Starting from January 1, 2020, the updated AML/CFT handbook issued by the Central Bank of Aruba is applicable to all financial service providers and designated non-financial service providers. This training aims to inform about all the alterations made and also guide on how to implement these changes effectively within your organization.

Topics

• Quick recap of AML/CFT requirements

• Update on Risk-based-approach

• Update on Business Risk Assessment

• Additional information on the transfer of Funds

• Additional information on Sanctions

• Additional information on Terrorist financing

• NEW–Proliferationfinancing

• NEW Compliancer office requirements

• Specific Risk indicators (per sector)

Goals

• Learn about the revised and updated guidelines

• Implement changes within business operations

• To understand your current AML/CFT status

• Learn the requirements of AML compliance officers

Target group

• Compliance Officers

• Reporting Officers

• Board members

• Business Owners

• Employees