Implementation of Anti Money Laundering AML Framework

Description

This course will explain to you practical concepts of Anti Money Laundering AML measures that are provided in AML/CFT Guidelines and Framework issued by regulators. AML measures are adopted and implemented by financial institutions FIs such as Banks, Investment Banks, Leasing Companies, Brokerage Houses, Money Exchange Companies, Investment companies, etc. to combat money laundering risks and activities.

Financial Action Task Force FATF recommendations also emphasize on the implementation of AML / KYC measures at the regulator and institutional levels, therefore, every financial institution in the world has implemented the AML Framework, to avoid the system's exploitation by criminals and money launderers.

You will learn various important concepts related to AML - Compliance such as:

- Money Laundering,

- Anti Money Laundering,

- Money Laundering ML Exposed Organizations,

- Know Your Customer's KYC,

- Beneficial Owners,

- Customer Due Diligence CDD measures (New Customers, Existing Customers),

- Types and Categories of customers,

- Identification, and Verification,

- High-Risk ML factors, and Low-Risk ML Factors,

- Threshold, Scenarios,

- Employees' Due Diligence,

- Negative Media or Adverse Media Searches,

- Sources of Negative Media, and Importance in AML CDD/KYC Compliance,

- Suspicious transactions,

- AML team,

- Roles and Accountability of Money Laundering Reporting Officer (MLRO),

- Appointment of Money Laundering Reporting Officer (MLRO) etc.

- ML Risk Assessment and Transaction Monitoring,

- 7 Step Investigation Process performed by Money Laundering Reporting Officer (MLRO) to Investigate a Suspicious Transaction 

Bonus Lectures: Interview Questions for the Position of MLRO - Part 1 and Part 2

Practical examples and scenarios are discussed in this course.

In this course, you will also learn Compliance Terminologies used in Corporate World.

This course is designed based on practical working experience in Compliance AML Function and is relevant for practical knowledge as well as for education purposes.

How Will You Benefit From This Course?

By attending this course you will:

- be able to link practical scenarios related to AML

- be able to talk confidently with Compliance and AML Specialists

- be able to work in consultancy firms in their compliance functions

- get a certificate of completion of this course

- be able to perform more research and analysis on AML practices and trends in the world etc.

Who Should Attend This Course:

Bankers, Investment Bankers, Leasing professionals, Brokers, Stock Market Professionals, Financial Intelligence Unit FIU professionals, Compliance professionals, AML/CFT Professionals, Branch Managers, Operations Managers, Risk Managers, Auditors, Finance professionals, Product Managers, CAMS students, Audit students, and others who have basic knowledge about Compliance and AML and want to learn more about this important area.

What You Will Learn!

• You will learn the Money Laundering and Anti Money Laundering AML / CFT Regulatory requirements with practical examples,
• You will learn about Money Laundering ML Risks Factors and How ML risks are avoided and managed by financial institutions,
• You will learn about Governance Structure and Compliance Hierarchy in a bank or FI, to combat the Money Laundering ML risks,
• Practical examples are covered to understand the AML regime.
• You will learn about the Negative Media, Adverse Media Searches, Its Sources and Importance in AML
• Due Diligence measures, Money Laundering Risk Assessment, Risk Classification Factors (with examples),
• Suspicious Activities and Transactions and Filing of Suspicious Activity Reports (SAR)
• You will be able to confidently talk and discuss on AML subject with AML, Compliance, Risk Management or other professionals.
• AML CFT Test is also a part of this course to test your AML / CFT knowledge.

Who Should Attend!

• Compliance professionals, AML professionals, Finance professionals, Audit professionals, Risk Management Professionals, CAMS students, FRM students, CIA students and any one who wants to learn the Anti Money Laundering AML framework with examples.

TAKE THIS COURSE