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Course Outline
Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CTF)
- Comprehending Money Laundering and Terrorist Financing
- Defining AML and CTF: their mechanisms and operational dynamics
- The criminalization of Money Laundering and Terrorist Financing, including offenses covered under Financial Crime Prevention laws
- The evolution of Money Laundering from drug-related activities to corruption and terrorism
The International Community’s Response to AML and CTF
- Global reactions to AML and CTF following the events of September 11
- Focus on the Financial Action Task Force (FATF):
- Membership classifications (including specific country affiliations where relevant)
- Its 40 Recommendations regarding AML and 9 additional Recommendations on CTF
- The FATF’s influence on both domestic and international legislative frameworks
Compliance with Anti-Money Laundering Legislation
- Review of international standards and local legislation applicable to the course’s delivery location
- Comparison with UK Regulations and Legislation, primarily focusing on The Proceeds of Crime Act 2002 (POCA)
Compliance Strategies
- Establishing internal controls, procedures, and policies
- Collaborating effectively with regulatory authorities and oversight bodies
- Implementing Know Your Customer (KYC) and Identification and Verification (ID&V) protocols
- Assessing the impact on corporate strategy, client relationships, and human resources
Recognising and Reporting Suspicious Transactions
- Understanding statutory obligations
- Techniques for identifying suspicious financial transactions
- Procedures for internal and external reporting of such activities
Money Laundering Detection Techniques
- Approaches to prevention, detection, and due diligence
- Utilizing early-warning mechanisms
Future Outlook
- Identifying current hotspots in financial crime
- Considering the future trajectory of AML and CTF
Other Financial Crime Hotspots
- Fraud prevention
- Information security
- Market abuse and insider trading
- Sanctions compliance
Requirements
No prior prerequisites are required.
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.
