Introduction
Summary and Objectives:
1. Real estate as a major tool for money laundry
2. EFCC
3. Designated non-financial businesses and professionals.
4. Money laundering prevention and prohibition Act of 2022
5. What is money laundering?
6. General Responsibilities of the DNFBP
7. Currency transaction reports and how to file them.
Part 121:17
Certification processes and everything you need to know
Summary and Objective:
1. How to carry out registrations
Part 105:17
Post certification responsibilities and how to avoid unnecessary fines
1. List of post certification responsibilities and how to carry them out.
2. How to avoid fines.
3. AMAL, CFT, CTF Policy
part 107:06
Real Estate, money laundering and all you need to know as a real estate professional in Nigeria.
1. Terrorism financing
2. Four (4) levels to terrorist financing
3. Three (3) stages to money laundering
part 108:51
Process to set up your company compliance program
1. Development of internal control manual for running your organization
part 103:33
Actionable compliance duties and fines for default and non compliance
1. Frequency and statutory reports and programs
2. PEPs report
3. Employee, money laundering and training programmes
part 115:30
Customer client Due diligence for Real Estate Professionals
1. What is Due diligence
2. What is KYC
3. Customer Due diligence
part 108:46
compliance Obligations of all employees, Directors, Consultants and interns in every real estate company.
1. Obligations from current criminal law
2. Roles during investigation
part 102:23
Risk Assessment and Client Categorization
1. Risk scoring
2. Expectation from EFCC
3. Who can approve
part 107:57
Compliance and Recording keeping for all Developers and Realtors
1. Keeping Proper records of transactions
2. Have a compliance officer
3. Filing all the necessary reports
4. Management responsibilities
part 104:58
Types of compliance report and how to file them
1. Suspicious transaction report
2. Currency transaction report
3. Cash based transaction report
4. NIL reports and types of NIL reports
5. PEP reports
6. Major change report
part 115:57
How to file compliance report
1. Practical session on how to file reports
part 104:27
part 220:36
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