All Staff AML/CFT Mandatory Training (Guernsey-specific)
Description
This essential training provides all staff with a comprehensive understanding of financial crime prevention in a Guernsey context. The session covers key AML, CFT, and CPF definitions, relevant Guernsey legislation, and the importance of personal responsibility and international standards. Attendees will explore money laundering myths, terrorist and proliferation financing risks, and the role of sanctions. Core topics include the risk-based approach, KYC/CDD/EDD requirements, and recognising typologies such as tax evasion, corruption, and emerging threats like cryptocurrency. The session also outlines reporting obligations, internal processes, and the consequences of non-compliance, while offering practical guidance on strengthening internal controls, culture, and governance. Case studies and current developments will reinforce learning throughout.
Content
- Introduction to Financial Crime Prevention
- Definition and impact of Anti Money Laundering “AML” Countering Finance of Terror “CFT” Countering Proliferation Financing “CPF”
- Key Guernsey legislation
- Importance of compliance and personal responsibility
- International Standards and Guernsey's Role
- Understanding Money Laundering and Terrorist Financing
- Money laundering and the myth of Placement, Layering, and Integration
- Terrorist financing mechanisms & Proliferation financing: Emerging risks and controls
- Role and interrelation of Sanctions
- KYC CDD EDD and the Risk-Based Approach
- SOF v SOW
- SOF v SOW
- Typologies and Trends
- Tax evasion
- Corruption and bribery
- Emerging threats: Virtual assets, cryptocurrency, and online fraud
- Reporting Obligations
- Suspicious activity reports (SARs)
- Internal reporting processes
- Consequences of non-compliance
- Tipping Off
- Managing the Risk – Developing and Strengthening Controls
- Internal policies and procedures
- Staff responsibilities
- Culture
- BRA
- Training and Assessment
- Case Studies and hot topics throughout
Presenter
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Jo French Expert Trainer at the School of International Financial Services |
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Jo, through her company JETT Limited, specialises in developing contemporary bespoke, technical in-house CPD programmes covering a range of AML, compliance and governance issues. She has over 25 years’ experience in delivering credible training to a wide range of financial service businesses both in the Crown Dependencies and internationally, as well as institutions that include the BBA, the ACSP in the Isle of Man, Guernsey Training Agency and the Jersey International Business School where her role also extended to delivering on Buckingham University’s BSc (Hons) in International Financial Services degree as part of their faculty. In addition, she has taught on the International Compliance Association’s full range of AML and compliance qualifications since 2005, and as a Fellow of the Governance Institute (formally ICSA) written and delivered across both level 4&5 Certificate and Diploma, as well as the qualifying scheme, (subjects include Corporate Governance, Risk Management, Boardroom Dynamics, Company Law and Company Compliance and Administration.) Jo’s ICSA students have won many international prizes, most recently in Trust and Company Administration in May 2021, and CORE in the November 2021 exams. A committed educationalist, Jo has a First Class Law Degree (LLB) and Masters in Law (LLM) (Merit) from Queen Mary University of London specialising in financial services law. She is passionate about the delivery of accessible and innovative training courses. |