Transaction Monitoring with Case Studies

Event Details

NPR 8,000 + VAT

Understanding the Impact of Money Laundering and Terrorist Financing on Global Financial Markets


Course Overview

In today’s global financial landscape, the rapid increase of cross-border financial transactions has significantly increased the risks associated with money laundering and terrorist financing. These risks pose a direct threat to the stability and integrity of financial markets worldwide. Therefore, banking and financial institution (BFI) officials must have a deep understanding of the prevailing laws, regulations, and their practical applications. This comprehensive program is designed to equip participants with the necessary knowledge and skills to effectively navigate the complex terrain of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) frameworks.

Learning Outcomes

Upon completing this program, participants will be able to:

  • Share policies and guidelines for implementing money laundering prevention and stay up-to-date with recent developments.
  • Gain a comprehensive understanding of the compliance requirements and obligations placed on financial institutions under the AML/CFT regime in Nepal.
  • Recognize the gravity and consequences of non-compliance with AML/CFT regulations.
  • Grasp various aspects of operational risk management from both a practical and regulatory perspective.
  • Acquire techniques and processes to minimize operational risk effectively.
Course Objectives:
  • Aligning AML/CFT with Business Growth: Learn how to seamlessly integrate AML/CFT measures into your bank’s operations to foster growth and compliance simultaneously.
  • Leveraging AML/CFT for Business Expansion: Discover how AML/CFT can be leveraged as a strategic tool.
  • Efficient Resource Utilization: Explore techniques for achieving AML/CFT objectives with minimal resources and staffing, making compliance more cost-effective.
  • Implementing Laws with Ease: Gain insights into the effective implementation of AML/CFT regulations while working within resource constraints.
  • Understanding the Banking-AML/CFT: Recognize the inseparable link between banking operations and AML/CFT measures and how they can mutually reinforce each other.
  • Risk Assessment and Focus: Identify instruments and strategies for assessing risks and concentrating efforts on high-risk areas, optimizing resource allocation.
  • Simplified AML/CFT Procedures: Learn the easy-to-follow modalities and benefits of applying AML/CFT, including Know Your Customer (KYC) and Customer Due Diligence (CDD) processes.
  • Customer Interaction: Understand how to effectively communicate AML/CFT requirements to customers and train junior staff to handle customer interactions confidently.
Course Content
1. General Overview of AML/CFT:
  • Concept of AML/CFT.
  • Stages of money laundering.
  • Terrorist financing, sources of funds & methods to transfer funds.
  • Impact of money laundering and terrorist financing.
  • Key players and stakeholders in the AML/CFT system
  • ML/TF risk, cost of non-compliance, and supervisory concerns
2. FATF recommendations and Nepalese AML/CFT regime:
  • FATF recommendations
  • Nepalese AML/CFT regime
  • Major provisions of the Assets (Money) Laundering Prevention Act, 2008
  • Major provisions of Assets (Money) Laundering Prevention Rule, 2016
  • NRB Directives on AML/CFT
3. KYC, CDD, BO, PEPs, and Sanction
  • Meaning of KYC, Key aspects of KYC, the Customer identification procedure.
  • CDD process, simplified CDD, Standard CDD, Enhanced CDD, Risk-based approach to CDD. Beneficial ownership.
  • Sanction and PEP checks.
4. Suspicious Transactions/Activity and Threshold Reporting
  • Suspicious transactions: indicators, identification, types, and reporting.
  • Threshold reporting.
  • Responsibilities of Reporting Institutions.
5. Case Studies relating to multiple transactions in frequent and inadequate transaction
Target Participants 

Officials involved in Front Desk Office, Customer Service, KYC, Compliance and Reporting, Related Supervisors & Officers.

Methodology

The trainer’s approach ensures a well-rounded and engaging learning experience that caters to different learning styles, promotes knowledge retention, and fosters skill development in leadership.

  • Activities Base: Engage in hands-on activities that promote active learning and practical application of leadership concepts.
  • Brainstorming Exercises: Participate in group discussions and idea-generation sessions to foster creativity and problem-solving skills.
  • Case Studies: Analyze real-life scenarios and case studies to gain insights into practical leadership challenges and develop critical thinking skills.
  • Discussion Forums: Take part in interactive discussions with fellow participants to share perspectives, exchange ideas, and learn from diverse viewpoints.
Trainers Profile

Mr.Sudip Tripathee, Deputy Director, Nepal Rastra Bank

Investment and Program Details:

Program Date: 12 Falgun, 2080
Program Venue: Chitwan Garden Resort, Bharatpur Airport
Program Duration: 9:30 AM to 4:00 PM
Program Fee: NPR 8,000 + VAT

Contact Us Today:

For further information reach out to us at 
Contact Number: +977 9801093136 (WhatsApp) 
Email: kiran@froxjob.com