Branch Management In Financial Instituitions
AML/CFT issues are increasingly becoming a global requirement for the continued participation in the banking industry, both locally and internationally. Banks cited for AML/CFT offences faces financial, regulatory as well as reputational risks which can be very significant on some occasions, as recently recorded in the banking industry.
It therefore behoves on Bank Executives and Senior Management to ensure adequate awareness of their entire staff as well as ensuring their operational systems and procedures are embedded with necessary controls to ensure suspicious transactions are promptly identified and appropriately reported and their platforms not used to perpetrate AML/CFT activities, particularly in their International Trade operations.
Target Group
- Risk Managers
- Compliance Managers
- Internal Controllers
- Investment Managers/Brokers
- Branch Managers
- Anti-Money Laundering Officers
- Foreign Operations Managers
Objectives
Participants are expected to:
- Understand the typologies of money laundering in Ghana
- Know how to prevent the banks and its branches from being used, intentionally or unintentionally for money laundering or terrorist financing activities.
- Enable banks to know and understand its customers and their financial dealings better, which in turn help to manage its risks prudently.
- Understand the main areas in money laundering practices particularly in international trade.
Pre-requisite
Participants should have knowledge in branch operations, relationship management or risk/ compliance.
- Overview of Legal Regulatory Framework of Anti Money Laundering & Terrorist Financing (AML Act749 & L.I 1987, BoG Guidelines
- Developments In AML In Ghana
- AML/CFT & High Risk Customers/ Private Banking &KYC/ CDD in Account Opening
- Risk Based AML/ CFT Approach In Electronic Banking (Cards, Internet, Mobile Banking)
- AML/CFT & Trade Services
- BoG, FIC&FATF AML/CFT Red Flags
- Role of the Compliance unit
- Operations of FIC
Length / Duration
4 Days
Starting Date
10/04/2018
Ending Date
13/04/2018
Skill Family
Risk, Compliance, Retail
Skill Level
Advanced
Format
Classroom, Instructor-led, Interactive
Delivery Source
NBC and External Consultants
Language
English
Post Course Assessment
No
Certification
Certificate of Participation
Quick Links
Location
3 odoi kwao street,
Airport Residential Area,
Accra-Ghana