European Institute of Management and Finance | Anti-Money Laundering Awareness Course
55964
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Anti-Money Laundering Awareness Course

Anti-Money Laundering Awareness Course

Training and awareness is one of the key AML controls required of regulated financial institutions and all staff need to be able to demonstrate they understand the money laundering risks that face their firm.

 

This workshop-style programme will enable participants to comply with their personal responsibilities.  The course details the key issues relating to money laundering before providing participants with the practical skills necessary to identify and manage their firm’s money laundering risks.  It is highly interactive with group and individual exercises designed to allow participants to apply what they have learnt.

 

 

Training Objectives

 

At the end of this course, attendees will:

  • understand the scale of the money laundering problem
  • be aware of the UK regulatory framework as well as key international laws and best practice
  • identify their firm’s money laundering risks
  • understand the importance of effective AML controls
  • be able to undertake risk-based Customer Due Diligence
  • know how to report suspicious activity

 

 

Training Outline

 

Introduction to Money Laundering

  • Definitions
  • Predicate offences
  • The scale of the problem

 

The UK and International Regulatory Environment

  • UK Framework
  • EU and USA
  • International standard setters and best practice
  • Data Protection

 

Identifying and Assessing Money Laundering Risks

  • Business Risk Assessment
  • Customer Risk Assessment

 

Key Controls to Manage Money Laundering Risks

  • Customer Due Diligence and Enhanced Due Diligence
  • Monitoring
  • Training and awareness
  • Record keeping

 

Reporting Suspicious Activity

  • Internal and external reports