Master Anti-Money Laundering (AML/CFT): A Beginner's Guide to Compliance

What you will learn:

Anti-money laundering techniques and regulations
Know Your Customer (KYC) procedures and best practices
Conducting thorough Customer Due Diligence (CDD)
Effective transaction monitoring and suspicious activity reporting
Understanding Enhanced Due Diligence (EDD) requirements
AML/CFT compliance within various sectors and jurisdictions
Identifying and assessing risks associated with money laundering
Developing AML compliance strategies and reporting mechanisms
The role and responsibilities of an AML compliance officer
Navigating regulatory frameworks and reporting requirements

Description

Launch your career in Anti-Money Laundering with this expertly designed course!

Governments worldwide implement strict regulations to combat the devastating financial impacts of money laundering and terrorist financing. This course equips you with the essential knowledge and skills to excel in this critical field.

Understand the intricacies of money laundering, a process often involving three key stages: placement (introducing illicit funds into the financial system), layering (obscuring the origin of funds through complex transactions), and integration (legitimizing the laundered money).

We delve into the core principles of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), outlining the roles, objectives, and responsibilities for effective compliance. You'll learn how to identify, assess, and report suspicious activities, a crucial aspect of any AML professional's role.

This course provides a thorough understanding of Know Your Customer (KYC), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and the critical processes involved in identifying, evaluating, and reporting suspicious transactions. Learn how to navigate the complexities of AML regulations and ensure compliance.

Discover the vital role of the compliance officer, extending beyond suspicion identification to encompass proactive actions and regulatory reporting. Master the techniques for handling currency transactions exceeding regulatory thresholds and maintaining accurate records as required.

Enroll now and become a vital part of the fight against financial crime.

Curriculum

Introduction to AML Processes in the EU and Beyond

This introductory section begins with an overview of AML training, setting the stage for the course. 'Know Your Customer' and 'Customer Due Diligence' are explored in depth, laying the groundwork for understanding risk assessment within the AML framework. Additional requirements related to AML compliance are covered, followed by four quizzes designed to reinforce learning and assess comprehension of the material. Finally, a bonus lecture provides additional valuable insights into the complexities of AML regulations. Each lecture in this section provides a crucial building block for understanding core AML concepts and their application. Lectures include: AML Training Introduction (6:43), Know Your Customer (5:56), Customer Due Diligence (13:41), Risk Assessment (7:00), Other Requirements Related to AML (9:54), and a Bonus Lecture (5:05).

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