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Course Outline
Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
- Foundations of Money Laundering and Terrorist Financing
- Defining AML and CTF and understanding their operational mechanics
- The criminalization of Money Laundering and Terrorist Financing, including the specific offenses covered under Financial Crime Prevention laws
- How Money Laundering has evolved from drug-related activities to encompass corruption and terrorism
International Response to AML and CTF
- The global community’s reaction to AML and CTF following the events of 9/11
- A deep dive into the Financial Action Task Force (FATF):
- Membership structures, including insights into specific national affiliations
- The 40 Recommendations on AML and the additional 9 Recommendations regarding CTF
- The FATF’s role in shaping both domestic and international legal frameworks
Adhering to Anti-Money Laundering Laws
- Global legislative standards and regulations applicable to the host country
- Comparison with UK Regulations and Legislation, specifically The Proceeds of Crime Act 2002 (POCA)
Implementing Compliance Strategies
- Establishing robust Internal Controls, Procedures, and Policies
- Fostering cooperation with Regulatory Authorities and oversight bodies
- Applying Know Your Customer (KYC) and Identification and Verification (ID&V) standards
- Assessing the impact of compliance on business strategy, client interactions, and human resources
Identifying and Reporting Suspicious Activity
- Understanding legal obligations regarding reporting
- Techniques for spotting suspicious transactions
- Protocols for internal escalation and external reporting of concerning activity
Money Laundering Detection Methods
- Approaches to Prevention, Detection, and Due Diligence
- Utilizing Early-Warning Mechanisms
Future Outlook
- Identifying current high-risk areas…
- Predicting the future trajectory of AML and CTF…
Other Areas of Financial Crime
- Fraud
- Information Security
- Market Abuse and Insider Dealing
- Sanctions Compliance
Requirements
No prior requirements are necessary.
14 Hours
Testimonials (1)
The trainer did not leave a single minute unexploited! He was up a storm throughout every lesson and provided much material for whatever he dealt with.
