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Duration 14 hours
Course Outline
Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CTF)
- Foundations of Money Laundering and Terrorist Financing
- Defining AML and CTF: mechanisms and operations
- Legal frameworks criminalizing these activities and the scope of Financial Crime Prevention legislation
- The evolution of money laundering from drug-related offenses to corruption and terrorism
Global Responses to AML and CTF
- International community initiatives following the 9/11 attacks
- Focus on the Financial Action Task Force (FATF):
- Membership structures (including specific country memberships)
- The 40 Recommendations for AML and the 9 Additional Recommendations for CTF
- FATF’s influence on domestic and international regulatory frameworks
Adhering to Anti-Money Laundering Laws
- International standards and local legislation relevant to the training location
- UK regulatory context (for comparative purposes): primarily The Proceeds of Crime Act 2002 (POCA)
Implementing Compliance Strategies
- Establishing internal controls, procedures, and policies
- Collaborating with regulatory bodies and law enforcement
- Applying Know Your Customer (KYC) and Identification and Verification (ID&V) protocols
- Strategic implications for client relationships and human resources
Identifying and Reporting Suspicious Activities
- Understanding legal obligations
- Recognizing indicators of suspicious transactions
- Procedures for internal and external reporting
Techniques for Detecting Money Laundering
- Preventive measures, detection methods, and due diligence processes
- Implementing early-warning systems
Future Perspectives
- Current trends and emerging risk areas
- The future trajectory of AML and CTF regulations
Additional Financial Crime Focus Areas
- Fraud prevention
- Information security
- Market manipulation and insider trading
- Sanctions compliance
Requirements
No prior experience or 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.
