ICA: Anti Money Laundering and Counter-Terrorist Financing
Learn about money laundering, terrorism financing methods, and AML policies that financial institutions must implement to combat these criminal activities.
Learn about money laundering, terrorism financing methods, and AML policies that financial institutions must implement to combat these criminal activities.
Discover how criminals launder money and finance terrorism and the methods they use in this introductory course. You'll explore AML policies and procedures financial institutions implement to combat money laundering, understand customer due diligence protocols, learn to monitor client activity, recognize suspicious behavior, and grasp the importance of corporate culture in effective AML/CFT efforts. This course is perfect for professionals with anti-money laundering responsibilities, operational staff, or those beginning a career in AML compliance. By the end of this comprehensive training, you'll be able to identify money laundering activities, understand different due diligence levels, monitor client transactions effectively, assess beneficial ownership risks, and implement proper reporting procedures while maintaining confidentiality.
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What you'll learn
Identify money laundering and terrorist financing activities and the methods used by criminals
Comprehend customer due diligence requirements including simplified and enhanced due diligence protocols
Develop skills to monitor client activity and recognize suspicious behavior patterns
Assess risks related to disguised beneficial ownership and politically exposed persons
Implement appropriate AML/CFT policies and procedures while maintaining client confidentiality
Recognize the importance of corporate culture in supporting effective anti-money laundering efforts
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
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Module Description
This comprehensive course covers the fundamentals of anti-money laundering (AML) and counter-terrorist financing (CFT) regulations and their practical application in financial institutions. Participants will learn how to identify money laundering and terrorist financing activities and understand the methods criminals use to disguise illicit funds. The course thoroughly explores customer due diligence (CDD) procedures, including simplified and enhanced approaches, plausibility testing, and effective client activity monitoring. Students will gain valuable insights into beneficial ownership structures, politically exposed person (PEP) risk assessment, and proper suspicious activity reporting protocols. The training also addresses essential compliance considerations such as maintaining client confidentiality while avoiding the risk of tipping off suspects. Throughout the course, emphasis is placed on developing and implementing effective AML/CFT policies and procedures within financial organizations.
Fee Structure
Payment options
Financial Aid
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