Training
Coleman on Compliance leverages the distinctive private and public sector experience of its founder Paul Coleman in providing a series of bespoke training modules.
Training modules are separately targeted towards owners/senior management, MLROs and MLCOs and frontline/support staff. Each module is delivered in a practical engaging style designed to achieve compliance with AML legislation and accomplish regulatory validation.
Sessions are matched to client needs and may be delivered on a One to One basis, to groups of attendees, and in either a virtual or face-to-face environment.
“The training Paul provides is tailored to the client's needs and their specific industry, affording participants an in-depth understanding of matters that affect them directly. He has created thoughtful and easy to understand presentations that are given in his trademark, practical and engaging style”
Robert Greenwood
Director & Senior Broker
Regency-Christie’s International Real Estate
I have known and heard Paul as an Anti- Money Laundering public speaker on many occasions since 2013. Through his work with the TCI Financial Services Commission, Paul successfully led training seminars for the financial services regulator and brought valuable contributions to conferences and working sessions on the subject in the TCI and beyond. As an expert speaker and trainer in his field, he continues to bring dynamism to his presentations which keep his audience engaged. He has an innate ability to convey messages with metaphors and language with which listeners can identify and which have proven crucial in bringing awareness and deep understanding of the subject to numerous key players involved in the fight against financial crime..
Christine Shearer
Former Communications Consultant TCI Financial Services Commission
AML Training: Customer Due Diligence Information and Documentation
“Do you know enough about your customer?”
Abstract
If you were to ask the average man in the street “what is customer due diligence?” – “providing a copy of a passport and a utility bill” is the response you would almost certainly receive. Such a statement may have been correct some20 years ago, but as you shall learn, life has moved on since then.
During many years in the anti-money laundering field I have seen the benefits gained by implementing a comprehensive customer due diligence regime. I shall share why there is an increasing focus upon client information to complement the established need for identification documentation.
In this one hour training session, I shall present the key elements required to build a customer risk profile as well as discussing the pitfalls often seen with verification of identity documentation.
*A separate comprehensive training session is available which covers how to prepare a money laundering and terrorist financing risk assessment at both the business and client level.
Download the full brochure on Customer Due Diligence training here.
AML Training for Owners and Directors
“How are you sure your business is compliant?”
Abstract
When discussing the risk of money laundering, I am yet to hear any business owner tell me anything other than they run their business as “risk averse” or “low risk.” The challenge is implementation.
In this one-hour training session, I shall present four key elements I have learned over many years as a regulator and professionally qualified anti-money laundering specialist.
These four key elements will equip owners and directors to meet the seemingly contradictory objectives of running a profitable business at the same time significantly reducing the risk of abuse by criminals and/or experiencing regulatory censure.
Download the full brochure on training for Owners and Directors here.
AML Training: Money Laundering Compliance Officer
You are appointed as the Money Laundering Compliance Officer (MLCO) - now what do I do?
Abstract
Owners and Directors rely heavily upon their MLCO. Owners will tell you they are “risk averse.” It follows that owners will have an expectation that the MLCO will play a significant part in meeting the risk averse objective. A tall order for the newly appointed or even experienced MLCO!
Over many years as a regulator and a professionally qualified anti-money laundering specialist I have seen many versions of how MLCOs’ go about their work. I fully understand the challenges they face.
During this one-hour training session we shall discuss six key methodologies which underpin the capability to support management in meeting regulatory responsibilities and to tackle the risk of criminal abuse.
Download the full brochure on training for Compliance Officers here.
AML Training: Risk assessment
“Do you know the sources of your money laundering and terrorist financing risks?”
Abstract
Twenty years or so ago, to have in place anti-money laundering policies and procedures seemed sufficient to get a tick in the box for an effective AML regime. Not anymore. Criminals have become more imaginative and regulators more demanding.
The money laundering and terrorist financing risk assessment [ML/TF] has, without doubt, become the starting point to develop and put into effect a good quality AML/CFT regime. During my many years as a regulator and a professionally qualified anti-money laundering specialist I have concluded that training sessions under the banner of risk assessment provide a meaningful introduction to all matters relating to Anti-Money Laundering.
In this two-part 90-minute training session, I shall present a global view of the risks of money laundering, and drill into details relevant to the Turks and Caicos Islands. We shall discuss the variations in the sources of ML/TF risk and unlock one of the most misunderstood concepts.
The second session includes how to evaluate the effectiveness of the expected mitigating controls by describing the objectives and rationale of differing control types.
Download the full brochure on training on Risk Assessments here.