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Course Outline
Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CTF)
- Gaining an understanding of Money Laundering and Terrorist Financing
- Defining AML and CTF and understanding their operational mechanics
- The criminalization of Money Laundering and Terrorist Financing, including the types of offenses covered under Financial Crime Prevention laws
- The evolution of Money Laundering from drug-related activities to corruption and terrorism
The International Community’s Approach to AML and CTF
- Global responses to AML and CTF following the events of 9/11
- The role of the Financial Action Task Force (FATF), specifically:
- Membership categories (including specific country memberships)
- The 40 Recommendations on AML and the additional 9 Recommendations on CTF
- The influence of FATF standards on domestic and international legislation
Adhering to Anti-Money Laundering Laws
- International laws and those applicable in the country where the course is delivered
- UK Regulations and Legislation (for comparative purposes), primarily The Proceeds of Crime Act 2002 (POCA)
Compliance Strategies
- Establishing Internal Controls, Procedures, and Policies
- Collaborating with Authorities and Regulators
- Implementing Know Your Customer (KYC) and Identification and Verification (ID&V) rules
- Assessing the impact on Strategy, Client Relations, and Human Resources
Identifying and Reporting Suspicious Transactions
- Meeting Statutory Obligations
- Recognizing suspicious transactions
- Internal and external reporting procedures for suspicious transactions
Money Laundering Detection Methods
- Practices for Prevention, Detection, and Due Diligence
- Implementing Early-Warning Mechanisms
Future Trends
- Current hotspots in the industry
- Future directions for AML and CTF
Other Key Areas in Financial Crime
- Fraud
- Information Security
- Market Abuse and Insider Dealing
- Sanctions
Requirements
No prior knowledge or prerequisites are required.
14 Hours
Testimonials (1)
The trainer did not leave a single minute unexploited! He was up a storm throughout every lesson and provided much material for whatever he dealt with.
