Course Objectives

• This Course Objective Hasn't Been Provided Yet

Target Audience

This course is suitable for Compliance Officers, AML Officers, Money Laundering Reporting Officers (MLROs), Know Your Customer (KYC) analysts, auditors and any other professionals with responsibilities for financial compliance within their organization

Introduction to Money Laundering

• Explanation of Money Laundering Laws
• International standards
• Wolfsberg principles
• Office of Foreign Assets Control (OFAC)
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The Role and Responsibilities of a MLRO

• The role of the MLRO
• The Annual AML Return
• Training and Awareness
• Risk Based Approach

AML in the workplace

• AML policy
• Business Risk Assessment
• Customer Risk Assessment
• Customer Due Diligence (EDD)
• Politically Exposed Person (PEP)
• Enhanced Due Diligence (EDD)
• Source of Funds and Source of Wealth (SOF, SOW)

Monitoring and Screening

• Monitoring Customers
• Monitoring Transactions
• Sanctions
• Screening Employees

Culture and Awareness

• Awareness Campaign
• Role based training
• Corporate culture

Escalation

• Examples of warning signs
• Record keeping
• Internal Escalation Process
• Suspicious Activity Reports

Tax Evasion

• Tax Evasion
• Tax Avoidance
• US Foreign Account Tax Compliance Act (FATCA)
• Ensuring compliance
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This course hasn't been scheduled yet, however you can request for In-House training