Global Certifications → IGCA International Governance & Compliance Association

Certificate in Anti-Money Laundering (AML) (CAMLI2020)


Description
About the Certificate

Participants will investigate what is ML, what constitutes a risk-based approach in dealing with ML and the relevant policies and procedures that may be adopted by a financial institution as part of coherent AML Strategy. In addition, participants will be provided with an overall assessment of international economic sanctions and how these are a valuable tool in combating ML. The Certificate also offers participants, a practical perspective of how AML attempts have been formally incorporated and have led to the creation of legal frameworks that aim to prevent ML practices. The knowledge obtained by undertaking this Certificate is an invaluable asset for professionals that seek to enhance their career prospects in AML that is becoming an increasingly significant issue for financial institutions.

Topics covered

• Money laundering methods, techniques, red flags, key risk areas and compliance best practices & checklists
• KYC and CDD: Beneficial ownership, money laundering risks in gatekeeper roles, politically exposed persons, and much more
• Economic Sanctions and relevant frameworks
• Vulnerabilities of Financial Institutions
• Legal Framework for AML – A practical perspective
• Case Studies and analysis

Expected Learning Outcomes

• Identify ML-related risks and dangers that need to be dealt through a rigid AML strategy
• Understand ML risk assessment and management and learn how to design a comprehensive AML risk-based approach
• Review the relevant processes and procedures that need to be adopted as part of an AML strategy
• Gain a practical perspective through a review of the relevant legal framework that covers AML
• Understand the importance of sanctions and how these can be utilised as a tool to combat ML

Target Audience

Individuals who aspire for a career in AML, staff with specific anti money laundering duties and staff working in financial services who want a comprehensive training in AML.

No previous knowledge or experience is required although it is assumed that participants have good knowledge of English and a sound education background.

Format

• Register at any time
• Study in your own time and at your own pace (you have up to 3 months to complete the Certificate)
• Assessed by online multiple-choice exam

What is included

• 15 hours of self-paced online interactive learning including analysis of 5 practical case studies
• 1-year free IGCA membership
• Online Exam and IGCA Certificate



Completion Requirements

• Success in all the unit tests. Each unit is allocated two, three or four Multiple Choice questions (MCQs). In total 33 MCQs with a pass mark of 70% and an unlimited number of attempts. Each unit test is 10 minutes.
• Success in the final test of 40 MCQs for the completion and award of the Certificate in Anti Money Laundering, issued by the International Governance and Compliance Association (IGCA). The pass mark is 70% and two attempts are permitted. The final test is 60 minutes.

Accreditation and CPD Recognition

This programme has been developed by the European Institute of Management and Finance (EIMF), an EU recognised training institution.

The syllabus is verified by external subject matter experts and may be accredited by financial regulators such as CySEC, and general financial training accreditation bodies, such as CISI and ACAMS, for 15 CPD Units.

Registration and Access

To register for this course, click on the Get this course button to pay online. If you wish to receive an invoice instead of paying online, please Contact us here.
Content
  • AML Fundamentals
  • Anti-Money Laundering and Terrorism Financing
  • AML & TF Overview Multiple-Choice Questions
  • AML RISK
  • Assessing and Managing the ML/TF Risk
  • Assessing and Managing the MLTF risk Multiple-Choice Questions
  • Risk Assessments for Money Laundering
  • Risk Assessments for Money Laundering (ML) Multiple-Choice Questions
  • Risk-Based Approach
  • Risk-Based Approach (RBA) Multiple-Choice Questions
  • Risk Management for AML
  • Risk Management for AML Multiple-Choice Questions
  • AML Policies and Procedures
  • Know your Clients (KYC) and Customer Due Diligence (CDD)
  • KYC and CDD - Multiple Choice Questions
  • Simplified and Enhanced Due Diligence measures
  • Simplified and Enhanced Due Diligence Measures Multiple-Choice Questions
  • Transaction Monitoring
  • Transaction Monitoring Multiple-Choice Questions
  • Suspicious Transactions Reporting
  • Suspicious Transactions Reporting Multiple-Choice Questions
  • INTERNATIONAL ECONOMIC SANCTIONS
  • Sanctions and Global Sanctions Frameworks
  • International Economic Sanctions - Multiple Choice Questions
  • Vulnerabilities of Financial Institutions to ML and TF
  • Industry Specific Vulnerabilities Part I
  • Industry Specific Vulnerabilities I Multiple-Choice Questions
  • Industry Specific Vulnerabilities Part II
  • Industry Specific Vulnerabilities II Multiple-Choice Questions
  • THE EU and UK Legal Framework for AML – A practical perspective
  • AML 4th Directive Overview
  • AML 4th Directive Overview Multiple-Choice Questions
  • AML 5th Directive: Overview Proposed Amendments
  • AML 5th Directive Multiple-Choice Questions
  • The UK Legal Framework
  • The UK Legal Framework - Multiple Choice Questions
  • CASE STUDIES
  • Case Studies: Money laundering Scandals
  • Quiz on Danske Bank Case Study
  • Quiz on Swedbank Case Study
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever