Implementation of Anti Money Laundering AML Framework
Anti Money Laundering AML Framework Implementation in Financial Institutions FIs including Banks
What you will learn
You will learn the Money Laundering and Anti Money Laundering AML / CFT Regulatory requirements with practical examples,
You will learn about Money Laundering ML Risks Factors and How ML risks are avoided and managed by financial institutions,
You will learn about Governance Structure and Compliance Hierarchy in a bank or FI, to combat the Money Laundering ML risks,
Practical examples are covered to understand the AML regime.
Due Diligence measures, Money Laundering Risk Assessment, Risk Classification Factors (with examples),
Suspicious Activities and Transactions and Filing of Suspicious Activity Reports (SAR)
You will be able to confidently talk and discuss on AML subject with AML, Compliance, Risk Management or other professionals.
AML CFT Test is also a part of this course to test your AML / CFT knowledge.
This course will explain you practical concepts of Anti Money Laundering AML measures that are provided in AML/CFT Guidelines and Framework issued by regulators of financial institutions. AML measures are adopted and implemented by the financial institutions FIs such as Banks, Investment Banks, Leasing Companies, Brokerage Houses, Money Exchange Companies, Investment companies etc. to combat the money laundering risks and activities.
Financial Action Task Force FATF recommendations also emphasis on the implementation of AML / KYC measures at regulator and institutions level. therefore, every financial institution in the world has implemented the AML Framework, to avoid system's exploitation by criminals and money launderers.
You will learn various important concepts related to AML - Compliance such as Money Laundering, Anti Money Laundering, Money Laundering ML Exposed Organizations, Know Your Customers KYC, Beneficial Owners, Customer Due Diligence CDD measures (New Customers, Existing Customers), Types and Categories of customers, Identification, Verification, High Risk ML factors, Low Risk ML Factors, Threshold, Scenarios, Employees Due Diligence, Suspicious transactions, AML team, ML Risk Assessment and Transaction Monitoring, Documentation etc.
Practical examples and scenarios are discussed in this course.
In this course you will also learn Compliance Terminologies used in Corporate World.
This course is designed based on practical working experience in Compliance AML Function and is relevant for practical knowledge as well as for education purposes.
How Will You Benefit From This Course?
By attending this course you will:
- be able to link practical scenarios related to AML
- be able to talk confidently with Compliance and AML Specialists
- be able to work in consultancy firms in their compliance functions
- get a certificate of completion of this course
- be able to perform more research and analysis on AML practices and trends in the world etc.
Who Should Attend This Course:
Bankers, Investment Bankers, Leasing professionals, Brokers, Stock Market Professionals, Financial Intelligence Unit FIU professionals, Compliance professionals, AML/CFT Professionals, Branch Managers, Operations Managers, Risk Managers, Auditors, Finance professionals, Product Managers, CAMS students, Audit students, and others who have basic knowledge about Compliance and AML and want to learn more about this important area.