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Course Outline
Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF)
- Foundations of Money Laundering and Terrorist Financing
- Defining AML and CTF and understanding their mechanisms
- The legal categorization of Money Laundering and Terrorist Financing: covering the offenses addressed by Financial Crime prevention laws
- The evolution of Money Laundering schemes from drug trafficking to corruption and terrorism
The Global Response to AML and CTF
- International efforts to address AML and CTF following 9/11
- A focus on the Financial Action Task Force (FATF):
- Membership tiers (including specific country affiliations)
- The 40 Recommendations regarding AML and 9 additional Recommendations concerning CTF
- The FATF’s role in shaping domestic and international legal frameworks
Adhering to Anti-Money Laundering Laws
- Global legal standards and specific legislation applicable to the delivery location
- UK statutory framework for benchmarking purposes: primarily The Proceeds of Crime Act 2002 (POCA)
Strategic Compliance Approaches
- Establishing robust Internal Controls, Procedures, and Policies
- Collaborating with Regulatory Bodies and Law Enforcement Authorities
- Implementing Know Your Customer (KYC) and Identification and Verification (ID&V) protocols
- Evaluating the impact on corporate Strategy, Client Relationships, and Human Resources
Identifying and Disclosing Suspicious Activities
- Meeting Statutory Reporting Requirements
- Detecting suspicious financial transactions
- Procedures for internal and external disclosure of suspicious activity
Techniques for Detecting Money Laundering
- Integration of Prevention, Detection, and Due Diligence processes
- Utilizing Early-Warning Systems
Looking Ahead
- Current emerging trends and risk areas…
- Future directions for AML and CTF…
Additional Financial Crime Risks
- Fraudulent Activities
- Information Security Threats
- Market Manipulation and Insider Trading
- Trade and Economic Sanctions
Requirements
No prior requirements.
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.
