2.3. Risk assessment and management

Regulatory Compliance in European Financial Data Spaces: Risk assessment and management

This part of the tutorial provides information on risk assessment and management

About the Course

The FAME Project offers a comprehensive and accessible online course designed to introduce you to the world of Anti-Money Laundering (AML) Regulations. The course provides an overview of key regulations, GDPR impacts, and the essentials of data protection and cross-border data transfers. Emphasizing regulatory compliance, the course touches upon AML laws, KYC protocols, and the critical role of financial institutions, highlighting the latest in AML directives and the integration of technologies like DLT and AI to bolster compliance efforts. This asynchronous English-language course is tailored specifically for professionals and stakeholders within the financial sector who wish to navigate European financial data spaces and achieve AML complianceIt consists of the following parts:







1. European Regulations in Financial Data Spaces
1.1. Overview of European regulations in financial data spaces.
1.2. Data protection regulations in Europe
1.3. Key regulatory bodies in Europe
1.4. Impact of GDPR on financial data spaces
1.5. Cross-border data transfers in Europe

2. Regulatory Compliance in European Financial Data Spaces
2.1 Importance of regulatory compliance in financial data spaces
2.2 Compliance monitoring and reporting
2.3 Internal controls and policies
2.4 Risk assessment and management

3. Anti-Money Laundering (AML) Compliance in European Financial Data Spaces
3.1 Introduction to anti-money laundering (AML)
3.2 AML laws and regulations in Europe
3.3 Know Your Customer (KYC) requirements
3.4 Transaction monitoring and suspicious activity reporting
3.5 Role of financial institutions in AML compliance

4. Anti-Money Laundering Laws and Regulations in Europe
4.1 Overview of anti-money laundering laws and regulations in Europe
4.2 Key AML regulatory bodies in Europe
4.3 Directive (EU) 2015849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing
4.4 Fifth Money Laundering Directive (AMLD 5) and its amendments

5. Compliance Procedures and Controls in AML
5.1 AML compliance monitoring and reporting
5.2 Customer due diligence procedures
5.3 Enhanced due diligence for high-risk customers
5.4 Record keeping and audit trails in AML
5.5 Risk-based approach to AML compliance

6. Technology Solutions for AML Compliance in European Financial Data Spaces
6.1 Role of technology in AML compliance
6.2 Distributed ledger technology (DLT) and AML
6.3 Regtech solutions for AML compliance
6.4 Challenges and considerations in implementing technology solutions