Professional Training
4.0 (1 Reviews)

Mastering Anti Money Laundering

2 days
1,975 GBP excl. VAT
Next course start
9 September, 2024 See details
Course delivery
2 days
1,975 GBP excl. VAT
Next course start
9 September, 2024 See details
Course delivery
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Course description

Mastering Anti Money Laundering

  • Spot the major sourcesof money laundering and terrorist financing
  • Meet the cross-spectrumof international and UK requirements
  • Understand howthe launderers operate
  • Apply the practical day-to-dayrequirements for robust anti-money laundering operations
  • Find realistic waysof meeting the anti-money laundering obligations placed upon your organisation

Upcoming start dates

1 start date available

9 September, 2024

  • Classroom
  • London

Training Course Content

Introduction to Money Laundering and Terrorist Financing

  • The process of money laundering and terrorist financing
  • Predicate crimes and their route to legitimacy
  • AML and CFT terminology
  • Exploring and discussing the impact of money laundering on both developed and developing countries
  • The damage that money laundering and terrorist financing can cause to your organisation
  • International initiatives and requirements

Role of the Financial Action Task Force (FATF)

  • 40 recommendations
  • Mutual reviews
  • Higher risk countries
  • International co-operation

The US and its Effect Internationally

  • History of the fight against money laundering
  • Extra-Territorial Jurisdiction
  • US Patriot Act
  • Egmont, Transparency International and the Basle Institute

UK Legal and Regulatory Requirements

  • Proceeds of Crime Act /Serious Organised Crime and Police Act 2005
  • Terrorism Act 2000/Serious Crime Act 2017
  • Counter Terrorism Act 2008/Criminal Finances Act 2017
  • Money Laundering Regulations 2017/Financial Conduct Authority Rules
  • Office for Professional Body Anti-Money Laundering Supervision (OPBAS)

KYC & Customer Due Diligence

  • The KYC Process
  • Identification and verification
  • CDD requirements
    • individuals
    • legal entities
    • beneficial owners
    • politically exposed persons
  • Risk based approach and enhanced due diligence
  • Problems and solutions to KYC challenges

Suspicions and Reporting

  • What is a suspicion?
  • How you identify them
  • What internal reporting systems you need
  • What must you report to the authorities?
  • How you deal with customers whilst awaiting it
  • How you handle customers after a report has been made

Money Laundering Reporting Officer (MLRO)

  • What are the duties?
  • What are the obligations?
  • How do you meet them?
  • Annual report

Senior Management Responsibility

  • Setting an AML policy
  • Audit of AML compliance

Training and Awareness

  • Who and when to train
  • Level of training
  • Methods of training
  • Assessing competence
  • Training records
  • Maintaining awareness


  • Understanding sanctions and sanctions terminology
  • The UK and EU Sanctions regime
  • UN sanctions and their purpose
  • US sanctions
  • OFAC – its structure and purpose
  • How OFAC operates – sanctions lists and fines
  • The importance of OFAC compliance
  • Making sure your sanctions areas are fit for purpose

Creating a World-Class AML Function

  • Culture
  • Understanding limitations in P&P
  • Whistleblowing
  • Embedding ‘professional scepticism’

The Impact of the Pandemic

  • Financial Crime
  • Money Laundering Techniques
  • Criminal Gangs Activity


Average rating 4

Based on 1 reviews.
Reviews are published according to our review policy.
Write a review!
Kjersti Skagen Pedersen
06 Feb 2017
Anti Money Laundering

My Doug Hopton is a very good course speaker - he makes the subject interesting

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IFF - International Faculty of Finance
Maple House 149, Tottenham Court Road
W1T 7AD London

International Faculty of Finance - IFF Finance - Specialist Training Courses

As one of the world's leading specialist financial training organisations, The International Faculty of Finance provides participants in the global financial markets with intensive technical training programmes designed to help them succeed on the global stage.  Established in 1991 we...

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