Board: Oversight and Responsibilities in AML Compliance

This practical, six-module course guides Swiss private bank Board members in exercising effective audit and financial reporting oversight under FINMA expectations. Moving beyond passive oversight, it delivers actionable takeaways detailing what to approve, receive, challenge, and minute. Directors learn to ensure internal audit independence, govern external auditor relationships, and critically evaluate accounting judgments to reflect the bank’s true financial standing.

The course covers the topics:
– Governance architecture and board responsibilities
– Internal audit: Independence and effective oversight
– External audit: Relationship, independence and the private session
– Financial statements and disclosure: Board-level challenge
– Accounting Judgments: Where risk lives in the Numbers
– Capital adequacy: ICAAP and board-accountability