.png)
Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) and Compliance
in Public Financial Education
Created by
ISDIS
Course description
This comprehensive course provides an in-depth understanding of Anti-Money Laundering (AML) principles, regulations, and best practices. It covers the global context of money laundering, its impact on financial systems, and the legal and regulatory frameworks designed to combat it. Participants will learn about customer due diligence (CDD), suspicious transaction reporting (STR), sanctions compliance, and the role of financial institutions and designated non-financial businesses and professions (DNFBPs) in preventing illicit financial flows. The course emphasizes practical compliance strategies and the consequences of non-compliance.
Learning Objectives:
Upon completion of this course, students will be able to:
- Define money laundering, terrorist financing, and proliferation financing, and explain their stages and methods.
- Understand the international and national legal and regulatory frameworks for AML/CFT (Countering the Financing of Terrorism).
- Identify the key roles and responsibilities of financial institutions and other regulated entities in AML compliance.
- Apply Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) principles.
- Recognize red flags and patterns of suspicious activity indicative of money laundering or terrorist financing.
- Prepare and submit Suspicious Transaction Reports (STRs) effectively.
- Explain the importance of sanctions compliance and its implications.
- Describe the elements of an effective AML/CFT compliance program within an organization.
- Understand the consequences of non-compliance for individuals and institutions.
