AML Training for Insurers - Virtual Session

“Accountable and Reporting Institutions (Long and short term insurance businesses)”

It is more important than ever to learn how to detect and prevent money laundering. This course is designed to equip employees at Accountable and Reporting Institutions, who are subject to anti-money laundering regulations, to obtain a sound practical understanding of anti-money laundering, counter financing of terrorism and sanction obligations. It is a requirement of the Financial Intelligence Act, Act 13 of 2012 that all employees of all Accountable and Reporting Institutions must undergo Anti-Money Laundering, Combating of Terrorist and Proliferation Financing and Sanctions compliance training and ongoing awareness at least on an annual basis.

Topics include:

  • Accountable vs Reporting Institutions
  • The concept and different stages of money laundering
  • Terrorist financing
  • Applicable legislation and regulatory requirements
  • Customer due diligence/'Know your customer' (KYC)
  • Sanctions compliance
  • Risk Clients including the treatment of Politically Exposed Persons and performance of risk assessments
  • Reporting requirements
  • Vulnerabilities: specific red flags for all insurance businesses for identification of suspicious transactions/activities/behaviour
  • Record keeping
  • Penalties

 

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Date: 16 July 2020

Time: 13h30 to 17h00

Venue: Virtual Session (in the comfort of your home or office)

Cost: N$ 2,500 (All inclusive)

*Special packages available to companies, register 3 delegates and get the 4th free.

Registrations close 9 July 2020

Click here to register

Contact us

Mari-Nelia  Hough

Mari-Nelia Hough

Associate Director, PwC Namibia

Tel: +264 61 284 1070

Shadé  Klein

Shadé Klein

Business School Senior Administrator, PwC Namibia

Tel: +264 61 284 1082

PwC Business  School

PwC Business School

General, PwC Namibia

Tel: +264 81 645 0523

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