Effective Anti-Money Laundering (AML) programs – to ensure AML compliance — are a fundamental requirement for obliged entities. Ensuring effective policies, procedures, human resources and technologies helps protect the organization and instills confidence in its operations.

Description

An introduction to the basic concepts of AML so that participants with no material previous exposure will get a basic understanding of both the various mechanisms through which money can be laundered and the challenges presented in identifying such suspicious activities.

Training Duration

This course may take up to 2 hours to be completed. However, actual study time differs as each learner uses their own training pace.

Participants

This course is ideal for anyone wishing to be introduced to the money laundering prevention and the regulatory provisions of anti-money laundering. It is also suitable to professionals pursuing regulatory CPD in Financial Regulation.

Training Method

The course is offered fully online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop and resume their training at any time.

At the end of the each training modules, participants take a Quiz to complete their learning and earn a Certificate of Completion.

Course Objectives

• Basic AML Principles & Terrorist Financing (TF)
o Definitions of ML and TF
o Concept and Consequences
o Stages of ML
o ML Types of Offences
o Financing of Terrorism
o Differences
o Similarities
o Examples
o Test (10 questions, pass 70%)

• Regulated Authorities and Penalties
o CYSEC - Cyprus
o FCA - United Kingdom
o ASIC - Australia
o IFSC - Belize
o DFSA - UAE
o Examples
o Test (7 questions, pass 70%)

• AML Compliance
o Duties and Responsibilities of MLRO
o Employees obligations, education and training
o Basic Due Diligence Requirements
o Risk Based Approach Requirements
o Suspicious Activities and Transactions
o Submission of internal suspicious activity reports
o Examples
o Test (10 questions, pass 70%)

Accreditation and CPD Recognition

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

The syllabus is verified by external subject matter experts and can be accredited by regulators and other bodies for 2 CPD Units that approve education in financial regulation.

Access

Access to the course is valid for 90 days.