IIA-Australia webinars listed on the IIA NZ website are open to all IIA NZ members and non-members. The registration for these are through the IIA-Australia website. To convert the event date and time to your local time, select the iCal calendar at the top right of the event listing. Note: When registering through an international website, please be aware that you will be charged in their currency. If you require assistance with registering, please contact training@iia.org.au
IIA AUS Webinar: Navigating the AML/CTF Audits: Risks, Regulatory Reporting and Analytics EffectivenessWebinar: Navigating the AML/CTF Audits: Risks, Regulatory Reporting and Analytics Effectiveness
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Event Details
Date
26 July 2024
Time
12:30 pm - 1:30 pm
Online
Delivery Method
Zoom
Facilitator
IIA-Australia
In today's rapidly evolving business landscape, exposure to Money Laundering and Terrorist Financing is one of the key risks faced by organisations across sectors. Whilst organisations comply with Anti- Money Laundering (AML) and Counter-Terrorism Financing (CTF) legislation in the form of a written program, how can auditors identify and test the key risks that impact the organisation when determining the scope for review? This webinar delves into the steps to be taken to identify such key risks when reviewing an AML/CTF program and also how the usage of data analytics helps in testing certain regulatory reporting.
Topics Covered:
AML/CTF Program - Primary document showing how ML/TF risks are identified, mitigated, and managed by organisations. It contains various components and is divided into two parts in Australia viz. Part A and Part B
AML/CTF audit risk assessment - Key step in understanding the organisation that is under review
Other considerations impacting audit scope - Financial Crime transformation projects, management-identified issues, and remediation status
Usage of data analytics - Why this is an effective method to test the quality, accuracy and timeliness of certain regulatory reporting