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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 understanding their operational mechanisms
- The criminalization of Money Laundering and Terrorist Financing, including the specific offenses covered under Financial Crime Prevention laws
- The evolution of Money Laundering from drug trafficking to corruption and terrorism
The Global Response to AML and CTF
- The international community’s reaction to AML and CTF following 9/11
- A detailed look at the Financial Action Task Force (FATF), including:
- Membership structures (including specific national memberships where applicable)
- The core 40 Recommendations for AML and the additional 9 Recommendations for CTF
- The impact of FATF on domestic and international legislation
Adherence to Anti-Money Laundering Laws
- Overview of international legislation and local laws relevant to the course delivery location
- Comparison with UK Regulations and Legislation, specifically the Proceeds of Crime Act 2002 (POCA)
Compliance Strategies
- Implementation of internal controls, procedures, and policies
- Collaboration with regulatory authorities and governing bodies
- Adherence to Know Your Customer (KYC) and Identification and Verification (ID&V) standards
- Strategic implications for client relationships and human resources
Detecting and Reporting Suspicious Transactions
- Understanding legal obligations
- Methods for identifying suspicious financial transactions
- Protocols for internal and external reporting of suspicious activities
Techniques for Detecting Money Laundering
- Strategies for prevention, detection, and conducting due diligence
- Utilization of early-warning systems
Future Perspectives
- Identifying current hot spots in financial crime
- Outlook on the future of AML and CTF regulations
Other Key Areas of Financial Crime
- Fraud prevention
- Information security protocols
- Market manipulation and insider trading
- Sanctions compliance
Requirements
None.
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.