AML/CFT Compliance for Notaries, Lawyers & Accountants (2022 update)

Start Time

26 AUG, 2022
08:00 AM

End Time

26 AUG, 2022
12:00 PM

Location

Curaçao, Werfstraat 6

Introduction / benefits

In this 2022 update we will discuss the most recent changes in the AML/CF fields, international developments and upcoming changes. All related to the legal requirements as set forth in national and international laws. This training will emphasize the importance of evaluation the legal service provided by the lawyer/law firm. Mitigating risks, customer due diligence and file reviews will be discussed based on practical examples. It is a comprehensive and practical course for lawyers, law clerks, legal executives, secretaries, Compliance officers on how to comply with anti-money laundering legislation. After completing this course you will be able to update your manuals, adequately identify, verify and risk rate your clients and report unusual transactions to the FIU.

Topics

Importance of continuous training on the topics AML, CFT:

  • Which risks should be assessed: (Business Risk Assessment)
  • Overall Firm Risk – “Know Your Own Business”
  • Typologies on Money Laundering and Terrorism Financing
  • Obligations of the lawyer
  • Client Risk – “Know Your Customer”
  • Individual Transaction Risk – “Know Your Customer’s Business”
  • Who is your client? – including Non-Face -To Face
  • How do you assess your clients against the applicable sanction lists?
  • How do you assess if your client is a possible PEP?
  • The UBO
  • Report to the FIU
  • The importance of civil and criminal indemnification (vrijwaring)
  • Safeguarding professional secrecy
  • What to expect from an Onsite/Offsite examination by the Regulator
  • Penalties for non-compliance – Who can be held responsible?
  • Case study

Target group

  • Lawyers, Notaries, tax advisors
  • Other staff members
  • Compliance Officers

Duration of the training

The duration of the training is 4 hours.

Costs

The investment in this training is NAf 445,- p.p. incl. taxes.

The price includes training sheets & certificate of participation.