Anti-Money Laundering & Financial Crime Compliance
Overview
Money laundering and terrorist financing expose organisations to severe legal and reputational damage. This course covers international AML standards, risk-based approaches, customer due diligence, transaction monitoring, suspicious activity reporting and sanctions compliance.
Who should attend
Compliance and AML officers, bank and financial institution staff, auditors, and regulators.
Training methodology
Interactive presentations, practical exercises, case studies, group discussions, role-plays where relevant, and a personal action plan that participants apply in their own work.
Objectives
By the end of this course, participants will be able to:
- Explain money laundering methods and international standards
- Apply a risk-based approach to AML
- Conduct customer due diligence and enhanced checks
- Monitor transactions and report suspicious activity
- Comply with sanctions requirements
Course outline
Day 1Financial Crime Landscape
- Money laundering stages
- Terrorist financing
- International standards and FATF
- Legal obligations
- Typologies
Day 2Risk-Based Approach
- Enterprise-wide risk assessment
- Customer, product and geographic risk
- Risk scoring
- Controls
- Assessment exercise
Day 3Customer Due Diligence
- Identification and verification
- Beneficial ownership
- Politically exposed persons
- Enhanced due diligence
- Case study
Day 4Monitoring and Reporting
- Transaction monitoring
- Red flags
- Investigating alerts
- Suspicious activity reports
- Exercise
Day 5Sanctions and Programme
- Sanctions regimes and screening
- Record keeping
- Training and independent testing
- AML programme governance
- Action plan
