Combating Terrorist Financing
This webinar will provide an overview of a program financial institutions need to implement to mitigate the risk of involvement in terrorist financing and to comply with all applicable laws and regulations.
Presented by Mario Mosse
Thursday, February 22, 2018
24-hour on-demand access begins at 10:00 am ET
Session length: 120 minutes
Note: A 10-minute break will be incorporated at the top of the first hour.
About This Course:
Terrorist Financing is a financial crime that uses funds to support the agenda, activities or cause of a terrorist organization and combating terrorist financing is the obligation of every financial institution. Although related to money laundering, terrorist financing can involve the use of legally obtained funds to carry out illegal activities and its objective is not financial gain or hiding or disguising illegal proceed but promoting the agenda of a terrorist organization. This webinar will provide an overview of a program financial institutions need to implement to mitigate the risk of involvement in terrorist financing and to comply with all applicable laws and regulations.
Financial institutions need to be alert to the risk of being used as a vehicle to facilitate the funding of terrorist organizations. Financial systems and the broader economy need to be protected from the threats of the financing of terrorism and arms proliferation, thereby strengthening financial sector integrity and contributing to global safety and security.
Areas to be covered during this session:
• Key terms, definitions, and institutional differences
• Legal and regulatory background to CTF
• Funds generation
• Transactions
• Legal and illegal means
• Relationship to money laundering
• CTF Goal: to aggressively identify, escalate and deter terrorist organizations’ funding and transactions networks
• FATF Recommendations
• FATF Global Money Laundering and Terrorist Financing Threat Assessment (GTA)
• Risk Assessment Methodologies
Who Should Attend:
Banks; Asset Managers; Broker/Dealers; Insurance Companies and all other financial institutions; Supervisors; Financial Officers; IT professionals; Risk Officers; Internal Auditors; Operational Risk Managers; Compliance Officers; Board members; General (legal) counsel; Regulators who supervise or examine banks or financial institutions; C-Suite members; CBAs (Chartered Bank Auditors); CIAs (Certified Internal Auditors); CFEs (Certified Fraud Examiners); Team members who have an interest in expanding their knowledge of mitigating risks of involvement in terrorist financing.
How It Works:
This course will be available for a 24-hour period on the starting date and time published, to accommodate your schedule and time zone. During the session you will have the opportunity to submit questions to Mario. He will prepare a customized response to you within 72-business hours. Questions must be submitted during the 24-hour open course period. Included in your purchase is access to the recording for 60 days following the original course date and a PDF of the course handouts.
Registration Fee:
Sustaining Member $99 |Contributing Member $109 |Non-Member $119
About Our Expert:
Mario Mosse is the President of MMosse Consulting, LLC, a company that provides risk management advice and training to the financial services industry. Mosse has significant experience in the areas of enterprise risk management, regulatory compliance, internal audit and project management at major financial services companies. He also has extensive knowledge of U.S. and international financial services and products (retail and corporate banking, securities brokerage, investment banking, asset management and life insurance) as well as risk management and internal control frameworks such as Basel III, Solvency II and COSO.
Mosse spent 18 years with Prudential Financial, Inc. where he was in charge of the company’s operational risk management program. Prior to that, he was the Chief Internal Control Officer for Prudential Securities and Vice President, Management internal Control of Prudential Investments. Prior to joining Prudential, Mosse spent 19 years with The Chase Manhattan Bank, N.A. where he was in charge of risk management and compliance for the Corporate Finance Sector, South America Regional Audit Executive, and Vice President, General Auditing.
Continuing Risk Learning Credits: 2
PRMIA Continuing Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].