VULNERABILITIES OF INSURANCE COMPANIES TO MONEY LAUNDERING & COMBATING TERRORIST FINANCING

 

Overview: Money laundering has the potential of eroding stakeholders’ value. It exposes the Company to reputational risks and possible sanctions in the event of non-compliance with AML requirements.

 

Course Outline:

  • Basic on Money Laundering and Terrorist Financing

  • Vulnerabilities of Insurance Companies to ML/TF

  • Impacts of ML/TF on Developing Countries

  • Risk Based approach to AML/CFT

 

Learning Outcome:

  • Understand money laundering law

  • Understand the techniques used by money launderers

  • Understand the vulnerabilities of insurance companies to ML /CF

  • Understand the "risk-based approach" and how to comply with in practice

 

Who should attend: All Employees

Duration of Training: 1 day

Cost of Training: Available upon request.