Anti Money Laundering-AML + Counter Financing Terrorism -CFT

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Anti Money Laundering-AML + Counter Financing Terrorism -CFT

When the proceeds of crime find their way into the formal economy via a web of transactions designed to conceal their true origins, this is money laundering.

Learning Objectives
This course will prepare your employees to:

• Define what money laundering and terrorist financing are
• Recognise their legal obligation to prevent money laundering and terrorist financing
• Explain your Company’s policies and procedures for preventing money laundering and terrorist financing
• Conduct proportionate risk-based Customer Due Diligence
• Spot common red flags and take appropriate action
• Know when and how to seek advice and report suspicions of money laundering or terrorist financing
• Ensure that they don’t to tip-off anyone suspected of money laundering or terrorist financing

Course Audiance

This course is suitable for senior managers with responsibility for, or involvement in, the development or implementation of Anti-Money Laundering policies and procedures. It will also highly benefit financial officers, financial controllers, accountants, Money Laundering reporting officers, compliance officers, managers, auditors and staff with duties requiring Anti-Money Laundering compliance.

Course Key Learning

Module-1 Introduction to Anti-Money Laundering (AML) – Countering the Financing of Terrorism (CFT)

• Money Laundering Introduction
• How Money is Laundered
• How Anti Money Launding Can Help Banks, Governments, Regulators and Financial Institutions?
• Importance of Anti Money Launding

Module-2 Stages of Money Laundering:

• Understanding Stages of AML ?
• Placement
• Layering
• Integration

Module-3 AML & Financing of Terrorism

•  The consequences of money laundering and terrorist financing
• What is the proliferation of weapons of mass destruction?

What are international sanctions?

Module-4 Understanding AML and Financing Terrorism Tools and Techniques

• Structuring
• Bulk Cash Smuggling, Gold
• Money Service Businesses
• Money Orders, Money Service Business
• Regulations Involving Money Service Businesses
• Wire Transfers, Casinos, Trade-Based Money Laundering,
• Over- and Under-Invoicing of Goods, Black Market Peso Exchange
• Underground Banking System (Hundi/Hawala)
• Cyber Banking, Smart Cards, Digital Banking, ATMs,  Prepaid Cards, Credit Cards
• Real Estate
• Cash-Intense Business
• Insurance
• Digital Currencies
• Reverse Money Laundering and Terrorist Financing

Module-5 The Importance of Know Your Customer (KYC)
– Identifing customer information and data
– Due Deligience Process
– Why KYC important and help AML?
– Elements of a KYC Program
– KYC Check List

Module-6 Risks Assesment, Monitoring and Compliance

• Business Risk Assessment
• Technological Developments Risk Assessment
• Operational risks, Customer Risk Assessment
• Customer, Data and Ongoing Monitoring Process
• Compliance Culture
• Risk Based Approach
• Assessing Compliance with Risk Based Approach

Module-7  Regulatory Frameworks Introduction

• SECP’s Anti Money Laundering and Countering Financing of Terrorism Regulations,
  2018.
•  SBP’s Anti Money Laundering and Combating the Financing of Terrorism
• Know the relevant sections of THE ANTI-TERRORISM ACT, 1997

Module-8 International Monitoring and Regulatory Agencies Compliances and Case Studites

• FATF AML/CFT Guideliens Introduction
• Asia Pacific Group (APG) on Money Laundering
• UNSC Resolution on Terrorist Financing
• AML Case Studies

AML Practice Exam Dumps

Certified Anti-Money Laundering Specialist Exam Dumps Prep Test

Job Interview Questions & Answers

• Job Interview Checklist
• General Job Interview Questions
• What to Wear for Best Job Interview Attire
• Behavioral Interview Questions
• Job Interview Best Tips
• Software Engineering Jobs Interview Questions and Answers
• Information Technology (IT) Job Interview Questions

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