Thank you for sending your enquiry! One of our team members will contact you shortly.
Thank you for sending your booking! One of our team members will contact you shortly.
Duration 14 hours
Course Outline
Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT)
- Foundations of Money Laundering and Terrorist Financing
- Defining AML and CFT and understanding their operational mechanics
- The criminalization of Money Laundering and Terrorist Financing, including specific offenses covered under Financial Crime Prevention legislation
- The evolution of Money Laundering schemes from drug trafficking to corruption and terrorism
Global Response to AML and CTF
- International community responses to AML and CFT following the 9/11 attacks
- Focus on the Financial Action Task Force (FATF):
- Overview of membership categories (including specific country memberships where applicable)
- Review of its 40 Recommendations for AML and additional 9 Recommendations for CFT
- The FATF's influence on domestic and international legislative frameworks
Compliance with Anti-Money Laundering Laws
- International legal standards and local legislation relevant to the course delivery location
- Comparison with UK regulations and legislation, primarily the Proceeds of Crime Act 2002 (POCA)
Compliance Strategies
- Establishing internal controls, procedures, and policies
- Collaborating with regulatory authorities and oversight bodies
- Implementing Know Your Customer (KYC) and Identification and Verification (ID&V) protocols
- Strategic implications for client relationships and human resource management
Identifying and Reporting Suspicious Transactions
- Meeting statutory obligations
- Techniques for identifying suspicious transactions
- Processes for internal and external reporting of suspicious activities
Money Laundering Detection Techniques
- Approaches to prevention, detection, and due diligence
- Utilizing early-warning mechanisms
Future Perspectives
- Current hotspots in financial crime
- Anticipated developments and future directions for AML/CFT
Additional Financial Crime Areas
- Fraud prevention
- Information security
- Market abuse and insider trading
- Sanctions compliance
Requirements
No prior prerequisites are required.
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.
