Course Description
Anti Money Laundering provides an excellent knowledge of anti-money laundering and is a good basis to know more about money laundering and how to prevent it.
What Do Participants Learn?
- Understanding money laundering, terrorist financing, and sanctions
- Vulnerabilities of financial institutions to money laundering and terrorist financing
- Anti-money laundering and combating terrorist financing in practice
- Legal and regulatory structures
- Management obligations and the risk-based approach to money laundering and terrorist financing
Who Should Attend?
- Staff with specific anti-money laundering duties
- All staff working in financial services who want an introduction to anti-money laundering
- Anyone who aspires to a career in anti-money laundering or fraud prevention
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Section One: Understanding Money Laundering, Terrorist Financing, and Sanctions
What is money laundering?
Why is money laundered?
How is money laundered?
What crimes generate a property that
can be laundered?
- What forms of property can be
laundered?
What is terrorist financing?
How does terrorist financing differ
from money laundering?
An insight into why these are
important
Which sanctions lists should you use?
Section Two: Vulnerabilities of Financial Institutions to Money Laundering and Terrorist Financing
- Money laundering and terrorist financing vulnerabilities of financial services
- Emerging technologies and new payment methods
Section Three: Anti Money Laundering and Combating Terrorist Financing in Practice
- Identifying money laundering and
- terrorist financing activity
- Customer Due Diligence (CDD)
- Simplified Due Diligence
- Enhanced Due Diligence
- Unwrapping beneficial ownership
- Politically Exposed Persons (PEPs)
- Monitoring client activity
- Reporting suspicious activity
- Client confidentiality
- Handling the risk of tipping off
Section Four: Anti Money Laundering and Combating Terrorist Financing – Legal and Regulatory Structures
- The Financial Action Task Force (FATF)
- The European Money Laundering
- Directives (MLD)
- Legislative and regulatory regimes
- Anti-money laundering and terrorist
- financing legislation
- Offenses of money laundering
- The legal obligation to report suspicious
- activity
Section Five: Management Obligations and the Risk-based Approach to Money Laundering and Terrorist Financing
- Risk-based approach
- Formulating anti-money laundering
- and terrorist financing policies and
- procedures
- Monitoring compliance with the policy
- Resources
- Culture