Finance & Accounts

FA 19 Anti Money Laundering

Anti-Money Laundering (AML)


Who should attend?

  • Delegates in the financial services sector who must have knowledge of this subject.
  • Delegates in non-financial sectors who need to understand their exposure to money laundering
  • Government officials who need to understand the impact of money laundering on financial issues and policies
  • Junior Managers, Fresh Graduates & Final Semester Students to acquire a promising career in a reputable organization.
Course Code:F/A.19
Course Fee:£385
Duration:3 Days

Learning Objectives

  • Define money laundering and explain how it works
  • Be aware of anti-money laundering regulation and international financial crime compliance standards
  • Take to the workplace proportionate and sophisticated action plans and processes for combating financial crime and fraud

Course Content

The Scope of Money Laundering

  • What is money laundering?
  • How money is laundered
  • The money laundering offences
  • How money laundering destroys value
  • Terrorist financing

Regulatory Frameworks

  • International Bodies and Standard Setters
  • National Regulatory Frameworks
  • The impact of the FATF standards and recommendations on domestic frameworks
  • Industry and professional guidance
  • Examples of other jurisdictions

The Risk-based Approach

  • What is a risk-based approach?
  • FATF guidance on the risk-based approach
  • Determining the risks
  • Implementing a risk-based approach
  • The role of the money laundering reporting officer

AM Tools

  • Tool 1: KYA (Know Your Assets)
  • Tool 2: KYB (Know Your Business)
  • Tool 3: KYC (Know Your Customer)
  • Tool 4: CDD (Customer Due Diligence)
  • Tool 5: EDD (Enhanced Due Diligence)
  • Tool 6: SDD (Simplified Due Diligence)

Recognising and Reporting Suspicions

  • The international requirements
  • Currency transaction reporting
  • What is meant by suspicion and reasonable grounds to suspect?
  • What constitutes suspicious activity?
  • The SAR/STR process and its documentation