Accueil > Compliance in Private Banking

KBAM 2020 - Compliance in Private Banking

Type d'enseignement : Seminar

Semester : Spring 2017-2018

Number of hours : 12

Language of tuition : English

Pre-requisite

aucun

Course Description

The purpose of the compliance and regulation course is to provide students with the understanding of compliance and regulations rules applicable to the private banking activities, and their impact on the core business of the private banker. These compliance and regulation includes both financial crime and client protection rules.

Teachers

FAURE, Anne-Laure (In charge of Social Innovation & Sustainability, Academic Advisor in Master Financial Regulation & Risk Management and in Master Private Banking & Wealth Management, School of Management and Innovation, Sciences Po)

Pedagogical format

There will be 6 sessions of 2 hours each dedicated to the explanation and the illustration of the Compliance matters, during which students will be encouraged to participate. We will share the slides that will be used to present the key principles and details of compliance rules.

Course validation

The validation of the course will be assessed both by participation at the course lessons, and by fact sheets/case study realized by group of students (either sent to the teacher or presented to the class).

Workload

Students work will be mainly concentrated on the course sessions and the knowledge of the contents + the mandatory readings mentioned during or just before the courses. Also, fact sheets realized in groups of students will have to be sent to the teachers for the validation of the course or presented to the class.

Required reading

  • For Financial Crime Course Sessions:
  • The risk of banking with high-net-worth individuals : http://files.acams.org/pdfs/2016/The_Risks_of_Banking_with_HNWIs_S_Banu.pdf
  • Lignes directrices relatives à la lutte contre le blanchiment des capitaux et le financement du terrorisme dans le domaine de la gestion de fortune : https://acpr.banque-france.fr/sites/default/files/media/2017/07/27/201403-ld-gestion-de-fortune.pdf
  • Directive 2015/849 of the European Parliament and of the Council on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing : http://eur-lex.europa.eu/legal content/EN/TXT/HTML/?uri=CELEX:32015L0849&from=EN
  • Before Client Protection sessions, additional reading may be send to students.

Additional required reading

  • To go further:
  • History of AML Laws in the USA : https://www.fincen.gov/history-anti-money-laundering-laws
  • History of AML and FT in the EU : https://www.anti-moneylaundering.org/Europe.aspx
  • About Active Sanctions Programs :https://www.treasury.gov/resource-center/sanctions/Programs/Pages/Programs.aspx