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Course Outline
Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF)
- Comprehending Money Laundering and Terrorist Financing
- The nature of AML and CTF and their operational mechanisms
- The criminalization of Money Laundering and Terrorist Financing, including the specific offenses covered by Financial Crime Prevention legislation
- The evolution of Money Laundering from drug-related activities to corruption and terrorism
The International Community’s Response to AML and CTF
- Global responses to AML and CTF since 9/11
- A focus on the Financial Action Task Force (FATF):
- Membership categories (including discussions on the membership status of specific countries)
- The 40 Recommendations for AML and the additional 9 Recommendations regarding CTF
- FATF’s influence on both domestic and international regulatory frameworks
Adherence to Anti-Money Laundering Laws
- International legal frameworks and the specific legislation applicable in the country where the course is conducted
- UK Regulations and Legislation (for comparative purposes): primarily The Proceeds of Crime Act 2002 (POCA)
Compliance Approaches
- Internal Controls, Procedures, and Policies
- Collaboration with Regulatory Bodies and Law Enforcement Authorities
- Know Your Customer (KYC) and Identification and Verification (ID&V) Protocols
- Implications for Strategic Planning, Client Relationships, and Human Resources
Identification and Reporting of Suspicious Transactions
- Legal Obligations
- Techniques for recognizing suspicious transactions
- Protocols for internal and external reporting of suspicious activities
Techniques for Detecting Money Laundering
- Prevention, Detection, and Due Diligence processes
- Implementation of Early-Warning Mechanisms
Future Perspectives
- Current "hotspots" in the sector
- The evolving landscape of AML and CTF
Additional Financial Crime Areas of Concern
- Fraud
- Information Security
- Market Abuse and Insider Trading
- Sanctions
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.
