All Staff AML/CFT Mandatory Training (Jersey-specific)
Description
This mandatory training provides all staff with a comprehensive understanding of Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Counter-Proliferation Financing (CPF) in the Jersey context. It explores the definitions, impacts, and key legislation underpinning financial crime prevention, while emphasising personal responsibility and the importance of compliance. Attendees will gain practical insight into money laundering and terrorist financing methods, sanctions, typologies such as tax evasion and bribery, and emerging risks including cryptocurrencies and online fraud. The session covers reporting obligations, including suspicious activity reports (SARs), internal escalation processes, and the risks of tipping off. Staff will also learn how to strengthen controls through policies, procedures, KYC/CDD/EDD, SOF vs SOW, and risk-based approaches, with a focus on embedding a strong compliance culture and understanding business risk assessments. Case studies and hot topics will ensure staff can apply knowledge in practice, with training and assessments reinforcing key takeaways.
Content
- Introduction to Financial Crime Prevention
- Definition and impact of AML/CFT/CPF
- Key legislation
- Importance of compliance and personal responsibility
- Understanding Money Laundering and Terrorist Financing
- Money laundering and the myth of placement, layering, and integration
- Terrorist financing mechanisms and proliferation financing: Emerging risks and controls
- Role and interrelation of Sanctions
- Typologies and Trends
- Tax evasion
- Corruption and bribery
- Emerging threats: virtual assets, cryptocurrency, and online fraud
- Reporting Obligations
- Suspicious activity reporting (SARs)
- Internal reporting processes
- Consequences of non-compliance
- Tipping Off
- Managing the Risk - Developing and Strengthening Controls
- Internal policies and procedures
- KYC CDD EDD and the Risk-Based Approach
- SOF v SOW
- Staff responsibilities
- Culture
- Business risk assessment
- Training and Assessment
- Case Studies and hot topics
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. |