Managing Anti-Money Laundering In The New Legislative Framework: A Practical Approach
Facilitator: DANIEL MARIUS STAICU
Head of Compliance, Victoriabank – Group Banca Transilvania
Presenter/ Trainer/Council of Europe Expert/Evaluator MONEYVAL Committee CoE
Daniel is an accredited trainer in various fields, an evaluator of competencies and last but not least, an evaluator of the Council of Europe (CoE) – MONEYVAL Committee in assessing the compliance of Member States’ AML/CFT systems with international standards and recommendations for the 5th Round of evaluations.
He was head of Romanian FIU for almost three years, a position from which he was involved in coordinating risk, operational and strategic analysis, enforcing the law in the field of AML / CFT and international sanctions and coordinating the transposition of European laws into national legislation. This position followed more than 20 years of experience in the structures of the frauds investigation police, where he held various management positions.
Risks of money laundering and the financing of terrorism remain a major concern for the integrity of European Union’s financial system and the security of its citizens. Over time, the Union has developed a solid regulatory framework for preventing money laundering and terrorist financing, in line with international standards adopted by the Financial Action Task Force, FATF-GAFI. But, the regulatory framework needs to keep pace with the increasing integration of financial flows in the internal market, the evolving trends, technological developments and the ingenuity of criminals to exploit any gaps or loopholes in the system.
In Romania, the fight against money laundering and terrorist financing is a continuous task underpinned by a regulatory framework that requires regular updates to keep pace with new developments. Much has been achieved to improve the existing framework, particularly through the major legislative changes that occurred in 2019.
Learning Outcomes
- Understand the EU and international AML/CFT system and stakeholders
- Better understand and apply the current Romanian legislation
- Awareness of the obligations of reporting entities
- Understand the financial behavioral changes and challenges that occurred during COVID 19 pandemic
CONTENT
- EU legislation – 4th and 5th AMLDs, directive on combating money laundering by criminal law, directive facilitating the use of financial and other information;
- FATF/GAFI Recommendations
- EU AML Action Plan 2020
- EBA – response to EU AML Action Plan 2020
- Romanian legislative framework – overview, evolution
- Reporting entities – obligations
- COVID19 – changes and challenges in AML/CFT
- Study Case
Target Audience: AML & Compliance Managers and Officers, Risk management Officers, Management executives, Legal, Regulatory, Audit, Law Enforcement representatives, Consultants etc.
The webinars will be highly interactive, based on discussions and examples.
Number Of Participants: limited to maximum 12
The webinar will be delivered using Online Platform, allowing the virtual participation, both from home and from work, with no risks associated, using just a browser. After the registration to the course, one day before the online sessions took place, the participants will receive a link to access the virtual classroom.
Duration: 3 hours (net)
A certificate of attendance will be issued by the e-learning platform, after the course.
