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Education, Training and Presentations
The business community has become increasingly aware of the need for on-going training to enable dirty money to be identified by those dealing with it, however in light of the current legal and regulatory requirements for businesses to provide anti-money laundering (AML) training, never has this need been more pressing. How to design and deliver a comprehensive and effective AML training program to staff is a problem faced by all types of businesses today, not just financial institutions and law firms.
Proximal Consulting has extensive experience in designing and delivering AML training courses for all levels of staff in many different types of organizations. Primarily, because of their ongoing need, we have supplied high quality cost effective in-house training to a number of financial institutions and law firms. This training can be achieved either as a stand alone service or as part of our Money Laundering Compliance & Assurance Program.
Every AML training program we design is unique, offering a bespoke solution tailored to address your specific AML needs and requirements. The most important factor when we design a training program is to establish what you are seeking to achieve together with what regulatory or legal requirements you must fulfil. We begin the process by meeting with you to discuss your expectations and goals, addressing general questions and issues such as those listed below:
Is there a stated AML policy?
Is there a commitment by your company to install the required AML procedures and controls?
Has any AML staff training already taken place?
Are there any AML procedures already in place? Note: These procedures could either be documented or 
taking place but not written down.
Is there any other internal information or documents that exist in relation to the subject of AML?
During the initial stages of consultation, it is essential that we gain a true understanding of your company. For this reason we will generally ask you to provide us with an overview of the business, products offered, and working processes together with a copy of any existing training manuals or material you may already have. In addition to the questions listed above, we will also compile points of discussion related to specific money laundering risks faced by your company, based on our preliminary assessment. For example we may consider types of possibilities such as:
Customers/clients/staff etc. use your company’s services to launder funds.
Your company is infiltrated by criminals who then use the firm’s facilities for criminal means.
Information is available within criminal groups which alerts them to any general or specific weaknesses in your company’s systems that can be exploited.
Criminals target your company because it is a softer target than similar providers.
Your company’s staff may not be aware of money laundering risks and thus, although there may not be any underlying systemic problems, money laundering is taking place but is not identified.
Money laundering activities or suspicions may go unnoticed or unreported or, alternatively, are noticed and reported internally but no external report is then made to relevant authorities.
Following our meeting with you, we will prepare a Money Laundering Risk Matrix which will identify:
Business processes which are subject to AML regulation.
Specific Money Laundering risks.
Current AML procedures (if they exist).
Evaluations as to how current procedures satisfy AML regulations.
Suggested new procedures for discussion and approval to satisfy AML regulations.
At this stage, we will also prepare a draft procedures manual for approval and any additional training material you require. We are able to deliver a wide range of training techniques and materials, including:
In-house training to relevant staff.
AML training video/DVDs and hand-outs.
Written training material such as manuals, guide cards and procedure charts.
Money laundering prevention videos.
Computer Based Training.
At desk training via corporate intranets.
Proximal Consulting
2 Pelham Court, London Road, Marlborough, Wiltshire, SN8 2AG
Rue Du Rhone 14, 1204 Geneva, Switzerland
