The FATF and European Directives require obliged entities to comply with AML regulations. All obliged entities are required to ensure that their employees understand the legal AML framework, the implementation of the risk-based approach, CDD requirements and other AML measures. The course is designed to provide a basic understanding of those requirements.
This course aims to provide an understanding of the stages of money laundering, the methods used, the overall AML framework internationally and on a European level. It also aims to provide an understanding on how the risk-based approach is implemented in CDD. Finally, it explores the main elements of an effective AML program.
The course is split into the following sections:
Section 1: What is Money Laundering
- The basic stages of Money Laundering
- Money laundering methods
- Terrorist financing
Section 2: The FATF and the EU AML framework
- The FATF
- The European Directives
Section 3: Understanding the Risk-based approach
- What is the risk-based approach
- Factors to consider when assessing risks
Section 4: Customer Due Diligence (CDD)
- Identification and verification of natural and legal persons
- Identification of the beneficial owner
- Simplified Due Diligence (SDD)
Section 5: Enhanced Due Diligence (EDD)
- Cases where EDD is always applied
- EDD measures
Section 6: Other CDD measures
- Transaction monitoring
- Identifying suspicious transactions
- Customer updates/reviews
- Record-keeping requirements
Section 7: The AML program
- The main elements of an effective AML program
This course may take up to 3 hours to be completed. However, actual study time differs as each learner uses their own training pace.
The course is addressed to:
This course is addressed to all individuals who practice Anti-Money Laundering such as:
- Compliance/AML Managers in Banks, Investment Firms, Investment Funds, ASPs, Trust Service Corporate Providers, Accountants, Auditors and Lawyers.
- Employees of Investment Firms, Investment Funds, ASPs, Trust Service Corporate Providers, Accountants, Auditors and Law Firms involved in KYC/CDD
- Internal Auditors
- Senior managers
It is also suitable to professionals pursuing regulatory CPD in Anti-Money Laundering.
The course is offered fully online using a self-paced approach. The learning units consist of power point presentations. Learners may start, stop and resume their training at any time.
At the end of the course, participants take a Quiz to complete the course and earn a Certificate of Completion once the Quiz has been passed successfully.
Accreditation and CPD Recognition
The course may be accredited by regulators and other bodies for 3 CPD Units that require CPD training in financial regulation. The course may be also approved for up to 3 CPD Units by institutions that approve general financial and AML training, such as the CISI, ICA and ACAMS.
Eligibility criteria and CPD Units are verified directly by your association or other bodies in which you hold membership.
Registration and Access
To register to this course, click on the Take this course button to pay online and receive your access instantly. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalizing your payment.
Access to the course is valid for 60 days.
If you wish to receive an invoice instead of paying online, please Contact us by email. Talk to us for our special Corporate Group rates.
Anna Stylianou has more than 20 years’ experience in the financial industry. She has long-term experience in the retail banking, and has also worked as a Compliance, Anti-money laundering compliance and as a Senior manager in regulated entities.
She is an AML trainer. She has a BSc and Associateship from the London Institute of Banking and Finance, and a Certified Fraud Examiner (CFE). She is also certified with the Advanced and AML qualification from the Cyprus Security and Exchange Commission (CySEC).
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