Ethics Real Talk Series Clean Hands, Dirty Money: AML, Beneficial Ownership and Financial Crime
CPD Hours: 2
Price: R450.00
Ethics Real Talk Series Clean Hands, Dirty Money: AML, Beneficial Ownership and Financial Crime
Presenters : Caryn Maitland CA(SA)
Overview
Financial crime continues to evolve, creating significant risks for businesses and professionals who are responsible for identifying, assessing and managing money laundering and other financial crime risks. Understanding Anti-Money Laundering (AML) requirements, beneficial ownership and the warning signs associated with suspicious transactions is essential for professionals who work with clients, financial information and company structures.
Join Caryn Maitland CA(SA) for an engaging session in the Ethics Real Talk Series: Clean Hands, Dirty Money: AML, Beneficial Ownership and Financial Crime. The session will explore the practical realities of financial crime, the importance of understanding who ultimately owns and controls an entity, and how professionals can identify red flags, fulfil their compliance responsibilities and avoid becoming unwitting participants in financial crime.
Learning objectives
Attending this webinar will equip you with the following skills:
- Understand the fundamental principles of Anti-Money Laundering (AML) and the role of professionals in preventing financial crime.
- Identify beneficial ownership and understand the importance of establishing who ultimately owns or controls a legal entity.
- Recognise common money laundering and financial crime red flags, including unusual transactions, complex structures and suspicious client behaviour.
- Understand the importance of Customer Due Diligence (CDD), Know Your Customer (KYC) and ongoing monitoring in managing financial crime risks.
- Apply ethical and compliance principles when dealing with suspicious activities and understand the potential consequences of failing to identify or report financial crime risks.
Content
The webinar will cover the following topics:
- Understanding Money Laundering and Financial Crime
- Money laundering: definition, stages and typologies
- Financial crime risks facing businesses and professional service providers
- The role of accountants and other professionals in preventing financial crime
- Ethical responsibilities and professional scepticism
- Anti-Money Laundering (AML) and Client Due Diligence
- Know Your Customer (KYC) requirements
- Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
- Client risk assessment and risk-based approaches
- Ongoing monitoring and identification of unusual or suspicious transactions
- Beneficial Ownership and Financial Crime Red Flags
- Identification and verification of beneficial owners
- Ultimate ownership and control of legal entities
- Complex ownership structures and nominee arrangements
- Common AML and financial crime red flags
- Suspicious transactions and reporting obligations
- Consequences of non-compliance and professional misconduct
- Ethics in Practice: Keeping Clean Hands
- Professional judgement and ethical decision-making
- Avoiding facilitation of financial crime
- Responding to suspicious client activities
- Balancing client relationships with legal and professional obligations
