Anti-Money Laundering (AML) Compliance Masterclass
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1- Online Training...with international accreditation. The value of participation per person is €1,450
2-Requirement : specifying the course, number of participants
implementation date, and joint coordination.
Group contracting ... 20% Discount For Each Participant In Any Group Of Five Person Or More
Other Places To Hold The Course :
KualaLumpur.. Istanbul.. Dubai.. Cairo.. Riyadh.. Jeddah.. Abu Dhabi.. Doha.. Muscat.. Sharm El Sheikh.. Kuwait.. Tripoli.. Amman.. Beirut.. Damascus.. Tunisia.. Casablanca.. London.. Paris.. Barcelona.. Amsterdam.. Brussels
Anti-Money Laundering (AML) Compliance Masterclass
Introduction :
This Anti-Money Laundering (AML) Compliance Masterclass is designed to develop the essential skills necessary to enable you to understand how to support your company in Anti-Money Laundering and countering terrorist finance and how to prevent, detect, and report money laundering activities.This training course covers regulatory environment and focus on the importance of Know your Customer (KYC), the importance of Customer Due Diligence (CDD), sanctions monitoring and the role of the Money Laundering Reporting Officer in practical terms. You will learn about studying the AML risks involved in emerging industry sectors.Its also covers several topics regarding the nature of the services and products offered by the financial services industry (namely managing, controlling and possessing money and property belonging to others) means that it is vulnerable to abuse by money launderers and the aspects of money laundering and initiatives undertaken to combat terrorism including regulations that govern financial institutions.
Course Objectives :
At the end of this course, the participants will be able to :
- The process of Money Laundering
- Regulations applicable to firms / banks
- FATF roles in Anti-Money Laundering
- The penalties for non-compliance with AML legislation
- How Anti-Money Laundering and Countering Terrorist Financing (CTF) might be prevented?
- How to define the ways in which a Firm / Bank and its staff should protect themselves against the risks of Money Laundering and Terrorist Financing?
- Due diligence measures to deter money laundering and terrorist financing
- The “red flags” might help you to identify, prevent and report any (suspicious or actual) criminal activity
- The implications of offshore financial center on ML
Targeted Audience :
- Staff with specific anti money laundering duties
- Anti-Money Laundering (AML) / Compliance Professionals
- Senior Management
- All Staff working in financial services who want an introduction to anti money laundering
- Anyone who works within the regulated financial sectors, or to a career in anti-money laundering or fraud prevention
- Consultants
- Treasury Managers
- Auditors
- Lawyers
- Regulator or Advisor of Product / Services
- Credit Managers
Course Outlines :
DAY 1 : Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
- Why the Current Focus on Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)?
- Money Laundering & the Financing of Terrorism Definitions
- Differences and Similarities between Money Laundering and Terrorist Financing
- Key Stages of Money Laundering
- Typologies & Techniques of Money Laundering
- Indicators of Money Laundering
- Products and Services Vulnerable to Money Laundering or Terrorism Financing
- Money Laundering Trends in (Jurisdiction)
DAY 2 : The International Organizations of Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)
- The International bodies’ response to Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
- The International Measures to Prevent Money Laundering and Financing of Terrorism
- The Complex and Interrelated Risks with Respect to Money Laundering and Sanctions
- FATF and Its Roles of Anti-Money Laundering (AML)
- Customer Policies and Procedures
- International Legislation and Legislation Applicable to Your Jurisdiction
- The Wider Context for Financial Crime Risk and Regulation in which Your Firm Operates
- The Role and Responsibilities of (Front / Back Office / AML / Compliance Officer), and How these fit within the financial crime risk-management life cycle?
DAY 3 : Compliance Strategies
- Jurisdiction Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
- Laws and Regulations
- The Requirements for Robust Anti-Money Laundering Operations, Internal Controls, Procedures and Policies
- Cooperation with the Authorities and the Regulators
- Know Your Customer (KYC) and ID&V Rules
- Tipping-off
- Market Abuse and Insider Dealing
- Client Relations and Human Resources Strategies
- The Relevant Laws and Regulations in Your Jurisdiction, The International Standards and The Role of Law Enforcement
DAY 4 : Recognizing and Reporting Suspicious Transactions
- Statutory Obligations
- Identifying Suspicious Transactions
- Internal and External Reporting of Suspicious Transactions
- Identifying High-risk Indicators – Understand what to do with the information and whom to escalate it to
- The Role of the MLRO
- The Importance of Record Keeping
- Responsibilities of Firms / Banks and Individuals
- Setting-up Monitoring Procedures
DAY 5 : Money Laundering Detection Techniques
- Prevention, Detection and Due Diligence
- Early-Warning Mechanisms
- Designing Money Laundering and Terrorist Financing Risk Assessments
- Applying Know Your Customer (KYC) & Customer Due Diligence (CDD )
- Risk Management of Politically Exposed Persons (PEPs)
- Screening
- Best Practices Applicable to Firms / Banks
- Sanctions
European Business Center Training Methodology :
Our training work is presented in a professional and attractive manner.. Interspersed with interceptive information to renew attention throughout the training period… We aim with this method to train the listener and interact… In addition to practical applications that target the direct skills and knowledge required to be achieved.. It is presented to the trainees in more than one way.. Practical exercises and applications.. Surveys and questions.. A training strategy has been adopted based on pairing between the theoretical and the professional and between the local and the global.
What Does The Participant Get From The Course?
Each participant obtains an internationally accredited training certificate from the European Business Center for Training and Development … which has the ISO certificate in quality No. 9001/2015 from the English international company UKAS .. and receives a training bag containing the scientific material via an electronic flash … in addition to an enjoyable and useful training that is reflected Positive and developmental for individuals and the institution
Note :
We can implement the training course in any of the cities referred to in this course..at the appropriate and required time for the trainees..through joint coordination with the training department at the center..the training is implemented in a distinctive manner according to the best quality standards so that we meet all training requirements and needs.
International Accreditations
European Business Center for Training and Development has obtained international and official accreditations with the highest and best international levels scientifically and technically, which reflect the level of outstanding performance in our training work.. so that it achieves what each participant aspires to by obtaining the best certificates with officially approved scientific and technical standards.
