Money laundering prevention: AML V
The Anti-Money Laundering Directives (AMLD4 - AMLD5) were published by the European Union in 2015 and 2018, respectively. The purpose of these directives is to improve policies for the prevention of money laundering and the fight against terrorism.
On October 16, 2017, new legislation on anti-money laundering came into effect in Belgium, implementing the European directives. This law was further amended on July 20, 2020.
What is the impact of these directives on Belgian regulations? This training provides an answer to that question and also offers an ideal refresher of your AML knowledge.
The objectives of this training are to:
- Gain insight into the 5th Anti-Money Laundering Directive and its impact on the Belgian regulatory framework;
- Provide an overview of the obligations of financial institutions within the framework of AML 5;
- Enable you to develop an anti-money laundering policy that meets regulatory requirements.
Total price *
Members: € 550
Non-members: € 650
Partners/ BZB: € 550
Incompany: tailor-made, prices on request
* Price: service in the context of continuing professional training, exempt from VAT
CPD Hours
Banking: 6h general
Insurances: 6h general
Consumer credit: 6h general
Mortgage credit: 6h general
Compliance:
6h
Continuing Professional Development
Please let us know you're interested in this training should there be no date available, the planned date does not suit you and/or this session is full. As soon as about 5 people are registered on the interest list, we will propose a new course date. Your registration on the interest list is free of charge and without any obligation.
Target group
The training course can be taken by various target groups which are active in the following functions, among others:
- Compliance Officers;
- Anti-money laundering officers in banks, insurance companies, investment funds;
- Auditors and internal controllers;
- Company managers;
- Heads of legal and audit departments.
Required prior knowledge
Advanced level training: this training requires a general basic knowledge of the subject.
Required prior knowledge: Basic knowledge of common financial and banking activities.
Programme
CONTENT
- Reminder of the legal and regulatory framework of:
- the fight against money laundering
- the fight against terrorist financing
- Transposition of the European directives, AMLD4 and AMLD5 into Belgian law
- The impact of the AMLD5 transposition in Belgian law
- Extension of the application of the regulation to new service providers
- Reinforcement of the supervision of business relationships involving a high risk third country
- Increased access to the register of beneficial owners
- Redefinition of politically exposed persons (PEPs)
- New measures against anonymity
- The problem of serious tax fraud, organised or not
- The impact of digitalisation
- Sanctions regime
- Prospective modifications by the 6th Anti-Money Laundering (AML6) Directive
PRACTICAL INFORMATION
- Duration: 1 day of training (6 class hours)
- Hours: 09:00 to 17:00
- Location: Febelfin Academy: Phoenix building, Koning Albert II-laan/Boulevard du Roi Albert II 19, 1210 Brussel
- Language: This training will be given in English
Methodology
You follow a ‘Classroom training’ in a group. You, the other participants and the teacher are all present in the same classroom at an agreed time. There is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).
Training type: Classroom
During our theoretical training courses, we offer a combination of theory and exercises. The cases, examples and exercises are taken from daily practice or are introduced by yourself and then solved under the trainer's guidance.
Training material
- PowerPoint presentation (slides);
Teachers
Miguel Victor A Mairlot
Compliance & audit
