This training
program aims to familiarize participants with anti-money laundering methods,
legal aspects related to it, identify the elements of money laundering crimes,
combat them, discover suspicious transactions, recognize their indicators, and
report them. It also covers the obligations that financial professionals must
fulfill, the risks of negative impacts of money laundering transactions, and
the importance of monitoring them, as well as understanding the penalties for
violating anti-money laundering laws.
By the end of this course, participants will be
able to:
•
Define money laundering and identify
its legal aspects.
•
Understand the elements of money
laundering crimes.
•
Recognize the stages of money
laundering.
•
Detect suspicious transactions,
identify their indicators, and report them.
•
Understand the obligations that
financial professionals must fulfill.
•
Identify banking transactions that can
be used for money laundering.
•
Understand the negative impacts of
money laundering transactions and the importance of monitoring them.
•
Learn the penalties for individuals
violating anti-money laundering laws.
- Overview.
- Banks and other deposit-taking institutions.
- Non-bank financial institutions.
- Non-financial businesses and professions.
- International business activities.
- Risks related to new payment products and services.
- Companies used to facilitate illicit financing.
- Terrorism financing.
- Financial Action Task Force.
- Basel Committee on Banking Supervision.
- European Union Directives on Money Laundering.
- Regional bodies like the Financial Action Task Force.
- Other influential bodies.
- Key legislative and regulatory initiatives in the United States.
- Risk assessment for anti-money laundering and counter-terrorism financing.
- Anti-money laundering and counter-terrorism financing programs.
- Know Your Customer (KYC).
- Monitoring and examination.
- Red flags for money laundering and terrorism financing.
- Investigations initiated by financial institutions.
- Investigations initiated by law enforcement agencies.
- Collaboration with law enforcement agencies during an investigation against a financial institution.