This certification course includes:

• Introduction, Glossary and Overview of Money Laundering, Terrorism Financing and Proliferation Financing
• The International Context and the FATF Recommendations
• The Role and Functions of the AML/CFT Supervisor
• The Obligations of the Regulated Entities
• Assessing Risks – from the Country’s and Supervisor’s perspectives
• Assessing Risks – the Regulated Entity’s perspective
• Quality of information including Suspicious Transaction Reports
• Overview of the Supervisory Examination including Interview tips
• Planning the Supervisory Examination
• Conducting the Supervisory Examination
• Providing feedback on the Examination Findings
• Possible ways of addressing non-compliance including sanctions
• Conducting Financial Investigations
• Entity assistance and guidance
• Mutual Evaluations and National Risk Assessments

Learning Objectives:

• Develop an understanding of the basic concepts of money laundering, terrorism, financing and proliferation financing
• Understand the role and function of the AML/CFT Supervisor
• Learn and understand the obligations of the regulated entities
• Learn to assess the risks from the country and supervisor’s perspectives as well as the regulated entities perspective
• Learn to assess quality of information including suspicious transactions reports
• Learn the steps in planning the supervisory examination
• How to provide feedback on the examination findings
• Learn the ways to address non-compliance including sanctions
• Understand the steps involved in conducting financial investigations
• Understand the mutual evaluation process and national risk assessment

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.

Select University Partner