Certified Anti-Money Laundering Specialist

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 to Know Your Customer (KYC) & Customer Due Diligence (CDD)

• Risk Management of Politically Exposed Persons (PEPs)

• Screening

• Best Practices Applicable to Firms / Banks 

• Sanctions