Course Overview
Anti-Money Laundering (AML) is critical in the financial and legal sectors, establishing the legal frameworks that require institutions to prevent, detect, and report money laundering activities. Given the nature of financial services—handling, controlling, and safeguarding money and property belonging to others—these institutions are particularly vulnerable to misuse by money launderers.
This program equips participants with the knowledge and practical skills needed to identify risks, ensure compliance with AML/CTF regulations, and protect organizations from financial crime while promoting operational integrity.
Key Features
The training covers essential aspects of AML/CTF compliance:
- Structure of AML/CTF frameworks within your jurisdiction
- Understanding your role and responsibilities within AML/CTF regulations
- Legal obligations, including customer identification and verification
- Designing and implementing AML/CTF programs
- Correspondent banking and designated remittance service arrangements
- Reporting suspicious transactions and maintaining records
- Consequences of non-compliance and regulatory breaches
Learning Objectives
By the end of this course, participants will be able to:
- Explain the process of money laundering and initiatives to combat terrorism financing.
- Understand the impact of offshore financial centers and non-cooperative jurisdictions on money laundering risks.
- Recognize the legal implications and penalties for non-compliance with AML legislation.
- Identify preventive measures against money laundering and terrorist financing.
- Apply key principles for financial institutions to safeguard against criminal activity.
- Protect firms and employees from AML and CTF risks.
- Conduct due diligence and implement effective customer verification processes.
- Recognize “red flags” and other indicators of suspicious or illegal activity.
- Understand broader financial crime risks and emerging threat areas.
Target Audience
This program is suitable for professionals in the regulated financial sectors and organizations handling significant amounts of money, property, or goods. It benefits:
- AML/Compliance Professionals, Auditors, Consultants, Analysts
- Lawyers, Accountants, and Senior Management in financial institutions
- Staff with specific AML responsibilities
- Anyone pursuing a career in fraud prevention, compliance, or financial crime mitigation
- Participants across the global financial services industry involved in operations, advisory, or oversight
Training Methodology
This highly practical and interactive course is based on adult learning principles. Participants will gain knowledge through conceptual inputs, discussions, case studies, and hands-on practice. The course also includes:
- Demonstrations and real-world examples
- Role-plays and simulations
- Group exercises and collaborative learning
- Q&A sessions and actionable planning for return-to-work implementation
Pre- and post-course assessments are conducted to evaluate learning outcomes and participants’ applied skills.
Course Modules
Module 1 – Introduction to AML and CTF
Key Topics:
- The current global focus on AML/CTF
- Money laundering and terrorism financing: similarities and differences
- Evolution of money laundering from drugs to corruption to terrorism
- Vulnerable financial products and services
- Stages and techniques of money laundering
- Local trends in money laundering and emerging risks
- Complex and interrelated financial crime risks
Module 2 – Global Response to AML and CTF
Key Topics:
- International initiatives and regulatory frameworks
- FATF and global standards in combating financial crime
- Customer policies and procedural requirements
- International and local legislation and its applicability
- Roles and responsibilities of front-line staff, AML officers, and compliance teams
Module 3 – Compliance Strategies
Key Topics:
- Local AML/CTF laws and regulations
- Internal controls, policies, and procedures
- Cooperation with regulators and authorities
- Know Your Customer (KYC) and Identification & Verification (ID&V) requirements
- Impact of compliance on business strategy, client relations, and human resources
- Comprehensive review of relevant laws, international standards, and enforcement practices
Module 4 – Recognizing and Reporting Suspicious Activity
Key Topics:
- Statutory obligations and internal reporting procedures
- Identifying high-risk transactions and escalation protocols
- Role of the Money Laundering Reporting Officer (MLRO)
- Record-keeping and documentation requirements
- Practical examples of what to do—and what not to do—when handling suspicious activity
- Monitoring and detection processes
Module 5 – Advanced Money Laundering Detection Techniques
Key Topics:
- Prevention, detection, and due diligence processes
- Early-warning mechanisms and risk assessments
- Applying KYC, Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD)
- Risk management for Politically Exposed Persons (PEPs)
- Screening procedures, fraud prevention, and information security
- Market abuse, insider dealing, and sanctions compliance
- Best practices for banks and financial institutions
