Financial Crime World

Money Laundering Detection Methods in British Indian Ocean Territory: A Comprehensive Workshop

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The British Indian Ocean Territory is taking a proactive approach to combating money laundering, with a comprehensive workshop on Anti-Money Laundering and Financial Crime scheduled for [date]. The training course, led by GLOMACS, will provide attendees with the necessary skills and knowledge to detect and prevent financial crimes.

Objectives

  • Equip participants with the ability to detect, deter, and disrupt all types of financial crime, including money laundering.
  • Provide a comprehensive understanding of good customer due diligence (CDD) and enhanced due diligence (EDD).
  • Apply investigation techniques and knowledge of anti-money laundering (AML) and combating the financing of terrorism (CFT).

Training Methodology

  • Blended learning approach featuring exercises, scenarios, question-and-answer sessions, and dynamic delivery of compelling cases in financial crime and money laundering.
  • Highly interactive training environment allowing attendees to engage with each other and share their experiences.

Personal Impact

  • Develop greater confidence in recognizing money laundering and financial crime methods.
  • Apply sound knowledge of CDD and EDD principles to work environment.
  • Gain a better understanding of global AML, sanctions, and financial crime regimes, enabling implementation and development of organization’s risk-based approach more effectively.

Who Should Attend

  • Employees and supervisors in all aspects of financial services, law enforcement, and other public bodies.
  • Professionals from various sectors, including:
    • Experienced analysts
    • Compliance professionals
    • AML investigators
    • KYC/CDD/EDD onboarding and investigations teams
    • Fraud and financial crime professionals

Workshop Outline

Day 1: Money Laundering Techniques and Methods

  • Requirements for good CDD/EDD
  • Global effort to combat money laundering and financial crime
  • Recognition of money laundering techniques through typologies worldwide
  • In-depth exercise components on organized crime ML typologies

Day 2: Money Laundering Investigations

  • Review of current global sanctions and sanctioned entities
  • Fraud methodologies and fraud prevention
  • Trafficking: methodologies, the impact on victims
  • Trafficking case studies and exercise

Day 3: The Benefits of Effective Financial Intelligence

  • Conducting a review and assessment of high-net-worth individuals (HNWIs) and politically exposed persons (PEPs)
  • Creating a suspicious activity report (SAR) based on the OCN exercise
  • Financial intelligence in relation to CFT

Endorsed Education Provider

GLOMACS is an endorsed education provider by the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.