A Practical Approach to the Fight Against Money Laundering and the Financing of Terrorism and Proliferation: the Establishment of an Internal Control System in the Non-banking Sector

Development of internal control systems in the commercial sector: customer identification requirements, research basics, methods of checking and documenting information provided by customers, basic operating principles of the internal control system and procedural arrangements and reporting requirements.

Course duration, academic hours: 8
Price (excl. VAT) 325,00 
Price (with VAT): 393,25 
Lecturer: Natalija Boļšakova
Natalija Boļšakova
The head of the compliance function in a credit institution with almost 20 years of professional experience in the field of supervision, also in the context of customer due diligence. Obtained ALCO certification in the field of supervision of activities (
Professional in field of Compliance
) and is ACAMS (
Association of Certified Anti-Money Laundering Specialists
) certified lecturer.

Plans

04. December, 2024
Place:
Online
Language:
lv
Lecturer:
Natalija Boļšakova
Price (excl. VAT)
325,00 
Price (with VAT):
393,25 
Contact us

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Training schedule:
04.12.2024 09:00-16:15
Course target

To strengthen the knowledge of the subjects of the law about identification requirements, basic principles of research, verification and documentation methods of information provided by customers, basic operating principles and procedural procedures of the internal control system, as well as introducing the procedure for reporting suspicious transactions, which is a part of the internal control system.

Audience
  • Outsourced accountants;
  • Tax consultants;
  • Sworn auditors and commercial companies of sworn auditors;
  • Providers of services for the establishment and operation of a legal entity;
  • Persons acting as agents or intermediaries in real estate transactions;
  • Lottery and gambling organizers;
  • Persons providing collection services;
  • Legal or natural persons engaged in trade, if payments are made in cash: Debt recovery service providers;
  • Virtual currency service providers;
  • Employees who, in the performance of their direct work duties, are related to NILLTPFN issues.
At course completion you will be able to
  • Perform customer identification, determine the true beneficiary and politically significant persons;
  • Use techniques for checking, documenting and storing information provided by customers;
  • Upon receiving the examples of the documents forming the internal control system, understand their characteristics and basic requirements for implementation in the organization;
  • Will focus on the specifics of the submitted documents, analyze them, paying attention to details;
  • Know the required minimum amount of documents and information, identifying a suspicious transaction and making an appropriate decision.
Prerequisites

There are no specific prerequisites.

Training materials

Training materials prepared by BDA.

Certification Exam

Not intended.

Course outline

Legal requirements for its subjects:

  • Creating an internal control system;
  • Duty of identification, investigation, verification;
  • Monitoring, reporting suspicious transactions;
  • Storage of documents.

Solutions for the implementation of the considered legal requirements:

  • Creation of internal control system components (examples of procedures and registers);
  • Forming a questionnaire and conclusion;
  • Information verification channels (what, where to verify);
  • Reporting obligation.

If you want to get more information about this course, please contact us by phone +371 67505091 or send an e-mail at mrn@bda.lv.