Anti-Money Laundering And Counter-Terrorism Financing

Financial Institutions play a major role in any economy and the key to any soundly run economy is to ensure having legitimate financial activities/transactions.

Money laundering (ML) and Terrorism Financing (TF) are very serious crimes and criminals have been relentlessly in search of ways to disguise the nature of their money and incorporate such money into the normal flow of legitimate economies to enjoy the benefits of their crimes.

It is therefore of utmost importance for financial institutions staff to be aware of and alert to ML & FT activities and be able to identify, analyse and report suspicious transactions as part of the effort to deter such criminal activities.
 

Course Objectives:

Over the duration of this course, participants will:

• Be introduced to the key characteristics of Anti-Money Laundering, Countering the Financing of Terrorism and Sanctions adherence.
• Extend their understanding of the principles of Compliance Risk.
• Gain an insight into current trends and issues in financial crime, using practical examples, and the risks of non-compliance.
• Be more informed, and therefore better equipped, to understand their role and responsibilities, to make considered risk decisions more quickly, based on a sound knowledge of financial crime risk management
• Be better placed to protect their Institution’s clients from financial crime risks, thereby helping them to achieve sustainable growth
• Have key skills to protect the financial institution from individuals and organisations seeking to commit financial crime through the recognition / identification of red flags and understanding how to respond appropriately