This course can be delivered to your organisation as part of our bespoke Corporate Training Solutions, at your own time and your own convenience. Contact us on kla@kpmg.com.mt or call us on +356 2563 6363 or on +356 9963 6363 for more information on how we can take care of your organisation’s training needs.

Course Description:

This course, offered by KPMG Learning Academy, is tailored for remote gaming operators. The training session will be targeted towards all employees working within the AML function, payment processing, fraud and risk operations. The course will provide an overview of the types of fraud which commonly manifest in the remote gaming industry, including the procedures, measures, and controls that can be applied by remote gaming operators to identify, prevent, and mitigate fraud, as well as delve into the reasons behind such a high incidence of under-reporting of fraud and explore the benefits of shifting towards increased collaboration and reporting. The European legislative framework, namely the AML Directives, was kept in perspective in the preparation of the material for this course. Other regulations and guidelines published by international bodies such as FATF, MONEYVAL and The Wolfsberg Group were also referenced. Such guidelines will also be taken into consideration when sharing industry best practices throughout the progress of the course. Furthermore, a series of red flags that remote gaming operators should look out for in their day-to-day practice to ensure that fraudulent activity is uncovered in a timely manner will be identified through an interactive knowledge-sharing exercise. The training session will also be complemented by a number of practical examples and case studies.

Target Audience:

All employees working within the AML function, payment processing, and fraud and risk operations in the remote gaming industry.

Learning Outcomes:

• The link between Fraud & AML – the notions of predicate and derivative offences and the facilitating effect of fraud on the movement of funds through the three stages of money laundering
• Identity fraud – an understanding of common types of identity fraud and the importance of effective KYC processes to mitigate such fraud
• Credit card fraud – an appreciation of the diminishing and accentuating factors of credit card risks and an overview of risk mitigation strategies
• Other types of fraud – chip dumping and collusion, and manipulation of digital data including the replication of products, features, or portals to mimic those of well-renowned operators and deceive players into depositing their funds
• The under-reporting of fraudulent activity – reasons for under-reporting and the benefits of moving towards increased reporting
• The importance of collaboration – a look into the features and benefits of a collaborative cross-departmental strategy
• Red flags – an identification of common red flags indicating fraudulent activity throughout the stages of the player’s life cycle including registration, identification, verification and ongoing monitoring
• Case studies.

CPE Hours: This course qualifies for 2 hours of Structured CPE which can be classified as Professional Competency. A certificate of attendance will be provided at the end of the session.

Trainer:

Turban Banerjee, Manager, Risk Consulting Advisory Services, KPMG in Malta

Turban is a Bachelor of Technology graduate and has over 12 years of experience in the Financial Services industry with specialisation in Anti-Money Laundering (“AML”), KYC, Sanctions Screening, Compliance, Project Management, Quality Assurance, Funds Administration, Banking Operations (Transfer Agency), Management and Leadership. Turban has experience in working with teams, clients, and locations globally (India, London, Ireland, and Malta). Turban is a certified Six Sigma Green Belt and a certified Mental Health Aider. Turban joined KPMG Malta in March 2022 and currently working as a Manager – AML within the Risk Consulting Advisory Services Department. Turban has a keen interest in AML/CFT and currently pursuing Certified Anti-Money Laundering Specialist “CAMS” certification to supplement the existing knowledge and experience in the field of AML and Compliance and is also an active member of the Association of Certified Anti-Money Laundering Specialists “ACAMS”. Within his role at KPMG, Turban assists local and foreign companies in the testing of their AML/CFT-related policies, procedures, and controls. Turban has independently worked on Customer Due Diligence “CDD” reviews and remediation engagements. He has also assisted a local bank to abide by the EU Intermediate Parent Undertaking (“IPU”) requirements and align its policies and procedures with its parent company. Prior to joining KPMG, Turban was an AML Manager with an Investment Services Firm, supervising a team of AML officers/supervisors across Mata and Bulgaria. Key responsibilities included investor/clients onboarding in line with the AML laws and legislations and the Company’s policies & procedures. Turban is specialised in onboarding complex structures which includes legal entities such as trusts, foundations and private companies. Turban also has experience in registration, client account reconciliation, and working in line with client money regulatory requirements which he gained over the years working within the financial services industry.

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