ANTI-MONEY LAUNDERING (AML) COMPLIANCE MASTERCLASS

Course Objectives
• Understand the fundamentals of money laundering and its impact on the global economy
• Learn about the legal and regulatory framework surrounding AML compliance
• Develop skills to identify, assess, and mitigate money laundering risks
• Gain knowledge on implementing effective AML compliance programs
• Explore case studies and best practices in AML compliance
Introduction to Money Laundering
• Definition and stages of money laundering
• The impact of money laundering on the global economy
• International organizations and initiatives against money laundering
AML Legal and Regulatory Framework
• Key AML laws and regulations
• Know Your Customer (KYC) requirements
• Suspicious Activity Reporting (SAR) obligations
Financial Action Task Force (FATF)
• FATF recommendations and standards
• FATF mutual evaluations and country assessments
AML Compliance in Different Sectors
• Banking and financial institutions
• Money service businesses
• Real estate and high-value goods sectors
Risk Assessment and Management
• Identifying money laundering risks
• Conducting risk assessments
• Implementing risk-based approaches to AML compliance
Customer Due Diligence (CDD)
• CDD requirements and best practices
• Enhanced Due Diligence (EDD) for high-risk customers
Ongoing Monitoring and Transaction Screening
• Monitoring customer transactions and activities
• Screening against sanctions lists and watchlists
AML Compliance Program Design and Implementation
• Developing an AML compliance program
• Roles and responsibilities of the compliance team
• Training and awareness for employees
Policies, Procedures, and Controls
• Developing and implementing AML policies and procedures
• Internal controls and audit functions
Reporting and Record-keeping
• Suspicious Activity Reporting (SAR) requirements
• Record-keeping and data retention obligations
AML Compliance Challenges and Emerging Trends
• Challenges in implementing AML compliance programs
• Emerging technologies and their impact on AML compliance
• Future trends and developments in AML compliance
Case Studies and Best Practices
• Real-world case studies of money laundering schemes
• Best practices in AML compliance from various industries

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH:        22nd – 25th Apr,              2025      

2ND BATCH:       26th – 29th Aug,               2025
3RDBATCH:        9th – 12th Dec,                  2025