Basic Anti Money Laundering (AML) Compliance Training Course

Course Objectives
Upon completing this ‘Basic Anti Money Laundering (AML) Compliance Certification Course’ successfully, participants will be able to:
• Describe the factors that drive the need for anti-money laundering measures in financial institutions
• Understand domestic and international mechanism set for detecting and countering money laundering and related predicate crimes
• Understand Anti-Money Laundering regulations as prescribed by the local regulatory organisations in compliance with international financial compliance governance and related organizations
• Align the organization’s compliance goals with day-to-day operations and promote vigilance
• Promote a culture of compliance to help detect and report suspicious activity
• Interpret the basic level of regulatory compliance circulars and Govt. Compliance notices
• Review policies, technology, resources and other compliance supporting mechanism internally and implement them to avoid regulatory penalties
• Develop AML/KYC risk management strategies for building and implementing an effective compliance program
• Develop a supportive mechanism for an organization’s response to Law Enforcement, Legal and International Operations readiness i.e. Regulatory requests/demands w.r.t. Foreign branches or Correspondent services or foreign client jurisdictions.
Course Outline
Methods & Mechanism Basic Overview
• What Is Money Laundering?
• Banks and Other Depository Institutions
• Credit Unions and Building Societies
• Nonbank Financial Institutions
• Nonfinancial Businesses and Professions
• International Trade Activity
• Risk Associated With New Customers
• Corporate Vehicles Used to Facilitate Illicit Finance
Funding of Terrorism
• Terrorist Financing
• Differences from AML
• Ways of Operating
• Funding/Moving of Funds
• Vigilance & Policies
International Counter ML Mechanism
• Financial Action Task Force (FATF)
• The Basel Committee on Banking Supervision
• FATF-Style Regional Bodies (FSRBs)
• Organization of American States
• Key U.S. Legislative and Regulatory Initiatives Applied to Transactions Internationally
• Key International Initiatives
Compliance Program
• Assessing AML/CFT Risk
• AML/CFT Program
• AML/CFT Training
• Establishing a Culture of Compliance
Know Your…. Policies
• Know Your Customer
• Know Your Employee
• Know Your Vendor/Supplier
Internal Compliance Adherence
• Economic Sanctions
• Sanctions List Screening
• Politically Exposed Persons Screening
• Transactions Monitoring
Red Flagging/Authority Alerts
• Suspicious or Unusual Transaction Monitoring and Reporting
• STR Decision-Making Process
Co-operating with Law Enforcement
• Investigations Initiated by the Financial Institution
• Responding to a Law Enforcement Investigation
• Investigations Initiated by the Law Enforcement
• SUBPOENA
• SEARCH WARRANT
Advance Engagements
• Responding to MLAT for AML/CFT Cooperation Between Countries
• International Inter-Intra Organizational Co-operation & Procedures
Corporate Outlook
• Obtain Counsel for an Investigation Against a Financial Institution
• Responding to MLAT for AML/CFT Cooperation Between Countries
• Organization Reputation Management
• Media Relations & Correspondence

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: 18th – 21st Feb, 2025
2ND BATCH: 5th – 8th Aug, 2025