Anti-money Laundering (AML)
Corporate Training Courses Company

Anti-money Laundering (AML)

Course schedule

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Course Overview

This comprehensive course equips delegates with essential AML knowledge, focusing on detecting and preventing financial crimes. Participants will learn to identify red flags, comply with regulations, and implement effective anti-money laundering strategies. By the end, delegates will enhance their ability to safeguard their organisation against financial misconduct and ensure robust compliance with AML laws.

Who Should Attend

Those for whom finance is part of their responsibility and need a greater understanding of finance. They will be from all sectors, including private, public and not-for-profit including:

  • Those who are non-specialists in finance
  • Budget holders who are responsible for creating and managing their department’s budgets
  • Operations managers who want to know more about cost management and projects
  • Senior sales and marketing employees who have to understand financial statements
  • Senior managers who require greater financial literacy skills
  • Managers facing financial decisions or expect to make a contribution to a wider planning process

Course Outcomes

  • Interpret and apply financial information in a business environment
  • Put together a budget to justify expected expenditure
  • Develop skills in interpreting financial statements and calculating selected key ratios
  • Measure budgetary performance
  • Conduct effective investment appraisals

Course Topics

The Scope of Money Laundering

  • What is money laundering?
  • How money is laundered
  • The money laundering offences
  • How money laundering destroys value
  • Terrorist financing

Regulatory Frameworks

  • International Bodies and Standard Setters
  • National Regulatory Frameworks
  • The impact of the FATF standards and recommendations on domestic frameworks
  • Industry and professional guidance
  • Examples of other jurisdictions

The Risk-based Approach

  • What is a risk-based approach?
  • FATF guidance on the risk-based approach
  • Determining the risks
  • Implementing a risk-based approach
  • The role of the money laundering reporting officer

AM Tools

  • Tool 1: KYA (Know Your Assets)
  • Tool 2: KYB (Know Your Business)
  • Tool 3: KYC (Know Your Customer)
  • Tool 4: CDD (Customer Due Diligence)
  • Tool 5: EDD (Enhanced Due Diligence)
  • Tool 6: SDD (Simplified Due Diligence)

Recognising and Reporting Suspicions

  • The international requirements
  • Currency transaction reporting
  • What is meant by suspicion and reasonable grounds to suspect?
  • What constitutes suspicious activity?
  • The SAR/STR process and its documentation
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