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Schedules Introduction Objectives Training Methodology Organisational Impact Personal Impact Who Should Attend? Outline
Course Schedule
Date Venue Fees
05 - 09 Jun 2023 Dubai - UAE $5,950
17 - 21 Jul 2023 London - UK $5,950
28 Aug - 01 Sep 2023 Doha - Qatar $5,950
06 - 10 Nov 2023 Dubai - UAE $5,950
Course Description

Introduction

Demand for AML/CFT professionals is increasing daily due to increasing legal complexity. Moreover, the way financial transactions are done has fundamentally changed since the COVID-19 outbreak. Non-face-to-face transactions have increased and user convenience has increased, but so have virtual money laundering, online fraud, and concealment of actual beneficiaries. Additionally, businesses will have to adopt entirely new types of technology such as e-KYC, machine learning, and automated risk assessment. 

New innovations are rapidly being developed to increase efficiency in the areas of anti-money laundering and combating the financing of terrorism. At the same time, the organization lacks enough anti-money laundering experts to understand these challenges. Therefore, rest assured that the demand for anti-money laundering professionals will continue to grow.  This training course will teach everything needed to know about the CAMS exam.

Objectives

Financial crime has been a hot topic in recent years, and compliance has been in the spotlight. CAMS is an established global qualification that outlines the key principles of money laundering and prevention. Individuals and teams can be certified as anti-money laundering specialists in as little as four months. CAMS guides you to:

  • Foster a top-down culture of compliance
  • Demonstrate commitment to a standardized, risk-based approach
  • Meet mandatory AML training requirements
  • Reward and retain top talent
  • Protect yourself more effectively from financial and reputational damage
  • Integrate into the international Anti Financial Crime mechanism

Training Methodology

This training course about ‘Certified Anti Money Laundering Specialist - CAMS’ is structured upon instructions on the latest developments in Anti Financial crime which is combined with real-world case studies, video adaptations, self-assessments, participatory discussions, and many exercises to make the training course a stimulating and enriching learning experience

Organisational Impact

Organizations will gain the following benefits;

  • High level of Anti Financial Crime competence acquired
  • Better perform a successful compliance
  • Centralize and automate risk assessments
  • Streamline anti-money laundering (AML)
  • Combating the finance of terrorism (CFT) across all business units and geographies

Personal Impact

By attending this Certified Anti Money Laundering Specialist Training Course, you will gain the skills that enable you to:

  • Show researchers that your institution has expertise in AML
  • Help reduce business risk
  • Improve employee skills
  • Protect yourself more effectively from financial and reputational damage
  • Understand the CAMS Exam process

Who Should Attend?

Anyone can benefit from this Certified Anti Money Laundering Specialist training course and improve his/her anti-money laundering knowledge to add value, and specifically the following roles:

  • Anti-Money Laundering Officers
  • Money Laundering Reporting Officer - MLRO
  • Compliance Officer/Manager
  • AML Compliance Staff Members
  • Compliance Analyst
  • Auditors
  • Audit Managers
  • Risk Managers
  • Quality Assurance Managers
  • Cyber Security Officers
Course Outline

DAY 1

Risks and Methods of Money Laundering and Terrorist Financing

  • What is money laundering?
  • The money laundering cycle
  • Economic and social consequences of money laundering
  • Methods of money laundering
  • Non-financial businesses & professions
  • Trade-based money laundering
  • Informal value transfer systems
  • New payment methods & corporate vehicles
  • Terrorist financing & money laundering

DAY 2

International AML Standards

  • Financial action task force
  • 40 recommendations
  • Regional FATF style bodies
  • The Basel committee
  • Customer due diligence for banks
  • Consolidated KYC risk management
  • The Wolfsberg group

DAY 3

International AML Standards

  • Wolfsberg AML principles on private banking
  • Wolfsberg AML principles for correspondent banking
  • Egmont group
  • 3rd & 4th EU directives
  • Key US PATRIOT act sections
  • OFAC

DAY 4

AML/CFT Compliance Programs

  • AML/CFT program objectives
  • A risk-based approach
  • Customer
  • Products and services
  • Geography
  • The basic elements of an AML/CFT compliance program
  • Compliance culture
  • CDD & beneficial ownership
  • Transaction monitoring and reporting

DAY 5

Conducting and Supporting Investigations

  • Common investigation initiators
  • Responding to a law enforcement investigation
  • Subpoenas
  • Search warrants
  • Internal investigations
  • Investigations initiated by law enforcement
  • FATF international cooperation
  • Financial Intelligence Units (FIU)
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
  • Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

In Association With

Oxford Management Centre

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

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