THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Anti Money Laundering: Key Policy Considerations, Audit & Risk Assessments
Date: 7th July 2021
Money laundering is the funneling of cash or other funds generated from illegal activities
through legitimate financial institutions and businesses to conceal the source of the funds.
The accountancy profession around the world is playing a key role in combating corruption,
with a new emphasis on ferreting out and investigating “Politically Exposed Persons” (PEPs),
money laundering, fraud, and related financial crime. At the same time, the profession is
promoting privacy and other forms of consumer protection compliance by advising,
auditing, or attesting to compliance self-disclosures, ensuring the anti-money laundering
policies are adhered to and reporting illegal acts.
Anti-money laundering policies typically require most entities that complete financial
transactions to keep thorough records of their clients’ accounts and activities. If they come
across any information that appears to be suspicious, they are required to report it to the
government for further investigation.
The webinar will cover the following topical areas
Indications of Possible Money Laundering
▪ Application of Risk-Focused Supervision Application and the Integrated
Framework of Control
▪ Professional Accountants’ roles, obligations, and risk assessment regarding AML
▪ Creating and effective AMR audit review program
▪ Financial statements effects in relation to AML
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the Webinar.
The Webinar charges are Kshs. 1,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, (+254) 733 856262 or via email to email@example.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.