Anti Money Laundering

Strategy, Creative thinking, Ethical standards, Money Laundering

What you'll learn

Review the vulnerabilities of financial institutions to money laundering and terrorist financing

Discover what anti money laundering is in practice and what the legal and regulatory structures look like

Understand management obligations and the risk based approach to money laundering and terrorist financing

Describe the suspicious behavior and transactions

Recognize the need of conducting employee training on AML

Requirements

Basic knowledge of risk management and finance. A desire to learn about the effects of AML and how to manage it

Description

The menace of managing money laundering risks in a global marketplace requires a coordinated approach and a common understanding of evolving and emerging trends in both regulation and criminal activity.  Money laundering is a significant financial crime. It involves taking criminally obtained proceeds and disguising their origins in order to portray them to be from a legitimate source. Anti-money laundering (AML) refers to the activities financial institutions and organizations perform to achieve compliance with legal requirements to actively monitor and counter such illegal activities. Anti-money laundering compliance is vital for obliged entities and being conversant with AML compliance regulations and industry prevalent measures is imperative.  This course will provide the essential background of Anti Money Laundering and discuss the various factors which make up this global effort against Money Laundering.  It will also be beneficial for bank officers, financial controllers, accountants, compliance officers, managers, internal and external auditors as well as individuals willing to learn about what AML has to offer.  Upon completion of this course you should be able to identify key money laundering techniques, spot businesses that are purpose built for money laundering, trace suspicious activities within organizations and develop the best counter measures available within this evolving concept.

Overview

Section 1: Anti Money Laundering

Lecture 1 AML

Section 2: Introduction

Lecture 2 Introduction

Section 3: Stages

Lecture 3 Stages of Money Laundering

Section 4: Legalities

Lecture 4 Legal Framework

Section 5: Due Diligence

Lecture 5 Customer Due Diligence

Section 6: Know Your Customer

Lecture 6 KYC

Section 7: Suspicions

Lecture 7 Suspicious Transactions

Section 8: Monitoring

Lecture 8 Transaction Monitoring

Section 9: Risk

Lecture 9 Risk Assessment

Section 10: Financial Institutions

Lecture 10 Financial Institutions

Section 11: Awareness

Lecture 11 Training and awareness

Section 12: Cooperation

Lecture 12 International cooperation

Section 13: Approach

Lecture 13 Risk Based Approach

Section 14: Programs

Lecture 14 AML Compliance Programs

Section 15: Technology

Lecture 15 Technology in AML

Section 16: Compliance

Lecture 16 Consequences of Non Compliance

Section 17: Trends

Lecture 17 Emerging Trends and Challenges

Section 18: Real Life

Lecture 18 Case Studies

Section 19: Terrorism

Lecture 19 AML and terrorist financing

Section 20: Regulations

Lecture 20 Role of government and regulators

Section 21: The Digital Age

Lecture 21 AML in the Digital Age

Section 22: Best Practices

Lecture 22 AML Best Practices

Section 23: Key Points

Lecture 23 Call to Action

Section 24: Summary

Lecture 24 Summary I

Section 25: Summary

Lecture 25 Summary II

Section 26: Thank you

Lecture 26 Thank you

The course is for individuals striving to enhance their knowledge about Anti Money Laundering