[ONLINE] AML Implications in Cash Usage – 02 October

Cash remains a significant medium in both legitimate and illicit financial activities. Despite the rise of digital transactions, cash is still widely used due to its anonymity and ease of use. This webinar will delve into the implications of cash usage in the context of Anti-Money Laundering (AML) regulations, exploring how cash transactions can be monitored and controlled to prevent money laundering and other financial crimes.

Instructed by: Elizabeth Sammut Borg. in: Uncategorized

Seminar Description

Background Information

Cash remains a significant medium in both legitimate and illicit financial activities. Despite the rise of digital transactions, cash is still widely used due to its anonymity and ease of use. This webinar will delve into the implications of cash usage in the context of Anti-Money Laundering (AML) regulations, exploring how cash transactions can be monitored and controlled to prevent money laundering and other financial crimes.

Specific Topics to be Covered

1. Overview of AML Regulations: Understanding the key AML laws and regulations, including the FIAU Guidance and its requirements.
2. Risks Associated with Cash Transactions: Identifying the risks of money laundering and terrorist financing linked to cash usage.
3. Monitoring and Reporting: Best practices for monitoring cash transactions and reporting suspicious activities, including the CBAR system.

Target Audience

This webinar is designed for compliance officers, financial crime specialists, risk management professionals, and anyone involved in AML compliance within financial institutions. It is also beneficial for legal professionals, auditors, and regulators who oversee AML practices.

Why Attend?

Attending this webinar will provide valuable insights into the complexities of cash usage in the financial system and its implications for AML compliance. Participants will gain a deeper understanding of regulatory requirements, learn about effective monitoring and reporting techniques, and explore ways to mitigate risks. This session is essential for both members and non-members who want to stay ahead in the fight against financial crime and ensure robust AML compliance within their organisations.

CPE

Qualifies for 3 CPE Professional hours under the core competency area.

Course Fee

The course fee is €85.00 Non-Members €75.00 For Members. The fee covers seminar participation and access to event resources. Login details will be provided closer to the date.

A receipt will be issued to all participants.

Event Resources

Participants will receive the event resources by email.

Additional Information

For more information, kindly use the following communication mediums:

T: 21 58 53 74   M: 77 01 17 19   E: info@skillsmalta.com      Webpage: www.skillsmalta.com