Anti-Money Laundering (AML) and Combating Terrorist Financing (CTF)

By the end of this course, participants will be able to:

1. Understand the concepts, methods, and risks associated with money laundering and terrorist financing.

2. Identify and assess AML/CFT risks within their organizations or sectors.

3. Interpret and apply key international standards and regulatory frameworks including FATF Recommendations.

4. Develop and implement effective AML/CFT internal control systems and compliance programs.

5. Report suspicious activities and transactions in compliance with national and international regulatory requirements.

All Senior Management who need a working knowledge of AML / CTF and their prevention – and an awareness of the other relevant and current Financial Crime issues;

1. Introduction to Money Laundering and Terrorist Financing

   1. Definitions, Concepts, and Typologies

   2. The Global Impact of AML/CFT Non-Compliance

2. International Legal & Regulatory Frameworks

   1. FATF Recommendations

   2. Basel Committee Guidelines

   3. United Nations and Regional Conventions

3. National AML/CFT Legislation and Enforcement

   1. Overview of Local AML/CFT Laws

   2. Role of Regulators and Enforcement Agencies

4. Money Laundering Techniques and Methods

   1. Placement, Layering, Integration Processes

   2. Emerging Threats: Virtual Assets, Cryptocurrencies

5. Risk-Based Approach to AML/CFT Compliance

   1. Identifying, Assessing, and Mitigating Risks

   2. Customer Due Diligence (CDD) and Know Your Customer (KYC) Procedures

6. Suspicious Transactions Reporting (STR) and Record Keeping

   1. Identifying Suspicious Activities

   2. Reporting Requirements and Procedures

7. Developing an Effective AML/CFT Compliance Program

   1. Components of a Compliance Program

   2. Role of Compliance Officers

8. Sanctions Screening and Transaction Monitoring

   1. Sanctions Lists and Watch Lists

   2. Automated vs. Manual Monitoring

9. Case Studies and Typologies

   1. Real-Life Examples of Money Laundering & Terrorist Financing Cases

   2. Lessons Learned

10. Emerging Trends and Challenges in AML/CFT

    1. Technological Advances in Financial Crime

    2. Regulatory Expectations for New Sectors (e.g., Fintech, NGOs)