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Anti Money Laundering

Anti Money Laundering

ACCOUNTING, FINANCE AND BANKING


Anti Money Laundering

Course Description:

In this course, participants will learn the basic concepts of money laundering and the financing of terrorism, and the latest international developments in the area of anti-money laundering and combating the financing of terrorism.  Participants will also develop skills in conducting customer due diligence and detecting suspicious transactions.

Course Objectives:

  • Describe money laundering and how it differs from the financing of terrorism.
  • Describe the international framework for money laundering and the financing of terrorism.
  • Identify the role and function of financial intelligence units (FIUs) domestically and internationally.
  • Describe the customer due diligence process
  • Explain the role of financial institutions in the field of AML/CFT.
  • Describe the compliance function in financial institutions.
  • Develop detection skills through hands-on practice.

Course Outline:

Understanding Money Laundering and the Financing of Terrorism

  • What is money laundering?
  • What is terrorist financing?
  • The differences between money laundering and the financing of terrorism.
  • How is money laundering conducted?
  • The impact of money laundering and the financing of terrorism.

Understanding the International Framework of AML/CFT

  • UN Conventions.
  • Financial Action Task Force on Money Laundering (FATF).
  • Forty recommendations on money laundering.
  • Nine special Recommendations on the financing of terrorism.
  • Basel Committee on Banking Supervision.
  • Egmont Group.
  • International Organization for Securities Commissions (IOSCO).
  • International Association for Insurance Supervision (IAIS).

The Compliance Function

  • Definition of compliance.
  • Risks of non-compliance.
  • Compliance function principles.
  • Qualifications of the Compliance Officer.
  • Relationship between the compliance function and internal audit.
  • Money Laundering Reporting Officer (MLRO).
  • Main qualifications.
  • Authorities and Powers
  • AML/CFT examples and case studies

Typologies and Case Studies

Assessment Strategy:

Participants will be informally assessed on their interaction during sessions and their participation in exercises

Who should attend?


Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from KESDEE’s innovative solutions.

  • Supervisory Agencies
  • Central Banks
  • Financial Institutions
  • Commercial Banks
  • Investment Banks
  • Housing Societies/Thrifts
  • Mutual Funds
  • Brokerage Houses
  • Stock Exchanges
  • Derivatives Exchanges
  • Insurance Companies
  • Multinational Corporations
  • Accountancy Firms
  • Consultancy Firms
  • Law Firms
  • Rating Agencies
  • Multi-lateral Financial Institutions

Kuala Lumpur

# Price ($) From
d-m-Y
To Action
1 2,750 26-02-2018 02-03-2018 Enquire
Course Code:2463
2 2,750 23-04-2018 27-04-2018 Enquire
Course Code:2464
3 2,750 25-06-2018 29-06-2018 Enquire
Course Code:2465
4 2,750 27-08-2018 31-08-2018 Enquire
Course Code:2466
5 2,750 22-10-2018 26-10-2018 Enquire
Course Code:2467
6 2,750 24-12-2018 28-12-2018 Enquire
Course Code:2468

Istanbul

# Price ($) From
d-m-Y
To Action
1 3,250 14-01-2018 18-01-2018 Enquire
Course Code:2619
2 3,250 18-03-2018 22-03-2018 Enquire
Course Code:2620
3 3,250 20-05-2018 24-05-2018 Enquire
Course Code:2621
4 3,250 15-07-2018 19-07-2018 Enquire
Course Code:2622
5 3,250 16-09-2018 20-09-2018 Enquire
Course Code:2623
6 3,250 18-11-2018 22-11-2018 Enquire
Course Code:2624

London

# Price ($) From
d-m-Y
To Action
1 4,250 15-01-2018 19-01-2018 Enquire
Course Code:4318
2 4,250 19-03-2018 23-03-2018 Enquire
Course Code:4319
3 4,250 21-05-2018 25-05-2018 Enquire
Course Code:4320
4 4,250 16-07-2018 20-07-2018 Enquire
Course Code:4321
5 4,250 17-09-2018 21-09-2018 Enquire
Course Code:4322
6 4,250 19-11-2018 23-11-2018 Enquire
Course Code:4323