AML Training

Our Anti-Money Laundering (AML) training course is designed to raise your employees’ awareness of money laundering in order to confidently identify and report signs of money laundering activity in your business.

As a global business entity with a range of subsidiary partner operations that cross several distinct business sectors (including but not limited to telecommunication, financial services, petrochemicals, energy production/ distribution, chemicals, fertilisers and food), your organisation needs to recognise that it is targeted by hostile entities seeking to take advantage of your market presence.

One of the key challenges is corporate finance’s control and movement and the need to ensure that effective Anti-Money Laundering (AML Framework) procedures and practices are in place.

Refusal to accept the risks and your organisation is openly exposed to:

• corporate fraud;
• corruption;
• exploitation from the theft of money and other assets.

Why Should You Pursue A Training In AML?

• You need to comply with national, regional, and international legislative frameworks such as:
• Section 453 of the 2017 Companies Act (Pakistan); and
• UK’s Proceeds of Crime Act (POCA) 2000).
• More fundamentally, money that is unknowingly, unwittingly or (in the case of fraud and corruption) even consciously ‘laundered’ through the organisation could ultimately support, finance and promote international terrorism and the drugs trade.
• An effective AML framework is a testament to your organisation position against crime. As global corporate citizens aware of their responsibilities, any international organisation must comprehensively address these concerns and implement policies, procedures, and associated risk assessment mechanisms.
• To have insufficient controls and be charged with engaging in money laundering can have any of the following negative consequences:
• Damaged corporate reputations & brand devaluation
• Eroding employee morale
• Potential consumer boycotts
• Negative investor perceptions
• Possible legal action
• Fines & potential jail terms for directors

Learning Objectives:

• Understand what the Anti Money Laundering Regulations are: understand policies, procedures and controls
• Understanding Money Laundering, Terrorist Financing and Sanctions
• Recognise the importance of conducting a risk assessment
• Vulnerabilities of financial institutions to money laundering and terrorist financing
• Management obligations and the risk-based approach to money laundering and terrorist financing
• Adopt appropriate internal controls
• Identify Politically Exposed Persons (PEPs)
• Recognise the importance of keeping adequate records