Anti-Money Laundering (Aml) Essentials

Anti-Money Laundering (AML) Core Concepts, Regulatory Expectations, Key Components of AML Governance, New Tech Trends

What you'll learn

Learn Anti-Money Laundering core concepts, why criminals want to launder money and why preventing it matters.

Gain comprehensive understanding of global AML regulatory frameworks, including FATF recommendations, EU directives, and regulator expectations.

Understand proper KYC and CDD procedures to identify high-risk customers and prevent financial crimes.

Find out key components to establish a robust AML governance framework.

Discover how emerging technologies such as cryptocurrencies and AI systems relate to Anti-Money Laundering.

Requirements

No compliance experience is needed. You can benefit from this course even if you are a beginner.

Description

Dive into the world of Anti-Money Laundering (AML) with this comprehensive course designed for compliance professionals, risk managers, employees of money service businesses, and anyone interested in understanding AML.This course provides a thorough introduction to Anti-Money Laundering (AML) fundamentals, equipping you with the knowledge needed to protect financial systems from illicit activities. Learn what major regulatory bodies like FATF, FinCEN, and FCA expect from both financial and non-financial institutions in today's complex regulatory landscape.Throughout the course, you'll gain practical insights into:The three-stage money laundering process and how criminals attempt to legitimize illicit fundsKey regulatory frameworks and their impact on organizational compliance requirementsEssential preventative measures including Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and Know Your Customer (KYC) proceduresTransaction monitoring strategies to identify suspicious activitiesRequired reporting mechanisms including Suspicious Activity Reports (SARs)Emerging typologies and threats in the financial crime landscapeThe course includes a comprehensive final assessment quiz to test your understanding of key concepts. Upon completion, you'll be well-versed in Anti-Money Laundering fundamentals and obtain a broad vision on core AML concepts and responsibilities essential for maintaining financial integrity and regulatory compliance.Whether you're new to compliance or seeking to refresh your understanding of regulatory frameworks, this course provides the foundation needed to contribute effectively to financial crime prevention efforts.

Overview

Section 1: Introduction

Lecture 1 Introduction and Course Overview

Section 2: Understanding Money Laundering

Lecture 2 What is money laundering and why does it matter?

Lecture 3 3 Stages of Money Laundering: Placement, Layering, Integration

Lecture 4 Common Money Laundering Techniques

Section 3: Why Preventing Money Laundering Matters

Lecture 5 How Dirty Money Hurts the Economy and Society

Lecture 6 Why and How Businesses and Governments Fight Back

Section 4: Regulatory Landscape for Anti-Money Laundering

Lecture 7 Global AML Frameworks: FATF, Basel, EU AML Directives

Lecture 8 The FATF Recommendations: what regulators expect

Section 5: Customer Due Diligence (CDD), KYC, PEPs & Sanctions

Lecture 9 What is CDD/KYC: why it is critical

Lecture 10 Types of Due Diligence: Simplified, Standard, and Enhanced (EDD)

Lecture 11 Identifying and Managing Politically Exposed Persons (PEPs)

Lecture 12 Sanction Screening: what it is and why it's essential

Section 6: Transaction Monitoring & Reporting

Lecture 13 How Monitoring Systems Work

Lecture 14 Suspicious Activity Reports (SARs/STRs)

Section 7: Internal Controls & Governance

Lecture 15 Role of the Compliance Officer/MLRO

Lecture 16 Internal Controls and Independent Audit

Lecture 17 Staff Training

Lecture 18 AML Policies and Procedures

Section 8: Emerging Trends & Tech in AML

Lecture 19 Use of AI/ML in AML Systems

Lecture 20 Cryptocurrencies and Digital Assets

Section 9: Final Quiz & Knowledge Check

Section 10: Conclusion

Lecture 21 Course Summary: What You’ve Learned

This course is suitable for both beginners and experienced finance professionals.