Anti-Money Laundering AML CFT and Compliance Program

Complete Guide of Money Laundering, Compliance, Financial crimes, Due Diligence, AML KYC PEP and Risk Assessment

What you'll learn
- All about Money Laundering and the methods used by criminals.
- You will acquire the necessary knowledge to apply for international certifications
- Fundamental concepts on Financing of terrorism and proliferation of weapons of mass destruction
- Identify the levels of Corruption and the most important laws created to combat it.
- Identify the most important international standards related to anti-money laundering.
- Understanding the use of Sanctions Lists for Anti-Money Laundering
- Identify Corporate Vehicles and their use for criminal purposes.
- Guide to creating an effective Compliance Program for your organization
- Understand and identify the risks related to Money Laundering and Terrorist Financing.
- Analyze different real financial crimes through case studies and simulations
- Work on real Compliance documents such as KYC, PEP Assessment, Screening, SARs and a Compliance Manual.

Requirements
- Eager to learn about Anti-Money Laundering and Compliance.
- No previous experience or knowledge is required.

Description
Have you ever wondered how terrorists can finance their operations? Or how traffickers can buy luxuries without hindrance? More importantly, how can organizations avoid being systematically used for money laundering, and what are countries doing to prevent money laundering?

Money launderingis internationally listed as one of the most complex crimes to prevent.

In the last decades institutions have dedicated great efforts to combat this criminal modality that seriously damages the financial system.

In this course you will learn whatMoney Launderingis about, important aspects about the legal framework that regulates this matter, the sanctions that can be faced and especially about the solutions that can be provided to combat it. Compliance is a mandatory process for all businesses every day, that is why we have designed the course for beginners as well as for experienced professionals seeking to apply for international certifications such as CAMS and ICA.

Added Value with this course

8  Real Case Studies

5  Templates for you to download and use

1  Compliance program implementation Simulation

1  Mock Exam of ICA AML Certification

1  Red Flag Analyses practice exercise

48 Quiz Questions

9  Articles for further reading

Certificate of Completion

The course includes a Certificate of Completion that you can use to demonstrate your newly acquired skills and professional value through a better understanding of Anti-Money Laundering compliance.

How is this course structured?

Study and Understanding of Financial Crimes

Money Laundering

We will study the concepts and important points about Money Laundering

Understand the Precedent Crimes of Money Laundering

Money Laundering Methods

Stages of Money Laundering Crime

Analyze a real Case Study related to Money Laundering

Financing of Terrorism and Proliferation of Weapons of Mass Destruction

We will study the concepts and important points about TF and WMD

Stages of Financing of Terrorism

We will analyze 2 real case studies related to Financing of WMD

Corruption

We will study the concepts and important points about Corruption

You will learn how to use some web portals to identify the level of corruption in countries

We will review some of the most important laws worldwide such as the Foreign Corrupt Practices Act (FCPA) and the UK Bribery

We will analyze 2 real case studies where the FCPA is applied

International Anti-Money Laundering and Counter Terrorist Financing Standards

We will review and analyze the main International Standard worldwide, the Financial Action Task Force (FATF), including 2025 updates.

We will make a brief summary of the FATF's 40 recommendations. As a compliance officer it is essential that you master this topic so you will be provided with a downloadable resource with the complete document.

We will review and analyze other International Standards such as the Basel Committee on Banking Supervision and Wolfsberg Group.

Sanctions List

You will understand what the most important worldwide Sanctions Lists are composed of such as OFAC, UN List, OFSI and European Nations (EU).

You will learn how to use the Web portals offered by OFAC and the UN; in order to perform an accurate Due Diligence.

We will analyze 3 real Case Studies related to the sanctions lists.

Corporate Vehicles

We will study and analyze the most commonly used corporate vehicles to commit financial crimes such as Offshore Jurisdictions, Shell Companies, Trusts among others.

Combating Money Laundering, Terrorist Financing and Weapons of Mass Destruction Proliferation in Practice

Compliance Program

We will understand what constitutes a complete compliance program and review the documentation (including example forms)

Compliance Officer

Risk Assessment based on a Risk Based Approach.

Policies, Processes and Procedures

Internal Control System

Training / Coaching

Independent Reviews (Audits)

The importance of the Code of Ethics and Conduct for the regulated entity.

Due diligence and execution of Know Your Customer (KYC) process

Verification of Source of Funds (SOF) and Source of Wealth (SOW)

Politically Exposed Persons (PEP)

Suspicious Transaction Reporting (STR)

Practice Exercise - Compliance program implementation

We will simulate AML scenarios of a Tech Company where you as Compliance Officer must develop a compliance program

Practice Exercise - Red flags Analyses

Mock Exam for ICA International Diploma in Anti Money Laundering

Who this course is for:
- Organizations that are required by law to train their employees on AML
- Interested in understanding all about Anti-Money Laundering Policies
- Interested in pursuing certifications such as CAMS and ICA regarding AML and Compliance
- Professionals with regulatory compliance functions in organizations
- Students or recent graduates with an interest in focusing their career on Compliance
- Supervisors or Compliance Officers, Attorneys, public officials, accountants, auditors or consultants
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