Anti Money Laundering & Countering of Terrorist Financing
Home > Essential Skills > Anti Money Laundering & Countering of Terrorist Financing
Money laundering is a potential indicator of terrorist funding and other global crimes, making AML training even more necessary. Our courses intend to familiarize bank employees with the process of money laundering — the criminal business used to disguise the true origin and ownership of illegal cash — and the laws that make it a crime. This course is designed by ALM Subject Matter Experts.
Workshop Outcomes
- Understand what the Anti Money Laundering Regulations are
- Recognize the importance of conducting a risk assessment
- Understand policies, procedures and controls
- Adopt appropriate internal controls
- Identify Politically Exposed Persons (PEPs)
- Stay informed about relevant training and
- Recognize the importance of keeping adequate records
- Be able to explain the concepts of money laundering, bribery, tax evasion and terrorist fundraising
- and understand their impact on the financial services sector and the economy as a whole.
- Be able to identify and explain the law concerning money laundering
- Understand what constitutes a bribe.
- Understand how the law in relation to financial crime impacts upon the work you carry out in terms of procedures and your responsibilities.
Workshop Duration
4 Hour Workshop
- An Introduction to Anti Money Laundering Regulations
- Staying Compliant
- Regulation policies, procedures and controls, who is a Politically Exposed Person (PEP) and the different types of due diligence.
- Importance of Training and Record-Keeping
- Appointing a reporting officer, providing relevant training and keeping adequate records.
- Financial crime, money laundering, the financial sanctions list, the Financial Conduct Authority, enforcement, sanctions, the Joint Money Laundering Steering Group, scams.
- EU money laundering directives, the Criminal Finances Act 2017, record keeping, investigation, training.
- Individual identification, Simplified Due Diligence (SDD), identification of address, company identification, registered charities, clubs and societies, electronic identification, Enhanced Due Diligence (EDD), red flags, politically exposed persons (PEPs).
- Comprehensive course notes
- Morning tea, lunch and afternoon tea
Services
DO YOU NEED SUPPORT !
Phone:
Address:
1st floor, 35-B, Block A, HBFC Faisal Town, Lahore, Pakistan
