Anti Money Laundering-AML + Counter Financing Terrorism -CFT
Anti-money laundering (AML) online course has been designed for helping FIU (financial investigation units), prosecutors, investigators, etc. This course gives detailed information about money laundering and financial terrorism that leads to the destruction of a country. It teaches the effects money laundering and financial terrorism have on people and a country. It also defines the field-related terminology, and how to identify the problem areas and the actions that need to be taken in order to complete the tasks. It is a knowledge-based course that is beneficial for finance or mortgage brokers.
Learning Objectives
This course will prepare your employees to:
- Define what money laundering and terrorist financing are
- Recognise their legal obligation to prevent money laundering and terrorist financing
- Explain your Company’s policies and procedures for preventing money laundering and terrorist financing
- Conduct proportionate risk-based Customer Due Diligence
- Spot common red flags and take appropriate action
- Know when and how to seek advice and report suspicions of money laundering or terrorist financing
- Ensure that they don’t to tip-off anyone suspected of money laundering or terrorist financing
Course Audiance
This course is suitable for senior managers with responsibility for, or involvement in, the development or implementation of Anti-Money Laundering policies and procedures. It will also highly benefit financial officers, financial controllers, accountants, Money Laundering reporting officers, compliance officers, managers, auditors and staff with duties requiring Anti-Money Laundering compliance.
Course Key Learning
Module-1 Introduction to Anti-Money Laundering (AML) – Countering the Financing of Terrorism (CFT)
- Money Laundering Introduction
- How Money is Laundered
- How Anti Money Launding Can Help Banks, Governments, Regulators and Financial Institutions?
- Importance of Anti Money Launding
Module-2 Stages of Money Laundering:
- Understanding Stages of AML ?
- Placement
- Layering
- Integration
Module-3 AML & Financing of Terrorism
- The consequences of money laundering and terrorist financing
- What is the proliferation of weapons of mass destruction?
- What are international sanctions?
Module-4 Understanding AML and Financing Terrorism Tools and Techniques
- Structuring
- Bulk Cash Smuggling, Gold
- Money Service Businesses
- Money Orders, Money Service Business
- Regulations Involving Money Service Businesses
- Wire Transfers, Casinos, Trade-Based Money Laundering,
- Over- and Under-Invoicing of Goods, Black Market Peso Exchange
- Underground Banking System (Hundi/Hawala)
- Cyber Banking, Smart Cards, Digital Banking, ATMs, Prepaid Cards, Credit Cards
- Real Estate
- Cash-Intense Business
- Insurance
- Digital Currencies
- Reverse Money Laundering and Terrorist Financing
Module-5 The Importance of Know Your Customer (KYC)
- Identifing customer information and data
- Due Deligience Process
- Why KYC important and help AML?
- Elements of a KYC Program
- KYC Check List
Module-6 Risks Assesment, Monitoring and Compliance
- Business Risk Assessment
- Technological Developments Risk Assessment
- Operational risks, Customer Risk Assessment
- Customer, Data and Ongoing Monitoring Process
- Compliance Culture
- Risk Based Approach
- Assessing Compliance with Risk Based Approach
Module-7 Regulatory Frameworks Introduction
- SECP’s Anti Money Laundering and Countering Financing of Terrorism Regulations,
2018. - SBP’s Anti Money Laundering and Combating the Financing of Terrorism
- Know the relevant sections of THE ANTI-TERRORISM ACT, 1997
Module-8 International Monitoring and Regulatory Agencies Compliances and Case Studites
- FATF AML/CFT Guideliens Introduction
- Asia Pacific Group (APG) on Money Laundering
- UNSC Resolution on Terrorist Financing
- AML Case Studies
Flexible Class Options
- Week End Classes For Professionals SAT | SUN
- Online Classes – Live Virtual Class (L.V.C), Online Training
