Appavoo Business School is pleased to announce its upcoming corporate training for October & November 2022.

AML-CFT Refresher course

Improve participants’ understanding on:

• Introduction of AML/CFT
• The social and economic impact of AML/CFT
• CDD & KYC and it’s Importance
• Enhanced Due Diligence Measures
• Identification and dealing with Politically Exposed Persons (PEPs)
•  Simplified or reduced due diligence measures
• Continuous Monitoring and record keeping
• Suspicious Transaction Reporting
• The legal and regulatory obligations as per the Mauritian
• Questions & Answers

Suspicious Transactions and Practical example of Internal & External Reporting

• Improve participants’ understanding on:
• Definition of Money Laundering and the 3 phases
• Definition of Terrorism Financing
• What are Suspicious Transaction
• Indicators of Potential Suspicious Activity and Red Flags
• The Reporting Mechanism of Suspicious Transactions
• Registers of internal and external disclosures
• Guarding the confidentiality of an STR and Tipping off
• The legal and regulatory obligations as per the Mauritian Law as amended
• Offences relating to the failure to report

Identification and declaration of Beneficial Ownership for AMLCFT Purposes

• Improve participants’ understanding on:
• Definition of Money Laundering and the 3 phases
• Definition of Terrorism Financing
• Definition of Beneficial Owner and Ultimate Beneficial Owner
• What is direct ownership
• Indirect ownership
• Situations of no Beneficial Owner
• What is meant by ownership and control
• Collection of B.O information
• Declaration of Beneficial Owner
• Maintaining of Beneficial Owner register
• Access of Beneficial Owner register by the Supervisory Bodies
• Solving of Practical cases and identification of Beneficial Owner
• The legal and regulatory obligations as per the Mauritian Law as amended
• Offences relating to the failure to report

A Master Class in AML/CFT Training for Company Service Providers “CSP” Sector

• A thorough understanding of the AML/CFT legislation, insights into the risk-based approach, regulatory trends and developments.
• How launderers abuse the CSP sector for money laundering and the financing of terrorism.
• Importance of a proper AML/CFT framework of internal control, best practices to detect, investigate, report, escalate and resolve red flags.
• The process of internal reporting, role of the MLRO and the filing of STR with the FIU.
• Recent update on the Legislative & Regulatory framework for anti- money laundering for Operators of the CSP sector.

Register Now    Course Content