Anti Money Laundering

Prevention of Money Laundering and Terrorism Financing

• The rules and regulations of the German Regulator and of BaFin as the AML/CTF Supervisor including the best industry practice observed
• AML Risk Management, Monitoring and Reporting
• Know-your-customer and Customer Due Diligence standards
• Specificities of German AML Regulations: Interpretation and Application
• Incl. new EU AML / CTF regulations published in May / June 2024

One key focus lies on implementation problems of the GWG as well as the amendments to the BaFin’s special implementation guidance for the banking industry. The deletion of the catalogue of precautions in § 261 StGB also has a significant impact on the risk analysis as new risk constellations may arise. The interplay of European and national supervision of the financial market will also be worth an in-depth look as uniform requirements on an EU-level open up opportunities for cross-border standards.

Attending this seminar will allow you to gain a deeper understanding of:

• the AML / CTF requirements you have to comply with.
• your responsibilities when preparing a risk analysis.
• how to interact with the FIU when filing SARs / STRs and BaFin.
• how to avoid the pitfalls of the Transparency Register, UBOs and PEPs as well as your training, supervisory and controlling duties.

We are not only focusing on the existing requirements, but will also share with you our thoughts and ideas regarding the upcoming and expected new rules and obligations. Those changes may even have an impact on your organizational set-up and your processes. Please be assured that new regulatory changes will be taken into consideration as well.