Anti-Money Laundering (AML) and Compliance Training Course

This course equips participants with practical knowledge and skills required to detect, prevent, and report money laundering and related financial crimes. It focuses on AML regulations, customer due diligence, risk-based approaches, suspicious transaction monitoring, compliance frameworks, and reporting obligations. Participants will learn how to strengthen institutional compliance systems and reduce exposure to financial crime risks.

Target Groups

• Compliance officers and managers
• Risk management professionals
• Bank and financial institution staff
• Insurance and investment professionals
• Internal and external auditors
• Legal and regulatory professionals
• Fintech and digital finance operators
• Government and regulatory authority staff
• Accounting and finance professionals
• Students in finance, law, or business

Course Objectives

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

• Understand money laundering and financial crime typologies
• Apply AML laws, regulations, and compliance frameworks
• Conduct customer due diligence and KYC procedures
• Identify and report suspicious transactions
• Implement risk-based compliance approaches
• Strengthen internal AML control systems
• Reduce exposure to financial crime risks
• Ensure regulatory compliance and reporting accuracy
• Support investigations and enforcement processes
• Promote ethical financial practices

Course Modules

Module 1: Introduction to AML and Financial Crime

• Meaning of money laundering
• Stages of money laundering
• Common financial crimes
• Impact on financial systems
• Overview of AML frameworks

Module 2: AML Laws and Regulatory Framework

• International AML standards (FATF principles)
• National AML laws and regulations
• Institutional compliance obligations
• Regulatory reporting requirements
• Role of supervisory authorities

Module 3: Customer Due Diligence (CDD) and KYC

• Know Your Customer (KYC) principles
• Customer identification and verification
• Enhanced due diligence procedures
• Beneficial ownership identification
• Risk profiling of customers

Module 4: Risk-Based Approach to AML Compliance

• Risk assessment frameworks
• Customer risk categorization
• Product and service risk evaluation
• Geographic and transactional risks
• Developing AML risk registers

Module 5: Suspicious Transaction Monitoring

• Identifying suspicious activities
• Transaction monitoring systems
• Red flags in financial transactions
• Cash-intensive and high-risk activities
• Alert investigation procedures

Module 6: Reporting and Record Keeping

• Suspicious Activity Reports (SARs)
• Currency Transaction Reports (CTRs)
• Reporting timelines and obligations
• Record retention requirements
• Documentation standards

Module 7: Internal Controls and AML Programs

• AML compliance programs structure
• Internal control systems
• Segregation of duties in compliance
• Compliance audits and testing
• Continuous monitoring systems

Module 8: Terrorist Financing and Sanctions Compliance

• Terrorist financing risks
• Sanctions screening procedures
• Politically Exposed Persons (PEPs)
• International sanctions regimes
• Compliance escalation processes

Module 9: Investigation and Enforcement Support

• Supporting AML investigations
• Evidence collection and analysis
• Cooperation with regulators and law enforcement
• Case management procedures
• Legal and disciplinary actions

Module 10: Capstone Project and Case Studies

• Real-world AML case studies
• Group project: designing a full AML compliance framework
• Simulation of suspicious transaction detection and reporting
• Analysis of compliance failures and enforcement cases
• Emerging trends in AML, AI-driven transaction monitoring, blockchain analytics, RegTech solutions, real-time compliance systems, and global financial crime prevention technologies