Are you ready to support the Money Laundering Reporting Officer of a financial institution in investigating a complex situation? Are you able to efficiently deal with the business stakeholders to get the full picture and provide a reliable assessment?
'AML - Follow the money' is the new immersive digital case-study designed by PwC’s Academy and PwC’s subject matter experts to support the acquisition and assessment of essential AML knowledge and competence. Building upon the success of our AML Codename Black e-learning, it brings the learning experience to a new level.
This innovative learning solution leverages micro learning and embeds high quality videos, interactive quizzes and an evolving scenario. Gamification techniques allow learners to ‘live’ the case study and facilitate learning retention.
Get ready for a unique, immersive and lasting anti-money laundering training experience!
Please note that PwC’s Academy offers 3 versions of this e-learning module:
- An English version considering the Luxembourg regulatory framework.
- A French version considering the Luxembourg regulatory framework (in this version, the videos remain spoken in English with a French text transcription).
- A non-jurisdiction specific English version considering the broader European regulatory framework.
Price:
We deploy our e-learning solution as from 10 licences.
- From 10 to 50 licences: EUR 75;
- From 51 to 150 licences: EUR 70;
- From 151 to 300 licences: EUR 60;
- From 301 licences: EUR 50.
Duration: 1h
Language: Available in English and French, depending on the version
Objectives
By the end of this training, the participants will be able to:
- identify the different steps of the money laundering cycle;
- learn about the latest anti-money laundering regulation updates in Luxembourg;
- spot the red flags and link risk factors to understand main laundering techniques;
- consider the anti-money laundering controls cycle;
- challenge and apply AML internal controls;
- apply "Customer Due Diligence" (CDD) procedures to identify and manage key risk indicators within customer relationships;
- profile and monitor relationship activity;
- understand reporting obligations.
Content
- Introduction: concepts of money laundering
- Money Laundering: impact, process and strategies
- Administrative sanctions applicable to the field of money laundering
- Legal definitions and impacts of terrorism financing
- Definition and examples of predicate offences
- Business investigation red flags
- Descriptions and examples of AML measures:
- Risk assessment
- Customer due diligence
- KYC
- Transaction Monitoring
- Internal Controls
- Glossary of vital directives in the AML field
Target audience
The programme is particularly appropriate for gaining a first essential understanding of AML and for use in conjunction with local regulatory requirements and legislation.
Overall, it is dedicated, but not exclusively, to:
- professionals employed by financial institutions;
- personnel from accountancy practices, law firms and regulators;
- employees subject to understanding AML procedures in countries of the European Union with a focus on Luxembourg regulations.
Our lead experts
This e-learning, coordinated by Michael Weis, Partner at PwC Luxembourg, has been designed by experts of PwC Forensic Services.
Michael is lead-partner for the Forensic Services practice and of the AML taskforce.
Michael is regularly acting as engagement leader for a large variety of forensic investigations including AML investigations, remediation and prevention projects in asset management and banking.
In this context he is also responsible for high-profile AML audit missions as part of the legal audit requirements for Luxembourg banks and investment funds.
As key contact of the AML distribution due diligence service for the asset management industry, Michael is regularly involved in country risk assessments and the review of laws and regulations of country AML frameworks.
Michael is coordinating projects with the global PwC forensic network and regularly involved in large scale international projects of PwC for investigations and FTS related work. Michael is part of the Global Forensic Network WG on L&D. as CFE (Certified Fraud Examiner).
Michael is recognised in Luxembourg and abroad as a subject matter expert on AML and forensic matters as a key member of the local industry working groups on fraud at the Institute of Internal Auditors (IIA) and the Institut Luxembourgeois des Administrateurs (ILA) for directors. Michael regularly facilitates workshops and trainings on AML and fraud, both in Luxembourg and internationally, in the asset management and banking sector. Michael is also an active member of the Local Compliance Officer Association (ALCO).
Boris, Director, is the team leader of the PwC Forensic Service practice in Luxembourg. He is a subject matter expert in AML/CTF, sanctions and fraud related topics and member of the PwC internal anti-fraud and investigation task force, PwC internal AML taskforce and global financial crime team.
Alessandro is a director in the forensic services. He has been working on AML/CTF topics for more than 8 years and for PwC since 2015.
Camélia is a manager in the anti-financial crime department of PwC Luxembourg. Over the last 8 years she has worked on AML/CFT risk and compliance topics.
