Introduction
The programme “Anti-Money Laundering and Counter-Terrorist Financing Laws: Global Developments” develops professional practice in Law. It connects the subject with workplace challenges by examining existing evidence and practices and choosing methods appropriate to the organization and its available resources.
The learning progresses from anti-money laundering, due diligence, and reporting to contract drafting and allocation of obligations and risks, with practical work on fraud prevention, warning sign detection, and integrity protection, financial statement and report analysis, legal analysis, research, and memorandum drafting. Participants prepare outputs to support workplace application and review the quality and results of implementation.
Learning objectives
- Design due diligence, monitoring, and escalation controls proportionate to the case's risks in an application related to “Anti-Money Laundering and Counter-Terrorist Financing Laws: Global Developments”.
- Distinguish suspicious indicators and design a professional response that preserves evidence and confidentiality.
- Interpret performance, financial position, and cash flows using documented analysis with clear limitations.
- Analyze a legal issue and write a memorandum distinguishing facts, rules, and alternatives.
- Draft contractual clauses connecting scope, acceptance, payment, and risk allocation.
Learning areas
1. Anti-Money Laundering, Due Diligence, and Reporting
- Understand the relationship between money laundering and terrorist financing risks and the customer, product, channel, and country, without applying a single threshold in every environment.
- Define identification data for the customer and beneficial owner and the purpose of the relationship, with verification and updating under applicable local instructions.
- Design monitoring indicators suited to expected transaction patterns, distinguishing alerts requiring examination from events established by evidence.
- Define the process for alert review, escalation, and reporting to the competent authority, maintaining confidentiality and reviewing requirements against tipping off the customer.
- Prepare a training case using fictional data, including rationale, documents, and retention and follow-up procedures, and review control and training effectiveness. The application examines a case related to “Anti-Money Laundering and Counter-Terrorist Financing Laws: Global Developments”.
2. Fraud Prevention, Warning Sign Detection, and Integrity Protection
- Analyze exposure to fraud and conflicts of interest in the process, and distinguish errors, suspicious indicators, and established facts.
- Identify warning signs in transactions, authorities, and data, and design analytical checks that support verification without making accusations.
- Review segregation of duties, approvals, reconciliations, and system permissions, and assess their effectiveness in prevention and detection.
- Define reporting, escalation, evidence preservation, and confidentiality procedures, and review local legal requirements before taking investigative action.
- Prepare a case study covering indicators, additional data required, and a plan for correcting controls and monitoring the response.
3. Financial Statement and Report Analysis
- Read the relationships between the statements of financial position, performance, and cash flows and the notes, identifying the effects of accounting policies and estimates.
- Perform horizontal and vertical analysis and compare profitability, liquidity, efficiency, and leverage indicators, considering the nature and size of the business.
- Examine earnings quality, cash flows, and nonrecurring items, and identify differences between accounting results and actual liquidity.
- Test the sensitivity of results to changes in sales, costs, collections, and financing, stating the assumptions and constraints in each scenario.
- Write a financial report linking indicators to management's question and available alternatives, presenting risks and additional data needed for the decision.
4. Legal Analysis, Research, and Memorandum Drafting
- Define the legal question, facts, documents, and parties, separating established facts from accounts and untested assumptions.
- Identify the relevant legal system, jurisdiction, and sources, and verify the law currently in force, its effective date, and amendments before applying it.
- Analyze the relationship between the rule and facts and areas of interpretation and disagreement, documenting arguments and evidence supporting each alternative.
- Draft a memorandum covering the issue, facts, analysis, options, and risks in clear language that preserves precise legal terminology.
- Review the memorandum for consistency, confidentiality, and citation accuracy, and identify matters requiring specialist advice or additional documents.
5. Contract Drafting and Allocation of Obligations and Risks
- Define the contract's purpose, parties, legal capacity, signing authority, and constituent documents, and verify the relevant law and jurisdiction.
- Draft a clear scope, deliverables, acceptance criteria, and delivery schedule, and clarify the relationship between specifications, appendices, and document precedence.
- Review price, payment, change, warranty, and liability terms, connecting obligations to verification methods and evidence that can be retained.
- Define notice, delay, suspension, termination, and dispute resolution mechanisms, checking internal consistency and ensuring clauses do not conflict.
- Prepare a matrix for managing obligations, deadlines, correspondence, and changes, and practice handling a disagreement over scope or acceptance.
Practical outputs
- A customer risk matrix, due diligence checklist, and suspicion escalation process.
- A matrix of suspicious indicators and controls, and an evidence preservation and escalation checklist.
- A comparative financial analysis report and a memo of findings and assumptions.
- A legal research memorandum, source list, and issues requiring verification.
- Draft contract clauses, an obligations matrix, and a contract review checklist.
Who should attend
- Practitioners, specialists and supervisors whose work relates to the programme subject.
- Managers and teams working in law, according to their practical responsibilities.
- Professionals responsible for applying the outputs of “Anti-Money Laundering and Counter-Terrorist Financing Laws: Global Developments” within their organizations.
Prerequisites
- Working familiarity with the programme field and the ability to discuss a professional case or challenge.
- Confirm the suitability of your experience and any specialist prerequisites with the Union before participation.
Conclusion
The programme “Anti-Money Laundering and Counter-Terrorist Financing Laws: Global Developments” brings together concepts, case review and a practical application. Participants prepare steps that can be adapted to their responsibilities and organizational resources, with an indicator to follow application and review results after returning to work.
Participation arrangements and any special requests are specified in the confirmation issued by the Union.