Advanced Anti Money Laundering Training : Developing An Effective Money Laundering Risk Matrix

PRLog (Press Release) – Jun 05, 2008 – The Anti Money Laundering Network is holding a series of advanced training courses for financial services businesses in Kuala Lumpur, Singapore, Jakarta and Hong Kong in June 2008.

The one day course is designed to facilitate the development of a risk management model for specific market sectors tailored to individual companies and their products.
The course is designed so as to meet the needs of the following businesses:
PIMS – Private Banking, Investment Banking, Merchant Banking and Securities Businesses plus funds managers for institutional funds. Some commercial bankers may prefer to attend this version of the course.
RFS – Retail Financial Services: SME banking, personal banking, insurance (life, pensions and general), unit trusts and related investments, professional firms and money services businesses including bureaux de change and money transmitters.

The course is in a workshop format. Delegates will produce a model risk matrix and learn how to construct the data within it, how to weight data and how to use the results.
Nigel Morris-Cotterill, Head, The Anti Money Laundering Network, will conduct the workshop. Morris-Cotterill said “A Money Laundering Risk Matrix is an essential tool for assessing money laundering risk. The concepts are extremely simple: the execution is extremely complex. At The Anti Money Laundering Network, we have been constructing Risk Matrices for businesses for more than a decade. Now those businesses that are not yet clients of our consultancy can gain the benefit of the insights that that experience brings.”
The Risk Matrix is an essential part of the compliance and risk management function. Some financial institutions have used Risk Matrices that have not identified sufficient areas of risk – and regulators around the world have imposed substantial fines on several banks and others.
Dates:
PIMS
Kuala Lumpur: 12 June 2008
Singapore : 16 June 2008
Jakarta : 19 June 2008
Hong Kong : 23 June 2008
RFS
Kuala Lumpur: 13 June 2008
Singapore : 17 June 2008
Jakarta : 20 June 2008
Hong Kong : 24 June 2008

In July, the series will run in several African countries and in November in the Gulf and Europe.
For more information visit www.moneylaunderingriskmatrix.com

Antimoneylaunderingtraining.com is a division of The Financial Crime Forum Limited, part of The Anti Money Laundering Network.
Contact: The Anti Money Laundering Network Global Response Centre, Kuala Lumpur
tel: +6 03 20748 9152
fax: +6 03 2078 9151