You can use the search function to find a range of UK Finance material, from consultation responses to thought leadership to blogs, or to find content on a range of topics from Capital Markets & Wholesale to Payments & Innovation.
UK Finance 5th Floor EC2R 7HJ United Kingdom
Correspondent banking is a vital part of global finance but there is a risk that some of the transactions can represent the proceeds of crime. The speed at which payments must be processed also hinders the identification of suspicious transactions. Given the heightened regulatory focus on money laundering and terrorist financings around the world and the severe nature of the penalties imposed on financial institutions for ineffective AML controls in their Correspondent Banking divisions, it is essential that banks train their relevant staff to understand the specific inherent risks and be able to detect and intercept suspicious transactions.
This three hour workshop is aimed at Banking staff with a responsibility for Correspondent Banking as Compliance professionals responsible for second-line monitoring. The briefing will provide you with an overview of Correspondent Banking services and how they can be exploited by money launderers, as well as an understanding of the FCA's approach to ensuring firms understand the money laundering risks they are exposed to through their trade finance business.
This course will repeat on the following dates: 26 September
By attending this session you will:
Take this training in-house
If you have five or more delegates who wish to attend this briefing, it may be more cost effective to run it in-company. To find out more about in-company training, please contact the team on 0203 934 1014 or training@ukfinance.org.uk
Richard Sinfield is a highly accomplished Compliance and AML professional with a proven track record in designing and implementing regulatory complian...
Richard Sinfield is a highly accomplished Compliance and AML professional with a proven track record in designing and implementing regulatory compliance and anti-financial crime training programmes that support the needs of senior managers, front office and second line of defence staff in the financial services industry. With extensive training experience garnered at leading global banks and asset managers, Richard has proven adept at working with key business stakeholders to develop tailored and highly practical learning programmes, and then delivering effective and memorable classroom training. He has been a trainer for over 15 years, after working in the Compliance departments of two global investment banks. He has also recently provided consultancy services to the Trade Finance division of a UK bank.
This session will benefit individuals in all firms who are involved in, or responsible for, correspondent banking, trade finance, transaction processing and Compliance, including the MLRO and senior managers and directors.
By downloading this document, you understand and agree that any sharing, distribution or republishing of the content, without prior written authorisation from the author or content managers at UK Finance, shall be constituted as a breach of the UK Finance website terms of use.
