Course Outline

• Guernsey money laundering legislation and regulation: the offences and penalties and the requirements on both individuals and financial services and prescribed businesses
• The role and duties of the MLRO
• The risk-based approach
• Staff AML training: what it should cover, how to deliver and assess it, and how to maintain staff awareness during training
• Terrorism and money laundering: where they meet and where they differ
• Forewarned is forearmed: what is coming down the money laundering pipeline towards Guernsey
• Colourful case studies: money launderers we have known and loved.

Course Objectives

AML measures cannot be separated from the rest of the business, especially with the increased emphasis on a "risk-based approach" – therefore senior staff need to be aware of the issues involved so that they can help formulate, approve and monitor the AML/CFT strategy.

Target Audience / Entry Requirements

This three-hour seminar is aimed at board members and senior managers who are not Money Laundering Reporting Officers.