Anti Money Laundering

This course is designed to give you a broad overview of Money Laundering and Transparency Monitoring. It covers general definitions, common techniques and the broad legislative framework for detecting and reporting illegal activity. It also covers globally recognized procedures for mitigating the risk presented by money laundering and terrorism financing.

Topics Covered
This course covers the following topics:

  • Introduction to anti-money laundering
  • Money Laundering Cycle, Common money laundering techniques, and how to avoid them
  • Suspicious matter Reporting
  • Transparency and Accountability

What you will Learn
On completing this course, learners should be able to:

  • Define money laundering and avoidance
  • Recognize the key stages in money laundering and common techniques used by money launderers
  • Identify the objectives and principal elements of a ‘know your customer’ policy
  • Recognize some common indicators of money laundering
  • Delegates will be aware of AML/CFT (Anti Money Laundering /Countering of Terrorist Financing) subject and its implications
  • They will be able to understand the importance of Regulatory Expectations, how to work towards avoiding ML/TF abuse as an Industry professional
  • Identifying various Risk's associated from a perspective of ML/TF abuse you will be more alert to fight against the ML/TF abuse, while making a significant contribution to the financial Institution you work with

Course Outline 

  1. Understanding Money Laundering and how to avoid it
  2. Introduction to financial crimes Typology
    • Definition:What are AML and CTF: and how do they work?
    • Stages of Money Laundering
    • History of Money Laundering
    • Why are Countries & Governments Concerned? Risk's for banks/FI's and you.
    • Process of money laundering
    • Specific Trends/typologies of Money Laundering
    • The expansion of Money Laundering from drugs to corruption to terrorism
    • Few indicators of money laundering
    • Money Laundering: Prevention, Detection, & Investigation
  3. Compliance with Anti-Money Laundering Legislation
    • International Legislation and legislation applicable to the country where the course is being delivered
    • Sources of illegitimate funds
    • Trends in real world, ML problem in current era
    • Financial Red Flags
    • Procurement Red Flags
    • Methods of Money Laundering
  4. Effective Techniques for Interviewing Money Laundering Suspects
    • Money Laundering & Terrorist Financing
    • What is the purpose of the interview?
    • Interrogation versus an Interview
    • Characteristics of an Effective Interview
    • What to Consider, Who should be Interviewed
    • What to do if a suspect refuses to talk to make him or her talk professionally
  5. Recognizing and Reporting Suspicious Transactions
    • Detection Techniques
    • Investigating Money Laundering
  6. Money Laundering Detection Techniques
    • Combating Money laundering-Regulatory framework
    • Methods and techniques observed in cases involving suspected terrorist financing and money laundering
    • Internal Controls, Procedures and Policies Cooperation with the Authorities and the Regulators
    • Know Your Customer (KYC) and Identification and Verification (ID&V) Rules
    • Prevention,Detection and Due Diligence
    • Early-Warning Mechanisms
    • Characteristics of individuals suspected of terrorist financing activities