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Course Outline
Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT)
- Navigating Money Laundering and Terrorist Financing
- Defining AML and CTF: mechanisms and operational structures
- The criminalization of these activities and the range of offenses addressed under financial crime prevention laws
- The evolution of Money Laundering from drug trafficking to corruption and terrorism
Global Responses to AML and CTF
- International community initiatives following the 9/11 attacks
- Focus on the Financial Action Task Force (FATF):
- Membership structures (including an overview of specific country affiliations)
- The 40 AML Recommendations and the additional 9 CTF Recommendations
- The FATF’s role in shaping domestic and international regulatory frameworks
Adhering to Anti-Money Laundering Laws
- Global standards and local legislation relevant to the course location
- United Kingdom regulations for comparative analysis, primarily The Proceeds of Crime Act 2002 (POCA)
Strategies for Compliance
- Establishing internal controls, procedures, and corporate policies
- Collaborating with regulatory bodies and law enforcement
- Implementing Know Your Customer (KYC) and Identification and Verification (ID&V) protocols
- Strategic impacts on client relationships and human resources
Identifying and Reporting Suspicious Activities
- Meeting legal and statutory duties
- Methods for recognizing suspicious transactions
- Procedures for internal and external reporting of suspicious activities
Techniques for Detecting Money Laundering
- Approaches to prevention, detection, and due diligence
- Implementing early-warning systems
Future Perspectives
- Current areas of heightened risk (“hotspots”)
- Future trends and developments in AML / CFT
Additional Financial Crime Areas
- Fraud
- Information Security
- Market Abuse and Insider Trading
- Sanctions Compliance
Requirements
No prior experience or specific 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.
