Anti-Money Laundering and Counter-Terrorist Financing Essentials

Financial crime puts institutions, their staff and their customers at risk.

3 daysIntermediate6 modules

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Overview

About this course

Financial crime puts institutions, their staff and their customers at risk. This three-day course explains how money laundering and terrorist financing work, the international standards behind AML and CFT obligations, and what a risk-based approach means in daily practice.

You will practise customer due diligence, spot red flags in realistic transactions and learn exactly how to escalate and report suspicions without tipping off. Case studies come from banking, money transfer and trade settings.

What you'll learn

Explain how money laundering and terrorist financing work and why they matter
Describe the international standards that shape AML and CFT obligations
Apply a risk-based approach to customers, products and channels
Carry out customer due diligence and enhanced due diligence
Recognise red flags and unusual transactions
Escalate and report suspicious activity correctly while avoiding tipping off

Curriculum

6 modules

What money laundering is: placement, layering, integration
Terrorist financing and how it differs
Proliferation financing in brief
Consequences for institutions and individuals

The FATF Recommendations
National laws and the financial intelligence unit
Targeted financial sanctions
Regulatory expectations of institutions

Institutional risk assessment
Customer, product, geographic and channel risk
Risk scoring and classification
Applying proportionate measures

Customer identification and verification
Beneficial ownership
Politically exposed persons
Enhanced and simplified due diligence
Ongoing monitoring and record keeping

Common red flags by sector
Trade-based money laundering
Cash, transfers and new payment methods
Transaction monitoring and alert review

Internal escalation and the compliance officer
Suspicious transaction reports
Tipping off and confidentiality
Training, culture and personal accountability

Who it's for

Front-line, operations, compliance and audit staff in banks, money transfer companies and other financial institutions.

Before you start

No formal prerequisites. Bring curiosity and a willingness to practise.

Diplomas

Part of these Alalamia diplomas

Alalamia Diploma in Banking and Financial Services

Let's plan your next step together.

Tell us the course or certification you have in mind and we'll send the outline, upcoming dates, fees and private-team options.

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