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Anti-Money Laundering (AML) Compliance Masterclass

Protection against the Risks of Money Laundering and Terrorist Financing

Anti-Money Laundering (AML) Compliance Masterclass

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BA15
29.Dec.2024 to 02.Jan.2025
Sharm El-Sheikh (Egypt) -
Cost 2750 £ GBP

Introduction

This Anti-Money Laundering (AML) Compliance Masterclass is designed to improve the fundamental skills required to assist your company in anti-money laundering and counter-terrorism finance, as well as how to stop, detect, and report money laundering activities.

This training course covers the regulatory background and focuses on the importance of Know Your Customer (KYC), Customer Due Diligence (CDD), sanctions monitoring, and the reasonable performance of the Money Laundering Reporting Officer.

You will research the AML risks associated with emerging industry divisions.

This is a rigorous and highly effective training program that will teach you how to avoid money laundering and the laws that make it a crime. It will improve your understanding of financial crime risks, global laws and regulations, laws and regulations applicable to your jurisdiction, and the rules and controls in place to detect and prevent financial crime.

This training course also addresses several issues concerning the nature of the financial services industry's services and products (namely, managing, controlling, and possessing money and property belonging to others), which makes it vulnerable to misuse by money launderers and the phases of money laundering and forces undertaken to combat terrorism, including regulations that govern financial institutions.

Course Objectives Anti-Money Laundering (AML)

By the end of this training course, you will be prepared to understand:

  • The manner of Money Laundering
  • Statutes applicable to firms/banks
  • FATF uses in Anti-Money Laundering
  • The disciplines for non-compliance with AML legislation
  • How Anti-Money Laundering and Countering Terrorist Financing (CTF) might be limited
  • How to determine how a Firm / Bank and its staff should protect themselves against the risks of Money Laundering and Terrorist Financing
  • Due diligence standards to deter money laundering and terrorist financing
  • The “red flags” might assist you to recognize, prevent and report any (suspicious or actual) criminal action
  • The implications of foreign financial center on ML

Course Methodology of Anti-Money Laundering (AML) 

Participants in this training course will get a sketch of the best manners of competing Anti-Money Laundering and terrorist finance. The training methodology involves case studies, group live instruction, presentation, and ongoing discussion of worked cases, videos, group discussions, and interactive sharing is supported.

Organizational Impact of Anti-Money Laundering (AML)

This training course is of direct relevance to Anti-Money Laundering (AML) and as a result, the companies will profit greatly from their employee’s participation. The company will develop from:

  • More efficient care for Anti-Money Laundering (AML) team
  • Greater significance and reliability of dissolving the regulatory
  • More strategic thinking and concentrate on achievement
  • More efficient use of identifying high-risk indicators
  • Qualification of staff for improved responsibility

Personal Impact of Anti-Money Laundering (AML)

This training course will be of personal benefit to participants by presenting you with:

  • Understanding Money Laundering, Terrorist Financing, and Commands
  • Vulnerabilities of financial institutions to money laundering and terrorist financing
  • Anti-money laundering and combating terrorist financing – legal and regulatory structures
  • Management responsibilities and the risk-based way to money laundering and terrorist financing
  • Greater knowledge of industry exercises, problems, and solutions
  • Raised understanding and assurance to complete tasks strongly
  • Improved self-confidence and motivation at work
  • Greater job achievement in providing quality support to management
  • Greater knowledge to manage, develop and motivate colleagues
  • The construction of the Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF) regime in your jurisdiction
  • Your access into the Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF) management
  • Designated remittance service classifications and correspondent banking
  • Recording of certain transactions, and record-keeping
  • Consequences to you for not complying with your responsibilities

Who Should Attend

This training course is planned to deliver the experience and skills, implementing details of the latest policies and methods to:

  • Staff with specific anti-money laundering obligations
  • Anti-Money Laundering (AML) / Compliance Professionals
  • Senior Management
  • All Staff working in financial services who need an entrance to anti-money laundering
  • Anyone who operates within the regulated financial divisions, or to a career in anti-money laundering or fraud prevention
  • Consultants
  • Treasury Managers
  • Auditors
  • Lawyers
  • Regulator or Advisor of Product / Services
  • Credit Managers

Course Outline

DAY 1

Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)

  • Why the Current Focus on Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)?
  • Money Laundering & the Financing of Terrorism Definitions
  • Differences and Similarities between Money Laundering and Terrorist Financing
  • Key Stages of Money Laundering
  • Typologies & Techniques of Money Laundering
  • Indicators of Money Laundering
  • Products and Services Vulnerable to Money Laundering or Terrorism Financing
  • Money Laundering Trends in (Jurisdiction)

DAY 2

The International Organizations of Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)

  • The International bodies’ response to Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
  • The International Measures to Prevent Money Laundering and Financing of Terrorism 
  • The Complex and Interrelated Risks with Respect to Money Laundering and Sanctions
  • FATF and Its Roles of Anti-Money Laundering (AML)
  • Customer Policies and Procedures
  • International Legislation and Legislation Applicable to Your Jurisdiction
  • The Wider Context for Financial Crime Risk and Regulation in which Your Firm Operates
  • The Role and Responsibilities of (Front / Back Office / AML / Compliance Officer), and How these fit within the financial crime risk-management life cycle?

DAY 3

Compliance Strategies

  • Jurisdiction Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)
  • Laws and Regulations
  • The Requirements for Robust Anti-Money Laundering Operations, Internal Controls, Procedures, and Policies
  • Cooperation with the Authorities and the Regulators
  • Know Your Customer (KYC) and ID&V Rules
  • Market Abuse and Insider Dealing
  • Client Relations and Human Resources Strategies
  • The Relevant Laws and Regulations in Your Jurisdiction, The International Standards and The Role of Law Enforcement

DAY 4

Recognizing and Reporting Suspicious Transactions

  • Statutory Obligations
  • Identifying Suspicious Transactions
  • Internal and External Reporting of Suspicious Transactions
  • Identifying High-risk Indicators - Understand what to do with the information and whom to escalate it to
  • The Role of the MLRO
  • The Importance of Record Keeping
  • Responsibilities of Firms / Banks and Individuals
  • Setting-up Monitoring Procedures

DAY 5

Money Laundering Detection Techniques

  • Prevention, Detection and Due Diligence
  • Early-Warning Mechanisms
  • Designing Money Laundering and Terrorist Financing Risk Assessments
  • Applying to Know Your Customer (KYC) & Customer Due Diligence (CDD )
  • Risk Management of Politically Exposed Persons (PEPs)
  • Screening
  • Best Practices Applicable to Firms / Banks 
  • Sanctions

Associations

BA15
29.Dec.2024 to 02.Jan.2025
Sharm El-Sheikh (Egypt) -
Cost 2750 £ GBP