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Anti-Money Laundering and Counter-Terrorism Financing Course

(Global)

The IMF and the World Bank estimate that around 3-5% of global GDP, or around $3 trillon, is laundered worldwide every year. AML laws and regulations target activities that include market manipulation, trade of illegal goods, corruption and evasion of tax, as well as all activities that aim to conceal these deeds. Financial institutions are expected to comply with AML laws, make sure that clients are aware of these laws and guide people with them without prior active government orders.

Safetrac’s ‘Anti-Money Laundering and Counter-Terrorism Financing – Global’ course provides employees with a general understanding of how Anti-Money Laundering laws operate within the workplace and their responsibilities.

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Learning outcomes

On completing this course, learners should be able to:

  • understand what money laundering is;
  • understand what counter-terrorism financing is;
  • explain their responsibilities under the law.

Course contents

  • The law
  • What is money laundering?
  • What is terrorism financing?
  • Differences
  • What a reporting entity must do
  • The activity-based approach
  • The risk-based approach
  • AML/CTF risk assessment
  • Prescribed transaction reporting
  • The AML/CFT compliance program
  • Limited expectations
  • Collection information
  • Beneficial owners
  • Customer due diligence
  • Reporting
  • Penalties
  • Keeping records
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Available in ShortBurstTM

This Safetrac course is provided by:

Course preview

A few presentation slides used during the course.

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