Course Description
This intensive 5-day program provides a comprehensive overview of anti-money laundering (AML) principles, regulations, and best practices. Participants will gain in-depth knowledge of AML frameworks, risk assessment techniques, customer due diligence procedures, and transaction monitoring systems. The course combines theoretical concepts with practical case studies to ensure a thorough understanding of AML compliance.
Learning Objectives
- Understand global AML regulations and their impact on financial institutions
- Develop skills to identify and assess money laundering risks
- Master customer due diligence and enhanced due diligence procedures
- Learn effective transaction monitoring and suspicious activity reporting techniques
- Gain insights into emerging AML trends and challenges
Course Modules
Day 1: Introduction to AML and Regulatory Framework
- Overview of money laundering concepts and techniques
- Global AML regulations and standards (FATF, EU directives, USA PATRIOT Act)
- Role of financial institutions in combating money laundering
- AML compliance program components
Day 2: Risk Assessment and Customer Due Diligence
- AML risk assessment methodologies
- Customer risk profiling and categorization
- Customer due diligence (CDD) and enhanced due diligence (EDD) procedures
- Politically exposed persons (PEPs) and high-risk customers
Day 3: Transaction Monitoring and Suspicious Activity Reporting
- Transaction monitoring systems and techniques
- Red flags and typologies of suspicious activities
- Suspicious activity report (SAR) filing requirements and procedures
- Case management and investigation processes
Day 4: AML Compliance Program Implementation
- Developing AML policies and procedures
- Training and awareness programs for staff
- Internal controls and audit processes
- Technology solutions for AML compliance
Day 5: Emerging Trends and Challenges in AML
- Virtual assets and cryptocurrency regulations
- Trade-based money laundering schemes
- Sanctions compliance and screening
- AML in the context of financial technology (FinTech) and regulatory technology (RegTech)
Practical Wins for Participants
- Ability to design and implement robust AML compliance programs
- Enhanced skills in identifying and mitigating money laundering risks
- Improved efficiency in conducting customer due diligence and transaction monitoring
- Up-to-date knowledge of global AML regulations and emerging trends
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
