Anti-Money Laundering and Terrorist Financing and Prevention Practices

Details

This course will delve into the complex world of anti-money laundering and terrorist financing prevention. Participants will gain an understanding of the mechanisms used in money laundering and terrorist financing, the legal landscape, and the systems and controls necessary to detect and prevent these activities.

Target Group

This course is designed for professionals in banking, financial services, compliance officers, risk management professionals, and anyone involved in implementing AML and terrorist financing prevention measures.

Target Group: Professionals seeking to enhance their understanding and ability to implement effective anti-money laundering and terrorist financing prevention practices.

Goals

• Gain a comprehensive understanding of the mechanisms of money laundering and terrorist financing.
• Learn about the global and local regulatory landscape for AML and terrorist financing prevention.
• Understand the importance of Know Your Customer (KYC) procedures in preventing AML and terrorist financing.
• Develop skills to establish effective systems and controls to detect and prevent money laundering and terrorist financing.
• Learn how to train and educate employees about AML and terrorist financing prevention.

Target Competencies

• Understanding of money laundering and terrorist financing mechanisms.
• Knowledge of AML and terrorist financing regulations and laws.
• Ability to implement effective KYC procedures.
• Skills to establish systems and controls for AML and terrorist financing prevention.
• Ability to conduct employee training and awareness programs.

Outlines

Understanding Money Laundering and Terrorist Financing

• Introduction to money laundering and terrorist financing.
• The process of money laundering and terrorist financing.
• Impact of money laundering and terrorist financing on society and businesses.
• Real-world cases of money laundering and terrorist financing.

AML and Terrorist Financing Regulations and Laws

• Overview of international AML and terrorist financing regulations.
• Understanding local laws related to AML and terrorist financing.
• Role of regulatory bodies in AML and terrorist financing prevention.
• Compliance with AML and terrorist financing regulations.