Countering the Financing of Terrorism Certification

Next course starts December 6th, 2021

In recent times reporting entities and other stakeholder organizations within the AML/CFT regime have had the challenge of having to reach international global standards set by the Financial Action Task Force (FATF). Recommendations 5, 6, 7, 8 and 17 of the revised FATF 40 recommendations speaks to issues surrounding the global threat of terrorism/financing of terrorism and sanctions. Institutions within the AML/CFT regime are now required to train and develop its resources (human and technological) towards a clear understanding of the risks posed by the proliferation of terrorism and terrorists financing strategies aimed at exploiting the global economic environment for the purpose of causing mass casualties and propaganda.

Professionals involved in AML/CFT compliance as well as law enforcement/intelligence gathering related to terrorism/terrorist financing, must now hone their skills to treat with the growing international demands of regulatory agencies. This certification course is designed to meet the demands placed on AML/CFT practitioners by international regulators for a determined and focussed approach towards addressing the problem of terrorism/terrorist financing. It aims at developing the individual’s competences in identifying, assessing, analysing and disseminating information in the form of STR’s/SAR’s or intelligence products to the various AML/CFT regulators/stakeholders.

This certification course content includes:

  •  Introduction to AML/Anti-Terrorism/CFT Ecosystem
  • Overview of Counter Financing of Terrorism/Anti-Terrorism
  • Sanctioning bodies and Recommendations on CFT – EU, UN, US – OFAC, UK, Defences used by reporting entities
  • Fundamental differences between Money laundering and Terrorist Financing
  • Terrorism and the Global impact Social/economic impact
  • CFT/TF Threat Assessment- Understanding TF Risks   (Customer Risks Rating)
  • Know Your Customer in relation to CFT/TF & Comparison of Indicators – ML & CFT
  • Customer Due Diligence (CDD) and Non-profit organizations
  • Enhanced Due Diligence (EDD) & Retrospective Due Diligence (RDD) –  Preventing TF exploitation of financial products
  • Compliance responsibility ML/TF; QTR’s & TFR’s; regulatory requirements
  • Reporting (STR’s) on suspected terrorism and terrorists financing
  • Confiscation of terrorist’s property and the role of the compliance officer
  • The FTF phenomena – International & Regional perspectives
  • Social Media for propaganda and crowd funding, proliferation
  • Cybercrime & Terrorism

Learning Objectives:

  • Develop a fundamental understanding of AML/Anti-Terrorism/CFT Ecosystem
  • Define and understand the regulatory requirements of Counter Financing of Terrorism and Anti-Terrorism
  • Learn the sanctioning bodies and recommendations on CFT in a global context
  • Distinguish and understand between the fundamental differences of money laundering and terrorist financing
  • Understand the global impact of terrorism in a social and economic context
  • Understand and develop the CFT/TF assessment taking into account the different risks
  • Distinguish between customer due diligence, enhanced due diligence, and retrospective due diligence
  • Understand the steps involved in reporting suspected terrorism and terrorist financing
  • Have a keen understanding of the role of the compliance officer in terms of the confiscation of terrorist property
  • Understand cybercrime and its impacts on terrorism

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.

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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 Virgin Islands (UVI)

St Thomas, Virgin Islands.

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