Anti-Money Laundering, Countering the Financing of Terrorism & Financial Crimes Prevention Certification

Next course starts November 1st, 2021

This professional certification includes 15 modules over a period of 15 weeks covering all the key elements of anti-money laundering, countering the financing of terrorism and financial crimes prevention. Money Laundering, Terrorism Financing and Financial Crime transactions/activity can damage a business assets and reputation; thus, it is of high importance to ensure compliance with all applicable laws and regulations. Money Laundering related loss for governments is estimated in Billions of dollars world-wide. This illegal activity has the power to destabilize the economy of countries by mingling illicit funds into the legitimate financial systems of a country. Worldwide Terrorism, Corruption of Government Officials, Human Trafficking, Arms Smuggling and Tax Evasion have made Anti-Money Laundering a pressing international issue in recent years.

Businesses mandated by Anti-Money Laundering and Countering the Financing of Terrorism regulations must implement and maintain a compliance program to comply with the laws and regulations. These programs must be composed of four pillars: (1) Policies and Procedures (2) Designate a Compliance Officer (3) On-going Training Program and (4) Independent Audit. By law, regulated businesses should accept only those customers whose Source of Wealth and Funds can be reasonably established as legitimate.

This certification course provides an overview of Anti-Money Laundering, Countering the Financing of Terrorism and Financial Crimes Prevention. Its curriculum delivers to the marketplace individuals with practical knowledge of the field, able to work for the private sector, regulators, enforcement agencies and governments.

This certification course includes:

  • The AML/BSA/CFT/OFAC Regulatory Ecosystem
  • Overview of Anti-Money Laundering (AML)
  • Obligations under AML/BSA/CFT/OFAC
  • 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/CFT/OFAC Risk Assessment
  • AML/BSA/CFT/OFAC 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) and Financial Crimes Prevention (FCP), history and related regulations
  • Learn the regulatory obligations under AML/BSA/CFT/OFAC
  • 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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Select University Partner

Antigua and Barbuda International Institute of Technology (ABIIT)

Antigua and Barbuda.

To register please input the code below

 

Institute of Banking Studies (IBSKW)

Kuwait.

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Inter-Continental University of the Caribbean (ICUC)

Curacao.

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St. Thomas University (STU)

Miami, Florida.

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The Arthur Lok Jack Global School of Business (Lok Jack GSB)

Trinidad and Tobago.

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University of the Southern Caribbean (USC)

Trinidad & Tobago.

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University of the Virgin Islands (UVI)

St Thomas, Virgin Islands.

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