Chrome Consultants

Anti-Money Laundering (AML) Compliance Masterclass

Program description & objectives

Program description & objectives This Anti-Money Laundering (AML) Compliance Masterclass is designed to develop the essential skills necessary to enable you to understand and have an expanded knowledge of AML and Counter Terrorism financing. The program also focuses on how to prevent, detect, and report money laundering activities. Furthermore, this training course covers regulatory environment and focuses on the importance of Know your Customer (KYC), the importance of Customer Due Diligence (CDD), sanctions monitoring and the role of the Money Laundering Reporting Officer in practical terms. Delegates will learn about studying the AML risks involved in emerging economies. This is an intensive and highly practical training program qualifying delegates to become proficient in the AML process and the laws that make it a crime. It will raise awareness of financial crime risks, global laws and regulations, laws and regulations applicable to delegates’ jurisdiction, and the systems and controls aimed at detecting and preventing financial criminal acts. Finally, this training course delves into several topics regarding the nature of the services and products offered by the financial services industry such as managing, controlling, and possessing money and property belonging to others, and other means that are vulnerable to abuse by money launderers. The program also explores aspects of the money laundering and initiatives undertaken to combat terrorism including regulations that govern financial institutions. By the end of this Oxford training course, delegates will be able to understand: - The process of Money Laundering - FATF roles in Anti-Money Laundering - The penalties for non-compliance with AML legislation - How Anti-Money Laundering and Countering Terrorist Financing (CTF) might be prevented - How an organization and its staff should protect themselves against the risks of ML & TF - Due diligence measures to deter money laundering and terrorist financing - How “red flags” might help identify, prevent & report (suspicious or actual) criminal activities - The implications of offshore financial center on ML

Venues, Dates & Cost

VenuesDubaiDublinEdmontonGhanaLondonNigeria
DatesTBDTBDTBDTBDTBDTBD
Cost$3,800 per participant (USD)(=N=)

For Whom

  • Compliance Officers, Team Leaders, and Managers
  • Regulators of Foreign Exchange Markets and Operations
  • Financial Crime & Fraud Prevention Employees

Snapshot of Course Content

MODULE 1: Anti-Money Laundering (AML) and Countering Terrorist Financing (CTF)

  • Why the Current Focus on Anti-Money Laundering (AML) / Countering Terrorist Financing (CTF)?
  • Money Laundering & the Financing of Terrorism Definitions
  • Differences and Similarities between Money Laundering and Terrorist Financing
  • Key Stages of Money Laundering
  • Typologies & Techniques of Money Laundering
  • Indicators of Money Laundering
  • Products and Services Vulnerable to Money Laundering or Terrorism Financing
  • Money Laundering Trends in (Jurisdiction)

MODULE 2: The International Organizations of AML / CTF

  • The International bodies’ response to AML and CTF
  • The International Measures to Prevent Money Laundering and Financing of Terrorism
  • The Complex and Interrelated Risks with Respect to Money Laundering and Sanctions
  • FATF and Its Roles of AML
  • Customer Policies and Procedures
  • International Legislation and Legislation Applicable to Your Jurisdiction
  • The Wider Context for Financial Crime Risk and Regulation in which Your Firm Operates
  • The Role and Responsibilities of (Front / Back Office / AML / Compliance Officer), and How these fit within the financial crime risk-management life cycle?

MODULE 3: Compliance Strategies

  • Jurisdiction AML and CTF Laws and Regulations
  • The Requirements for Robust AML Operations, Internal Controls, Procedures and Policies
  • Cooperation with the Authorities and the Regulators
  • Know Your Customer (KYC) and ID&V Rules
  • Tipping-off
  • Market Abuse and Insider Dealing
  • Client Relations and Human Resources Strategies
  • The Relevant Laws and Regulations in Your Jurisdiction, The International Standards, and The Role of Law Enforcement

MODULE 4: Recognizing and Reporting Suspicious Transactions

  • Statutory Obligations
  • Identifying Suspicious Transactions
  • Internal and External Reporting of Suspicious Transactions
  • Identifying High-risk Indicators – Understand what to do information and whom to escalate it to
  • The Role of the MLRO
  • The Importance of Record Keeping
  • Responsibilities of Firms / Banks and Individuals
  • Setting-up Monitoring Procedures

MODULE 5: Money Laundering Detection Techniques

  • Prevention, Detection and Due Diligence
  • Early-Warning Mechanisms
  • Designing Money Laundering and Terrorist Financing Risk Assessments
  • Applying Know Your Customer (KYC) & Customer Due Diligence (CDD)
  • Risk Management of Politically Exposed Persons (PEPs)
  • Screening
  • Best Practices Applicable to Firms / Banks
  • Sanctions