Anti-Money Laundering (AML) And Combating the Financing of Terrorism


Anti-Money Laundering (AML) And Combating the Financing of Terrorism Overview:

This comprehensive course delves into the critical areas of Anti-Money Laundering (AML) and Combating the Financing of Terrorism. With an increasing focus on AML policies and standards, the course aims to equip participants with practical knowledge and skills. Learn about the roles and responsibilities in AML, risk-based approach to managing risk, and customer due diligence requirements. With independent audit and review sessions, we prioritize financial crime prevention and AML compliance. The course offers unique training methodologies and a range of AML training programs to raise awareness and aid in terrorism financing prevention.


Target Audience:

  • Compliance Officers
  • Risk Managers
  • AML Analysts
  • Customer Service Reps in Banking
  • Legal Advisors
  • board of directors

This course aims to bridge skills gaps in customer due diligence in banking, suspicious activity reporting, and compliance officer roles.


Targeted Organizational Departments:

  • Compliance Department
  • Risk Management
  • Legal Department
  • Customer Service

Considering the focus on AML regulations, risk management in AML, and AML best practices, these departments will benefit the most.



Targeted Industries:

  • Banking
  • Finance
  • Real Estate
  • E-commerce
  • Healthcare
  • Insurance
  • Government

Given the increasing AML regulations and the need for robust financial crime prevention strategies, these industries will find the course particularly beneficial.


Course Offerings:

By the end of the course, participants will be able to:

  • Understand and implement AML Policies and Standards
  • Conduct a risk assessment using a Risk Assessment Form
  • Implement Customer Acceptance Policy
  • Understand and act on Compliance Officer Responsibilities
  • Follow AML Record Keeping guidelines


Training Methodology:

This course employs a mix of interactive sessions, case studies, group work, and real-world suspicious transactions examples. Each module integrates awareness-raising elements in AML and offers practical tools like an account opening checklist. Feedback sessions are designed to review and update compliance training course content and provide governance training on risk assessment.


Course Toolbox:

  • AML Glossary
  • Risk Assessment Form
  • Account Opening Checklist
  • AML Regulations Handbook
  • Compliance Officer Handbook


Course Agenda:

Day 1: Introduction and Foundations

  • Topic 1: Introduction to Anti-Money Laundering (AML) Policies and Standards
  • Topic 2: Understanding Roles and Responsibilities in AML
  • Topic 3: Decoding the AML Policy Statement
  • Topic 4: Key Elements of the Customer Acceptance Policy
  • Topic 5: AML Terminology: The Glossary
  • Reflection & Review: Revisiting the Basics of AML and Compliance


Day 2: Risk Management and Oversight

  • Topic 1: The Importance of Independent Audit and Review in AML
  • Topic 2: A Deep Dive into Risk-Based Approach to Managing Risk
  • Topic 3: Methods for Raising Awareness in AML
  • Topic 4: Implementing Effective Staff Training in AML
  • Topic 5: Utilizing Risk Assessment Forms in Practice
  • Reflection & Review: Assessing Risk Management Methods and Training Protocols


Day 3: Customer Relationship and Due Diligence

  • Topic 1: Requirements for Customer Due Diligence (CDD)
  • Topic 2: Procedures for Establishing a Customer Relationship
  • Topic 3: Methods for Reviewing CDD Information and Monitoring Customer Accounts
  • Topic 4: Recognizing Suspicious Activity: Best Practices
  • Topic 5: Implementing Account Opening Checklists for Individuals and Businesses
  • Reflection & Review: Evaluating CDD and Account Monitoring Protocols


Day 4: Compliance and Monitoring

  • Topic 1: The Role and Responsibilities of the Compliance Officer
  • Topic 2: Implementing Effective Record-Keeping in AML
  • Topic 3: Introduction to Examples of Suspicious Transactions
  • Topic 4: Procedures for Recognizing and Reporting Suspicious Activity
  • Topic 5: Implementing AML Regulations in Daily Operations
  • Reflection & Review: Overview of Compliance Measures and Record-Keeping


Day 5: Summary and Action Points

  • Topic 1: Best Practices for AML Compliance
  • Topic 2: Translating Compliance to Practical Measures
  • Topic 3: The Role of Governance in AML Compliance
  • Topic 4: A Review of AML Web and Book References
  • Topic 5: Next Steps and Resources for AML Compliance
  • Reflection & Review: Summary and Future Directions for AML Compliance


How This Course is Different from Other Anti-Money Laundering (AML) Courses:

Unlike other similar courses, our program places a strong emphasis on practical applications, real-world case studies, and interactive learning. With specialized modules on compliance officer roles and responsibilities, this course offers a 360-degree approach to AML and terrorism financing prevention. Our risk assessment training course section and governance training modules add unique value, making this the most comprehensive and applied course in the market.


credits: 5 credit per day

Course Mode: full-time

Provider: Agile Leaders Training Center