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The Training Course

With today’s modern advancements in global banking and financial services technologies and interconnectivity, implementing effective, robust, and proportional Anti-Money Laundering (AML) and Counter the Financing of Terrorism (CFT) compliance frameworks has grown ever more challenging. Not only must firms be able to implement risk-based assessments that are proportional to the size and nature of a firm’s activities, they must also ensure that these systems can seamlessly integrate third party systems in order to provide effective monitoring of AML and CFT risks.  

This training course has been specifically designed to provide a firm’s compliance and front office employees with highly comprehensive training on AML global trends and challenges, as well as a thorough review of money laundering methods and ways of concealing beneficial ownership. By attending the training course individuals will be thoroughly trained on global money laundering techniques and will be equipped to be able to more effectively carry out internal client AML and CFT checks and risk assessments. The training course provides practical and interactive training combined with contextual case studies to exemplify global AML and CFT practices.


Key Benefits

· Highly comprehensive training course materials including a 100+ page training manuals, training support materials, and four PowerPoint presentations.

· The training course will provide firm compliance personnel and front office employees with practical hands-on training on how to effectively carry out AML and CFT checks and risk assessments.

· The training course provides a blend of legal, operational, and case study perspectives in order to offer a blended and tailored learning experience for attendees.




Session 1: AML and CFT Global Trends and Challenges

·       Global View of AML and CFT Cases and Fines, Developments in High Risk Third Countries, Developments in Higher Risk Third Countries.

·       An Update on High End Money Laundering, Strategy and Action Plan.

·       A Review of the Latest AML and CFT Compliance Technology Features (Artificial Intelligence (AI) Risk-Driven Databases (Companies, People); AML Real Time Facial Recognition Identification).


Session 2: A Review of Money Laundering Methods

·       Assets (gold, jewellery, raw diamonds, antiquities, art); Real Estate (Legal Estate, Equitable Interests, Property Values, Cash Deposits); deposit boxes; private cash deals; currency exchange offices, loans and mortgages.

·       The growing use of Third Party Intermediaries (TPIs) (Consulting Firms; Legal Professionals; Trust and Company Service Providers; Accountants) and New Areas (Capital Markets; Mergers and Acquisitions).

·       TPI Vulnerabilities (Shelf Companies, Directorship, Trustee, Virtual Office, Mailbox Services, Trusts, Client Accounts, Client Advocacy and Brokerage Services), and Environmental Vulnerabilities (Jurisdictional Vulnerabilities, Vulnerable Business Practices).


Session 3: Concealment of Beneficial Ownership

·       Misuse of Legal Persons and Arrangements (Capital Companies, Partnerships, Limited Liability Companies, Foundations, Trusts).

·       Techniques used to Obscure Beneficial Ownership (Complex Ownership and Control Structures, Use of Individuals, Use of Financial Instruments, Falsifying Activities).

·       Case Studies (Australia); Case Studies (Argentina); Case Studies (Belgium); Case Studies (Bolivia); Case Studies (Canada); Case Studies (Cayman Islands); Case Studies (China).


Session 4: Advanced Risk Assessment Methodologies and Monitoring

·       Client Risk Rating (Jurisdiction, Political Status, Legal Persons and Arrangements, Industry Type); Country or Geographic Risks; Product Type Risks; Delivery Channel Risks; Risk Rating Methodologies; Risk Rating Scale.

·       Integration of Third Party Systems (Criminal Records, Black Lists, White Lists, PEPs, Corruption Indexes, Negative News Screening, Data Feeds (Application Programming Interfaces (APIs))).

·       Transaction Filtering and Monitoring, Automated Analytics, Internal Audit (Audit Committee Participation, Subject Matter Knowledge, Escalations, New Business Committee).

Expert Trainer


Rodrigo Zepeda is Co-Founder and Managing Director of Storm-7 Consulting. He is an expert consultant who specialises in derivatives and banking and financial services law, regulation, and compliance. He is an expert in a very broad range of regulatory compliance frameworks such as FATCA, the OECD CRS, MiFID II, MAD 2 MAR, PSD2, CRD IV, Solvency II, OTC Derivatives, CCP Clearing, PRIIPs, BRRD, AML4, and the GDPR. He holds a LLB degree, a LLM Masters degree in International and Comparative Business Law, and has passed the New York Bar Examination. He was an Associate (ACSI) of the Chartered Institute for Securities & Investment from 2004 to 2014 and is now a Chartered Member (MCSI). He has created and delivered numerous conferences and training courses around the world such as 'FATCA for Latin American Firms' (Santo Domingo, Dominican Republic, Panama City, Panama), 'MiFID II: Regulatory, Risk, and Compliance (London), and 'Market Abuse: Operational Compliance' (London), 'AEOI (FATCA & CRS)' (Manama, Bahrain). He has also delivered numerous In-House Training Courses around the world to major international financial institutions such as The Abu Dhabi Investment Authority (MiFID II: Operational Compliance, Abu Dhabi, the United Arab Emirates), the United Nations Principles of Responsible Investment (MiFID II: Final Review, London), CAF, the Development Bank of Latin America (Swaps and Over-the-counter Derivatives, Lima, Peru), Rothschild Investment Management (UK) Limited (AEOI (FATCA & CRS), London) and Bethmann Bank AG (MAD 2 MAR, Frankfurt). He is a Reviewer for the Journal of Financial Regulation and Compliance and has also published widely in leading industry journals such as the Capco Institute's Journal of Financial Transformation, the Journal of International Banking Law and Regulation, as well as e-books on derivatives law. Noted publications include "Optimizing Risk Allocation for CCPs under the European Market Infrastructure Regulation"; "The ISDA Master Agreement 2012: A Missed Opportunity"; "The ISDA Master Agreement: The Derivatives Risk Management Tool of the 21st Century?"; "To EU, or not to EU: that is the AIFMD question"; and "The Industrialization Blueprint: Re-Engineering the Future of Banking and Financial Services?".