Citi organises AML and Sanction session on Foreign Correspondent Banking

Citi Sri Lanka hosted a workshop for banking sector compliance officers on Anti Money Laundering (AML) and Sanctions Components on Foreign Correspondent Banking. 

Kristine Howse Director County Cluster Head, AML conducted the session attended by some 18 compliance officers from the local banking sector. Howse, who specialises in AML, shared Citi’s Global Anti-Money Laundering (AML) Program, Know Your Customer (KYC) best practices, AML examination and audits, customer due diligence and transaction monitoring. She also spoke on the components that enable a strong AML culture within a correspondent banking relationship. 

The half-day session held earlier this week was well received by attendees as they exchanged views and experiences with Citi’s regional resource through active participation. The overall program emphasised on the importance of strong AML culture and strong governance structure at all levels of the organisation inclusive of all stakeholders.

Commenting on the event, Citi Country Officer for Sri Lanka Ravin Basnayake said, “Citi is committed to promoting a strong compliance culture within Sri Lanka’s financial sector. This event allows us to share best practices from around the world with our clients and stakeholders.”