ICA International Advanced Certificate in Anti Money Laundering

Why Attend

An intermediate level course designed both for those in an anti-money laundering role and those looking to embark on a new career in in this field. You will gain actionable, practical knowledge to excel in your role. This course is awarded in association with Alliance Manchester Business School, the University of Manchester.

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Course Objectives


  • • What are the Money Laundering, Terrorist Financing and Sanctions Risks that must be Managed?
  • • The International Bodies and Standard Setters
  • • National Legal and Regulatory Frameworks
  • • Taking an AML/CFT Risk-based Approach and Managing the Risks
  • • Initial and ‘Ongoing’ Customer Due Diligence (CDD)
  • • Monitoring Activity and Transactions
  • • Recognising and Reporting Suspicions
  • • The Vulnerabilities of Specific Services and Products


Target Audience


Heads of compliance, AML and financial crime
Money laundering reporting officers
Money laundering prevention officers
Compliance, AML and financial crime managers and senior staff
Senior risk staff
Regulatory representatives
Legal practitioners
Internal and external audit staff
Company secretaries
Accountants

Unit 1: What are the Money Laundering, Terrorist Financing and Sanctions Risks that must be Managed?

  • What is money laundering?
  • What role can the financial sector play?
  • How is money laundered?
  • A modern assessment of money laundering
  • The money laundering offenses
  • The links between money laundering and corruption
  • Money laundering and tax evasion
  • Why is money laundering prevention important?

 

  • Terrorist financing
  • What is terrorist financing?
  • How is terrorism financed?
  • What is an alternative remittance system?

 

  • Financial and economic sanctions
  • What are sanctions?
  • Why are sanctions important?
  • United Nations Sanctions Framework
  • Regional sanctions
  • US (OFAC) regime
  • Country restrictions
  • Local sanctions laws
  • The cost of getting it wrong

 

  • Proliferation finance
  • Dual-use items
  • The risks arising from proliferation financing

 

 

Unit 2: The International Bodies and Standard Setters

  • The role of the international bodies
  • Key international organisations
  • The International Monetary Fund
  • United Nations Global Programme against Money Laundering
  • The World Bank
  • The Financial Action Task Force
  • The Basel Committee on Banking Supervision
  • The European Commission and Council
  • The Egmont Group
  • The Wolfsberg Group
  • Transparency International

 

  • The work of the international bodies and its relevance for AML practitioners
  • FATF mutual evaluations
  • Typologies and guidance
  • The focus of transparency

 

Unit 3: National Legal and Regulatory Frameworks

  • The impact of the FATF standards and recommendations on domestic frameworks
  • US primary legislation and regulation
  • Bank Secrecy Act 1970
  • The PATRIOT Act
  • Other related AML/CTF legislation
  • Key US regulatory and law enforcement authorities
  • Lessons from enforcement actions
  • United Kingdom
  • Primary legislation: The Proceeds of Crime Act 2002
  • Secondary legislation: The Money Laundering Regulations 2017
  • Industry and professional guidance
  • Financial Conduct Authority supervisory rules and enforcement
  • Key UK law enforcement authorities
  • The UK as a high-risk jurisdiction
  • Examples of other jurisdictions
  • Jersey
  • Singapore
  • Hong Kong
  • India
  • United Arab Emirates

This course has not been scheduled, however you can request for In-House training