Masterclass: Strengthening AML/CFT Compliance – India’s Sector-Specific Training

Led by Sanjay M Prabhu - CCM, AMLS, RCS, FCS (Accredited Trainer, GCI Australia & LIBF MENA)

📜 Course Overview

This India-focused AML/CTF Masterclass is designed for professionals across Banking, NBFCs, Audit, Law & Consulting Firms, Real Estate (DNFBPs), Gold and Jewellery (DPMS), Capital Markets, and Law Enforcement. The program provides a deep dive into AML/CTF frameworks, risk-based compliance, transaction monitoring, and regulatory reporting, ensuring adherence to:

• Prevention of Money Laundering Act (PMLA)

• Reserve Bank of India (RBI) AML Regulations

• Securities and Exchange Board of India (SEBI) Guidelines

• Insurance Regulatory and Development Authority of India (IRDAI) Compliance

• Financial Intelligence Unit – India (FIU-IND) Requirements

• Financial Action Task Force (FATF) Recommendations & Global AML/CFT Best Practices

Participants will gain actionable insights into sector-specific AML/CTF risks, regulatory expectations, enforcement trends, and risk-based approaches (RBA) to combat money laundering and terrorist financing.

📌 Key Learning Outcomes

✔ Regulatory Landscape & FATF Compliance

• AML/CFT Laws & Regulations: In-depth understanding of PMLA, RBI, SEBI, IRDAI guidelines

• Findings from India's National Risk Assessment (NRA) & its impact on AML strategies

• FATF Recommendations & Mutual Evaluation: Impact on Indian financial entities

✔ Sector-Specific ML/TF & Sanction Risks

• Identification of high-risk sectors & vulnerabilities

• Case studies on AML failures and enforcement actions

• FATF sanctions framework & red-flag indicators

✔ Risk-Based Approach (RBA) & Customer Due Diligence (CDD)

• Implementation of risk-scoring models for customer onboarding

• Best practices for KYC, Enhanced Due Diligence (EDD), and Politically Exposed Person (PEP) Screening

✔ Identifying & Verifying Ultimate Beneficial Owners (UBOs) – FATF Rec 24

• Transparency in legal ownership structures

• Assessing corporate vehicles & shell company risks

✔ Red Flag Indicators & Transaction Monitoring

• FATF’s early warning signs for suspicious transactions

• Advanced monitoring techniques & AI-driven AML solutions

✔ Regulatory Reporting & Compliance Controls

• FIU-India reporting obligations: Suspicious Transaction Reports (STRs), Cash Transaction Reports (CTRs), and Cross-Border Wire Transfer Reports (CBWTRs)

• Case-based training on identifying & investigating financial crimes

✔ Strengthening AML Governance & Internal Controls

• Enhancing compliance across First, Second, and Third Lines of Defense

• Developing internal AML/CFT compliance frameworks

• Mitigating enforcement risks & ensuring regulatory alignment

📖 Course Modules & Topics

📍 Module 1: AML/CTF Foundations

• Key distinctions between Money Laundering & Terrorist Financing

• Stages of Money Laundering: Placement, Layering, Integration

• Counter-Proliferation Financing: Identifying risks & red-flag indicators

📍 Module 2: Regulatory Framework & Sectoral Compliance

• PMLA, RBI, SEBI, IRDAI AML/CTF guidelines

• FIU-India compliance requirements

• FATF Mutual Evaluation & impact on India’s regulatory framework

📍 Module 3: Risk-Based AML/CFT Framework & Due Diligence

• Implementing Risk-Based Approach (RBA) for different industries

• Customer & Entity Risk Profiling: KYC, EDD, PEP & UBO Screening

• Cross-border AML risks & correspondent banking concerns

📍 Module 4: Transaction Monitoring, Red Flags & Investigations

• Setting up & optimizing Transaction Monitoring Systems (TMS)

• Identifying red flags & suspicious activity patterns

• Investigating & reporting financial crimes (STRs, CTRs, CBWTRs)

📍 Module 5: Case Studies & AML Compliance Failures

• High-profile AML failures & regulatory penalties

• Lessons learned & regulatory enforcement trends

📍 Module 6: Practical Exercises & Role Play

• Drafting & analyzing Suspicious Transaction Reports (STRs)

• Simulated AML investigation & regulatory reporting exercise

• Live Q&A & expert feedback session

📍 Registration & Training Details

📌 Mode: Live Virtual Training on Zoom

🔗 Register Here: Click to Secure Your Spot

🎓 Certificate of Completion provided

💡 Master India's AML/CFT compliance landscape with in-depth, sector-specific training! 🚀