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Course Outline
Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
- Understanding Money Laundering and Terrorist Financing
- Defining AML and CTF: How do these mechanisms operate?
- The criminalisation of Money Laundering and Terrorist Financing, including the types of offences covered under Financial Crime Prevention legislation.
- The evolution of Money Laundering trends, ranging from drug trafficking to corruption and terrorism.
The International Community’s Response to AML and CTF
- An overview of the global response to AML and CTF in the post-9/11 era.
- Focus on the Financial Action Task Force (FATF):
- Overview of FATF membership categories (including insights into specific countries' memberships).
- FATF’s 40 Recommendations on AML and the additional 9 Recommendations on CTF.
- FATF’s impact on domestic and international legislative frameworks.
Compliance with Anti-Money Laundering Legislation
- Review of international legislation and laws applicable to the country where the course is delivered.
- Examination of UK Regulations and Legislation (for comparative purposes), primarily focusing on The Proceeds of Crime Act 2002 (POCA).
Compliance Strategies
- Establishing internal controls, procedures, and policies.
- Cooperating effectively with authorities and regulators.
- Implementing Know Your Customer (KYC) and Identification and Verification (ID&V) protocols.
- Assessing the impact on corporate strategy, client relations, and human resources.
Recognising and Reporting Suspicious Transactions
- Understanding statutory obligations.
- Techniques for identifying suspicious transactions.
- Protocols for internal and external reporting of suspicious activities.
Money Laundering Detection Techniques
- Approaches to prevention, detection, and due diligence.
- Utilising early-warning mechanisms.
The Future of Financial Crime
- Current 'hot spots' in the industry.
- Future trends and developments for AML and CTF.
Other Financial Crime Hotspots
- Fraud
- Information Security
- Market Abuse and Insider Dealing
- Sanctions
Requirements
No prerequisites 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.
