Anti-Money Laundering and Combating Terrorism Financing

🚫 Money Laundering & Countering the Financing of Terrorism (AML/CFT) - A Comprehensive Online Course 🚀

[March 2023 Update]

This course has recently received an upgrade! 🛠️

• Multilingual Support: Dive into our courses with modules subtitled in six languages: Dutch, French, Japanese, Portuguese, Simplified Chinese, and Turkish.

• New Module Added: We've included a detailed module on "State Capture and Money Laundering" to provide you with an even broader perspective.

• Content Updated: Our existing modules have been refined with more in-depth coverage of Know Your Customer (KYC), Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) & AML Risk, including interactive quizzes, case studies, and real-world assignments.

• Bonus Resources: Access the Wolfsberg AML Principle on Political Exposed Persons (PEPs) to further your understanding of high-risk clients.

Course Overview

This course is a deep dive into the critical aspects of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT). It's designed to empower you with comprehensive knowledge that will transform your approach to AML/CFT compliance.

Key Topics Covered:

1. Introduction to ML & TF: Gain a foundational understanding of money laundering and terrorism financing, their interrelations, and the historical context including state capture, tax havens, and an overview of eco-terrorism.

   • The history and evolution of Money Laundering 📜

   • Understanding the nature, history, and philosophical justifications behind eco-terrorism 🌳❗️

2. Know Your Customer (KYC):

   • Learn why KYC is essential for financial institutions to prevent Money Laundering and understand the vulnerabilities that make banks and other institutions targets for ML activities. 🔍

3. Customer Due Diligence (CDD):

   • Define CDD and differentiate it from KYC, understanding why it is a critical component of AML/CFT compliance. 🛡️

4. Enhanced Due Diligence (EDD):

   • Discover what EDD entails, when and how to apply it, and strategies to de-escalate enhanced risk scenarios. 🔐

5. Risk Management in AML/CFT:

   • Explore the principles of AML risk assessment by Region, Financial Institution Products, and Customer Types to understand transaction patterns. 🌍

Bonus Resource: Dive into the Wolfsberg AML Principle on PEPs for an expert take on identifying high-risk associates and family members related to Political Exposed Persons (PEPs). 🏛️

What You Will Learn

• The intricacies of how money laundering and terrorism financing are committed, including predicate crimes.
• The importance of KYC and CDD in the context of AML/CFT compliance, with practical guidelines and best practices.
• How to develop a robust KYC/CDD strategy and the significance of implementing it effectively.
• The role of EDD in managing high-risk transactions and clients.
• A detailed analysis of AML risks categorized by region, product type, and customer category, enabling you to tailor your strategies accordingly.

Enroll in this course today to become an AML/CFT compliance expert! 🎓✈️ With our comprehensive modules, interactive learning elements, and multilingual support, you'll be well-equipped to navigate the complex landscape of Anti-Money Laundering and Countering Terrorism Financing.