Certificate in Anti-Money Laundering (CAML)
5 DaysCertificate in Anti-Money Laundering (CAML)
The British Academy for Training and Development offers a comprehensive course of Certificate in Anti-Money Laundering (CAML) - Virtual Learning. The course prepares attendees for time immemorial concerning knowledge and comprehension of anti-money laundering and the regulations covering it, including international norms for compliance. They teach in terms of risk assessment to be able to recognise and counteract suspicious transactions. The whole course includes customer due diligence and enhanced due diligence requirements on KYC policy compliance. The course also deals with suspicious activity reporting investigations into criminal acts, money laundering prevention and illicit money-system activities by financial intelligence units. Such professionals will know about sanctions compliance and internal controls to better equip them in fighting against money laundering. By the completion of this course, professionals will take on AML compliance frameworks that strengthen their role in safeguarding organisations against financial crime risks.
Overview
Course Objectives
Objective:
The objective of Certificate in Anti-Money Laundering (CAML) - Virtual Learning, is:
To provide an extensive understanding of money laundering regulations and international compliance frameworks. To equip professionals with the techniques of assessing risk to identify and prevent suspicious activities. To widen the knowledge of Know Your Customer (KYC) and CDD activities. To build skills on suspicious activity reporting (SAR) and the role of financial intelligence units (FIUs). To develop a greater awareness of sanctions compliance and internal controls for the prevention of financial crime.Understand international money laundering standards and the participants' role as an Anti-Money Laundering Officer or Money Laundering Reporting Officer (MLRO) within their organisation.
Target Audience
This course is ideal for:
Banking and finance professionals concerned with the AML compliance.Risk control officers, internal auditors, legal officers, and compliance officers mainly in financial institutions. Investigators of financial crimes from law enforcement agencies. Authorities that oversee the AML landscape for regulations and governance.
Course Outline
Introduction to Anti-Money Laundering (AML)
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Definition and significance of AML.
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Global impact of money laundering.
Legal and Regulatory Framework
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International AML regulations and compliance.
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Role of Financial Action Task Force (FATF) and other regulatory bodies.
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Local and international legal frameworks.
Know Your Customer (KYC) and Customer Due Diligence (CDD)
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Importance of KYC policies in AML.
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Difference between CDD and Enhanced Due Diligence (EDD).
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Identifying high-risk customers.
Risk-Based Approach to AML Compliance
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Assessing AML risks in different sectors.
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Implementing risk-based controls.
Suspicious Activity Reporting (SAR) and Financial Intelligence Units (FIUs)
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How to identify and report suspicious transactions.
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Role of FIUs in financial crime investigations.
Sanctions Compliance and Internal Controls
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Understanding international sanctions programs.
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Implementing internal AML policies and controls.
AML Compliance Frameworks and Best Practices
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Establishing an effective AML compliance programme.
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Technology and innovation in AML compliance.
Schedule & Fees
No upcoming sessions at the moment. Contact us for custom scheduling.