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

Next course starts December 15th, 2021

This Regulatory Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT) & Financial Crimes Prevention (FCP) Certification will provide participants with an understanding of what an effective supervisory and enforcement system comprises at the national level. Effective supervision and enforcement are an important component of an effective anti-money laundering, countering financing of terrorism and financial crimes prevention regime.

This course will enhance candidates understanding of the relevant Financial Action Task Force’s (FATF) requirements by describing good practices and providing illustrative case examples. It is understood that the institutional measures and legal systems that countries may use to achieve risk-based supervision and enforcement in their country will depend on variable factors such as the size and complexity of the financial services sector, the threats, vulnerabilities and risks to which that country is exposed.

This certification will cover the basic skills and knowledge that will assist candidates in establishing an effective supervisory programme within a competent authority and to undertake a supervisory examination.

This professional certification includes 15 modules over a period of 16 weeks covering all the key elements of a risk-based Regulatory AML-CFT-FCP Framework. The certification includes all key aspects in connection with AML-CFT-FCP Supervisory trending topics. Its curriculum delivers to the marketplace individuals with practical knowledge of the field, able to work for the public sector: regulators, enforcement agencies, legal and governments.

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.

Program Level: Beginners/Intermediate

Instructional Delivery Method: Group Live or Group Internet Based

CPE Credit: 40

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Select University Partner

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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