This program seeks to provide directors with an understanding of the regulatory requirements on anti-money laundering and counter terrorism financing, as well as their roles and responsibilities in providing robust oversight over their financial institutions in this area. It will also help directors consider the kinds of questions they should be asking when faced with anti-money laundering Issues. A case study will also be provided to enable directors to gain better insight through a hands-on approach to this role.
At the end of the program, participants will be able to :
• Articulate the legal and regulatory requirements governing AML/CFT;
• Understand the role directors play in ensuring that their institutions are playing this role effectively;
• Have a better understanding on how their banking institutions’ policies, processes and procedures should be structured to ensure compliance with these requirements.