AML Regulatory changes (2020)

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Discover and know how to apply the new AML rules that will come into force on 1 January 2020.

The purpose of this training is to train Relationship Manager on the new MLA rules. The first part of the training focuses on risk management. It addresses the FATF’s concept of high-risk and non-cooperative countries as well as domiciliary companies and complex structures. The training explains the behaviours that the Relationship Manager must adopt in such situations.

The second part of the training presents the amendments to CDB 20 and the clarifications provided by its Commentary. These concern in particular the controlling person, the charitable purpose trust and the presence of a group of beneficiaries in a trust or a foundation.