Financial Crime World

Financial Crime Fighters Gather in Mali for Innovative AML/CFT Training Initiative

Combat Money Laundering and Terrorist Financing in Mali

In Bamako, Mali, the Anti-Money Laundering Education (AMLE) organization initiated a groundbreaking anti-money laundering and counter-terrorist financing (AML/CFT) training program for professionals in the Malian legal sector. This trailblazing event marks the first of its kind in this West African country.

Comprehensive AML/CFT Training

Designed for compliance and risk professionals, these entry-level modules offer a solid foundation for AML/CFT practices. The training, which consists of two chapters and spans four hours, covers various topics, ranging from the fundamentals of anti-money laundering to guidance specific to the legal profession.

Module 1: Introduction to Anti-Money Laundering (AML)

In this introductory module:

  1. Understand AML & CFT Practices: Attendees will learn about AML and CFT practices, including their origins and the role in combating terrorism financing.
  2. Key Concepts: Gain a strong foundation in crucial concepts related to AML/CFT, such as politically exposed persons (PEPs) and international sanctions.

Building on Module 1, Module 2 concentrates on essential risk identification and mitigation strategies for legal professionals. This module emphasizes the importance of:

  1. Client Due Diligence: Learn the significance of client due diligence as a powerful tool to safeguard the integrity of the legal system and contribute to the global fight against financial crimes.
  2. Record-keeping: Understand the importance of maintaining accurate records in preventing financial crimes and maintaining the trust of clients.
  3. Reporting: Grasp the significance of reporting suspicious transactions to the relevant authorities.

Expert-Led Training

Led by renowned international experts:

Steve Hancock

Co-Founder and Director of AML Analytics and a leading AML/CFT expert, Steve Hancock, will lead the training session. Steve’s extensive 30-year career in financial services includes significant contributions to the development and delivery of corporate money laundering policies and the provision of guidance on prevention measures in various locations around the world.

Wayne Walsh SC (State Counsel)

Barrister and head of chambers at Parkside Chambers, Hong Kong, and a specialist in financial crime and compliance, civil fraud, and asset recovery, Wayne Walsh, has generously lent his expertise to validate the content within this course. Both Hancock and Walsh are accredited experts in their field and have extensive experience working with both public and private institutions, providing invaluable insights and practical knowledge to the Malian legal sector.