AML/CTF basics
What you’ll learn
- What is and what is not money laundering
- What is terrorism and proliferation financing
- Requirements to Internal control system
- KYC, Due diligence, Suspicious situations
- Political Exposed Persons
Today majority of countries, banks, financial and a number of non financial institutions have encountered with local and international legislation in the field of money laundering and terrorism financing prevention (AML&CTF). An essential element is to ensure adequate training for employees. Internal controls of a company will not work properly without having insight of AML&CTF area. The course AML&CTF basics gives insight in to the AML&CTF world and offers explanations about main duties in this regard. The course has been developed using the knowledge and experience of AML&CTF experts with practical experience in the financial industry for many years thus ensuring high quality of the product. One of the main emphasis of the course is to teach in a simply manner avoiding wording understandable only by experts. The training is intended for a wide spectrum in both, financial and nonfinancial sector. It includes case studies, situation based practice scenarios, test at end of the each section.
Main topics to be covered:
Level 1
What is money laundering?
What is terrorism and proliferation financing?
The role of the private sector in the fight against money laundering, terrorism and proliferation
Institutional system
Internal control system
Level 2
Know your client
Due diligence
The ultimate beneficiary
Politically exposed person
Customer monitoring
Analysis of suspicions cases
There are no prerequisites to start this course and can be completed in ~2 hrs (including situation based practice scenarios & tests).
Who this course is for:
- Working professionals for different industries who are looking to understand the AML/CTF requirements
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