Public Speaking

How to prepare for your First CRS Audit Assessment


 

PAST EVENTS:

ISLE OF MAN, DOUGLAS, FRIDAY 27 MARCH 2020, PALACE HOTEL, 9.00-12.30


JERSEY, ST. HELIER, WEDNESDAY 25 MARCH 2020, POMME D’OR HOTEL, 9.00-12.30


GUERNSEY, ST PETER PORT, TUESDAY 24 MARCH 2020, THE OLD GOVERNMENT HOUSE HOTEL, 9.00-12.30

MALTA, FRIDAY 6 MARCH 2020, PALAZZO DE PIRO, 9.00-12.30

NICOSIA, WEDNESDAY 4 MARCH 2020, THE LANDMARK NICOSIA, 9.00-12.30

GIBRALTAR, MONDAY 2 MARCH 2020, SUNBORN GIBRALTAR, 9.00-12.30


View Event Brochure



 

What can FIs do immediately before the CRS audit: amend the AML-CRS manual, organize the risk management governance and internal controls, test CRS report assurance and staff knowledge This seminar will provide practical guidance on what must be done in the pre-audit period.


Introduction


  • Global Forum AEOI Peer Review “Terms of Reference”

  • 2019 AEOI Implementation Report – Peer Review and Audit Implications



AGENDA


AUDIT ASSESSMENT FRAMEWORK


Reporting Financial Institution Regulatory Capacity

  • Governance Framework

  • Resource Allocation

  • Physical | IT Infrastructure


Reporting Financial Institution Process Management Framework

  • AML vs. CRS Manual

  • Account Segmentation and Analytics

  • Self Certificate Guidelines

  • Change in Circumstance Guidelines

  • Account Closure Guidelines

  • XML verification


Reporting Financial Institution Risk Management Framework

  • Mandatory Disclosure Model Framework

  • Risk Assessment Committee Procedural Integration

  • Suspicious Transaction Report Procedural Integration


Target Regulatory Outcomes

  • Reporting Outcomes – misreporting implications

  • Robust | Sustainable Operating Environment

  • Statutory Document Management Practices


INTERNAL CRS AUDIT ASSESSMENT, BEST PRACTICE GUIDANCE


Client Lifecycle Analytical Approach- Lifecycle Process Management Framework, applied to:

  • Pre-Existing Individual Account

  • Pre-Existing Entity Account

  • New Individual Account

  • New Entity Account

  • Change in Circumstances

  • Account Reporting

  • Account Closure


Lifecycle Risk Management Framework, applied to:

  • Client Onboarding

  • Client Monitoring | Change in Circumstances

  • Account Closure


Operating Framework Assurance Test:

  • CRS Manual vs. AML Manual – Overview Gap Analysis

  • Complex CRS Report Outcomes, Practical Examples

  • Staff Training and Development: Online Knowledge Test (CRS Expert Software)


 








View Event Brochure