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PRODID:-//Preventative Measures Ltd. - ECPv5.10.0//NONSGML v1.0//EN
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X-WR-CALNAME:Preventative Measures Ltd.
X-ORIGINAL-URL:https://preventativemeasures.org
X-WR-CALDESC:Events for Preventative Measures Ltd.
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TZOFFSETFROM:+0000
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DTSTART:20200101T000000
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DTSTART;TZID=UTC:20200317T080000
DTEND;TZID=UTC:20200318T170000
DTSTAMP:20260517T183223
CREATED:20190127T182231Z
LAST-MODIFIED:20200120T100449Z
UID:299-1584432000-1584550800@preventativemeasures.org
SUMMARY:Advanced Anti-Money Laundering The Bahamas
DESCRIPTION:Course Overview \nConsidering that the jurisdiction is under heavy scrutiny and monitoring it is critical that the organizational and national monitors are equipped with real world experiences that have proven to be successful in their application. The Advanced AML has been designed for professionals that have a bit of time and sophistication with money laundering. The course\,  will assist participants in clearly spotting\, understanding\, investigating and discussing some of the more advanced money laundering schemes. \nTopics \nIntroduction:  Understanding the Laws and their origin – In General \nBy the end of the session\, participants will be able to discuss: \n\nKnow the origin of the problems that were to be addressed\nOrigin of the updates to the systems of AML Laws\nThe role of international bodies in AML – Laws and Regulation\nCurrent events and the impacts of those events on law and perception\nCurrent cross boarder tensions\nImpacts of FATCA and GIIN Number\nImpacts of beneficial ownership identification requirements\nAnticipated future changes and impact for The Bahamas\nThe Bahamas ranking compared to rest of world is good\n\nSession One:  What we are used to seeing \nBy the end of the session\, participants will be able to discuss: \n\nLook at what was a common money laundering practice and see how the practice has evolved overtime. The idea is not new but the means are changing.\nThe overriding importance of really knowing your client.\nDiscuss the different structures and agreements used in papering over money laundering to make the movement of money seem legit. TBML is by far the most common and effective.\nUnderstand which of your clients are required\, as custodians and / or with discretionary authority of 3rd party funds\, must be AML compliant.\nIVTS – Hawala\, Hundis\, Fei Chien – prohibited by possible.\n\nSession Two: New Schemes \nBy the end of the session\, participants will be able to understand: \n\nCash Money Laundering – its still around and killing the €500 note will not help.\nCash and the pass of the briefcase in Kenya\nThe use of shipping companies to lauder money.\nTrade based money laundering\nCrowd Funding for money Laundering\nSecurities Private Placements for Money Laundering\nMirror Trading\nThe use of custodians for money laundering\nHow Law firms are used to lauder money\nReal Estate used for laundering money\nThe use of Art and Antiquities\nThe use of Warehouse receipts\nThe use of Intangible Assets\nThe use of Merger & Acquisitions\nThe use of Parallel Companies\nMirror Trading\nThe use of faux gifts\, awards\, directorships and scholarships\nCash is not always wrong – wires and checks are not always good\n\nSession Three: Red Flags \nBy the end of the session\, participants will be able to understand the issues with: \n\nUnderstanding why screwed up White Markets make for profitable Black Markets\nMore moving parts then a Swiss watch\nCircular logic and testing for economic sense\nBursts\, sinks\, paired\, linked\, outliers\, perfect\, and other transactions that bear a closer look\nPerfect paperwork\nPosh surrounding and de-linked control\nA rush to the end and intimidation\nHints at Corruption\nPolitical Exposed Persons and Corporately Exposed Persons\n\nSession Four: Getting it Right \nBy the end of the session\, participants will be able to: \n\nReview AML policy manual and update\nAlign incentives and avoiding perverse incentives\nKnow KYC as a profit booster\nBe able to file the Suspicious Activity Reports on complex cases\nReduce the cost of compliance.\nPrepare for the inevitable bad client.\nNothing wrong with high risk clients and why one MSB is riskier then 30 MSBs\n\nSession Five: Future-casting \nBy the end of the session\, participants will be able to: \n\nDiscuss impacts of trading blocks\nKnow FinTech – and its impact on our todays and tomorrows\nSee Conflict Commodities\nForecast capital flight events\nKnow the real impact of virtual currencies\nMeet the entrepreneurs from nowhere and everywhere\n\nWho Should Attend \n\nLaw Enforcement\nRegulators\nFraud Investigators\nFinancial Crime Experts\nMoney Laundering Reporting Officers\nSenior Compliance Officers\nChief Auditors\nChief Risk Managers\nChief Operating Officers\nChief Financial Officers\nChief Executive Officers\n\nAbout the Presenter  \nL. Burke Files \nCost $375.00 \n\n\n\n\nName(required)\n\n	\n\n\nEmail(required)\n\n	\n\n\nWebsite\n\n	\n\n\nComment(required)\n\n	\n	\n		Submit		\n		\n		\n	 \nΔ
URL:https://preventativemeasures.org/events/advanced-anti-money-laundering-the-bahamas
LOCATION:British Colonial Hilton\, Nassau\, Bahamas
ORGANIZER;CN="Preventative%20Mesaures":MAILTO:info@preventativemeasures.org
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