Training Event in Kosovo - Prevention of Money Laundering and Fight against Terrorist Financing

06/11/2018

As part of an ongoing series of training events on Anti-Money Laundering Compliance, the EU-funded project “Further Support to Kosovo Institutions in the fight against Organized Crime, Corruption and Violent Extremism” organized the five-day training event “Compliance in the Field of the Prevention of Money Laundering and the Fight Against Terrorist Financing” from the 28th of May to 1st of June. 

The training was organized in cooperation with the Kosovo Financial Intelligence Unit (FIU) in order to increase the capacity of Kosovo’s Banking and Financial Services Sector, including legal professions. Consequently, this training was designed to be delivered to the front line/front office staff of banks and financial service providers. The objective of the training was to equip the front office staff with the necessary knowledge on money laundering so they can serve as the first checkpoint in detecting suspicious financial activities. 

The main topics covered throughout the training were:

-Costumer Due Diligence and Enhanced Due Diligence

-Politically Exposed Persons 

-Non-residential clients

-Beneficial ownership

-Offshore Financial Structures

-Suspicious Transaction Reports and Suspicious Activity Reports

At the end of the training, each participant received a training completion certificate for the AML Compliance Basic Course. 

 

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