Anti-Money Laundering (AML), Sanctions and Counter-Terrorism Financing (CTF) Training Course for End Users

Are your employees aware of the risks posed by Money Laundering and Financial Terrorism? Do they have the skills to detect suspicious transactions and raise red flags?

Responsible financial entities are legally and morally obliged to detect and report suspicious financial transactions. A vital step to achieve these goals is to have a trained workforce that understands the implications of money laundering. Further, the workforce must be aware of the procedures to report these suspicious transactions.

With extensive case-studies and interactive game-like scenarios, this course provides an engaging and meaningful learning experience to the workforce.

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Course overview

This comprehensive e-Learning course provides deep insight into risks posed by money laundering and financial terrorism.  This course begins by introducing the learner to recent global terror and fraud incidents that were prime examples of money laundering and terrorism financing. Following this, the course guides the learner through important International Anti-terrorism laws and regulations. This is followed by visually-rich and interactive scenarios that guide the user through multiple money laundering and terrorism financing scenarios and case studies that will help them understand and report anti-money laundering red flags.

Further, the course equips employees with the knowledge to detect suspicious transactions and raise red flags. The course further delves into Counter-Terrorism Financing (CTF).

The e-Learning course ends with a mandatory 10 question assessment that the learner must score a minimum of 80% to pass. Learners who fail will be guided to re-take the assessment.

What will you learn?

Money Laundering and Terrorist Financing 

Money Laundering – Definition and Case studies 

Stages of Money Laundering (Placement, layering and integration) 

Terrorist Financing – Definition and Case studies 

Procedural difference between Money Laundering and Terrorist Financing 

Harmful Impact 

Economic and social cost of Money Laundering and Terrorist Financing: 

  • Increased crime & corruption 
  • Undermining the Legitimate Private Sector 
  • Weakening Financial Institutions 
  • Loss of control of, or mistakes in, decisions regarding economic policy 
  • Economic Distortion and Instability 
  • Loss of Tax Revenue 
  • Risks to Privatisation Efforts 
  • Reputation Risk for the Country 
  • Social Costs 

Combating Money Laundering and Terrorist Financing 

Your role in compliance 

International Sanctions and Embargoes 

  • Types of Sanctions 
  • International organisations that administer sanctions programmes (FATF, OFAC, UNSC and EU) 
  • False Hit List/Good Guys List 
  • Sanctions Compliance 
  • Case studies 
  • Combating the Financing of Terrorism 
  • General characteristics of Terrorist Financing 

 AML Compliance program 

  • Risk assessment 
  • Internal Policies, Procedures and Controls 
  • KYC (Know Your Customer) 
  • Know Your Employee (KYE) 
  • Enhanced Due Diligence 
  • Designated Compliance Officer 
  • Ongoing Employees Training 
  • Independent Audit function 
  • Reporting Procedure

Red Flags related to ML (Money Laundering) and TF (Terrorism Financing)

  • Structuring 
  • ATM Usage 
  • Credit Balances 

 Summary and assessment 

Specifications

Learning time

20-30 minutes

Language

English*

Target audience

End user

Web format

HTML5

Device compatibility

Mobile and PC

Package format

SCORM 1.2

Narration

Human voice**

Assessment

Mandatory, 80% to pass***

*Other language translations are available on request
**Added on client request
***Assessment scores are reported by the course to the Learning Management System. Reports are generated by the Learning Management System.

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