FATF Recommendations on High Risk Customers and Activities

Overview of FATF Recommendations on AML/ CFT for High Risk Customers and Activities PEPs and Correspondent Relationships

4.38 (1783 reviews)

Udemy

platform

English

language

Compliance

What you will learn

Money Laundering Activities and Anti Money Laundering AML Measures

Overview of High-Risk Jurisdictions, and Most Serious Jurisdictions by FATF

Overview of Risk Based Approach RBA, as per Financial Action Task Force (FATF)

Overview of FATF's Recommendations on High Risk Customers - Politically Exposed Persons (PEPs)

Overview of FATF Recommendations for High Risk Activities - Correspondent Banking Relationship

Why take this course?

Do you know that the biggest challenge for financial institutions is to identify and manage Money Laundering Risks, Terrorist Financing Risks, and related activities?

Do you know why companies and institutions are being penalized by regulators?

How do financial institutions manage the risk of money laundering and terrorist financing? What is Financial Action Task Force FATF?

FATF Recommendations help organizations in combating money laundering, terrorist financing, and proliferation financing (funding for weapons of mass destruction), BUT Do you know, what the Financial Action Task Force (FATF's) Recommendations 12, and 13 are all about?

Millions of Dollars are spent by financial institutions in the world, on implementing controls and measures, to manage and mitigate Money Laundering ML and Terrorists Financing TF risks and threats.

About Course:

This course is designed to provide you with a practical insight into Anti Money Laundering AML and Countering Financing of Terrorism CFT, and an overview of FATF's Recommendations No. 12 and 13, which are related to PEPs, and Correspondent Banking.

FATF's recommendations 12 and 13, relate to additional measures for specific customers, and activities, and we shall cover:

Politically exposed persons (PEPs)
Correspondent banking relationship

In this course, you will also get an insight into how the Financial Institutions FIs are focusing on a strong compliance culture, to avoid/ manage the Money Laundering ML / Terrorist Financing TF risks to avoid penalties and reputation losses.

You will learn the:

- Money Laundering and Terrorist Financing with Examples

- Anti Money Laundering AML Measures

- Overview of FATF's Risk-Based Approach RBA

- Customer Due Diligence Measures

- Enhanced Customer Due Diligence EDD

- Overview of High-Risk Jurisdictions, Most Serious Jurisdictions, and Jurisdictions under Increased Monitoring by FATF

- Overview of FATF Recommendations 12 and 13

- Politically Exposed Persons PEPs and related ML/TF risk factors

- Correspondent Banking Relationship and related ML/TF risk factors

- Practical Examples

A QUIZ TO TEST YOUR KNOWLEDGE ABOUT FATF HIGH-RISK CUSTOMERS AND TRANSACTIONS / AML CFT IS ALSO PART OF THIS COURSE

This course will help you in your job roles particularly if your area is Compliance, Anti Money Laundering AML, Regulatory Compliance, Customer Relationship, and Risk Assessment and Management.

After attending this course you will be able to confidently talk and communicate with compliance, AML / CFT professionals, audit, and other related professionals.

Who is this course for:

Compliance professionals and students
Regulatory Compliance professionals
Risk management professionals and students
Internal audit professionals and students
Internal controls professionals
Finance professionals and students
CAMS, AML/CFT students
ACCA, CPA, CGA, CMA students

Reviews

Atlasaone

November 15, 2023

Working in a bank, means having to know all risks that customers come with customers or even employees.

Levi

March 6, 2023

This was a good basic overview of the AML/Terrorist financing and sourcing. The lack of visuals, video, or activities to assist with learning are why I gave 4 stars instead of 5. The information was good and reliable. Thank you.

Charles

February 10, 2023

The course was fine and instructive, the presentation was poor and the end questionnary was really bad.

Magdalena

February 8, 2023

There's a lot of typos, some questions in Quiz are written with a lot of mistakes in it, definitely someone should review this course once again and check everything for correctness. Overall, course was ok, but nothing new for me :)

Kuninori

November 4, 2022

It's very helpful to understand what FATF define against ML, TF and his explanation is very easy to be understood.

Debbie

October 28, 2022

It was a good match. I feel that everything was explained whilst pointing to the points being explained and repeating it meant that it sunk in.

Heiko

October 1, 2022

Sorry, but you are throwing a lot of text on your presentations. - What about more graphics? There are many big examples of ML and TF, maybe you could do it more interactive - The exam in the end contains 30 questions - There are some typos, which well are o.k. I guess, yet question 22 shows all three answers are identical, but just one of them is correct - 30 questions in the end of a bulk of text from the presentations. Why don t you make a stop after every 10 minutes of explaining a subject and ask 3-5 questions instead? I think with that you would have better rating, better customer experience and in the end a better result for the student

Elias

August 25, 2022

it is quite a good learning curve and will help me to ensure that all payments going through are meeting the AML SANCTION LIST.

Ben

August 18, 2022

the speaker simply reads what was shown on the screen. there was seldom additional information given.

Rhonda

August 15, 2022

The information was good, however, the transcript contains a lot of verbiage errors. It was hard to read along with the commentator for clarity due to misspelled words, etc.

Kutloano

August 3, 2022

I enjoy this course it is well explained and the video's are not that long to the point where you get bored, so you are willing to learn on other expects on different videos. I understand money laundering , examples of money launder as well as layering and placement thus far.

Claire

July 7, 2022

It would be good to have a short quiz after each topic. The correspondent/ respondent banking information was interesting and applicable to me

Tobias

June 27, 2022

The presentation was good. The quiz should probably be reviewed and updated, as there are a few spelling errors, some answers are so much alike you might choose the wrong one by mistake (I would also argue that for a few questions, some of the wrong answers were still correct), and the last question literally gives the answer in the question.

Mohammad

May 31, 2022

The course worth it! it includes examples and it is explained in an easy to understand way. I would recommend it.

Emanuel

March 25, 2022

I have got the knowledge of how launderers can conceal the source of fund obtained from illegal activities to look as genuine fund obtained from genuine sources.

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FATF Recommendations on High Risk Customers and Activities - Distribution chart