Anti Money Laundering (AML) Specialist

Anti-money laundering (AML) is mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent, detect, and report money laundering activities. 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.

This Anti-Money Laundering (AML) training is aimed at those wish to begin a career in anti-money laundering or who are already in a junior AML role. AML training course is covering the aspects of money laundering  and initiatives undertaken to combat terrorism including  regulations that govern financial institutions. The courses cover regulatory environment and focus on the role of the Money Laundering Reporting Officer in practical terms. Participants will learn about the importance of Customer Due Diligence (CDD) and sanctions monitoring as well as studying the AML risks involved in emerging industry sectors such as mobile financial services and e-payments.

The important features of the Anti-money laundering training course are:

• The structure of the AML/CTF regime in your jurisdiction
• Your fit into the AML/CTF regime
• Your obligations under the AML/CTF regime, including customer identification
• AML/CTF Programs
• Designated remittance service arrangements and correspondent banking
• Reporting of certain transactions; and record keeping.
• Consequences to you for not complying with your obligations

By the end of Anti Money Laundering (ALM) training course, delegates will be able to understand:

• The process of Money Laundering, measures against money laundering and initiatives taken by various organizations to combat terrorism.
• Comprehend the implications of offshore financial centers and non-cooperative countries on Money Laundering
• Understand the implications and penalties for non-compliance with Anti-Money Laundering legislations
• Explain how AML and CTF might be prevented
• Certain Principles that are to be adopted by banks to guard against money laundering
• 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 were undertaken by financial institutions to deter money laundering and terrorist financing.
• Regulations applicable to firms/banks.
• Detail how a company might become a target for Money Laundering and Terrorist Financing: and explain which “red flags” might help them to identify, prevent and report any (suspicious or actual) criminal activity
• Understand some of the other “hot spots” in Financial Crime

This course is suitable for anyone who works within the regulated financial sectors, including all businesses where large amounts of illegally obtained cash, property or goods could be bought, sold or exchanged.

Everyone involved in the global financial services industry (as a provider, Senior Management, user, AML/ Compliance Professionals, Auditors, Consultants, Analysts, Lawyers, accountants, regulator or advisor of product/services, marketplace/exchange) would benefit from this course.

Staff with specific anti-money laundering duties, anyone who aspires to a career in anti-money laundering or fraud prevention.

This highly practical and results-oriented program AML training course designed is based on adult learning concept. The facilitator will give plenty of input and then help participants to make sense of the themes through discussion and practice. It incorporates short inspiring demonstrations, case studies, presentations and much practice to enhance learning. There will be ample time for Q&A, discussions with ‘return to work’ action planning. The course will reinforce key concepts within an inspiring and engaging learning environment.

Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.