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Duration 14 hours (2 days)
Course Outline
Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT)
- Comprehending Money Laundering and Terrorist Financing
- The nature of AML and CTF: definitions and operational mechanics.
- The criminalization of Money Laundering and Terrorist Financing, including the specific offenses covered under Financial Crime Prevention legislation.
- The evolution of Money Laundering schemes from drug trafficking to corruption and terrorism.
The International Response to AML and CFT
- The global community's reaction to AML and CTF following the 9/11 events.
- A focus on the Financial Action Task Force (FATF), covering:
- Membership classifications (including specific country affiliations).
- The 40 Recommendations on AML and the additional 9 Recommendations on CTF.
- The organization's impact on both domestic and international legislative frameworks.
Compliance with Anti-Money Laundering Laws
- Review of international legislation and the specific laws applicable in the country where the course is conducted.
- An analysis of UK Regulations and Legislation (for comparative purposes), primarily focusing on The Proceeds of Crime Act 2002 (POCA).
Strategies for Compliance
- Establishing internal controls, procedures, and policies.
- Fostering cooperation with regulatory bodies and authorities.
- Implementing Know Your Customer (KYC) and Identification and Verification (ID&V) protocols.
- Assessing the impact on corporate strategy, client relationships, and human resources.
Identifying and Reporting Suspicious Transactions
- Understanding statutory obligations.
- Recognizing indicators of suspicious transactions.
- Procedures for internal and external reporting of suspicious activity.
Techniques for Detecting Money Laundering
- Implementing prevention, detection, and due diligence processes.
- Developing early-warning mechanisms.
Future Outlook
- Identifying current hotspots in financial crime.
- Examining future trends and developments in AML and CTF.
Additional Areas of Financial Crime Concern
- Fraud.
- Information Security.
- Market Abuse and Insider Dealing.
- Sanctions.
Requirements
No prior requirements.
Custom Corporate Training
Training solutions designed exclusively for businesses.
- Customized Content: We adapt the syllabus and practical exercises to the real goals and needs of your project.
- Flexible Schedule: Dates and times adapted to your team's agenda.
- Format: Online (live), In-company (at your offices), or Hybrid.
Price per private group, online live training, starting from 2600 € + VAT*
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Testimonials (1)
The trainer did not leave a single minute unexploited! He was up a storm throughout every lesson and provided much material for whatever he dealt with.
