Anti-Money Laundering (AML)
Compliance Masterclass

INTRODUCTION

This Anti-Money Laundering (AML) Compliance Training Course is designed to develop the essential skills necessary to enable you to understand how to support your company in Anti-Money Laundering and countering terrorist finance and how to prevent, detect, and report money laundering activities.

This training course covers regulatory environment and focus on the importance of Know your Customer (KYC), the importance of Customer Due Diligence (CDD), sanctions monitoring and the role of the Money Laundering Reporting Officer in practical terms. You will learn about studying the AML risks involved in emerging industry sectors.

This is an intensive and highly practical AML training course qualifying you to become proficient in the Anti-Money Laundering process and the laws that make it a crime. It will raise awareness of financial crime risks, global laws and regulations, laws and regulations applicable to your jurisdiction, and the systems and controls aimed at detecting and preventing financial criminal acts.

This Anti-Money Laundering Compliance Training Course also covers several topics regarding the nature of the services and products offered by the financial services industry (namely managing, controlling and possessing money and property belonging to others) means that it is vulnerable to abuse by money launderers and the aspects of money laundering and initiatives undertaken to combat terrorism including regulations that govern financial institutions.

Objectives

By the end of this Anti-Money Laundering (AML) Compliance Training Course, you will be able to understand:

• The process of Money Laundering
• Regulations applicable to firms / banks
• FATF roles in Anti-Money Laundering
• The penalties for non-compliance with AML legislation
• How Anti-Money Laundering and Countering Terrorist Financing (CTF) might be prevented?
• How to define the ways in which a Firm / Bank and its staff should protect themselves against the risks of Money Laundering and Terrorist Financing?
• Due diligence measures to deter money laundering and terrorist financing
• The “red flags” might help you to identify, prevent and report any (suspicious or actual) criminal activity
• The implications of offshore financial center on ML

Training Methodology

Participants to this Anti-Money Laundering (AML) Compliance training course will receive an overview of the best practices of competing Anti-Money Laundering and terrorist finance.  The training methodology includes case studies, group live instruction, presentation and ongoing discussion of worked examples, videos, group discussion and interactive participation is encouraged.

Organisational Impact

This training course is of direct relevance to Anti-Money Laundering (AML) and as a result the organizations will benefit greatly from their employee’s participation. The organization will gain from:

• Heightened efficiency in assisting the Anti-Money Laundering (AML) squad
• Increased pertinence and dependability in regulatory analysis
• Sharper strategic cognition and emphasis on output
• Enhanced efficacy in identifying high-risk markers
• Equipping staff for escalated accountability

Personal Impact

This Anti-Money Laundering (AML) Compliance Training Course will be of personal benefit to delegates by providing you with:

• Comprehending Money Laundering, Terrorist Financing, and Sanctions
• Exposing the susceptibilities of financial institutions to money laundering and terrorist financing
• The architecture of legal and regulatory guidelines regarding anti-money laundering and combating terrorist financing
• Management responsibilities and adopting a risk-infused strategy towards money laundering and terrorist financing
• In-depth cognizance of industry methodologies, challenges, and remediation
• Heightened assurance and comprehension to execute tasks effectively
• Boosted self-belief and enthusiasm in the work environment
• Enhanced job fulfilment through providing top-notch support to management
• Improved capability to oversee, nurture and inspire team members
• The composition of the Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF) framework in your area of jurisdiction
• Your role within the Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF) framework
• Particular remittance service setups and correspondent banking
• Mandated reporting of specific transactions and record preservation
• The implications for non-adherence to your responsibilities.

WHO SHOULD ATTEND?

This GLOMACS Anti-Money Laundering (AML) Compliance Training Course is designed to deliver the knowledge and skills, providing details of the latest policies and procedures to:

• Staff with specific anti money laundering duties
• Anti-Money Laundering (AML) / Compliance Professionals
• Senior Management
• All Staff working in financial services who want an introduction to anti money laundering
• Anyone who works within the regulated financial sectors, or to a career in anti-money laundering or fraud prevention
• Consultants
• Treasury Managers
• Auditors
• Lawyers
• Regulator or Advisor of Product / Services
• Credit Managers