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Duration 14 hours
Course Outline
Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF)
- Foundations of Money Laundering and Terrorist Financing
- Defining AML and CTF: mechanisms and operations.
- The legal criminalization of Money Laundering and Terrorist Financing, including offenses covered under Financial Crime Prevention laws.
- The evolution of Money Laundering from drug trafficking to corruption and terrorism.
Global Responses to AML and CTF
- The international community’s actions following the 9/11 attacks.
- Focus on the Financial Action Task Force (FATF):
- Membership structures (including specific national memberships).
- The 40 Recommendations on AML and the additional 9 Recommendations on CTF.
- FATF’s impact on domestic and international legal frameworks.
Adherence to Anti-Money Laundering Laws
- International regulations and local laws applicable in the course delivery location.
- Comparison with UK regulations, specifically the Proceeds of Crime Act 2002 (POCA).
Compliance Frameworks
- Establishing internal controls, procedures, and policies.
- Collaboration with regulatory bodies and law enforcement.
- Implementation of Know Your Customer (KYC) and Identification and Verification (ID&V) standards.
- Strategic implications for client relationships and human resource management.
Identification and Reporting of Suspicious Activities
- Legal obligations regarding disclosure.
- Techniques for identifying suspicious transactions.
- Procedures for internal and external reporting.
Detection Methodologies for Money Laundering
- Strategies for prevention, detection, and due diligence.
- Utilizing early-warning systems.
Future Outlook
- Identifying current areas of high risk.
- Trends and future directions in AML and CTF.
Additional Financial Crime Areas
- Fraud prevention.
- Cybersecurity and information protection.
- Market manipulation and insider trading.
- International 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.
