Course overview

Money laundering has become the crime of choice of just about every area of crime globally. Over $2 trillion is laundered globally every year. The illicit money flows that make this happen occur at every level and affect financial institutions and corporate business practices. Organized crime is a major part of money laundering, using and attacking businesses and organizations to conceal criminal proceeds.

This course will address the range of issues and offer new skills and awareness in the detection, prevention and management of money laundering.

Learning Outcomes

Delegates will apply positive responses to the following outcomes:

  • Understand apply the crucial points of money laundering
  • Which main crimes cause money laundering
  • New skills in decision-making and problem solving in money laundering detection
  • Risk management skill-sets to prevent money laundering
  • Combining legal awareness with reporting and creating a positive company compliance culture
  • Advanced planning skills in setting out AML policy

Training Method

  • The course takes a thorough and practical delivery approach. We will use presentations, skills, interactive group activities, multi-directional discussions and case studies which differ in involvement and complexity.
  • Pre-course reading items will be issued to all registered participants.

Who should attend?

This course is for anyone responsible for anti-money laundering, cash transactions and fraud identification in their organization

  • CEO
  • Chief / Directors / GM / Manager / Executives: Anti Money Laundering
  • Chief / Directors / GM / Manager / Executives: Risk Management
  • Chief / Directors / GM / Manager / Executives: Finance
  • Chief / Directors / GM / Manager / Executives: Compliance
  • Internal & External Auditors
  • Government Regulators

Course Content

Timing Activity

09:00 – 09:15 Registration

Money Laundering. Definitions and Key Concepts Predicate crimes. New threats, new challenges. Case study: The Evolving Role of the MLRO Global AML and sanctions (2022). The FATF and MONEYVAL

11:00 Coffee break

11: 20
Defining the Risk-Based Approach (RBA). Money Laundering and Terrorism Financing risks. ‘Suspicion’ and Factors to determine risks. Assessing ML/TF Risks. Critical risk factors.

 12:30 – 13:30 lunch and prayer break

Course Resume. Customer Identification and Due Dillgence (simplified and enhanced). Guidelines for application of Customer Due Diligence and Monitoring. Beneficial Ownership: Information and removing misunderstanding. CDD in case of networking of Obliged Entities or groups. Prohibition of co-operation with shell banks.

 14:30 Afternoon refreshment

14:45 – 16:00
On-going monitoring of the risk assessment and record keeping. Internal reporting procedures and external reporting to the FIU. Examples of suspicious transactions and activities.
Timing Activity

09:00 – 09:15 Recap

New trends of money laundering and CTF risk. Financial systems and international money flows. ‘Managing ‘High-Risk’ clients. Trade-based money laundering.

11:00 Coffee break

11: 20
Case Study: Crypto-currency and AML risk. What next?

 12:30 – 13:30 lunch and prayer break

Course Resume. AML Risk Management and Compliance. The AML internal audit function. Risk assessment. Training.

 14:30 Afternoon refreshment

Management and Governance. Who sets the definitions? Ensuring compliance with business competence. Ethical decision-making frameworks.

 15:30 – 16:00 - Q&A