Anti-Money Laundering Specialist (AMLs) Certification

Course Overview:

Dive deep into the principles of AML/CTF, the stages of money laundering, and terrorist financing. Learn how to develop an effective AML program using a risk-based approach, utilize transaction monitoring systems (TMS), and conduct investigations for suspicious transactions.

Key Topics:

• AML/CTF Principles & Stages of Money Laundering: Overview and distinctions between money laundering and terrorist financing.

• Risk-Based AML/CTF Framework: Developing an AML program, customer risk rating, and transaction monitoring.

• Transaction Monitoring Systems (TMS): Building TMS, alert investigations, and red flag identification.

• AML Investigations & Reporting: Best practices for reporting suspicious transactions to Financial Intelligence Units (FIUs).

• Counter-Proliferation Financing: Identifying and mitigating risks related to financing proliferation.

Practical Activities:
Develop a comprehensive Suspicious Transaction Report (STR) based on complex transaction patterns.

Case Studies:
Analysis of AML compliance failures in major financial institutions and the penalties faced.

Role Play:
Simulate a suspicious activity investigation, including reporting findings to relevant authorities.

Q&A, Feedback, and Wrap-Up.