Financial Crime Compliance and Anti-Money Laundering (AML) Training Course

This course equips participants with the knowledge and practical skills to prevent, detect, and report financial crime. It focuses on money laundering and terrorist financing risks, customer due diligence, transaction monitoring, sanctions, and compliance program management.

Target Groups

• Compliance and AML officers
• Bank and financial institution staff
• Risk and internal audit professionals
• Relationship managers and front-line staff
• Money transfer and fintech operators
• Regulators and legal professionals
• Managers and supervisors seeking to strengthen organizational practice in this field
• Consultants and professionals supporting related organizations

Course Objectives

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

• Explain money laundering and terrorist financing stages and typologies
• Apply the risk-based approach to AML
• Conduct customer due diligence and enhanced due diligence
• Identify beneficial owners and politically exposed persons
• Monitor transactions and investigate alerts
• Prepare and file suspicious activity reports
• Apply sanctions screening requirements
• Understand regulatory obligations and standards
• Design effective AML compliance programs
• Promote a culture of compliance

Course Modules

Module 1: Financial Crime Landscape

• Money laundering stages
• Terrorist financing
• Predicate offenses
• Common typologies
• Impact on institutions and economies

Module 2: Legal and Regulatory Framework

• International standards
• National AML laws
• Regulator expectations
• Institutional obligations
• Penalties and enforcement

Module 3: Risk-Based Approach and Risk Assessment

• Enterprise-wide risk assessment
• Customer, product, and geographic risk
• Risk rating models
• Control effectiveness
• Documentation

Module 4: Customer Due Diligence

• KYC procedures
• Enhanced due diligence
• Beneficial ownership
• Politically exposed persons
• Ongoing monitoring

Module 5: Transaction Monitoring

• Monitoring rules and scenarios
• Alert investigation
• Red flag indicators
• Use of analytics
• Reducing false positives

Module 6: Suspicious Activity Reporting

• Grounds for suspicion
• Reporting procedures
• Writing quality reports
• Tipping-off prohibitions
• Record keeping

Module 7: Sanctions and Trade-Based Risks

• Sanctions regimes
• Screening processes
• Trade-based money laundering
• Correspondent banking
• Cross-border risks

Module 8: Fraud, Bribery, and Corruption Links

• Fraud and laundering links
• Bribery and corruption risks
• Cybercrime and digital assets
• Insider threats
• Preventive controls

Module 9: Building an AML Compliance Program

• Policies and procedures
• Roles and governance
• Training and awareness
• Independent testing
• Regulatory examinations

Module 10: Practical Exercises and Capstone Project

• Conducting a mock risk assessment
• Performing due diligence on sample customers
• Investigating alerts and drafting a suspicious activity report
• Testing sanctions screening scenarios
• Presenting a compliance program review