AML Course 5

Welcome to this class on Anti Money Laundering, Know Your Customer and Combating Financial Terrorism.

This is a specially designed course from Banking Professionals / FI Professionals and anyone interested in learning the AML/KYC/CFT Concepts.

The specialty of this course is that we will cover practical case studies along with various concepts.

These days terrorist organizations are becoming more global and are carrying their activities and operations from far away geographic locations.

But the biggest question is what makes them possible to execute all these terrorist attacks?
Obviously, these things can't be achieved without money. So how they are able to get this huge amount of money?

Well, the answer to this question is Money Laundering. Which is the core topic of this course. They just take the advantage of loopholes in the financial system to channel huge sums of money for terrorist activities.

Terrorism is just one face of Money laundering. In fact, there are countless other reasons which make money laundering a very important topic. So this course will guide you in spotting those red flags related to money laundering both in your organization as well as in society in general.

You can be the next whistleblower wrt Money laundering in your organization or wrt clients.

This class covers the following topics and also covers case studies related to AML, KYC topics-

• What this class covers ?
• What is Financial Transaction?
• What is Money Laundering?
• How financial institutions are used for money laundering
• Why is money laundered?
• Stages Process of Money Laundering
• Practical Example - Money Laundering Process
• Sources of Dirty Money that is laundered
• Terrorist Financing
• Methods of Money Laundering
• HAWALA
• The Financial Intelligence Unit
• PMLA Act 2002
• Reporting of Suspicious Transactions.
• Reports prescribed under PMLA, 2002
• How to behave when faced with an abnormal or suspicious transaction or activity
• CDD- Customer Due Diligence
• “SAFE” approach
• Politically Exposed Persons
• Know Your Customer (KYC)
• Money Laundering and Terrorist Financing Red Flags
• Why robust AML-CFT mechanism important?
• International Standards.
• Case Studies

Who this course is for:

• Bankers
• AML KYC Certification Candidates
• Risk Management Candidates
• Finance professionals
• Financial Institution Professionals