Gibraltar Financial Institutions Urged to Prioritize Compliance Training Amidst Tougher Anti-Money Laundering Regulations

Introduction

A leading compliance training provider is set to launch a comprehensive six-webinar programme for financial institutions in Gibraltar, aimed at ensuring seamless implementation of anti-money laundering (AML) regulations. The initiative aims to equip professionals with the necessary skills and knowledge to effectively manage AML risks and stay compliant with the latest regulatory requirements.

Expert Trainer and Programme Overview

The 2024 Anti-Money Laundering Compliance Programme, scheduled to commence on September 11th, will feature expert trainer Shazia Zamir, who boasts over two decades of hands-on experience in financial services. The programme consists of six one-hour webinars, each including a question-and-answer session, designed to provide practical guidance on fundamental areas of AML risk management.

Programme Topics

The webinars, spaced out over several weeks, will cover the following topics:

Designing and implementing an effective Business Risk Assessment (BRA)
Building an effective AML risk management framework
Conducting customer/relationship risk assessments in practice
Managing high-risk relationships through:
- Customer Due Diligence (CDD)
- Sanctions Due Diligence (SDD)
- Enhanced Due Diligence (EDD)
Achieving effective compliance monitoring
Monitoring customer relationships and transactions

Expert Trainer Background

Shazia Zamir, the expert trainer behind the programme, has a wealth of experience in senior compliance roles within legal, financial, and law enforcement sectors. Her expertise includes:

Managing and setting up compliance teams
Reviewing and testing policies and procedures
Implementing process improvements
Conducting AML and GDPR audits
Guiding MLRO/COLP’s and COFA’s in making informed risk decisions
Designing bespoke risk case management systems for centralized teams
Writing and delivering firm-wide training on various key compliance topics

Programme Target Audience

The programme is specifically designed for professionals working in the finance sector, with a focus on those in governance, risk, and compliance functions. The webinars are set to provide valuable insights and practical guidance on AML risk management, helping financial institutions in Gibraltar stay ahead of the curve in an increasingly complex regulatory landscape.

Quote from Expert Trainer

“With the ever-evolving nature of anti-money laundering regulations, it’s essential for financial institutions to prioritize compliance training,” said Shazia Zamir. “Our programme is designed to equip professionals with the necessary knowledge and skills to effectively manage AML risks and ensure compliance with the latest regulatory requirements.”