All-Inclusive Guide to Anti-Money Laundering Compliance 2023

The All-Inclusive Guide to Anti-Money Laundering Compliance is the course that you need to gain or enhance your knowledge in Anti-Money Laundering (AML) matters. At the end of this course, I guarantee that you will be a more resourceful person in AML compliance. The right words, pictures (perfect illustrations) and examples have been meticulously picked for you to better understand each lesson.

Throughout the course, realistic examples will be provided for your benefit. Every section will end with a case study and you will have to complete some practical questions in order to test your understanding at the end of the course.

In the first section, you will learn about the concept of money laundering, terrorist financing and some key bodies. You will then understand the importance and the role of key compliance officers. Just after, you will learn about the “risk-based approach”, the risk assessment exercise (for a business and its clients) and the importance of establishing strong policies, procedures and controls.

Moreover, I will cover the Customer Due Diligence (CDD) lessons, namely a standard CDD, a simplified one and an enhanced CDD. You will also know the difference between Know-Your-Client (KYC) and CDD.  After that, you will learn about some high-risk factors, the various screening methods (public domain, risk intelligence database and several sanctions lists), the concept of placing reliance on third parties to conduct part of the CDD measures and ongoing monitoring of transactions.

I will then go through some interesting money laundering techniques, some indicators of suspicious transactions and key tips on how to scrutinize suspicious transactions. You will then learn about the tipping-off concept and the steps to report a suspicious transaction.

Then, I will cover the record keeping requirements, the importance of screening officers and employees, the usefulness of training and the risk of having an untrained workforce. Just after, you will learn about the importance of appointing an independent auditor to check the effectiveness of the AML framework. I will end this section with the repercussions of non-compliance.

Finally, I will take you through the key takeaways from this course, where you will also be apprised of some interesting facts about money launderers.

To demonstrate your diligence throughout this course, you will be awarded with a Certificate upon completion. In case you wish to discuss on any subject covered in this lesson or require further enlightenment on a particular subject, please feel free to comment in the discussion forum and I will personally attend to your queries. You may also reach out to me (Hassita Nowbuth) on LinkedIn.

Course enrollment grants you lifetime access, with no expiration. Guaranteed, you have so much to learn from this course.