Financial Crimes & Anti-Money Laundering

This course is ideal for professionals in the finance and compliance sectors who are involved in financial crime prevention or working in organizations that must adhere to AML regulations. It is beneficial for:

• Compliance officers
• Risk management professionals
• Financial analysts
• Bankers and auditors
• Legal advisors
• Regulatory authorities
• Law enforcement professionals

Day 1: Introduction to Financial Crimes and Money Laundering

• Definition of financial crimes and money laundering
• The impact of financial crimes on economies and businesses
• Types of financial crimes: fraud, tax evasion, embezzlement, etc.
• Money laundering processes and stages: placement, layering, integration
• The role of financial institutions in preventing financial crimes

Day 2:   Regulatory Frameworks and International Standards

• Overview of global financial crime regulations (FATF, EU, OFAC, etc.)
• The role of financial authorities and regulatory bodies
• International AML compliance standards
• Anti-money laundering laws and requirements for financial institutions
• KYC (Know Your Customer) and customer due diligence

Day 3: Tools and Techniques for Detecting Financial Crimes

• Methods for detecting suspicious transactions and activities
• Using technology and software for AML compliance
• Red flags in financial transactions and how to identify them
• Reporting suspicious activities to authorities
• Case study analysis of real-world money laundering schemes

Day 4: Designing an Anti-Money Laundering (AML) Program

• Steps to create and implement an effective AML program
• Developing internal controls and procedures for AML compliance
• Training staff and building an AML culture within the organization
• Conducting risk assessments and audits
• Creating policies for reporting and responding to financial crime

Day 5: Maintaining Compliance and Responding to Violations

• Conducting AML compliance audits and reviews
• Managing internal and external reporting requirements
• Responding to regulatory breaches and penalties
• Keeping up-to-date with regulatory changes and emerging risks
• Developing a continuous improvement process for AML programs