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 respon-sibilities 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.