Gain advanced AML/CFT knowledge, strengthen compliance programs, and
enhance CDD/EDD skills for high-risk clients. Master internal investigations,
reporting, and RegTech for effective compliance.
Learning Objectives:
- Deepen understanding of complex AML/CFT compliance frameworks and regulatory expectations.
- Analyze high-risk areas and advanced money laundering/terrorism financing typologies.
- Develop and implement robust compliance programs tailored to an organization’s risk profile.
- Strengthen expertise in customer due diligence (CDD) and enhanced due diligence (EDD) for high-risk clients.
- Master the process of conducting internal investigations and preparing reports for regulatory authorities.
- Understand the latest developments in regulatory technology (RegTech) for AML/CFT compliance.
- Learn to navigate international AML/CFT sanctions and apply a risk-based approach to compliance.
Course Outline:
Introduction to Advanced AML/CFT Compliance:
- Overview of evolving AML/CFT regulatory landscapes and enforcement trends.
Advanced Risk-Based Approach (RBA):
- Risk assessment methodologies for identifying and mitigating AML/CFT risks.
- Case studies on applying the risk-based approach to different sectors.
Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD):
- Deep dive into conducting EDD for politically exposed persons (PEPs) and high-risk clients.
- How to conduct ongoing monitoring and trigger event reviews.
Complex Money Laundering and Terrorism Financing Typologies:
- Analysis of sophisticated money laundering and terrorism financing methods.
- Red flags and indicators of complex laundering schemes.
Suspicious Activity Reporting (SAR) and Investigations:
- Techniques for investigating and preparing SARs in complex cases.
- Handling regulatory audits and responding to inquiries.
AML/CFT Compliance Framework Development:
- Designing and implementing comprehensive compliance programs.
- Training and awareness programs for staff on AML/CFT obligations.
Sanctions and Regulatory Compliance:
- Understanding international sanctions regimes (e.g., OFAC, UN, EU sanctions).
- Practical steps to ensure compliance with cross-border financial sanctions.
RegTech and AML/CFT:
- Introduction to the use of AI, machine learning, and data analytics in AML/CFT compliance.
- Automating compliance processes and improving reporting mechanisms.
Emerging Trends in AML/CFT:
- Latest global developments and the future of financial crime compliance.
Duration:
3-4 Days (depending on the depth of each topic and the use of case studies).
Level: Advanced
- Aimed at experienced professionals looking to deepen their knowledge.
Prerequisite:
Intermediate knowledge of AML/CFT concepts or completion of a foundational course.
Category:
- Financial Compliance/Regulatory Training
- Risk Management and Advanced Governance
