The Application of Anti Money Laundering and Counter-Terrorist Financing Regulations
International Compliance Association
Discover how criminals launder money and finance terrorism and the methods they use. You will also explore the AML policies and procedures financial institutions must implement to combat money laundering. This course is suitable for professionals with specific anti money laundering duties, operational or front-line staff or those considering embarking on a new career in AML.
About this Course
Discover how criminals launder money and finance terrorism and the methods they use. You will also explore the AML policies and procedures financial institutions must implement to combat money laundering. By the end of this short course, you will: Know how to money laundering and terrorist financing activities Understand customer due diligence (CDD) and the associated measures Know how to monitor client activity and recognise suspicious behaviour Understand the risks of disguised beneficial ownership and politically exposed persons (PEPs) Understand the formulation and compliance of AML/CFT policies and procedures Know about the importance of corporate culture and resources for effective AML/CFT efforts. This course is suitable for professionals with specific anti money laundering duties, operational or front-line staff or those considering embarking on a new career in AML.
What You'll Learn
- Identifying money laundering and terrorist financing activities
- Customer due diligence (CDD)
- Simplified due diligence
- Enhanced due diligence
- Plausibility testing
- Monitoring client activity
- Thoughts on CDD
- Beneficial owners
- Politically exposed person risk (PEP risk)
- Reporting suspicious activity
- Client confidentiality
- Handling the risk of tipping off