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 Preparation (Soft Skills Questions & Answers)

🎥 Your FREE eLEARNING Courses (Click Here)

Internships, Freelance and Full-Time Work opportunities

Flexible Class Options

Week End Classes For Professionals SAT | SUN
Corporate Group Trainings Available
Online Classes – Live Virtual Class (L.V.C), Online Training

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