Feb 2, 2017 - means Standard Chartered Bank and each of its holding companies, subsidiaries, related ... correspondent b
De-risking through education Introduction to Standard Chartered Correspondent Banking Academy Initiative
Standard Chartered’s unique “De-risking through education” initiative aims to manage the financial crime risk in its correspondent banking portfolio, support growth in emerging markets and promote financial inclusion. The initiative focuses on reducing financial crime risk arising from SC’s dealings with its respondent banks, many of which are based in emerging markets, by educating them on international best practices in financial crime compliance and helping them to strengthen their AML/CTF controls. “DE-RISKING THROUGH EDUCATION” PILLARS Country Academies
Regional Workshop
E-Learning Portal
Launched April 2015
Launched October 2015
Launched June 2015
Full day workshops to create increased awareness of the roles and responsibilities of our respondent banks and to reiterate SC’s Baseline FCC Standards. Designed for a diverse audience of respondent banks’ staff, including front office, operations and compliance. >2000 Participants
1.5 day workshops specifically designed for the senior Compliance officers of our respondent banks.
Online learning portal available in 39 countries with 19 respondent banks utilising the various financial crime risk training modules.
Participants learn and share technical skills with senior SC FCC colleagues, to enhance their FCC control frameworks.
38 Academies
Enrolment and completion statistics shared with respondent banks.
>40
>600
Countries
Respondent Banks
Over 90% of participants would recommend the CB Academies to their institutions Regulators are highly supportive of the CB Academies Local regulators participated in the CB Academies in 13 locations
Testimonials from Compliance Officers “The presenter delivered what we thought we already knew in a different and refreshing way.” “Compliance with regulatory and financial crime laws cannot be over-emphasized at this time...as such this training is coming at no better timing. We are grateful to SCB.” “The opportunity to have interactive discussions and the participation of the attendees allowed us to share new ideas which we look forward to introducing within our bank.”
Recent & Upcoming Events: Dubai MENAP Regional Workshop Singapore ASEAN – South Asia Regional Workshop Johannesburg African Regional Workshop
Countries whose banks have attended a CB Academy
• Regional Workshop for African Banks in Cape Town, South Africa: 23 – 24 November 2016 • Regional Workshop for Middle East, North Africa and Pakistani Banks in Dubai, UAE: 1 – 2 February 2017
Location of a completed Regional Workshop
This communication is issued by SC Group. While all reasonable care has been taken in preparing this communication, no responsibility or liability is accepted for any errors of fact, omission or for any opinion expressed herein. You are advised to exercise your own independent judgment (with the advice of your professional advisers as necessary) with respect to the risks and consequences of any matter contained herein. SC Group expressly disclaims any liability and responsibility for any losses arising from any uses to which this communication is put and for any errors or omissions in this communication. “SC Group” means Standard Chartered Bank and each of its holding companies, subsidiaries, related corporations, affiliates, representative and branch offices in any jurisdiction.
