The Asian Bankers Association (ABA) and Fintelekt Advisory Services, an official ABA Knowledge Partner, wish to invite fellow bank members and friends to join a virtual workshop on “Red Flags in Anti-Money Laundering” on February 2, 2024 at 10AM-12PM Singapore Time.

The world of AML is complex with a lot of different moving components. For AML staff, it is vital not only to understand the importance of red flags and techniques to apply them, but also the impact that they have on roles and responsibilities within the financial institution. Understanding when red flags occur and how they are investigated properly, could mean the difference between incurring regulatory enforcement and doing the right thing for your institution.

In this instructor-led live virtual workshop (delivered via Zoom), the trainer will discuss the background of AML and changing regulatory expectations and the types of red flags that staff may encounter during day-to-day roles while providing real-life examples and case studies.

(1) WHO SHOULD PARTICIPATE?

The programme is relevant for staff from the AML Compliance, Regulatory Compliance, Financial Crime, Audit, Legal, Strategy, and Corporate Governance teams.

(2) TRAINING TOPICS

• Trends and understanding of the current AML environment
• The types of red flags that may arise and their impact on the organisation
• Regulatory implications for not identifying red flags
• Looking ahead to challenges and risks in 2024

(3) LEARNING OBJECTIVES

• Understand the significance of red flags and their impact on roles and responsibilities
• Effective application of red flag techniques
• Understand the crucial role of investigating red flags and the potential consequences
• Real-life application through examples and case studies

(4) TRAINER

Justin Muscolino
International Regulatory Compliance Training Expert

Justin brings over 20 years of wide-ranging experience in compliance, training and regulations. He has previously worked as Head of Compliance Training function for Macquarie Group, UBS, JPMorgan Chase, Bank of China, and GRC Solutions. Justin also runs his own Compliance Training company focusing on US and international regulations.

Justin also worked for Financial Industry Regulatory Authority (FINRA), a US regulator, where he created Examiner University to train examiners on how to perform their function. He also serves as an advisor for the Global Compliance Institute (GCI) and instructs at the Barret School of Business and various compliance training providers.

(5) REGISTRATION FEE

Participation Fee: USD 50 per person (Includes access to recording and Certificate of Completion)

ABA members can avail 2 free registrations per institution for this workshop. To get nominated under the free registration, please contact the ABA liaison at your Bank.

Please register HERE.