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
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)
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