AML – regulatory, functional and technical foundations for regional banks

Anti-Money-Laundering

Financial crime poses a threat to both the overall economy and financial institutions in particular. In Germany, the total losses resulting from financial crime in 2024 are estimated to range from EUR 250 to 350 billion. With stricter regulatory requirements and the newly founded Anti-Money Laundering Authority (AMLA), the pressure on banks to take action continues to mount.

Effective management of financial crime risks not only helps them prevent direct losses and fines, but also safeguards their reputation, regulatory compliance and competitiveness. Implementing such a system requires the collaboration of the management board as well as the compliance, fraud management, risk control, IT security, internal audit and front-office units.

The seminar examines key risk areas such as money laundering, fraud and terrorist financing and highlights concrete red flags, processes and courses of action – with the goal of allowing institutions to preserve their ability to act and their future viability.

Facts

Target audience

The program is intended for people working in the financial services industry (FSI) who, regardless of their hierarchical level, are interested in expanding or updating their knowledge of anti-money laundering.

Terminology and forms of financial crime: money laundering, terrorist financing, sanctions violations, fraud and corruption
Money laundering mechanisms (placement, layering, integration)
Entities involved in financial crime
Impact on economic developments and financial systems
The role of banks in the global financial system
The importance of prevention for stability and trust in the financial system

Module 2: Illicit financial flows and global financial crime

Definition and measurement of illicit financial flows (IFF)
Mechanisms of international financial crime
Use of global financial markets for illicit financial flows
Characterization of the impact on economic developments, tax revenue and institutional stability

Module 3: Anti-money laundering in financial institutions

Organization of anti-money laundering measures in banks
Responsibilities of anti-money laundering officers and compliance functions
Risk-based approach
Customer due diligence and Know your Customer (KYC)
Transaction monitoring, suspicious activity reports and cooperation with authorities
Integration of AML/CTF into the bank’s internal risk management

Module 4: Regulation and New EU strategies to combat financial crime

The evolution of European anti-money laundering legislation
New EU regimes to combat financial crime
Impact of regulatory developments on banks
The strategic importance of financial crime prevention for banks (governance, reputation and financial system stability)