align with the growing business of the bank
• An emphasis on the “why” behind AML/CFT guidelines, rather than only discussing operational details
• Case studies and real-life examples relevant to banking in India’s dynamic financial industry as well as the bank’s specific areas of focus
• Actionable insights that could be implemented in the day-to-day decision-making processes.

Outcome and Feedback

The training was well-received, with participants expressing appreciation for its relevance, depth, and practical value. Feedback from attendees highlighted the programme’s success in delivering actionable insights in a time-efficient manner, as was envisaged.

This successful collaboration between the bank and Fintelekt demonstrates the importance of customizing AML/CFT training to meet the specific needs of the target audience rather than a one-size-fits-all approach. This ensures not just regulatory compliance but also operational excellence in managing financial crime risks.

Feedback for the Programme:

“An enriching session for seasoned bankers.”

“Really useful and informative! The trainer was fantastic!”

“It was an excellent session. I would like to participate in more such programmes.”

“Insightful and full of value addition.”