Anti Money Laundering (Seminarsprache: Englisch)

Prevention of Money Laundering and Terrorism Financing

• The rules and regulations of the German Regulator and of BaFin as the AML/CTF Supervisor including the best industry practice observed
• AML Risk Management, Monitoring and Reporting
• Know-your-customer and Customer Due Diligence standards
• Specificities of German AML Regulations: Interpretation and Application
• Incl. new EU AML / CTF regulations published in May / June 2024

One focus lies on implementation problems of the GWG as well as the innovations of the BaFin´s special part for the banking industry. The prospective deletion of the catalogue of precautions in § 261 StGB could also have a significant impact on the next risk analysis as new risk constellations may arise. The interplay of European and national supervision of the financial market will also be worth an in-depth look as uniform requirements on a EU level also open up opportunities for cross-border standards.

After attending the seminar
You will have gained an even deeper understanding

• …of the the AML/CTF requirements you have to comply with
• …of your responsibilities preparing a risk assessment
• …how to interact with FIU filing SARs/STRs and BaFin
• …how avoid the pitfalls of the Transparency register, UBOs and PEPs as well as your training, supervisory and controlling duties

We are not only focusing on the existing requirements but will share with you as well our thoughts and ideas regarding the upcoming and expected new rules and obligations. Those changes may even have impact on your organizational set-up and your processes. Please be ensured, that even regulatory changes, which take place between now and June 21 will be taken into consideration.