"> AML/CFT AND CYBERSECURITY FOR FINANCIAL INSTITUTIONS | Africa Risk Institute

AML/CFT AND CYBERSECURITY FOR FINANCIAL INSTITUTIONS

About Course

AML/CTF programs are vital in identifying, disrupting and preventing money laundering and terrorism financing. This protects your business or organisation, your community and country from criminal activity. Financial Institutions should look beyond the regulatory compliance requirements for AML/CFT and seize the opportunity to independently and proactively ensure that their AML/CFT program is indeed working to protect your institution against downside risks that might emanate from the current unsavoury operating environment. Cyber Security risk has been identified as one of the top risks keeping business managers awake. The topics in this course provide a broad overview of Cyber Security concepts and practices and their application in day-to-day operations

What Will I Learn?

  • Understand the basic concepts of Cyber Security and how to detect and mitigate.

Topics for this course

30h

The Financial Institution Environment – AML/CFT Considerations

Asset Freezing – The Financial Institution Perspective

AML/CFT Governance, Structure, Policies and Procedures

Proceeds of Crime and Anti-Money Laundering Act (POCAMLA)

AML/CFT Risk Assessment Process

Guidance Notes on CyberSecurity

Customer Due Diligence Measures

Instituting a strong AML monitoring process and robust systems for transaction monitoring

Establishing efficient record-keeping procedures

Role of the Money Laundering Reporting Officer (MLRO)

Governance and role of Boards on Cybersecurity

Internet Security

Identity Theft

Email Security

Anti-Viruses

About the instructors

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11 Courses

0 students

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3 Courses

2 students

$950.00 $875.00

Material Includes

  • Materials include powerpoint presentations, short notes and case studies as well as videos to reinforce learning

Requirements

  • The course id offered on a Face-to-Face basis using a Workshop model that will involve short lectures, group discussions, case studies and especially a lot of interaction between the instructor and the participants and among the participants themselves.

Target Audience

  • Directors and senior Managers in MFIs and SACCOs
  • MLROs
  • Business Managers