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Course Outline
Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT)
- Fundamentals of Money Laundering and Terrorist Financing
- Defining AML and CFT: mechanisms and operational dynamics
- The criminalisation of money laundering and terrorist financing, including offences covered under financial crime prevention laws
- The evolution of money laundering from drug trafficking to corruption and terrorism
Global Response to AML and CFT
- The international community's reaction to AML and CFT following the 9/11 attacks
- Focus on the Financial Action Task Force (FATF):
- Membership categories (including details on specific country memberships)
- The 40 Recommendations on AML and the additional 9 Recommendations on CFT
- The FATF's impact on domestic and international legislation
Compliance with Anti-Money Laundering Laws
- International legislation and local laws applicable in the course delivery location
- UK regulations and legislation for comparative context: primarily the Proceeds of Crime Act 2002 (POCA)
Compliance Strategies
- Internal controls, procedures, and policies
- Collaboration with authorities and regulatory bodies
- Know Your Customer (KYC) and Identification and Verification (ID&V) protocols
- Strategic, client relationship, and human resource implications
Identifying and Reporting Suspicious Transactions
- Legal obligations
- Identification of suspicious transactions
- Internal and external reporting procedures for suspicious transactions
Money Laundering Detection Methods
- Prevention, detection, and due diligence
- Early warning systems
Future Trends
- Current hotspots in financial crime…?
- Future directions for AML / CFT…?
Other Financial Crime Areas of Concern
- Fraud
- Information Security
- Market Abuse and Insider Dealing
- Sanctions
Requirements
None.
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.
