Anti-Money Laundering Certificate

According to the Financial Action Task Force (FATF), money laundering involves processing the proceeds of crime to disguise their illegal origin, allowing criminals to benefit from their gains without exposing their source. When not properly addressed, money laundering can lead to serious social and political consequences.

Compliance professionals and front-line staff—supported by effective AML technologies— play a critical role in combating this global issue. Through this AML course, you’ll learn how your role contributes to preventing money laundering and the meaningful impact you can make.

The AML Foundations course simplifies a complex subject into a manageable, step-by-step learning journey. Upon completion and successful assessment, you’ll receive a recognized anti-money laundering certificate.

Key Highlights:

• Designed for professionals new to AML compliance
• Ideal for those whose roles involve detecting, preventing, and reporting money laundering and financial crimes
• Developed and delivered by global AML subject matter experts
• Includes real-world examples from multiple countries for a global perspective
• Industry-agnostic content applicable across various sectors
• Special focus on financial institutions, including:
  01. Banks and credit unions
  02. Asset managers and insurance companies
  03. Money services businesses (MSBs)
  04. Securities broker-dealers
  05. Credit card issuers and alternative payment systems

Course Content:

• Getting started

  Introduction

  • Instructions
  • Introductory case video
  • What would you do
  • Feedback
  • Learning objectives
• What is financial crime?

  Types of financial crime

  • What is financial crime?
  • Money laundering
  • AML Case Example
  • Terrorist financing
  • CFT Case Example
  • Sanctions
  • Sanctions screening Amazon (Case Example)
  • Fraud
  • Fraud Case Example
  • Anti-bribery and corruption
  • ABC Case Example
  • Tax avoidance vs tax evasion
  • Tax avoidance vs tax evasion: Panama Papers (Case example)
• Risk from financial crime

  What is risk?

  • Types of risk: Regulatory, legal, financial, reputational
  • International regulations and guidance
  • Categories of risk: Customer, jurisdiction, product, channel
  • Customer risk and red flags
  • Politically exposed person risk and red flags
  • Beneficial ownership
  • Ultimate beneficial ownership
  • Shell company risk and red flags
  • Cash-intensive business risk and red flags
  • Jurisdiction risk and red flags
  • Money Services Businesses and high-risk jurisdictions
  • Product risk and red flags
  • Life insurance product risk and red flags
  • Channel risk and red flags
  • Electronic transfer of funds risk and red flags
  • Remote deposit capture risk and red flags Risk-based approach
  • Risk-based approach to business
  • Controlling risk
  • Residual risk equation
  • Risk-rating by applying your institution’s policies and tools
• Compliance roles

  Know your role in compliance

  • Three lines of defense
  • Risk-based escalation
  • Dual controls
  • Independence of the second line
  • Role of MLRO
  • Audit as the third line of defense
• Risk management programs

  Know Your Customer

  • KYC is intended to manage risk
  • KYC Case example
  • Transaction monitoring
  • Transaction monitoring is intended to manage risk
  • Transaction monitoring process
  • Typical scenarios that would generate an alert
  • Transaction monitoring Case example
  • Sanctions compliance
  • Who imposes sanctions
  • Internet search: Sanctions screening
  • Transaction monitoring vs name screening
  • Consequences: regulatory, financial, reputational (Case example)
• Due diligence

  Research process

  • Investigative mindset
  • Four research steps
  • Levels of due diligence
  • CDD for a natural person
  • CDD for a legal person
  • Information sources
  • Criteria for selecting standard customer research sources
  • If you need more information
  • Tipping of
  • Organizing what you learn
  • How much research is reasonably enough?
  • Following organization-specific policies and procedures
  • Filter what customer information is relevant and important
  • Data security and privacy
  • Documenting your research
  • Customer profile structure and format
• Actions

  Your obligation

  • Duty to report
  • Suspicious activity escalation process
  • How your organization might act
  • What is a SAR/STR?
  • Who writes a SAR in your organization?
  • Transaction monitoring and ongoing reviews
  • Maintaining an account after unusual activity
  • Refusing or terminating a customer