Anti Money Laundering

Course Introduction:

• The course aims to teach preventive measures in combating money laundering.

Who Should Attend:

• Managers and Financial Investigators in all organisations

• Internal Auditors in Public and Private Sectors

• Bank Operation Managers/staff

• Risk Management staff

• Financial control staff

• Financial Investigators

• Government staff who need to understand the impact of Money Laundering on Financial Issues and Policies

The Course Will Cover:

Module 1:

• Anti-Money Laundering Legislations

• Latest Techniques used by Launderers

• Impact of money Laundering on World Economy

• Regulatory Frameworks

• Staff Responsibilities

• Financial Fraud-methods and detection

• Building National Integrity systems

• Overview of Money Laundering, High Risk Products and Services

Module 2:

• International perspective

• The Role of the F.A.T.F. (Financial Action Task Force).

• Definition of the Three Stages of Money Laundering – Placement, Layering and Integration

• The Importance of Prevention at each stage

• Investigating and producing an Audit trail

• Vulnerabilities relating to instruments products and services offered by Banks used as Vehicles for laundering money

• Monitoring transactions

• Testing the quality of suspicious transactions reports

• The Concept of Risk Management and the effect of money laundering risk to the Financial system

• Enactment of sound policies, procedures and monitoring tools to detect and deter money Laundering

• Exchange of experiences between participants