Elevate Your Skills
Workshop on Strengthening Correspondent Banking Compliance
Kathmandu, Nepal
Overview
Fintelekt’s one-day workshop will delve into the complex risk landscape of correspondent banking, including exposure to money laundering, terrorist financing, and sanctions violations. With mounting global regulatory expectations and the growing threat of de-risking following the grey listing, the workshop will equip participants with a clear understanding of FATF requirements, practical approaches to due diligence and ongoing monitoring, and actionable strategies to build resilient cross-border relationships.
Participants will leave better prepared to align their correspondent banking frameworks with international best practices and regulatory demands.
Learning Objectives:
- Understand the unique risks associated with correspondent banking relationships.
- Identify red flags and typologies relevant to cross-border financial flows.
- Apply FATF guidance and international best practices to mitigate correspondent banking risks.
- Implement enhanced due diligence and monitoring measures for high-risk correspondents.
- Build internal frameworks that support compliant and resilient correspondent relationships amidst regulatory pressure.
Key Learning Areas
Key concepts in correspondent banking
- Role, structure, and importance of cross-border business
- How correspondent relationships support international financial flows
- Common models and variations (e.g. nested relationships)
- Overview of global regulatory expectations for correspondent banking
Risk landscape and regulatory focus
- Key ML/TF risks in correspondent relationships
- FATF Recommendations and Immediate Outcomes related to correspondent banking
- Regulatory expectations from global and regional authorities
- Sanctions exposure and managing country risk in cross-border transactions
- Role of senior management in correspondent banking relationships
Strengthening risk-based controls
- Conducting effective due diligence on correspondents (initial and ongoing)
- Implementing a risk-based approach to monitoring and transaction reviews
- Practical steps to strengthen internal risk frameworks
- Building documentation and audit trails for regulatory scrutiny
Strategic response and practical insights
- Addressing de-risking pressures while maintaining correspondent relationships
- Managing communication and transparency with correspondent partners
- Importance of compliance-to-compliance engagement
- Global enforcement cases: Key failures, fines, and what Nepal’s banks can learn
- Action plan for Nepalese banks post-grey listing
Who Should Participate?
The workshop is relevant for staff from risk, AML and compliance, and senior management from Nepalese banks.
Workshop Trainer
Vikas Tandon is an experienced banker with expertise in AML/ KYC /CFT, In-Business Control, Fraud Risk, Compliance and Operational Risk Management. Until recently, he was the global head for the Citi institutional client group, operations risk and control, primarily engaged in compliance and banking related advisory functions.
During his career, he has networked with regulators across Africa, Americas, Asia, Europe and the Middle East.
Vikas has written a book on KYC/ AML / CFT, and has authored several articles in journals published by professional institutes and financial magazines, with the ability to train banking professionals, senior executives and board members.
Vikas has been an empaneled trainer with Fintelekt since 2022 and has successfully delivered several Fintelekt training programmes for regulators, FIUs, banks, and other financial institutions across the region.
Registration
Participation Fees:
- INR 14,000 per participant (If nominating up to 2 participants)
- INR 12,000 per participant (If nominating 3 or more participants)
Seats are limited. To register for this workshop, please contact:
Oliver Dickson, Vice President
Mobile / WhatsApp / Viber: +91 98231 88864 / +91 93700 78917
Email: [email protected]
Terms and Conditions:
- 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 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.