Enhance AML Training Resources for Financial Institutions in Gabon
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As the Gabonese financial sector continues to grow, it is crucial for institutions to have a robust anti-money laundering (AML) training program in place. The Board of Directors and Senior Management must take ownership of this responsibility and ensure that their institution is adequately equipped to detect and prevent money laundering activities.
AML Compliance: A Priority for the Gabonese Financial Sector
In line with the Financial Action Task Force’s International Guidelines, the Gabonese financial sector needs to prioritize AML compliance. This requires a comprehensive understanding of the regulatory environment and the implementation of effective controls to prevent illegal activities.
Responsibilities Towards Compliance
The Board of Directors and Senior Management must be aware of their responsibilities towards compliance and take necessary steps to ensure that their institution is in line with international standards. This includes:
- Establishing a culture of compliance
- Appointing a Designated Director or MLRO
- Implementing policies and procedures for AML risk management
Exclusive 10-Day Course on AML Training
As part of its efforts to enhance AML training resources in Gabon, Skills For Africa Training Institute has launched an exclusive 10-day course designed specifically for Board Members, Heads of Sub-Committees, and Senior Management. The course will provide participants with a comprehensive understanding of the AML framework, regulatory requirements, and best practices for AML risk management.
Course Objectives
The objectives of the course include:
- Understanding money laundering controls
- Identifying organizational vulnerabilities to money laundering
- Instructive case studies on potential compliance failures
- Executive liability for compliance failures
- Technology setup for efficient flow of critical compliance information and governance
Benefits of the Course
The course is designed to benefit Board Members by providing them with a comprehensive understanding of AML risk management, enabling them to effectively exercise their oversight responsibilities. Senior Management will also benefit from the course by learning how to:
- Strategize AML risks
- Build a system to monitor and avoid money laundering activities
- Promote a culture of compliance within their organization
Course Outline
The 10-day course is divided into nine modules, covering topics such as:
- Understanding Board Members’ responsibilities towards compliance
- Basic five pillars of AML compliance
- Cooperating with law enforcement
- Corporate outlook
- Investigations initiated by financial institutions
- And more
Participants will receive training manuals and additional reference materials to support their learning journey.
Certification and Customization
Upon successful completion of the course, participants will be issued a certificate. Skills For Africa Training Institute can also customize the course to meet organization-wide needs. Contact us at training@skillsforafrica.org to learn more about this exclusive training opportunity.
Course Fees and Logistics
The training fee covers tuition fees, training materials, lunch, and training venue. Accommodation and airport transfer are available upon request. Payment should be sent to our bank account before the start of training and proof of payment sent to training@skillsforafrica.org.