Anti-Money Laundering (AML) and Compliance

This comprehensive course delivers a deep dive into Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT), offering practical and regulatory insights essential for compliance professionals. Participants will explore the global impact of money laundering, key legal frameworks, and the critical role of financial institutions and designated non-financial businesses and professions (DNFBPs) in disrupting illicit financial flows. The course emphasizes real-world application of compliance strategies, including Customer Due Diligence (CDD), Suspicious Transaction Reporting (STR), and sanctions adherence. Learners will gain the knowledge and tools necessary to build, implement, and maintain robust AML/CFT programs—and understand the serious consequences of non-compliance.

Learning Objectives:

By the end of this course, participants will be able to:

• Define money laundering, terrorist financing, and proliferation financing, and describe their stages and typologies.
• Interpret international and domestic AML/CFT legal and regulatory frameworks, including FATF recommendations and local legislation.
• Identify the roles and responsibilities of financial institutions and other regulated entities in ensuring AML compliance.
• Apply Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures across varying risk profiles.
• Recognize red flags, behavioral indicators, and transaction patterns associated with money laundering and terrorism financing.
• Draft and submit Suspicious Transaction Reports (STRs) in line with regulatory expectations and internal protocols.
• Explain the principles and significance of sanctions compliance, including screening and reporting obligations.
• Develop the core elements of an effective, risk-based AML/CFT compliance program.
• Assess the legal, reputational, and operational consequences of AML/CFT non-compliance