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Diploma Course

Compliance Officer AML Specialist

The training covers all the rules and situations that must be mastered by any Compliance Officer specialised in the fight against money laundering and the financing of terrorism. Based on participants’ experience, the course deepens their regulatory and theoretical notions and strengthens their capacity for AML risk analysis through practical cases.

TRAINING OBJECTIVES
At the end of the training, participants will be able to:
• Explain in which legal and regulatory framework various duties and actions of an AML Specialist Compliance officer fall within
• To define an adequate organisation for a good and proper AML risk management
• To determine if a MROS suspicious report is required and under what legal basis for such reporting
• To correctly open a complex business relationship and analyse business relationships as well as transactions where risk AML elements are revealed.

DURATION

The training includes 10 modules and lasts a period of two months. The entire training course represent an amount of 45 hours.

TRAINING’S MODALITIES

Participants receive at their domicile supporting documents and their access to the distance learning platform, in which e-learning training and theoretical courses are available in relation to the 10 modules of their teaching.

The training is provided by the expert from the virtual classroom. This part of the training is essentially based on practical aspects.

TARGETTED AUDIENCE

This training is dedicated to compliance officers active in an AML service of banks or other financial intermediaries, audit firms’ officers involved in auditing AML rules of financial intermediaries, financial companies’ chief executive officers.

PREREQUISITE

To be admitted to the AML Specialist Compliance officer course, candidates must prove one year of experience at least in an AML service or hold a Diploma of Bank central filing collaborator.

EXAM

The training ends by a 3 hours’ exam. The success of the exam leads to a diploma awarded by VisionCompliance training Center.

May 2nd 
13:30 à 17:30

MODULE 1 – CRIMINAL LIABILITY OF THE FINANCIAL INTERMEDIARY AND THE COMPLIANCE OFFICER

Arnaud BEURET

The module focuses on the condition for exercising as a Financial Intermediary, i.e proper and irreproachable activity throughout its organisation and activities. Financial intermediary’s liability in the event of AML breaches which can lead to criminal responsibility of the entity, including the potential liability of the Compliance Officer.

May 5th
13:30 à 17:30

MODULE 2 – AML ORGANISATION OF THE FINANCIAL INTERMEDIARY

Andrea Garnitschnig 

Isabelle Holliger-Weber

The organisation that a financial intermediary must set up for proper AMLA risk management according to FINMA circular 2017/1 and the various tasks of specialised AML services.

May 9th
13:30 à 17:30

MODULE 3 – MONEY LAUNDERING UNDER THE SWISS CRIMINAL CODE

Andrea Garnitschnig 

Isabelle Holliger-Weber

Understanding of the notion of money laundering within the meaning of article 305bis of the Swiss Criminal Code, i.e. act of frustrating the identification of origin, predicate offence, criminal organisation, terrorism 260ter SPC, corruption acts 322ter et seq.

May 12th
13:30 à 17:30

MODULE 4 – AML RISK MANAGEMENT

Thérèse Puglia Piot

AML risk management from the perspective of the FINMA AMLO and the application of the concepts of risk based approach and KYC. The criteria of high risks and the documentation required for clarifications.

May 16th
13:30 à 17:30

MODULE 5 – AML RISK MANAGEMENT (COMPLEX STRUCTURES)

Thérèse Puglia Piot

The main types of so-called “complex” structures and the classification criteria. Analysis method based on concrete examples of structures presenting risks from a criminal or tax analysis as well as the documentation requirements to evidence the understanding of such structure.

May 16th
13:30 à 17:30

MODULE 6 – ANALYSIS OF AML RISK OF BUSINESS RELATIONSHIPS

Vittorio Ferrario

How to analyse a business relationship from the point of view of the AML risk. The purpose of the additional clarifications and their content from the financial intermediary’s point of view and FINMA’s expectations regarding these clarifications.

May 23rd
13:30 à 17:30

MODULE 7 – PEP, POTENTATES AND CORRUPTION RISKS

Arnaud BEURET

Business relationships involving PEPs and the level of risk analysis of a PEP relationship from another high-risk relationship. Concept of potentates with an overview of the law on illicit assets. Patterns of structures in relation to corrupt acts and bribery.

May 30th
13:30 à 17:30

MODULE 8 – TRANSACTION MONITORING

Camillo ZBINDEN

Monitoring transaction in terms of process and closing of transactional alerts. Analysis and assessment of transactions (based on documentation and clarifications) as well as their follow-up and validation. Transactions related to terrorism financing.

June 2nd
13:30 à 17:30

MODULE 9 – SWISS BANK OF CONDUCT WITH REGARD TO DUE DILIGENCE (CDB)

Jeannine Huber-Bernhard

Due diligence focusing on the verification of the contracting partner’s identity and the beneficial owner’s identification. Need of corporate documents of the Anglo-Saxon jurisdictions. Specificities of each form and how to proceed in the event of an underlying company, insurance wrappers, etc.

June 10th
13:30 à 17:30

MODULE 10 – AML REPORT MROS, INTERNATIONAL MUTUAL ASSISTANCE IN CRIMINAL MATTERS

Corinne Berger

Doris Hutzler

The obligation to report to MROS under the AML. Case law on failure to report. Prescription of the prior crime. Presentation of the goAML tool: how to process the communication: without transaction or with transactions. Method and practical cases.