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Certificate in Anti-Money Laundering
DATE
08 - 12 Jul, 2024
LOCATION
Accra
Why Attend?
Certificate in Anti-Money Laundering
Course Objectives
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By the end of the course, participants will be able to:
- Understand international money laundering standards and the participants role as an Anti-Money Laundering Officer or Money Laundering Reporting Officer (MLRO) within their organization
- Establish a risk based approach to AML, the AML/CTF Framework, business risk assessments and suspicious activity reports
- Assess customer, product and jurisdictional risk, and identify red flags
- Develop methods for training and culture to identify and combat money laundering activities related to their organization
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)
- Dubai Financial Services Authority (DFSA) Rulebook
- 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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