FIBA (Florida International Bankers Association) www ... · Contenido About FIBA Page 3 Our...

FIBA (Florida International Bankers Association)

www.fibatraining.net | 305.579.0086 | [email protected]

Education & Training

Contenido

About FIBA Page 3

Our affiliation with Florida International University Page 4

AML Certifications

o AMLCA Page 6

o CPAML Page 8

Professional Development Programs

o FATCA Workshops & Training Page 9

o Correspondent Banking AML Certificate Page 10

o AML/CFT Risk Assessment Certificate & Workshop Page 11

o Managers, CEOs, & Directors AML Certificate Page 12

o Broker/Dealer AML Certificate Page 13

o Private Banking AML Certificate Page 14

o International Trade Finance Certificate Page 15

Webinars Page16

www.fibatraining.net Education & Training

2

Contenido

FIBA provides a forum where international banks and financial firms can discuss issues that affect their business and meet with their industry peers.

FIBA and its members are dedicated to promoting the highest ethical and professional standards.

FIBA informs members of new or proposed regulations in a timely manner and FIBA works closely with regulators.

FIBA submits comment letters and may take public positions on behalf of its membership with legislators and regulators on issues affecting international banking and finance.

FIBA membership is an integral tool for managers of financial institutions due to its resources and leadership connections .

FIBA provides value to financial institutions through its continuing professional education programs such as its highly respected AML certification.

FIBA Member by:

Value-packed education and training programs focused on hot-button industry issues.

Professional networking with the who’s who in the industry.

Connection to industry regulatory authorities and policy makers.

Forum to address emerging industry issues and opportunities to participate in specialized committees.

Special programs to elucidate key issues.

Diversified membership includes banks and non-bank financial service providers.

Access to enhanced BSA/AML and risk management information and best practices.

Certification provided by bankers for bankers.

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Banks

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Consulting

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Trade

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Law Firms

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Europe

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North

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LATAM

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www.fibatraining.net

Ethical Leadership &

Cooperation Education & Training

3

About FIBA-FIU Programs

FIBA’s training programs were created:

To help financial institutions keep pace with

the rapidly changing regulatory landscape.

To help pioneer the fight against money

laundering and terrorist financing.

To provide financial institutions with an AML

training source they can trust.

To help prevent banks from running afoul of

the regulators.

FIBA and its partnership with Florida International University

Why partner with FIU?

The Certifications FIBA AMLCA and FIBA CPAML, offer a combination of case studies, real examples, and theory which are invaluable components of the academic content, and are designed to assist your staff and Directors to gain practical knowledge and implement risk based methods to comply with internationally accepted AML/CFT standards.

FIBA-FIU Certifications

Here are some areas where your institution will benefit:

DOMESTIC (U.S.) FINANCIAL INSTITUTIONS You will gain practical, “hands-on”

knowledge of the risk-based approach to

compliance with BSA/AML/OFAC

regulatory requirements.

Taking the FFIEC Manual as our

foundation, we navigate through real-

world case studies and help you plan

strategies to prevent your institution from

repeating the mistakes other institutions

have made or from taking unnecessary

risks that may cost you in terms of fines and

your institution’s reputation.

FOREIGN FINANCIAL INSTITUTIONS You will acquire in-depth knowledge of

how U.S. and global financial institutions

are implementing best practices and how

to evaluate risks to your institution.

You will obtain the necessary expertise to

operate in a global environment, using

international standards of money

laundering and terrorist financing

prevention.

FIBA and FIU’s College of Business, Office of Executive & Education, were a natural fit because both entities believe that top-notch education and training is a necessity.


4

The Value of the FIBA AML Certification

Why you should choose the FIBA AML Certification?

The FIBA AML Certifications are highly respected by industry regulators and law enforcement. Offering the pra-ctical information today’s AML professionals need to do their jobs effectively.

The FIBA AML Certifications are recognized by an international academic insti-tution, Florida International University, and delivered by a global trade association, FIBA.

Registration fees are designed to be cost effective, allowing your institution to send multiple members of your manage-ment and compliance staff company-wide.

Top AML financial profess-ionals helped create the academic content. They meet regularly to ensure it is up-to-date, relevant and com-prehensive.

The FIBA AML Certifications are available globally through a highly

interactive online offering.

Classroom-style instruction is also available and is offered in-house

for enterprise-wide training.


5

AMLCA Certification

Eligibility/Preparation

Participants should be employed in the financial industry. Attendees are expected to

complete a comprehensive pre-class reading list that will facilitate the successful completion of the exam. The reading list includes the most recent version of the FFIEC BSA/AML Manual, FinCEN and FATF advisories, and other relevant guidance.

Anticipated reading time: 10-15 hours.

BSA/AML Compliance Officers

Consultants

Bank examiners

Lawyers

Who Should Attend

English or Spanish

Online Training

Classroom Training

Private Training in your Office or

Country

Format/Language

Identify

•Identify and examine the major money laundering risks a financial institution faces.

Implement

•Establish, implement, and enhance internal controls, policies, procedures, and processes to meet relevant regulatory requirements and mitigate AML risk.

Report

•Identify, investigate, and properly report suspicious activity.

Offered entirely over the internet, the online certificate course is designed for self-directed

independent study, allowing students to proceed at their own pace. Participants will have 90 days to complete the reading materials, PowerPoint narratives, practice quizzes, and final examination. The online format utilizes a unique discussion forum in which students answer case-study questions and interact with classmates and the instructor.

Participants will be required to complete a comprehensive reading list prior to attending a 2-day lecture. After the 2-day lecture, practice quiz and exam login information will be emailed to

participants, who will have 90 days to complete the practice quizzes and certification exam.

FIBA can certify the entire staff at financial institutions. Please contact FIBA to request information regarding customized, enterprise-wide training.

Online AMLCA Certification

Classroom AMLCA Certification

In-House AMLCA Certification


6

Module I: From Anti-Money Laundering to Counter Terrorist Financing

The recent history of AML/CFT Laws, regulations & international organizations Consolidated structure concerns

Module II: From Theory to Practice: A Risk-Based Approach to AML

Assessing institutional risk Customer identification, customer due diligence

& enhanced due diligence Recordkeeping & reporting requirements Office of Foreign Assets Control

Module III: Mitigating Risk with Internal Controls

Internal Controls

Risk & Risk Mitigation

Module IV: Finding the Red Flags of Money Laundering: Monitoring, Identifying, Investigating, & Reporting

Monitoring for suspicious activity Reporting suspicious activity Responding to government process

Module V: Preparing For Audits & Regulatory Examinations

Preparing for audits & examinations

Module VI: Capacitación y comunicación con la Junta Directiva y la gerencia

Training Communicating with boards and management

AMLCA Certification(continued)

Practice Quizzes

Certification Exam

Continuing Education

The online practice quizzes help participants prepare for the certification exam. There are a total of 23 quizzes, each of which can be taken twice to better prepare you to sit for the exam.

The exam consists of 100 com-prehensive questions that must be

completed within 1 hour and 45 minutes. Attendees passing the exam with a 75% or higher mark will receive the prestigious FIBA AMLCA

Certification.

To maintain the certification in active status, attendees are

required to participate in 20 hours of continuing AML education every two years. Continuing AML education credits may be obtained through a variety of programs, such as the FIBA Anti Money Laundering Compliance Conference, FIBA webinars, FIBA events, in-house AML training at your institution , AML trainings through your local trade association, and other approved

AML training programs.

Content


7

CPAML Certification

Eligibility/Preparation

The participant must already know

the basics of AML compliance and

analysis and have a minimum of

three (3) years experience in a

management or supervisory position.

Prior to the classroom program,

participants must review the FIBA

CPAML workbook, which consists of 8

case studies. During the classroom

program, participants will complete

the case-study exercises and actively

contribute to discussions.

Senior Compliance Officers

AML Department Managers

Risk Managers

AML Consultants

Who Should Attend

English or Spanish

Classroom training

Private training in your office or

country

Format/Language

Enhance

•Enhance analytical skills critical to effective decision making by the AML manager.

Identify

•Identify key objectives and strategies for effective reporting to senior management and the board of directors.

Improve

•Improve overall management processes including development of comprehensive project plans.

This advanced level course includes case studies and real

examples of the challenges faced by the Senior AML

Compliance Officer or AML Compliance Manager who is

responsible for the entire AML compliance program at the

institution. This certification focuses on the analysis and

interpretative side of AML compliance that is necessary in a

risk-based regulatory environment.

Developing and implementing a risk assessment

Conducting KYC updates and recommendations

Managing compliance with Examination Reports or

Supervisory Actions

Managing an AML Department via daily, weekly, and

monthly task lists

Selecting and implementing a transaction-monitoring

system

Investigating and documenting Suspicious Activity

Reports (SARs)

To maintain the certification in active status, attendees are

required to participate in 20 hours of continuing AML

education every two years. Continuing AML education

credits may be obtained through a variety of programs, such

as the FIBA Anti Money Laundering Compliance Conference,

FIBA webinars, FIBA events, in-house AML training at your

institution , AML trainings through your local trade

association, and other approved AML training programs.

The online examination consists of 3 essay questions that

must be completed within a 90 minute time period. The

candidate must demonstrate an understanding of the

application of AML laws and regulations in a variety of "real

life” scenarios. Attendees passing the exam with an 80% or

higher mark will receive the prestigious FIBA CPAML

certification.

Content


Certification Exam


8

Overview The Foreign Account Tax Compliance Act

(FATCA) is an important development in U.S.

efforts to improve tax compliance involving

foreign financial assets and offshore accounts.

FATCA requires foreign financial institutions (FFIs)

to report to the U.S. Internal Revenue Service (IRS)

information on financial accounts held by U.S.

taxpayers, or held by foreign entities in which U.S.

taxpayers hold a substantial ownership interest

(generally 10% or more). In order to identify

customers who are U.S. taxpayers, FFIs will be

required to implement due diligence,

identification, controls and reporting systems.

Failure to comply with FATCA will be costly and

may subject FFIs to a 30% withholding tax on U.S.-

source payments, including dividends, interest

and gross proceeds from the sale of assets which

may generate U.S. dividends or Interest.

MODULE I: FATCA 101

Historical context &:enactment of HIRE Act,

Chapter 3 vs. Chapter 4

Key FATCA Terminology and Definitions

Basic Principles of FATCA

Practical Impact on Business Operations

MODULE II: Classification Rules

Definition of FFI

Definition of NFFE

Deemed Compliant FFIs

Exempt Beneficial Owners

Effect of Intergovernmental Agreements

(IGAs)

Expanded Affiliated Groups

MODULE III: Accountholder Identification &

Documentation Rules

Customer Identification & Due Diligence

Rules for Pre-Existing Accountholders

Account Aggregation Rules

Electronic search for U.S. Indicia

Additional certification required when

US Indicia is Identified

Relationship Manager Inquiry

Recalcitrant Accountholders

Modification of Onboarding Procedures for

New Accountholders

IRS Forms and Withholding Certificates (W8)

MODULE IV: IRS Online FATCA Portal

Registration Process & Assignment of GIIN

Responsible Officer Certification regarding

FATCA Compliance

MODULE V: Reporting & Withholding Requirements

FATCA Reports

Withholding tax on Non-Participating FFIs and

Recalcitrant Accountholders

MODULE VI: International Developments

OECD Global Forum

Other Multilateral Efforts: G5 Pilot, IRS

Learn how FATCA affects your business and

operations

Know what FATCA requires of you in your role in

your institution

Understand the Keys to FATCA: Due Diligence

Requirements and Identification of US

Accounts

Understand how to register your FFI and report

U.S. accounts as required by FATCA

Understand how to report U.S. accounts and

to apply the 30% withholding tax which may be

required in the case of certain payments

Learn about international expansion of tax

information exchange through OECD efforts

BSA/AML Compliance & Officers

Broker / Dealers

Risk Management Professionals

Fund or Asset Managers

Trust Companies and Trust Professionals

Approved for 7 continuing education credits for

professionals who have earned their FIBA AMLCA

or FIBA CPAML Certifications. Participants will receive a certificate of completion

FATCA Workshop & Training

Primary Objectives

Who Should Attend


Content

Certificate of Completion


9

Overview

The risks posed by correspondent banking are of concern to regulators, bankers, and broker-dealers in securities alike. Recently, U.S. financial institutions have faced severe penalties as a result of having weak BSA/AML compliance programs for their foreign correspondent banking accounts. The various sections of the USA PATRIOT Act and implementing regulations in the Bank Secrecy Act have been in final form for a number of years now. This course will discuss not so much the regulations but rather the practical applications of the regulatory requirements, with a particular emphasis on nested accounts.

This course is designed for both U.S. financial institutions offering correspondent banking as well as for foreign financial institutions which have or are seeking a U.S. correspondent banking relationship. U.S. financial institutions will acquire practical knowledge to apply to their compliance program. The foreign financial institution will have a much better understanding and appreciation for understanding the correspondent relationship and be able to demonstrate to its U.S. correspondent bank its compliance program to respond to contract requirements.

Brief History and Regulatory Expectations

Definition of Correspondent Banking with a

mention of foreign MSBs

Foreign Financial Institution Risk Rating

Methodology

Due Diligence Program

Transaction Monitoring Program

Case Studies

Name Screening

Correspondent Banking BSA/AML and OFAC

Contract Considerations

Understand the risks associated with foreign correspondent banking.

Learn the practical application of addressing those risks to document a compliance program.

AML/CFT Compliance personnel

Audit personnel

Regulators/supervisors of financial

institutions

Marketing staff

Business managers

Consultants

Approved for 7 continuing education credits for professional who have earned their FIBA AMLCA or FIBA CPAML Certification.

Participants will be complete an exam immediately following the training. Participants will receive a certificate of completion after

passing the exam.

Correspondent Banking

AML Certificate

Primary Objectives

Content

Exam/Certificate of Completion

Case Study materials must be studied and reviewed before attending the class. The “strongly recommended” reading list is for the student to review, but not required for completion of the course. Estimated reading time: 5-7 hours

Advanced Preparation

Who Should Attend



10

Overview

The FIBA AML/CFT Risk Assessment Certificate and Workshop is designed to offer knowledge and practical processes to develop the risk profile of a financial institution. The workshop will train participants in understanding and conducting an AML/CFT risk assessment that is functional and useful to develop internal controls. Training will also cover identifying risk areas and internal processes that could contribute to financial and reputational losses. The course is presented in a dynamic and interactive fashion, requiring group contributions, participant’s dialogue, and verbal presentation. A case study will be presented as part of the course and participants will contribute in their analysis and delivery of a written narrative resolution.

The course is presented in an interactive classroom environment that requires group participation. As a workshop, each group will: Conduct an institutional risk assessment

to establish the risk profile of a financial institution,

Determine the risk classification of a corporate client, and

Conduct a real case study requiring dialogue, analysis, and verbal presentation by the participants.

Participants must bring a laptop computer for use during the event.

Deliver practical knowledge designed to: Develop the risk profile of a financial

institution; Analyze the characteristics of a corporate

customer and assign its risk rating; and Identify risks and weaknesses so that

internal controls can be put into place to prevent systemic failures that may lead to financial or reputational losses.

AML/CFT Compliance personnel Audit personnel Personnel dedicated to private banking

and other client services Personnel in the commercial area Regulators/supervisors of financial

institutions Banks, broker dealers, and other non-

financial institutions.

Approved for 6 continuing education credits for professionals who have earned their FIBA AMLCA or FIBA CPAML Certification.

Participants will be required to deliver a narrative summary of the case study immediately following the training to receive a certificate of course completion.

AML/CFT Risk Assessment

Certificate & Workshop

Primary Objectives

Highlights



Who Should Attend


11

Overview

This course focuses on the specific

responsibilities and challenges faced by

managers and the board of directors. We will

also review practical solutions and guidance

which managers and directors can use as

"best practices,” and which can serve as

benchmarks to evaluate the AML/BSA

compliance programs at their institutions.

Outside directors face a special challenge in

today’s regulatory environment. Directors

may not have firsthand knowledge of their

banks’ everyday operations because they

are not employees. However, they are

expected to be just as knowledgeable about

the bank’s AML program, its effectiveness,

and any potential problems as are

management and the compliance

department.

Regulatory issues are likely to occur if

management does not fully understand its

responsibilities. Lack of sufficient

management support, or lack of

management understanding of its critical

role, can lead to serious problems for the

financial institution.

• Defining money laundering & terrorist

financing

• Global AML/CTF framework

• AML/CTF roles and responsibilities of boards

of directors

• AML/CTF roles and responsibilities of senior

management

• AML/CTF risk management

• Pillars of an effective AML/CTF program

• Know Your Customer

• Overview of customer risk rating

• Transaction monitoring

• Record retention

• Role of supervisors

• Sanctions program overview

• Anti-corruption efforts

• Top 10 AML deficiencies

• Consequences of non-compliance

• Protecting your financial institution

Approved for 4 continuing education credits

for professional who have earned their FIBA

AMLCA or FIBA CPAML Certifications.

Participants will be required to successfully

complete a short oral group exam

immediately following the training.

Participants will receive a certificate of

completion after passing the test.

Managers, CEOs & Directors AML Certificate

Highlights



12

Oral Exam/Certificate of Completion

Overview

The FIBA Broker/Dealer AML Certificate is a full

day professional certificate program that will

give you a broad and comprehensive

overview and understanding of current Anti-

Money Laundering (AML) challenges faced by

broker/dealers and industry best practices.

This unique certificate program, developed in

cooperation with industry practitioners both in

the United States and Latin America, offers

participants an in‐depth view into the

challenges of broker/dealers in complying with

U.S. AML requirements and leading

international practices.

While basic requirements for banks and

broker/dealers are similar, there are unique

challenges that broker/dealers face when

implementing and maintaining a

comprehensive AML program. This training will

help you to contribute to your organization’s

efforts in maintaining a robust AML

compliance program, while giving you the

unique opportunity to participate in an

interactive environment with fellow AML

compliance practitioners and share common

experiences and challenges.

Requirements for broker/dealers pertaining

to AML and OFAC compliance

Overview of money laundering through

broker/dealers

Common deficiencies as cited by SEC

A risk based approach to AML and OFAC

compliance

Introducing, self clearing, and carrying

brokers

Complex structures and AML risks

Intermediary accounts

OFAC and PEP’s

Transaction monitoring challenges

Independent testing requirements

AML risks related to foreign finders

Challenges for broker/dealers in the

international arena

FATCA issues relating to intergovernmental

information exchange

Based on the location of your course,

country specific information regarding local

AML laws

Case studies

Approved for 6.5 continuing education

credits for professional who have earned their

FIBA AMLCA or FIBA CPAML Certifications.

Participants will receive a certificate of

completion.

Broker / Dealer AML Certificate

Highlights



Bankers conducting securities business

US Broker/Dealers

International Broker/Dealers

Compliance Officers

Registered Representatives

Who Should Attend


13

Overview

The focus of this program is to enhance the skills and techniques of experienced private bankers to help them acquire personal financial information from clients which are not only required in today's highly regulated environment, but which will help the private bankers provide more comprehensive services to their clients.

The FIBA Private Banking AML Certificate modules focus on what bankers can do, consistent with current regulatory and compliance requirements, and what they can do to be more effective in developing a broader wealth management relationship with the "right clients" by selling them the "right products" the "right way".

This program helps you become a better contributor to your organization by expanding your knowledge and sharpening your AML knowledge and problem-solving skills. The selling skills will help build client loyalty to you and your organization. This program will also: Enhance selling communication skills needed in the profession Techniques for bankers on selling products more tailored to their clients Better understand the broader financial needs of their customers

Participants will be required to successfully complete a short exam immediately following the training. Participants will receive a certificate of completion after passing the exam

Private Banking

AML Certificate

Highlights


Content

Private Bankers, Relationship Managers, and Bank Management. The ideal candidate for this course will have at least 3 years experience in private banking. This course is not designed to teach the basics of compliance.

Who Should Attend

Approved for 7 continuing education credits for professional who have earned their FIBA AMLCA or FIBA CPAML Certification.



MODULE I: The Ethical Foundation of a Successful

Business

"Selling to the Right People“

MODULE II: The Ethics of Building Account

Relationships

”Selling the Right Products"

MODULE III: The Ethics of Account Management

"Selling the Right Way"

14

Overview

The velocity of commerce at global level puts

pressure on the need to have qualified staff

handling International Trade.

The Global crisis is showing the importance of

keeping these level of staff updated and

trained to be able to identify risks at an early

stage.

Financial Institutions are assigning young

professionals to the International Area and

demand a program to give them a qualified

overview of what the business demands and

the related risks.

A: Trade Basics Overview (optional)

B: Identifying and understanding client’s Inter-

national Trade business flows

The business cycle

C: Identifying and understanding each party’s

needs and expectations

Corporate & Financial Institutions (US Banks

and Emerging Markets F.I.)

D: Mastering the use of International Trade

Products

The language of Trade (Incoterms)

Trade Services

Letters of Credit (L/C) versus other

guaranteed collection alternatives.

Transferable versus Back-to-back L.Cs.

Extended use of Stand-by L.Cs.

Trade Finance

Funded and unfunded facilities

Tenor, repayment schedules & pricing

Supply chain financing needs

E: Reducing the impact of Trade Exposure on the

Bank’s Balance Sheet.

Role of the Export Credit Agencies

Factoring – Forfaiting & Syndications

Sovereign & Commercial Risk Mitigation

F: Trade-based Money Laundering

Knowing the customer and its business

Under and over-invoicing

Using reliable Correspondent Banking

partners

Officers with 2 years experience ready to

assume new responsibilities in Trade Finance.

Customer Service Officers servicing

International Trade players.

Compliance and Risk Officers recently

assigned responsibilities for Int. Trade without

prior exposure to this business segment.

International Trade Finance Certificate

Content

Who Should Attend

Understand the International Trade flows and

the key players.

Learn the language of International Trade and

the needs and expectations of each player in

any given transaction.

Review Trade Services and Finance features

and learn how and when to use them.

Understand how to structure an effective

Trade Services and Trade Finance offering for

clients.

Understand the Risks embedded in any

International Trade deal, including political risk..

Learn how basic International Trade Risk

Mitigation techniques work.

Learn how to use product features in different

situations.

Identify trade-base AML

Cement all these concepts through case

studies.

Primary Objectives


90 days of Online Instructor Led Training

Over 16 hours of recorded PowerPoint

Presentations

Case Studies & Discussions

Final Exam Online


What’s Included?

15

Many FIBA AML webinars are complimentary

Every session is recorded and archived and available to review after the event.

Register your AML compliance department and join your colleagues in live discussion with others from across the

globe.

Each 90-minute FIBA Webinar will feature presentation materials, a live presentation and opportunities to interact with the presenter(s) to pose questions or make comments.

The convenience of the FIBA AML Webinars enables financial institutions to simultaneously expose a large number of employees to timely topics.

All you need in order to participate is an Internet connection.

Registrants receive Continuing Education Credits for FIBA AMLCA and FIBA CPAML Certifications.

Registrants receive a Certificate of Attendance.

Webinars

Highlights

Receive Continuing Education Credits

Stay up-to-date with BSA/AML topics

Webinars are available in English and Spanish

Additional Benefits

FIBA is proud to present a

variety of webinars on the

most current financial

topics.

Our webinars are a great

platform to learn about

emerging issues, new

procedures and regulatory

updates.


16

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