Certified AML, CFT & KYC Professional

The Annual AML/CFT Risk Awareness course will be designed by subject matter experts in close consultation with the client. Together we decide on the topics relevant for the financial institution and the markets that it operates.

AML and KYC are the primary initial focus areas that help the organizations to work on acquiring the right set of verified individuals in their network.

In order to understand any customer or client, proper screening is realized by financial institutions to identify the customers after legal monitoring that complies with Anti Laundering Law.  

Benefits:

• Understanding Money Laundering, Terrorist Financing and Sanctions
• Vulnerabilities of financial institutions to money laundering and terrorist financing
• Anti money laundering and combating terrorist financing in practice
• Anti money laundering and combating terrorist financing – legal and regulatory structures
• Management obligations and the risk-based approach to money laundering and terrorist financing

Modules:

Module 1: Money Laundering & Terrorism Finance:

• Definitions of ML & TF
• Predicate offences
• The three phases of money laundering: Placement, Layering & Integration
• The Money laundering Challenge: Can you launder dirty money? (interactive case study)

Module 2: AML/CFT Laws & Regulations:

• AML/CFT Legislations
• Key requirements of AML/CFT law
• CDD/KYC policies financial institutions
• ML/TF Red flags

Module 3: Trends in AML/CFT Corruption:

• Corruption > predicate offence for money laundering
• How banks are misused in corruption cases
• Corruption in the region
• Case study: Odebrecht

Module 4: Knowledge Check:

• Minimum passing score
• Audit trail: evidence of completion

Module 5: Introduction to money laundering
Module 6: The risk of money laundering
Module 7: KYC obligations
Module 8: Monitoring and reporting obligations
Module 9: Terrorist financing