Course description
Choosing a Masterclass in Anti-Money Laundering (AML) Compliance Training Course at Rcademy is critical because it is designed to help you know how to help your organisation against anti-money laundering. Also, this Rcademy program assists you in dealing with crime in finance and how to identify, to avoid, and report activities associated with money laundering. This course covers the regulatory environment, particularly emphasising the necessity of Customer Due Diligence (CDD), sanctions monitoring, Know Your Customer (KYC), and the function of the Money Laundering Reporting Officer in practice.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Masterclass in Anti-Money Laundering (AML) Compliance Training Course by Rcademy is ideal for:
- Employees withAML roles
- Senior Management
- Treasury Managers
- Auditors
- Lawyers
- All workers in financial services who wish to know more amount ALM
- Anti-Money Laundering (AML) / Compliance Professionals
- Anyone who works within the regulated financial sectors or to a course infraud preventionor ALM
- Regulator or Advisor of Product / Services
- Consultants
- Credit Managers
Outcome / Qualification etc.
The objectives of The Masterclass in Anti-Money Laundering (AML) Compliance Training Course by Rcademy are to enable participants to:
- Understand how to describe how a Company / Bank and its Staff should protect themselves against Money Laundering?
- Restrictions relevant to companies/banks
- Apply techniques to prove income or funds from unverified senders
- Detect and block Money Laundering
- Understand how to describe how a Firm / Bank and its employees should safeguard themselves against the dangers of Money Laundering and Terror Financing?
- Discover the “red flags” that may help you recognise, prevent, and disclose any (suspect or actual) illegal conduct
- Identify how Money Laundering can be perpetrated
- Understand the procedure of Money Laundering
- Understand the FATF roles in AML
- The impact of an offshore financial centre on machine learning
- Define Money Laundering and the Cycle of Money Laundering
- Apply worldwide ALM regulations and laws
- Recognise the consequences of non-compliance with AML laws
- Evaluate financial records to find potential leads
- Are you aware of how ALM and counter-terrorist financing (CTF) can get avoided?
Training Course Content
Module 1: introduction to money laundering (ALM)
- Reason for the initial focus on anti-money laundering (ALM) globally
- Definitions in money laundering
- Primary levels of money laundering
- Similarities and differences between terrorist financing and money laundering
- Indicators of money laundering
- Methods and typologies of money laundering
- Trends in the jurisdiction of money laundering
Module 2: Principles of Money Laundering
- What money laundering entails and its importance
- Levels of the money laundering activity
- The origins of dirty money
- Secret assets
- The money laundry cycle
- Usual cars used to hide the properties
- Difference between money laundering and asset hiding
Module 3: Global Growth of Rules and Regulations
- The global organisation’s response to anti-money laundering (AML)
- Foreign account tax compliance act (FATCA)
- S Patriot Act
- The Wolfsburg rules
- The international measures to avoid money laundering
- The challenging and interrelated dangers associated with money laundering
- The broad context for financial crime danger and rules in which your institution operates
- The duties and responsibilities of (AML, compliance, back or front desk officers) and how they are associated with the crime management life cycle
- United Nations resolutions
- ALM laws and regulations
- European detectives
- The duty of the financial action task force (FATF)
Module 4: Techniques of Proving Income and Illegal Activities in Bank Records
- Using records and books in an economic case
- Analysing financial documents for leads
- Analysing the income statement
- Analysing the balance sheet
- Direct techniques of proof
- Indirect techniques of proof: bank deposits and net worth
- The Capone institution
- Tips and pitfalls
- Unusual activity in accounts
- How to create indicators
- How to use indicators
- Examples of indicators
Module 5: Money Laundering Schemes
- Buybacks
- Invoice scams
- Money laundering schemes examples
- Loans back schemes
- Smurf and modified transactions
- Banking-company transactions
- Shell industries
- Banking schemes
- Nominee scheme
- Company front scheme
Module 6: Compliance Methods
- Jurisdiction of anti-money laundering (ALM)
- The requirements for robust anti-money laundering operations, policies, procedures, and internal management
- Knowing your client (KYC), and ID&V principles
- Abuse of the industry and inside deals
- The correct laws and regulations in your area, the global standards, and the duty of law enforcement
- Tipping off
- Coordination with authorities and their regulators
Module 7: Money Laundering Detection Methods
- Early warning method
- Detection, prevention, and due diligence
- Performing money laundering assessments
- Best practices applicable to companies or banks
- Risk control of policing exposed individuals (PEPs)
- Applying customer due diligence (CDD) and knowing your customer (KYC)
Module 8: Identifying and Reporting of Suspicious Transactions
- Statutory obligations
- Reporting of the suspicious transactions
- Recognising suspicious transactions
- Recognising high-risk indicators-know what to do with the data and who to report it to
- The importance of record-keeping
- The duty of MLRO
- Roles of companies or banc and people
- Developing a monitoring process
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...