Basic Knowledge of Compliance and AML / CFT
Prevention of Money Laundering and Terrorist Financing is a challenge for World Financial System.
Financial Institutions including banks, money service businesses (MSBs), payment service providers, remittance businesses, exchange companies, and similar regulated entities spend millions of dollars to maintain Anti Money Laundering (AML) and Countering Financing of Terrorism (CFT) Framework.
Other businesses dealing as brokers, real estate agents, dealers of precious metals or Jewelry, accountants, etc are also required to understand and implement the AML/CFT requirements.
This course is divided into modules to explain to you practical concepts of Anti Money Laundering AML / Countering Financing of Terrorism CFT with reference to AML/CFT Guidelines, Regulations, and FATF Recommendations.
You will learn key concepts related to AML / CFT Regime including:
- Money Laundering and Anti Money Laundering,
- Risks Based Approach RBA to manage money laundering and terrorist financing,
- Policies and IRAs (Preparation, Approvals, and Implementation)
- Due Diligence Measures ( SDD / EDD) / Know Your Customers KYC,
- High-Risk ML and Low-Risk ML Factors,
- Sanctions Regime - Designated Persons DPs and Proscribed Persons PPs and AML / CFT Measures
- Politically Exposed Persons PEPs and AML / CFT Measures
- Wire Transfers and AML / CFT Measures
- NGOs / NPOs Charity Accounts and AML / CFT Measures
- Correspondent Banking and AML / CFT Measures
- New Processes and Technologies and AML / CFT Process
- Suspicious transactions, Transaction Monitoring, Record Keeping, Documentation
- Practical examples etc.
You may have heard it used in business, politics and sporting fields... but what does it mean?
How can we combat corruption? Fighting corruption requires respect for the rule of law, accountability, and transparency to empower citizens to denounce corruption when they see it.
Corruption erodes trust, weakens democracy, hampers economic development and further exacerbates inequality, poverty, social division and the environmental crisis. Exposing corruption and holding the corrupt to account can only happen if we understand the way corruption works and the systems that enable it.
Everyday corruption can seem almost impossible to fight. However, there are definitely ways to fight it.
Passionate advocate for anti-corruption initiatives and ethical governance. Committed to promoting transparency, accountability, and integrity in both public and private sectors. Skilled in designing and implementing anti-corruption policies, compliance programs, and risk management strategies. Striving to raise awareness about the detrimental effects of corruption and the importance of building corruption-free societies. Driven by the belief that a corruption-free world leads to sustainable development and social justice. Dedicated to making a positive impact in the fight against corruption and upholding ethical standards for a better future.
Anti Money Laundering (AML / CFT) Compliance Requirements
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