AML/CFT Risk Assessment Training for Financial Institutions in Sri Lanka
1 to 2 December 2022

The ADB Trade and Supply Chain Finance Program, in collaboration with the Sri Lanka – Financial Intelligence Unit, conducts a two-day training for bank and non-bank financial institutions in conducting Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Risk Assessment. The first day is dedicated for licensed banks in Sri Lanka and the second day for licensed finance companies, insurance companies, and money or value transfer services (MVTS).

Program and Learning Materials
Session / Activity Title Speaker(s)
Day One: Session for Licensed Bank Conducting an Enterprise-Wide AML/CFT Risk Assessment (Risk Control Self-Assessment)
Facilitator Sajini Chandrsekara, Assistant Director, Sri-Lanka FIU
Welcome Remarks K M A N Daulagala, Deputy Governor, Central Bank of Sri Lanka
Introduction Chen Chen, Country Director, ADB Sri Lanka Resident Mission
I. Background: Enterprise-wide Risk Assessments (RCSA - Risk Control Self-Assessment) Elizabeth McCann
o Risk Assessment Process
- Roles and Responsibilities
- Pre-RCSA Preparation
- Risk Assessment Unit (RAU) Data Validation and Monitoring
- RCSA
- Post RCSA
- Maintenance and Reporting
Case Study 1, Q&A Elizabeth McCann
II. Conducting the Risk Assessment Elizabeth McCann
o Pre-Work
 Enterprise /Service Model
o Inherent Risk Identification and Assessment
o Control Identification and Assessment
o Residual Risk Assessment
o Residual Risk Response-Corrective Actions
III. Post RCSA Elizabeth McCann
o Evidence Based Control Evaluation
o Independent Testing and Validation
o Ongoing monitoring
Q&A Elizabeth McCann
Closing Remarks Enoka Mohotty, Director, Sri Lanka - Financial Intelligence Unit (FIU)
Session / Activity Title Speaker(s)
Facilitator Sajini Chandrsekara, Assistant Director, Sri-Lanka FI
Day Two: Session for Licensed Finance Companies, Insurance Companies, and MVT Conducting an Enterprise-Wide AML/CFT Risk Assessment (Risk Control Self-Assessment)
Welcome Remarks K M A N Daulagala, Deputy Governor, Central Bank of Sri Lanka
Introduction TBD
IV. Background: Enterprise-wide Risk Assessments (RCSA - Risk Control Self-Assessment Elizabeth McCann
o Risk Assessment Process
- Roles and Responsibilities
- Pre-RCSA Preparation
- Risk Assessment Unit (RAU) Data Validation and Monitoring
- RCSA
- Post RCSA
- Maintenance and Reporting
Case Study 1, Q&A Elizabeth McCann
V. Conducting the Risk Assessment Elizabeth McCann
o Pre-Work
 Enterprise /Service Model
o Inherent Risk Identification and Assessment
o Control Identification and Assessment
o Residual Risk Assessment
o Residual Risk Response -Corrective Actions
Case Study 2, Q&A Elizabeth McCann
VI. Post RCSA Elizabeth McCann
o Evidence Based Control Evaluation
o Independent Testing and Validation
o Ongoing monitoring
Q&A Elizabeth McCann
Closing Remarks Enoka Mohotty, Director, Sri Lanka - Financial Intelligence Unit (FIU)

Disclaimer

The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.

Event Coordinator/s

  • Catherine Daza-Estrada

Related

ADB Organizer/s

  • Private Sector Operations Department

Topics

  • Private Sector