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Course Outline
Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
- Foundations of Money Laundering and Terrorist Financing
- Defining AML and CTF: mechanisms and operations
- The criminalization of Money Laundering and Terrorist Financing, including the types of offenses covered under Financial Crime Prevention laws
- The evolution of Money Laundering from drug trafficking to corruption and terrorism
Global Response to AML and CTF
- The international community's approach to AML and CTF following the events of 9/11
- Focus on the Financial Action Task Force (FATF):
- Membership structures (potentially including specific country memberships)
- The 40 AML Recommendations and the additional 9 Recommendations concerning CTF
- The FATF's impact on domestic and international regulatory frameworks
Adhering to Anti-Money Laundering Laws
- Global legislation and the specific laws applicable to the country where the course is hosted
- UK Regulations and Legislation (for benchmarking purposes): primarily The Proceeds of Crime Act 2002 (POCA)
Compliance Approaches
- Establishing Internal Controls, Procedures, and Policies
- Collaborating with Regulatory Bodies and Authorities
- Know Your Customer (KYC) and Identification and Verification (ID&V) requirements
- Strategic, Client Relationship, and HR implications
Identifying and Reporting Suspicious Activity
- Legal obligations
- Detecting suspicious transactions
- Internal and external reporting protocols for suspicious transactions
Techniques for Detecting Money Laundering
- Prevention, detection, and due diligence practices
- Implementing Early-Warning Systems
Future Perspectives
- Identifying current "hotspots" in financial crime
- Future trends and developments in AML/CTF
Other Key Areas in Financial Crime
- Fraud prevention
- Information Security
- Market Abuse and Insider Trading
- 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.
