This fully CPD accredited Anti-money laundering (AML) Masterclass will help participants develop the required skills to support their organisations in preventing, detecting, and reporting money laundering activities, and countering terrorist finance.
This AML Masterclass is for founders, partners, beneficial owners, board members or senior managers who work in a regulated sector or anywhere large amounts of money, property or goods are bought, leased, sold or exchanged.
By the end of the masterclass participants will be able to explain and demonstrate a high level understanding of the Anti-money laundering process and risk factors.
In this masterclass you will learn about the following:
– What is Money Laundering
– What is Terrorist Financing
– Where does Money Laundering occurs
– The impacts of ML on the economy and society
– The Money Laundering Cycle
– What is Source of Wealth and Source of Funds
– Factors to consider at the time of risk rating a customer
– What is Enhanced Due Diligence
– What is a Risk Based Approached
– How to comply with AML Regulations
– What are the consequences of not being compliant
– Key AML organizational bodies & FATF Grey and Black list, FATF Mutual Evaluation
– Elements of an AML program
– Reporting suspicious behaviour
– What is Beneficial Ownership
– What are Virtual Currencies
– What is Screening
– What are Sanctions
– Global Sanction Regimes
– What are Politically Exposed Persons (PEPs)
– What are red flags
– Reporting suspicious behaviour
– Environmental, Social and Governance (ESG) & Proliferation Financing
Who is the course suitable for?
– Anti-Money Laundering (AML) Compliance professionals
– Senior Management in small and medium size corporations (Founders, Partners, Beneficial Owners, Board members)
– Professionals in Regulated Industries (accountants, financial services, law firms, real estate, etc)
– Senior managers appointed to oversee Anti-money Laundering or Know Your Customer functions
This masterclass can be taken at your own pace in any of the following formats:
– Desktop
– Laptop
– Tablet
– Smartphone devices
This masterclass includes:
– 3 hours video lessons
– Digital Certificate of Completion
– 3 Continuous Professional Development (CPD) credits
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AML Masterclass
- Introduction to Masterclass
- Masterclass Objectives and Content
- What is money laundering and terrorist financing
- Where does money laundering occur
- The impact of money laundering on our society and economy
- The money laundering cycle
- What should individual Governments be doing
- How to comply with AML/CFT Regulations
- Consequences of not being AML Compliant
- How to implement an effective AML Program
- Environmental, Social and Governance (ESG)
- Proliferation Financing
- Key AML Organizational Bodies
- FATF Grey and Black List
- FATF Mutual Evaluation
- Bank Secrecy Act
- Factors to consider at the time of risk rating a customer
- Factors to consider at the time of risk rating a customer – Product and Services Risk
- Factors to consider at the time of risk rating a customer Geography Risk
- What is Enhanced Due Diligence
- What is Risk Based Approach
- What is Beneficial Ownership
- Types of Beneficial Ownership
- What is Ultimate Beneficial Ownership
- What is AML Screening
- Scope of Screening
- Types of Screening – Adverse News Screening
- What are Sanctions
- Types of Screening – Sanction Screening
- Sanction Waivers, Licenses and Exceptions
- Politically Exposed Persons (PEPs)
- What is Source of Wealth and Funds
- Raising Awareness – Red Flags
- Why is it Important to Understand Red Flags
- Red Flags across all Industries
- Red Flags which indicate you shouldn’t enter into a relationship across any industry
- How to Improve the Assessment and Identification of Red Flags
- Reporting Suspicious Behaviour
- Masterclass Recap
