A three day seminar (from January 09, 2008 to January 11, 2008) extensively focusing on auditing Operational Risk Management and Anti-Money Laundering Framework in Banks. The seminar is a training event that is mainly directed to Bank Supervisors, Senior Risk Management Executives, Senior Internal Auditors of Banks, Professional Chartered Accountants, Risk Managers and other Risk Management Professionals.

Operational Risk Management in banking has gained substantial recognition in past two years. Operational Risk is present in many different forms and small problems can quickly escalate into major losses if not prevented at source. Any effective control

system must therefore be preventive as well as reactive and must cover all areas of the a bank’s operations. Various clauses of the new Basel II Capital Accord place substantial responsibility on internal/external auditors in respect of review and audit of risk management frameworks of banks. Paragraph 666 of the new Basel II Capital Accord stipulates that "the internal/external auditors must perform regular reviews of the operational risk management processes and measurement systems".

Before you can effectively audit the operational risk management processes and measurement systems, you need to understand the fundamental issues. Bank fraud and money laundering is the third largest industry in the world, worth billions of dollars. Anti-Money Laundering is gaining prominence world over and the Financial Action Task Force as well as the Supervisors have issued directions for audit of Anti-Money Laundering Frameworks implemented at banks.

This seminar will help the participants to demystify the key issues and concepts related to Operational Risk Management in banks. By attending this seminar, you will gain a solid understanding of real issues in auditing Operational Risk Management and Anti-Money Laundering Frameworks. Whether you are a seasoned auditor or just getting started in this field, this seminar would be an invaluable experience. The comprehensive knowledge you will gain during this seminar is not available in any books or reference materials.

• Understand Operational Risk Management in simple and practical way

• Understand the crucial role of Auditors in controlling and mitigating Operational Risk

• Develop the skills to effectively audit Operational Risk Management and Anti-Money Laundering Frameworks

• Learn how to focus on important issues rather than get bogged with trivia

• Bank Supervisors

• Bank Auditors

• Operational Risk Managers

• Anti-Money Laundering and Fraud Prevention Professionals