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Brandnew course being offered in two locations

Risk Based Approach To

Anti-Money Laundering (AML)

And Counter Terrorist Financing (CTF)

This intensive and highly-structured course will help you:

• Understand the nature and key processes in money laundering and terrorist financing

• Identify the economic impacts of money laundering and terrorist financing on international development and international safety/security

• Comprehend the money-laundering methods and techniques

• Recognise the phases of money laundering; placement, layering and integration

• Provide an understanding of best practice and guidelines designed to detect, investigate, report, and resolve red flags for chasing dirty money and terrorist financing

25 – 28 August 2014 • Venue TBC, Geneva, Switzerland

21 – 24 September 2014 • The Address Hotel, Dubai Marina, Dubai, UAE

Organised by

www.iirme.com/riskbased-AML

1. Identify the warning signs and red flags or triggers of suspicion that need to be considered by financial institutions

2. Comprehend the sources and schemes of terrorist funding and learn about financial intelligence and sources of information

3. Clarify the significance of the U.S. Treasury report requirements; including Current Transactions Report (CTR), Suspicion Activity Report (SAR) and Foreign Bank Account Report (FBAR)

4. Analyse the SAR (The Suspicion Activity Report) activities; including cheque fraud and kiting, computer intrusion, counterfeiting credit/debit cards, defalcation and embezzlement, offshore banking, Hawala and Zakat activities, money trail, penny-stock manipulation

5. Design an effective anti-money laundering programme

6. Understand the nature and components of a risk-based approach to AML

7. Comprehend the CDD (Customer Due Diligence) processes and tools

8. Construct a CDD framework for financial institutions

9. Appreciate the key components of AML/CTF framework

10. Recognise the FATF (The Financial Action Task Force) and its regional style bodies and associate members

11. Summarise the legal requirements and preventive measures to be adopted by developing countries to combat money laundering

12. Clarify the role of international bodies on AML; like IMF, Basel Committee on Banking Supervision, The Egmont Group, The Wolfsberg Group

Top 12 Reasons To Attend This Course

+971 4 335 2437 +971 4 335 2438

About GenevaGeneva is the second largest city in Switzerland behind Zurich and the most international city in Europe. Geneva prides itself as being one of the most beautiful and cultured cities in the world, combining the splendors of nature with a rich palette of historic and architectural offerings. The city is a major gateway to the Alps for outdoor enthusiasts year round. Geneva has a rich history that dates back more than 4000 years and continues to influence the development of the city today. Evidence of Geneva’s past is preserved throughout the city in its many museums, monuments and architectural treasures.

Join us for the course Risk Based Approach To Anti-Money Laundering (AML) And Combating Terrorist Financing (CTF) and take the time to explore the city that has so much to offer.

Meet Your Expert Course Director

www.iirme.com/riskbased-AML

Nabil W. Zaki

Nabil W. Zaki has been in the investment and

banking industry for more than 30 years. During

that period, he assumed senior positions in both

corporate finance and treasury with major Wall

Street firms and international financial institutions in New York,

Canada and the Middle East. He has held high profile management

positions with Chase Manhattan Bank, Merrill Lynch, Prudential

Securities and Tradition. Currently, Nabil Zaki is an adjunct Professor

of Corporate Finance and Derivatives at New York University. He

taught at New York Institute of Finance (currently known as FT

Knowledge) from 1995 until 2004. He lectures extensively on portfolio

management, risk management, derivatives, and international capital

markets for major Wall Street firms and financial institutions . Nabil

worked as senior vice presidents at both Chase Manhattan bank as

well as Merrill Lynch in a variety of senior posts in credit and treasury.

Also, Nabil is consulting a number of banks and financial institutions

in the USA, Asia and Japan in the areas of asset/liability management,

credit derivatives and restructuring as well as risk management.

Currently, he is a senior adviser for a major hedge fund; Permal

Investment Management. Also, a Group Adviser for the Board of

Directors of a major Asian bank; EON Bank. Previously, he served as

an independent board professional director at the Board of Directors

of Signature Asset Management Company Limited - a Cayman Island

incorporated company.

Who Should Attend• Board of Directors• Senior Bank Management Members• Central Bankers (Supervision Department)• Regulators• Government Policy Makers• Compliance and Governance Officers• Private Bankers and Wealth Managers• Risk Managers• Chief Finance Officers• Finance Directors and Comptrollers • Securities Analysts• Investment Professionals• Law Enforcement Agencies • MIS and Operations Executives

Would you like to run thiscourse in-house?

The in-house training divisionof IIR Middle East

Tel: +971 4 407 2624 • Email: CTS@iirme.comwww.iirme.com/cts

+971 4 335 2437 +971 4 335 2438 register@iirme.com www.iirme.com/riskbased-AML

Course Timings Registration will be at 07:30 on Day One. The course will commence at 08:00 every day and finish at 14:30. There will be breaks

for refreshments at approximately 10:30 and 12:30 and lunch will be served at the end of each day’s session.

Course Outline

Day One

Overview Of Money Laundering• Concepts and definition• The concept of dirty money• Who controls illegal funds globally?• Money laundering vs. terrorist financing• Origins of terrorism financial support• How much money is laundered?• Macroeconomic vs. microeconomic estimates• Forms of money laundering; from tax evasion to loan sharking to

heroin/human trafficking, to fraud• Effects of money laundry as a crime on markets, society and

development• Evolution of AML

Money Laundering (ML) And Terrorist Financing (TF) Processes• Concept and overview• How is money laundered?• Money laundering 3 phases; placement, layering and integration• Terrorist financing types• Suspicion recognition• Differences between terrorist financing and classical money

laundering

Money Laundering Mechanisms• Bulk cash smuggling• Casinos and other illegal venues• Smurfing and structured transactions• Insurance policies• Securities manipulation• Wire and electronic funds transfers• Fedwire, CHIPS, and SWIFT• Informal value transfer systems “Hawalas”• Legitimate business ownerships• “Shell” corporations• Currency exchange bureaus• Real estate transactions• Offshore corporations and the internet• Loan-back schemes

• Penny stock boiler rooms • Pump & Dump (P&D) schemes• Invoice scams; under-invoicing and over-invoicing

Case Study: Group discussion on the pilfering of more than US $240 million by the flamboyant Czech-born British media baron Robert Maxwell through his tabloid; New York Daily News

Case Study: Group discussion on the Beirut-based Lebanese Canadian Bank (LBC) that was accused in December 2011 of funneling money to Hezbollah as part of a global money-laundering scheme between Lebanon and West Africa

Case Study: Group discussion on The Bank of Credit and Commerce International (BCCI); 7th largest private bank in the world, with total assets of more than US $20 billion in 1990 and operating in 78 countries. BCCI was involved in various fraudulent activities including massive amounts of money laundering. Billions in criminal profits, including drug money, went through its accounts.

Case Study: Group discussion on Liberty Reserve; a major online cash transfer business run out of Costa Rica, that was shut down in May 2013 for laundering US $6 billion Liberty Reserve

Case Study: Group discussion on the Benex scandal, where Russian organised-crime laundered at least US $5 billion through 4 accounts at BNY and one account at RNB in 1998

Day Two

Terrorist Financing Typologies• Diversion of charitable funds• Legitimate or semi-legitimate businesses• International business transactions• Overseas funds transfers• Spurious NPO (Non-profit organisations) networks• Government or state sponsorship

International Initiatives For Combatting ML• Key components of the international and legal framework• United Nations initiatives• UN conventions and resolutions• Global Program Against Money Laundering (GPML)• The International Money Laundering Information Network (IMoLIN)• UN Security Council (UNSCR) 1373 2001• UNSCR 1624 2005• European Union Directives• Financial Action Task Force (FATF) 1989• AML/CTF policies and coordination• Other International Bodies (a) IMF (b) Basel Committee on Banking Supervision (c) The Egmont Group (d) The Wolfsberg Group

Risk Based Approach ToAnti-Money Laundering (AML)And Counter Terrorist Financing (CTF)

25 – 28 August 2014

Venue TBC, Geneva, Switzerland

21 – 24 September 2014

The Address Hotel, Dubai Marina,

Dubai, UAE

Money Laundering is increasingly gaining momentum and attention, both nationally and internationally. Therefore, the pressure is accelerating on financial institutions to comply with the money laundering regulations, and take effective steps to combat money laundering and counter terrorist financing.

This course is a must and of pivotal importance for bankers and policy makers/regulators as it provides the participants with a holistic overview of money laundering issues; including schemes, effects, and the wide gamut of techniques for combatting it.

Course Introduction

+971 4 335 2437 +971 4 335 2438 register@iirme.com www.iirme.com/riskbased-AML

• Risk indicators - Country risk - Product risk - Business risk - Reputational risk - Transaction risk - Client risk - Process risk• Mitigating controls

Constructing A Bank’s Risk-Based AML Approach• AML policies, procedures, and controls• Designating an AML compliance officers• Supervision, staffing and ongoing training• Reporting and information flow• Surveillance, systems and investigations• Auditing for AML; internal and external• Product risk assessment• Relationship risk classification• The core components of CDD• CDD processes and tools• Unacceptable accounts/relationships• Country risk tool kit• Business sector risk tool• CDD documentation tools• AML and CTF Due Diligence checklist for financial institutions• Monitoring customer relationship (a) Pattern analysis (b) Risk rating (c) Monitoring credit swings

Case Study: Group discussion on the plan and variables for constructing a CDD framework for financial institutions

Reputational Risk• Overview and definition• Managing reputational risk• Integrity Due Diligence (IDD)• IDD process• Integrity “Red Flags” checklist• Due Diligence investigation tools• Efficient use of capital• Risk-adjusted approaches• Value-at-risk approaches

Case Study: Group discussion on Washington DC-based Riggs Bank/Augusto Pinochet case and ramifications on reputational risk

Financial Intelligence• Federal database and information Systems• TECS II (Treasury Enforcement Communications System)• NLETS (National Law Enforcement Telecommunications System)• NADDIS (Narcotics & Dangerous Drugs Information Systems)• Government and agencies records• FinCen (Treasury Department’s Financial Crimes Enforcement

Network)• Department of homeland security• Commercial and online databases• Credit-related sources• Credit bureau reports (Equifax- TransUnion- Experian)

AML/CTF Policies And Procedures, And Systems• Risk assessment methodologies• Customer acceptance and black list screening• Know Your Customer (KYC)• Elements of KYC programmes• Client Due Diligence (CDD)• Monitoring• Reporting obligations: Suspicious Transaction Reporting (STRs)• Mandatory reporting• Record keeping-type of information retained and minimum periods• Staff screening and training• Material deficiency finding• Audit and assurance• Terrorist financing monitoring• Classification of accounts• High-risk geographies, businesses, products and services

Day Three

Red Flags Checklist• Tellers and customer service personnel• Wire transfer operations• Loan officers• Offshore transactions• Real estate and property transactions• Third party obligations• Trade services

CTF Modus Operandi • Ratification and implementation of UN instruments - 1999 United Nations International Convention for the

suppression of the financing of terrorism - United Nations Security Council Resolution 1373• Criminalising the financing of terrorism and associated ML• Freezing and confiscating terrorist assets• Reporting suspicious transactions related to terrorism• Organisational settings: - Laws, rules and regulations - Information sharing - Forensic review of surveillance and investigation• International co-operation• Ensuring adequacy of laws and regulations regarding NPOs• Cash couriers• Ensuring sufficient measures in place for detecting physical

cross-border transportation of currency and bearer negotiable instruments

• Availability of effective, proportionate and dissuasive sanctions

FATF Methodology Assessment Questionnaire• Country’s legal system• Customer identification• Politically-Exposed Persons (PEPS)• Policies regarding correspondent accounts• Ongoing monitoring of accounts and transactions• Internal controls, compliance, audit and training

Day Four

AML/CTF Risk-Based Approach• Components of the risk-based approach

Event Course Fee Before9 June 2014

Course Fee Before30 June 2014 Final Fee

Risk Based Approach To Anti-Money Laundering (AML)And Counter Terrorist Financing (CTF)25 – 28 August 2014 (BC5601A)

US$ 3,995 US$ 4,495 US$ 4,795

Event Course Fee Before6 July 2014

Course Fee Before27 July 2014 Final Fee

Risk Based Approach To Anti-Money Laundering (AML)And Counter Terrorist Financing (CTF)21– 24 September 2014 (BC5601)

US$ 3,995 US$ 4,495 US$ 4,795All registrations are subject to our terms and conditions which are available at www.iirme.com/terms. Please read them asthey include important information. By submitting your registration you agree to be bound by the terms and conditions in full.

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Payments

A confirmation letter and invoice will be sent upon receipt of your registration. Please note that full payment must be received prior to the event. Only those delegates whose fees have been paid in full will be admitted to the event. You can pay by company cheques or bankers draft in Dirhams or US$. Please note that all US$ cheques and drafts should be drawn on a New York bank and an extra amount of US$ 6 per payment should be added to cover bank clearing charges. In any event payment must be received not later than 48 hours before the Event. Entry to the Event may be refused if payment in full is not received.

CancellationIf you are unable to attend, a substitute delegate will be welcome in your place. Registrations cancelled more than 7 days before the Event are subject to a $200 administration charge. Registration fees for registrations cancelled 7 days or less before the Event must be paid in full. Substitutions are welcome at any time.

Avoid Visa Delays - Book Now

Delegates requiring visas should contact the Swiss Embassy in your country of residence.Delegates requiring visas should contact the hotel they wish to stay at directly, as soon as possible. Visas for non-GCC nationals may take several weeks to process.

All registrations are subject to acceptance by IIR which will be confirmed to you in writing.

Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter

the venue and/or speakers.

Event Venue: Venue TBC, Geneva, Switzerland Tel: +The Address Hotel, Dubai Marina, Dubai, UAE Tel: +971 4 436 7777

Accommodation DetailsWe highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on:Tel: +971 4 407 2693Fax: +971 4 407 2517Email: hospitality@iirme.com

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DISCOUNTS AVAILABLEFOR 2 OR MORE PEOPLE

CALL – +971 4 335 2483E-MAIL – a.watts@iirme.com

FIVE WAYS TO REGISTER

IIR Holdings Ltd.P.O Box 9428Dubai, UAE

+971 4 335 2438

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register@iirme.com

www.iirme.com/riskbased-AML

Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance.

WOULD YOU LIKE TO RUN THIS COURSE IN HOUSE?

Risk Based Approach To Anti-Money Laundering (AML)And Counter Terrorist Financing (CTF)

25 – 28 August 2014 Venue TBC, Geneva, Switzerland

21 – 24 September 2014The Address Hotel, Dubai Marina,

Dubai, UAE