ࡱ> sutq( `/ 0DArialNew Romantt 0"DTimes New Romantt 0@ .  @n?" dd@  @@`` |t x(/3 7 -+#h0<kl mor%v x% z {|}~ 0AAP33f3@Gʚ;4ʚ;g4BdBd 0ppp@ <4dddd@w 0t L0___PPT10  ___PPT9U(b(a(f(h(d(e(g;The Relationship between the Compliance and Internal Audit <<(7G; VYWXObjectives of an AML Audit_Detect AML problems & all possible failures of AML procedures in order to avoid regulator critics, fines & penalties, and reputation risks, restrictions on growth & expansion Ensure the problems are fixed before the regulators come to the Bank Independent monitoring unit reports to the shareholders risks that managers may try to hide from them. `P`XZ) Tasks required from the Internal Audit*''UU F`" Fd  ^b F`" Fd  _a F`" Fd  af F`" Fd  dh F`" Fd  bd F`" Fd  ce F`" Fd  Z[How Audit performs the tasks Sampling Transaction testing, with particular emphasis on high risk operations (products, services, customers and geo locations) Reviewing Compliance exceptions Reports (to avoid duplication)egWhen to ReviewQ Review the AML Compliance Dept once or twice a year before the examiners review66p" dp" dRQ \]AuditorsShould be sufficiently qualified to ensure that their findings and conclusions are reliable Must be completely independent: Performed by people not involved with the organization s AML compliance staff. Avoid duplication Segregate duties&|r|rThank you for your attention Samar Baasiri, CAMS Head of Compliance Dept Bankmed, MIB & SLB SAL ACAMS Advisory Board Member baasiris@bankmed.com.lb X8PP, K " {R   0` 33` Sf3f` 33g` f` www3PP` ZXdbmo` \ғ3y`Ӣ` 3f3ff` 3f3FKf` hk]wwwfܹ` ff>>\`Y{ff` R>&- {p_/̴>?" dd@,|?" dd@   " @ ` n?" dd@   @@``PR    @ ` ` p>> |(    6 b  `} b T Click to edit Master title style! !  0`b  ` b RClick to edit Master text styles Second level Third level Fourth level Fifth level!     S  0b ^ ` b X*  0b ^  b Z*2  0!b ^ `` bH@___PPT9"@ j*"H  0޽h ? 3380___PPT10. e Default Design 0  (  r  S b> b H  0޽h ? 3380___PPT10. e/   0  /(    0`2  # #" 0 `2  b  <?"6@ NNN?N@ 0`2 F>6___PPT9 % Internal Audit Monitor the functionLp" dp" d   ($   < f3?"6@ NNN?N 0@ 2 F>6___PPT9 " Compliance Perform the FunctionX p" d p" d p" d   4   B  Ho ?"0@NNN?N 0`0B  Ho ?"0@NNN?N 2 `2 B  Ho ?"0@NNN?N 0 2 B  B1 ?"0@NNN?N@ 0@ 2 B   Ho ?"0@NNN?N`0`2 H  0޽h ? 3380___PPT10.c$  0 $(  r  S % `}   r  S & `  H  0޽h ? 3380___PPT10.=@9  0 (  r  S 5 `  H  0޽h ? 3380___PPT10.=(I  0  /I(  (  s tb0e0e c"$0e?    *  0D C"?_ ^VN___PPT90(  T" `Fd`" Fd     0PQ C"?n^VN___PPT90(  T" `Fd`" Fd    |  / #" v     <Y?"6@ NNN?N@ f^V___PPT980  Internal Audit Evaluate the training program Assess its adequacy, including Its comprehensiveness Accuracy of materials Training schedule & frequency Attendance tracking Training of personnel from all applicable areas of the Bank p" d=p" dyp" d!p" dp" d = S   <f3?"6@ NNN?N@ F>6___PPT9 Se Compliance Construct contents for the AML Training Program Provide training to all staff at the Bank p" dp" dp" d!p" d p" d  [ eB   No ?"0@NNN?NB   No ?"0@NNN?NB  No ?"0@NNN?NB  H1 ?"0@NNN?N@ @ B  No ?"0@NNN?NH  0޽h ? 3380___PPT10.F!  0 $(  (  s 0e0e c"$0e?    *  0d C"?_ ^VN___PPT90(  T" `Fd`" Fd     0l C"?n^VN___PPT90(  T" `Fd`" Fd    PQ $ #" PQ   <ح?"6@ NNN?N Q QVNF___PPT9(  F Verify: KYC, KYE Customer Acceptance Policy Roles & responsibilitiesB p" d>p" d > G   <f3?"6@ NNN?NPQ  QF>6___PPT9 c Implement KYC, KYE, Customer Acceptance policy & procedures Determine Roles & responsibilitiesdp" d)p" dp" dp" ddd9  <Hͅ?"6@ NNN?N Q F>6___PPT9 9 Internal Audit Review AML risk assessment program in place Address the adequacy of AML Risk Assessment (how often the program is Adjusted by new risks) Examine the adequacy of CDD Policies, procedures and Processes, and whether they Comply with internal & external requirementsp" dp" dp" dp" dAp" dp" dcp" d     <ͅf3?"6@ NNN?NP Q ~v___PPT9XP  Compliance Involve in the AML risk Assessment program: Identify risks Rank risks Determine the appropriate Level of CDD to manage risks  p" dp" dp" d4p" dp" dp" dp" d  4   B  No ?"0@NNN?NPB   No ?"0@NNN?NPQQB   No ?"0@NNN?NPPQB   H1 ?"0@NNN?N  QB   No ?"0@NNN?NQZB  s *o ?PQ Q H  0޽h ? 3380___PPT10.F!  0 um` (  (  s $0e0e c"$0e?    *  0( C"?_ ^VN___PPT90(  T" `Fd`" Fd     0 C"?n^VN___PPT90(  T" `Fd`" Fd   ]   # #" v   < ?"6@ NNN?N@ F>6___PPT9  Internal Audit Ensure that an AML Program is in place Review the AML program Separately Evaluate the AML P&P Ensure that AML Policies & Procedures are adhered by all Depts & business Units p" dp" d p" dp" d p" d2p" d5p" dp" d 4      <6f3?"6@ NNN?N@ F>6___PPT9  Compliance Design and implement the AML Program Write the AML policies & Procedures Ensure that AML Policies & Procedures are adhered by all Depts & business Units  p" dp" d p" dp" d p" dp" d5p" dp" d  N _2   B  No ?"0@NNN?NB   No ?"0@NNN?NB   No ?"0@NNN?NB   H1 ?"0@NNN?N@ @ B   No ?"0@NNN?NH  0޽h ? 3380___PPT10.F!  0 JB (  (  s @K0e0e c"$0e?    *  0T C"?_ ^VN___PPT90(  T" `Fd`" Fd     0(\ C"?n^VN___PPT90(  T" `Fd`" Fd   2| P  #" pP   <b?"6@ NNN?N ~v___PPT9XP  Internal Audit Examine the integrity and accuracy of Mgt Info  systems used in AML Compliance Program Review the  systems ability to identify unusual activity by: Reviewing P&P Reviewing proceses for suspicious activity monitoring Review the  systems ability to generate monitoring reports Determine whether the  systems filtering criteria are Reasonable.p" dp" d?p" dp" d"p" d%p" d"p" dp" dp" d p" dp" d-p" d   4"%"   H+? 4   + +   <pf3?"6@ NNN?NP ~v___PPT9XP B Compliance Implement  systems that supports AML Compliance in: monitoring customers accounts Filtering customers & transations Generating monitoring reports 0 p" dp" dp" dp" d p" dp" d p" dp" dp" dp" d  Y   B  No ?"0@NNN?NPB   No ?"0@NNN?NPB   No ?"0@NNN?NPPB   H1 ?"0@NNN?N  B   No ?"0@NNN?NH  0޽h ? 3380___PPT10.F!D  0    D (  (  s  0e0e c"$0e?    *  0dm C"?_ ^VN___PPT90(  T" `Fd`" Fd     00 C"?n^VN___PPT90(  T" `Fd`" Fd    P` # #" pP` L  <?"6@ NNN?N `F>6___PPT9 LX Internal Audit Review the adequacy of the SAR system adopted by the Compliance p" d!p" d&p" dp" dp" d IX   <f3?"6@ NNN?NP `F>6___PPT9  Compliance Issue SARs fp" dp" dp" d  @      B  No ?"0@NNN?NPB   No ?"0@NNN?NP``B   No ?"0@NNN?NPP`B   H1 ?"0@NNN?N  `B   No ?"0@NNN?N`H  0޽h ? 3380___PPT10.F!  0 >6  (  (  s 0e0e c"$0e?    *  0 C"?_ ^VN___PPT90(  T" `Fd`" Fd     0l C"?n^VN___PPT90(  T" `Fd`" Fd   &   # #" v   <x?"6@ NNN?N@ VNF___PPT9(   Internal Audit Ensure that there is a compliance plan for the year: What areas to review Ensure compliance meetings are conducted and attended Review minutes of meetingsp" dp" dp" dp" dp" dp" dp" d R   <'f3?"6@ NNN?N@ F>6___PPT9 ! Compliance Attend AML meetings P p" dp" d  4   B  No ?"0@NNN?NB   No ?"0@NNN?NB   No ?"0@NNN?NB   H1 ?"0@NNN?N@ @ B   No ?"0@NNN?NH  0޽h ? 3380___PPT10.F!U  0  U(  (  s k0e0e c"$0e?    *  0 C"?_ ^VN___PPT90(  T" `Fd`" Fd     0 C"?n^VN___PPT90(  T" `Fd`" Fd    | P`  #" pP`   < ?"6@ NNN?N `F>6___PPT9  Internal Audit Report deficiencies noted to the Board and request corrective Measures Track previously identified deficiencies and ensure Management corrects them Consider whether the board was Responsive to earlier audit Findings.p" d!p" d&p" dp" d2p" d!p" d'p" d  [  <,f3?"6@ NNN?NP `F>6___PPT9 [a Compliance Report deficiencies to the AML Committee Ensure that corrective measures are applied p" dp" dp" dp" dp" d  V&  V B  No ?"0@NNN?NPB   No ?"0@NNN?NP``B   No ?"0@NNN?NPP`B   H1 ?"0@NNN?N  `B   No ?"0@NNN?N`H  0޽h ? 3380___PPT10.F!$  0 $(  r  S ' `}   r  S ' `  H  0޽h ? 3380___PPT10.>C1$  0 $(  r  S . `}   r  S  !0   H  0޽h ? 3380___PPT10.H$  0  $(  r  S = `  r  S = `}   H  0޽h ? 3380___PPT10.?=  0 (  r  S C `  H  0޽h ? 3380___PPT10. /r`0y"U@1$-/Z\f^ @UaPeۈz:De1Oh+'0 `h  ,Enhanced Due Diligence Risk Based ApproachS.B.Administrator33Microsoft PowerPoint@,u[@@1N @PaCGg  K4  y--$xx--'@"Arial-. 7G32 0The Relationship between the ."System0:-@"Arial-. 7G42 ;Compliance and Internal Audit .-՜.+,0    `On-screen Show.Я ArialTimes New RomanDefault Design<The Relationship between the Compliance and Internal Audit Slide 2Objectives of an AML AuditSlide 4Slide 5Slide 6Slide 7Slide 8Slide 9 Slide 10 Slide 11How Audit performs the tasksWhen to Review Auditors Slide 15  Fonts UsedDesign Template Slide Titles%_㬯 AdministratorAdministrator  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWYZ[\]^_abcdefgijklmnorRoot EntrydO)Current UserhSummaryInformation(XPowerPoint Document(ЯDocumentSummaryInformation8`Root EntrydO)`&=v@Current User/SummaryInformation(XPowerPoint Document(Я  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWYZ[\]^_abcdefgr_㬯rharbrharb