This certification course includes:
- The AML/BSA/OFAC/CFT/CFP/FCP Regulatory Ecosystem
- Overview of Anti-Money Laundering (AML)
- Obligations under AML/BSA/OFAC/CFT/CFP/FCP
- Know Your Customer (KYC)
- Currency Transaction Report/Source of Funds Declaration & Politically Exposed Person
- OFAC, Sanctions & Terrorist
- Customer Risk Rating (CRR)
- High Risk Customers (HRC) & Enhanced Due Diligence (EDD)
- Suspicious Transaction, Transaction Monitoring & Investigations
- Suspicious Activity Reports (SAR)/Suspicious Transaction Reports (STR)
- Annual AML/BSA/OFAC/CFT/CFP/FCP Risk Assessment
- AML/BSA/OFAC/CFT/CFP/FCP Independent Audit
- Know Your Employee (KYE) & Ethics
- Regulatory & Enforcement Agencies
- Cybercrimes, New Technologies & the future of Compliance
Learning Objectives:
- Learn the elements in the regulatory ecosystem
- Understand the key elements of Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), Countering the Financing of Proliferation (CFP) and Financial Crimes Prevention (FCP), history and related regulations
- Learn the regulatory obligations under AML/BSA/OFAC/CFT/CFP/FCP
- Identify key factors in understanding regulated entities customers
- Learn the use and application of Currency Transaction Reports, Source of Funds Declarations, and how to identify and conduct enhance due diligence on politically exposed persons
- Understand the legal obligation regarding OFAC, Sanctions & Terrorist
- Learn the key elements in developing risk-based Customer Risk Rating process and its application
- Identify high risk customers and have a keen understanding of conducting enhanced due diligence
- Identify potential suspicious transactions and the mechanisms for monitoring, investigating and reporting suspicious activity
- Develop and document a risk-based approach independent audit
- Learn key regulatory and enforcement agencies functions and requirements
- Understand cybercrimes and new technologies and their implications on compliance and its future
- Study case studies and scenarios to support AML/CFT/FCP theory and practice
Prerequisites:
To qualify for admission to this AML/CFT/FCP Certification Program sequence of courses, in addition to a high school diploma and/or have entry-level qualifications to a college/university a student must qualify via at least one of the following:
- Be enrolled at a University Partner’s institution;
- Be admitted at any University Partner’s institution;
- Have obtained at least an Associate Degree from another accredited institution; or
- Have accumulated five (5) years of experience working for a regulated entity under AML/CFT/CFP/FCP, a regulator, an enforcement agency or government, and possess at least a high school diploma.
Program Level: Beginners/Intermediate
Instructional Delivery Method: Group Live or Group Internet Based
CPE Credit: 40
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