AML/CFT Risk Assessment Training for Financial Institutions in Sri Lanka
01 December 2022 to 02 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:
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 01 Dec 2022 | Day One: Session for Licensed Bank | Conducting an Enterprise-Wide AML/CFT Risk Assessment (Risk Control Self-Assessment) | |
| 01 Dec 2022 | Facilitator | Sajini Chandrsekara, Assistant Director, Sri-Lanka FIU | |
| 01 Dec 2022 | Welcome Remarks | K M A N Daulagala, Deputy Governor, Central Bank of Sri Lanka | |
| 01 Dec 2022 | Introduction | Chen Chen, Country Director, ADB Sri Lanka Resident Mission | |
| 01 Dec 2022 | I. Background: Enterprise-wide Risk Assessments (RCSA - Risk Control Self-Assessment) | Elizabeth McCann | |
| 01 Dec 2022 |
o Risk Assessment Process - Roles and Responsibilities - Pre-RCSA Preparation - Risk Assessment Unit (RAU) Data Validation and Monitoring - RCSA - Post RCSA - Maintenance and Reporting |
||
| 01 Dec 2022 | Case Study 1, Q&A | Elizabeth McCann | |
| 01 Dec 2022 | II. Conducting the Risk Assessment | Elizabeth McCann | |
| 01 Dec 2022 |
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 |
||
| 01 Dec 2022 | III. Post RCSA | Elizabeth McCann | |
| 01 Dec 2022 |
o Evidence Based Control Evaluation o Independent Testing and Validation o Ongoing monitoring |
||
| 01 Dec 2022 | Q&A | Elizabeth McCann | |
| 01 Dec 2022 | Closing Remarks | Enoka Mohotty, Director, Sri Lanka - Financial Intelligence Unit (FIU) |
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 02 Dec 2022 | Facilitator | Sajini Chandrsekara, Assistant Director, Sri-Lanka FI | |
| 02 Dec 2022 | Day Two: Session for Licensed Finance Companies, Insurance Companies, and MVT | Conducting an Enterprise-Wide AML/CFT Risk Assessment (Risk Control Self-Assessment) | |
| 02 Dec 2022 | Welcome Remarks | K M A N Daulagala, Deputy Governor, Central Bank of Sri Lanka | |
| 02 Dec 2022 | Introduction | TBD | |
| 02 Dec 2022 | IV. Background: Enterprise-wide Risk Assessments (RCSA - Risk Control Self-Assessment | Elizabeth McCann | |
| 02 Dec 2022 |
o Risk Assessment Process - Roles and Responsibilities - Pre-RCSA Preparation - Risk Assessment Unit (RAU) Data Validation and Monitoring - RCSA - Post RCSA - Maintenance and Reporting |
||
| 02 Dec 2022 | Case Study 1, Q&A | Elizabeth McCann | |
| 02 Dec 2022 | V. Conducting the Risk Assessment | Elizabeth McCann | |
| 02 Dec 2022 |
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 |
||
| 02 Dec 2022 | Case Study 2, Q&A | Elizabeth McCann | |
| 02 Dec 2022 | VI. Post RCSA | Elizabeth McCann | |
| 02 Dec 2022 |
o Evidence Based Control Evaluation o Independent Testing and Validation o Ongoing monitoring |
||
| 02 Dec 2022 | Q&A | Elizabeth McCann | |
| 02 Dec 2022 | Closing Remarks | Enoka Mohotty, Director, Sri Lanka - Financial Intelligence Unit (FIU) |