Anti-Money Laundering (AML) Compliance
Category : Banking
Duration: 5 days
With increasing regulatory scrutiny, banks must implement effective Anti-Money Laundering (AML) frameworks to detect and prevent illegal activities. This program provides participants with a thorough understanding of AML regulations, risk-based approaches, and the tools used to ensure compliance. Participants will learn how to identify suspicious activities, implement AML policies, and manage regulatory reporting.
Learning Objectives
Understand AML regulatory frameworks and compliance requirements
Implement risk-based AML policies and procedures
Identify and report suspicious activities
Ensure compliance with AML reporting obligations
Training Program
Introduction to AML Compliance
Overview of AML regulations: FATF, EU AML directives, FinCEN
The importance of AML compliance in banking
Quiz: Test your understanding of global AML regulations
Risk-Based Approach to AML
Customer due diligence (CDD) and enhanced due diligence (EDD)
Risk profiling and monitoring of high-risk customers
Practical case: Design an AML risk assessment for a bank’s customer base
Identifying and Reporting Suspicious Activities
Recognizing red flags in transactions and customer behavior
Transaction monitoring tools and techniques
Practical case: Investigate and report a suspicious transaction
AML Compliance Programs and Policies
Developing and implementing AML policies
Staff training and awareness programs
Practical case: Draft an AML compliance policy for a financial institution
Regulatory Reporting and Record-Keeping
Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs)
Record-keeping requirements and audit trails
Practical case: Prepare an AML compliance report for regulators
Key Points
Numerous practical examples illustrating the different studied concepts
Practical cases to draw parallels with the concepts learned
Who Should Attend This Training
Compliance officers and AML specialists
Bank auditors and legal professionals
Risk managers in banking
Financial crime investigators
Prerequisities
Basic knowledge of financial regulations is recommended
Teaching Methods
Training structured around skill transfer
Acquisition of operational skills through practice and experimentation
Collaborative learning during synchronous sessions
Multi-stage learning path to allow engagement, learning, and transfer
Training promoting participant engagement for better anchoring of lessons
Satisfaction and Evaluation
Competency evaluation will be carried out throughout the training by the participant (self-evaluation) and/or the trainer according to the training modalities.
Online evaluation of the training action in your participant space:
Immediate, at the end of the training, to measure your satisfaction and perception of your skill development in relation to the training objectives. With your consent, your overall score and comments will be published on our site through Avis Vérifiés, a NF Service Certified solution.
Post-training, 60 days after the training to validate the transfer of your acquired skills to the work situation.
Attendance tracking and issuance of an individual training certificate or certificate of completion.
LONDON
128 City Road, EC1V 2NX London
PARIS
38 Rue Boulard, 75014, Paris