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Course Outline
Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CTF)
- Gaining Insight into Money Laundering and Terrorist Financing
- Defining AML and CTF and understanding their mechanisms
- The criminalisation of Money Laundering and Terrorist Financing, including the offences covered under financial crime prevention laws
- The evolution of Money Laundering from drug-related activities to corruption and terrorism
The International Community's Approach to AML and CTF
- Global responses to AML and CTF following the events of 9/11
- Particular focus on the Financial Action Task Force (FATF):
- Membership structures (including specific country affiliations)
- Its 40 Recommendations concerning AML and an additional 9 Recommendations regarding CTF
- The impact of its guidance on domestic and international legislation
Adhering to Anti-Money Laundering Laws
- Global laws and regulations applicable in the country where the course is held
- United Kingdom laws and regulations (for comparative purposes): primarily The Proceeds of Crime Act 2002 (POCA)
Compliance Frameworks
- Internal controls, operational procedures, and corporate policies
- Collaboration with regulatory bodies and law enforcement
- Know Your Customer (KYC) protocols and Identification and Verification (ID&V) standards
- Effects on strategic planning, client relationships, and human resources
Spotting and Reporting Suspicious Transactions
- Legal responsibilities
- Techniques for recognising suspicious transactions
- Processes for internal and external reporting of suspicious activity
Techniques for Detecting Money Laundering
- Strategies for prevention, detection, and due diligence
- Implementation of early-warning systems
Looking Ahead
- Current areas of concern in the sector
- The future direction of AML and CTF regulation
Additional Financial Crime Areas
- Fraud
- Information Security
- Market Abuse and Insider Dealing
- Sanctions Compliance
Requirements
No prior requirements.
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.
