Anti-Money Laundering (AML) Compliance Masterclass

Protection Against the Risks of Money Laundering and Terrorist Financing

Format availability:

In-Person

Duration:

5 Days

Introduction to the course

This KC ACADEMY Anti-Money Laundering (AML) Compliance Masterclass 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 KC ACADEMY 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 training program 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 KC ACADEMY 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.

Course details

By the end of this KC ACADEMY 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

Participants to this KC ACADEMY 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.

This KC ACADEMY 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:

  • More effective support for Anti-Money Laundering (AML) team
  • Greater relevance and reliability of analyzing the regulatory
  • More strategic thinking and focus on performance
  • More effective use of detecting high risk indicators
  • Preparation of staff for increased responsibility

This KC ACADEMY training course will be of personal benefit to delegates by providing you with:

  • Understanding Money Laundering, Terrorist Financing and Sanctions
  • Vulnerabilities of financial institutions to money laundering and terrorist financing
  • Anti-money laundering and combating terrorist financing – legal and regulatory structures
  • Management obligations and the risk-based approach to money laundering and terrorist financing
  • Greater awareness of industry practices, problems and solutions
  • Increased understanding and assurance to complete tasks successfully
  • Increased self-confidence and motivation at work
  • Greater job satisfaction in providing quality support to management
  • Greater ability to supervise, develop and motivate colleagues
  • The structure of the Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF) regime in your jurisdiction
  • Your fit into the Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF) regime
  • Designated remittance service arrangements and correspondent banking
  • Reporting of certain transactions; and record keeping
  • Consequences to you for not complying with your obligations

This KC ACADEMY  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

Daily Agenda

DAY 1:
Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
  • Why the Current Focus on Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)?
  • Money Laundering & the Financing of Terrorism Definitions
  • Differences and Similarities between Money Laundering and Terrorist Financing
  • Key Stages of Money Laundering
  • Typologies & Techniques of Money Laundering
  • Indicators of Money Laundering
  • Products and Services Vulnerable to Money Laundering or Terrorism Financing
  • Money Laundering Trends in (Jurisdiction)
DAY 2:
The International Organizations of Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)
  • The International bodies’ response to Anti-Money Laundering (AML) and  Countering Terrorist Financing (CTF)
  • The International Measures to Prevent Money Laundering and Financing of Terrorism 
  • The Complex and Interrelated Risks with Respect to Money Laundering and Sanctions
  • FATF and Its Roles of Anti-Money Laundering (AML)
  • Customer Policies and Procedures
  • International Legislation and Legislation Applicable to Your Jurisdiction
  • The Wider Context for Financial Crime Risk and Regulation in which Your Firm Operates
  • The Role and Responsibilities of (Front / Back Office / AML / Compliance Officer), and How these fit within the financial crime risk-management life cycle?
DAY 3:
Compliance Strategies
  • Jurisdiction Anti-Money Laundering (AML) and  Countering Terrorist Financing (CTF)
  • Laws and Regulations
  • The Requirements for Robust Anti-Money Laundering Operations, Internal Controls, Procedures and Policies
  • Cooperation with the Authorities and the Regulators
  • Know Your Customer (KYC) and ID&V Rules
  • Tipping-off
  • Market Abuse and Insider Dealing
  • Client Relations and Human Resources Strategies
  • The Relevant Laws and Regulations in Your Jurisdiction, The International Standards and The Role of Law Enforcement
DAY 4:
Recognizing and Reporting Suspicious Transactions
  • Statutory Obligations
  • Identifying Suspicious Transactions
  • Internal and External Reporting of Suspicious Transactions
  • Identifying High-risk Indicators - Understand what to do with the information and whom to escalate it to
  • The Role of the MLRO
  • The Importance of Record Keeping
  • Responsibilities of Firms / Banks and Individuals
  • Setting-up Monitoring Procedures
DAY 5:
Money Laundering Detection Techniques
  • Prevention, Detection and Due Diligence
  • Early-Warning Mechanisms
  • Designing Money Laundering and Terrorist Financing Risk Assessments
  • Applying Know Your Customer (KYC) & Customer Due Diligence (CDD )
  • Risk Management of Politically Exposed Persons (PEPs)
  • Screening
  • Best Practices Applicable to Firms / Banks 
  • Sanctions

Frequently Asked Questions

There are no prerequisites. Our courses are open to students of all backgrounds who are 18 years of age and older. All courses are conducted in English. Video lectures include English subtitles and the option to slow-down, pause, or replay lectures for better retention. Discussion boards are a critical component of each of our courses; therefore, we suggest students have a conversational knowledge of English when pursuing a Certificate of Completion. For any of the art writing courses, students need to be 100% proficient in written English.

You should have an up-to-date web browser such as: Chrome, Safari, Firefox, or Internet Explorer. For more detailed information, please see the guides for supported browsers and basic computer specifications. Our Online Courses can be accessed on a mobile or tablet device, although we strongly encourage you to have access to a desktop or laptop computer and reliable internet connection for certain course components. Former students have told us it is easiest to read discussion threads and complete written assignments on a laptop or desktop computer.

Registration is available on our website. Just follow these simple steps: Click the “Apply Now” button in the top right corner of your screen. Select “Online Courses.” Choose your course(s). You will be asked for basic contact information and your credit card payment. We require full payment at the time of registration and all tuition is billed in US dollars. Be sure to check with your bank or credit card company, as your financial institution may charge a foreign transaction fee.

Our classes are kept small, at no more than 30 students, to better facilitate and encourage personalized interaction with the instructor and fellow participants. Your classmates come from all over the globe and contribute their global perspectives and experience. Some are currently working within the arts while others are just beginning. All classmates share in their passion for the art world.

It is recommended that you begin your course promptly. If you do need to start the course a few days late, contact your instructor as soon as possible after the course has opened to discuss your options. Registration closes on the Friday after the course begins.

Enroll now

Click on a date to enroll and save your seat
Dubai
01-05 May 2023
Fee: $5,950
Cairo
12-16 Jun 2023
Fee: $5,950
Istanbul
24-28 Jul 2023
Fee: $5,950
Dubai
04-08 Sep 2023
Fee: $5,950
London
06-10 Nov 2023
Fee: $5,950
Course customization available
Course customization available

This training course is available to be conducted at your own page, at your own time. Request for a quotation now, our training advisor will contact you promptly

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