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Course Outline
Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CTF)
- Foundations of Money Laundering and Terrorist Financing
- Defining AML and CTF and their operational mechanisms
- The criminalization of Money Laundering and Terrorist Financing, including the categories of offenses covered by Financial Crime Prevention legislation
- The evolution of Money Laundering from drug trafficking to corruption and terrorism
The Global Response to AML and CTF
- International community initiatives following the 9/11 attacks
- The role of the Financial Action Task Force (FATF), including:
- Membership categories (with potential insights into specific national memberships)
- The 40 Recommendations regarding AML and the additional 9 Recommendations for CTF
- The influence of FATF on both domestic and international legal frameworks
Adhering to Anti-Money Laundering Laws
- Overview of international laws and specific legislation applicable in the course's delivery location
- Reference to UK Regulations and Legislation for comparative analysis, primarily focusing on The Proceeds of Crime Act 2002 (POCA)
Compliance Methodologies
- Establishing internal controls, procedures, and policies
- Collaboration with regulatory bodies and authorities
- Know Your Customer (KYC) protocols and Identification and Verification (ID&V) standards
- Strategic impacts on client relationships and human resources
Identification and Reporting of Suspicious Activities
- Legal obligations for reporting
- Techniques for detecting suspicious transactions
- Procedures for internal and external reporting of suspicious activities
Techniques for Detecting Money Laundering
- Strategies for prevention, detection, and due diligence
- Implementation of early-warning systems
Future Outlook
- Identifying current high-risk areas or "hot spots"
- Predicting the future trajectory of AML and CTF regulation
Additional Financial Crime Areas
- Fraud prevention
- Cybersecurity and Information Security
- Market manipulation and Insider Trading
- International Sanctions compliance
Requirements
No prior requirements.
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.
