Preparing and performing yearly AML staff training

By October 1, 2015AML, Banking Compliance

We have continued to prepare and present AML training for the personnel of a major Swiss Private Bank in Monaco and its Asset Management Company. Our training consists of a summary of the AML liabilities (administrative and criminal), an update on Monaco and international sanctions as well as interventions from the dedicated regulators (SICCFIN for the Principality, MONEYVAL for the Council of Europe), and a refresher in relation to the major AML obligations such as KYC, detection of unusual transactions and filing a suspicious report. We adopt a practical approach with multiple case scenarios to raise awareness regarding AML topics among the staff.

Vincent de Bonnafos