The regulatory mandates globally, have added a spectre of personal liability for the Board Members to likely compel the executives to devote more attention to the design and maintain the institution’s AML program. This course is actually an overall consult session for the Board members to get a grip over their organizational Risk Appetite/Tolerance, subsequent Framework, AML compliance, Risk overview, etc. for which they are responsible as an on-going AML compliance.

In a broad sense, these training sessions will explain the regulatory mandate that endorses more robust individual accountability from them for AML compliance towards the organization and the steps they take to empower their organization with culture, knowledge and understanding, that’s needed to tackle this regulatory mandate and demonstrate organization-wide compliance readiness for regulatory authorities.

• We will stress on case-based discussion and provide an overview of the existing AML regime and its enhancements.
• We will explore the tools available for increasing response capability towards executive liability in the AML arena.
• We will understand overalls of and potential challenges & downsides of certification requirements, increasing agency enforcement and understanding the risks of shareholder suits as pressing the issue as a matter of corporate governance.
• Ultimately, we will discuss and review ideas and suggest that a more efficient and effective regulatory outcome could be achieved if the private market developed and then adopted standards by which executive liability is justified in a financial firm, for AML failures.

This is an interactive training program and will involve the following training approaches: Lectures, Webinars/Seminars & Presentations, Group Discussions, Bod & Sr. Mgmt. Consulting sessions, AML KYC Policy Documentation Analysis, Compliance Team Focus Group Discussions, Case Studies & Functional Exercises.

Compressing the benefits for the Board Members/Sr. Management personnel:

• Understand and be equipped for regulating money laundering controls, it’s set-up and requisite governance for regulatory violation prevention-oriented approach
• Understanding organizational vulnerabilities to (or complicit in) money laundering and measures to tighten the controls
• Instructive understanding and case studies of potential compliance failures and subsequent management recourse
• Law enforcement investigations, what triggers them, methods of dealing with them and possible remedies
• Executive liability for a compliance failure, possible scenarios, what are the next steps and damage control
• Technology set-up for the efficient flow of critical compliance and operational information for seamless adherence and governance

Board members who participate in this course can benefit in the following ways:

• Compliance failure is a personally liable offence, hence steering clear of any actions is a huge Personal Benefits
• Board Members get to discuss and understand the compliance and the know how
• BoD’s will further learn to strategize not only AML risks but any corporate risk mitigation against any type of risks in a structured manner and build a system to monitor, avoid and counter
• Understand the working of Law Enforcement network under a particular regulatory guideline as any anti-fraud or anti-malpractice or similar governance mechanisms are built in the similarly executable manner