FATF

Webinar: Effective Implementation of Targeted Financial Sanctions in Zambia

Course Duration: 72 minutes
Course Points: 70

Fintelekt Advisory Services and the Financial Intelligence Centre, Zambia hosted a webinar on Effective Implementation of Targeted Financial Sanctions on May 20, 2021.

The webinar was moderated by Shirish Pathak, Managing Director, Fintelekt Advisory Services and the speakers were Diphat Tembo, Director – Compliance and Prevention Department, Financial Intelligence Centre, Zambia, Nicholas W. Turner, Of Counsel, Steptoe & Johnson and Brent Estrella, Group Head & Chief Compliance Officer, Rizal Commercial Banking Corporation.

The webinar was designed as an educational and awareness generation initiative for reporting entities in Zambia. In order to comply with, and effectively implement the domestic regulations around targeted financial sanctions, as well as help the country to stay compliant with international standards, reporting entities in Zambia must stay current on financial sanctions and be able to understand the impact of these sanctions to their present compliance program.

The webinar speakers brought the following issues to the fore:

– Improving awareness on the obligations around targeted financial sanctions in Zambia
– Understanding the challenges faced by reporting entities in implementing the requirements on targeted financial sanctions
– Best practices around screening
– The importance of employee training to detect potential offences
– How reporting entities are misused and what type of services or products are most vulnerable for the purpose of the potential breach, non-implementation or evasion of targeted financial sanctions
– Examples of indicators to identify risks linked to terrorism and proliferation financing

Participants from Zambia who attended this webinar live are entitled to receive a participation certificate. If you have already registered on Fintelekt Academy, the certificate will be sent to your registered email id on or before Friday, May 28, 2021.

FATF Plenary February 2021: Outcomes and Interpretation

Daniel Thelesklaf, International AML/CFT and Anti-Corruption Expert provides a round-up of the outcomes of the FATF Plenary Meeting which was held virtually from February 22 to 25, 2021. Despite the pandemic, the FATF has kept up with its planned timelines and the developments in this latest plenary are relevant for the public and private sectors alike. Daniel explains the rationale behind FATF’s recent report on risk-based supervision, highlighted also by FATF Executive Secretary David Lewis at Chatham House recently. Daniel also covers strategic initiatives in the areas of proliferation financing, mitigating risks from virtual assets and terrorism financing. He also covers key results of the mutual evaluation of New Zealand, changes to the gray list, and ends with an outlook on what may be coming in the area of beneficial ownership.

Updated: March 2021
Level: Intermediate
Duration: 27 minutes
Course Points: 25

Trainer: Daniel Thelesklaf, International AML/CFT and Anti-Corruption Expert
View Trainer Bio

Expert Speak: Hala Bou Alwan, HBA Consultancy

Course Duration: 33 minutes
Course Points: 30

Hala Bou Alwan, Founder & CEO, HBA Consultancy talks about Recent FATF Guidelines and their Impact on Financial Institutions in this presentation from Fintelekt’s Asia AML/CFT 2nd Annual Summit 2020 held virtually from July 20-24, 2020.

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