Workshops

Anti-Money Laundering

Introduction

"A must course for every professional in today's world, learn about What is (AML) Anti-Money Laundering, Various stages of Money Laundering and how criminal organizations disguise & convert their dirty money into clean money to avoid detection from regulatory bodies, learn about (CFT) Countering Financing of Terrorism, identify key differences between the flow of (ML) Money Laundering and (TF) Terrorist Financing methods and keep yourself and your organization protected from Money Laundering & Terrorist Financing Abuse. Understand the importance of (KYC) Know Your Customer & (KYCC) Know Your Customer's Customer requirements, learn about compliance requirements for individual/personal customers and corporate customers, Learn about UBO's(Ultimate Beneficial Owners) and what supporting documents are to be collected based on international best practices. Learn how to identify and write suspicious activity and transaction reports, effectively learn about identifying suspicious activities of customers, and report proactively to assist regulatory bodies. understand who is a PEP/FPEP (politically Exposed Persons/Foreign Politically Exposed Persons) and when & how to conduct EDD(Enhanced Due Diligence). This course will help you manage Regulatory Expectations proactively and secure your profession, your organization & businesses from the Risk of Money Laundering & Terrorist Financing abuse.

 

This course is for anyone who is working & aspiring for a career into Financial Industry including Banking, Payments, Transaction Banking, FI's, MSB's, MTO's, Foreign Exchange, Wealth Management industry, ideal for beginners and also for mid & senior-level professionals, to understand about ANTI MONEY LAUNDERING AND COUNTERING OF TERRORIST FINANCING subject with [proper clarity, the knowledge gained can help professionals to sustain & upgrade future career growth."

Why Anti-Money Laundering?

Upon completing the course, you will learn:
To be aware of AML/CFT (Anti Money Laundering /Countering of Terrorist Financing) subject and its implications, they will be able to understand the importance of Regulatory Expectations, how to work towards avoiding ML/TF abuse as an Industry professional.
Identifying various Risk's associated from a perspective of ML/TF abuse you will be more alert to fight against the ML/TF abuse while making a significant contribution to the financial Institution you work with.

Content

What is Money Laundering - Explanation 
Stages of Money Laundering 
What is Terrorist Funding? Identify the difference between ML & TF 
Why are Countries & Governments Concerned? Risk's for banks/FI's and You 
What is KYC (Know Your Customer) and KYCC (Know Your Customer's Customer)
What is Enhanced Due Diligence (EDD)? When to apply EDD? What is PEP's/FPEP's 
RBA Framework & Suspicious Transaction Report (STR's). How to identify & report 
Few indicators of money laundering 
Conclusion 

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