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Course Outline
Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CTF)
- Fundamentals of Money Laundering and Terrorist Financing
- Defining AML and CTF and understanding their mechanisms
- The legal criminalization of these activities and the scope of Financial Crime Prevention laws
- The evolution of Money Laundering from narcotics to corruption and terrorism
Global Responses to AML and CTF
- International initiatives following the 9/11 events
- Focus on the Financial Action Task Force (FATF):
- Membership classifications (including potential discussions on specific national memberships)
- The 40 AML Recommendations and the additional 9 CTF Recommendations
- The organization’s impact on both domestic and global regulatory frameworks
Adhering to Anti-Money Laundering Laws
- Global regulatory standards and local legislation applicable in the course’s delivery region
- United Kingdom regulations for comparative analysis, specifically The Proceeds of Crime Act 2002 (POCA)
Strategies for Compliance
- Establishing internal controls, operational procedures, and corporate policies
- Collaboration with regulatory bodies and law enforcement
- Implementing Know Your Customer (KYC) and Identification and Verification (ID&V) protocols
- Evaluating the impact on business strategy, client interactions, and human resource management
Detecting and Reporting Suspicious Transactions
- Legal mandates for reporting
- Methods for identifying potentially suspicious transactions
- Processes for internal and external disclosure of suspicious activity
Techniques for Detecting Money Laundering
- Approaches to prevention, detection, and conducting due diligence
- Utilizing early-warning systems
Future Trends
- Identifying current critical areas of concern
- Forecasting the next steps in AML and CTF efforts
Additional Areas of Financial Crime
- Fraud
- Information Security
- Market Manipulation and Insider Trading
- Sanctions Compliance
Requirements
No prior experience or qualifications 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.
