Anti-Money Laundering (AML) Compliance Master Class

INTRODUCTION
The Anti-Money Laundering (AML) Compliance Master class, offered, is designed to develop the essential skills necessary for attendees to understand how to support their companies in anti-money laundering and countering terrorist finance. This intensive and efficient training course will equip participants to prevent, detect, and report money laundering activities. The course covers the regulatory environment, focusing on the importance of Know your Customer (KYC) practices, Customer Due Diligence (CDD), sanctions monitoring, and the Money Laundering Reporting Officer role.

OBJECTIVES
By the end of this Anti-Money Laundering (AML) Compliance Master class training course, you will be able to understand:
• The process of Money Laundering
• Regulations applicable to firms / banks
• FATF roles in Anti-Money Laundering
• The penalties for non-compliance with AML legislation
• How Anti-Money Laundering and Countering Terrorist Financing (CTF) might be prevented?

COURSE OUTLINE
DAY 1
• Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
• Why the Current Focus on Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)?
• Money Laundering & the Financing of Terrorism Definitions
• Differences and Similarities between Money Laundering and Terrorist Financing
• Key Stages of Money Laundering
• Typologies & Techniques of Money Laundering

DAY 2
• The International Organizations of Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)
• The International bodies’ response to Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
• The International Measures to Prevent Money Laundering and Financing of Terrorism
• The Complex and Interrelated Risks with Respect to Money Laundering and Sanctions

DAY 3
• Compliance Strategies
• Jurisdiction Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
• Laws and Regulations
• The Requirements for Robust Anti-Money Laundering Operations, Internal Controls, Procedures and Policies
• Cooperation with the Authorities and the Regulators
• Know Your Customer (KYC) and ID&V Rules
• Tipping-off

DAY 4
• Recognizing and Reporting Suspicious Transactions
• Statutory Obligations
• Identifying Suspicious Transactions
• Internal and External Reporting of Suspicious Transactions
• The Role of the MLRO

DAY 5
• Money Laundering Detection Techniques
• Prevention, Detection and Due Diligence
• Early-Warning Mechanisms
• Designing Money Laundering and Terrorist Financing Risk Assessments
• Applying Know Your Customer (KYC) & Customer Due Diligence (CDD )