Certified AML CFT Specialist

Module - 1

• Introduction
• Financial Action Task Force (FATF) Demography
• FATF Evolution

Module - 2 

• Introduction
• FATF Recommendations
• Overview and deliberation on F ATF 40 Recommendations

Module - 3

• Introduction
• Definitions and Laws/Regulations
• Concepts of Money Laundering
• Three stages of Money Laundering
• Case Studies
• Money Laundering as an Economy and its relative impact on world economy
• Member countries
• Regulators & Laws: US, Canada, UAE, Europe, India, Australia

Module - 4 

• Introduction
• Various known Instruments vulnerable to Money Laundering

Module - 5 

• Introduction
• Non-Bank Financial Institutions
• Credit Card Companies, Insurance Companies
• Money Service Business, Security Market
• Casinos
• Case Studies
• Real Estates
• Trade Based Money Laundering
• Black Market Peso Exchange

Module - 6 

• Introduction
• Payment Product and Services
• Prepaid Cards, Mobile Wallet and Online transactions
• Virtual Currency

Module - 7

• Introduction
• The Basel Committee
• European Union Directive
• FATF Style Regional Bodies
• Organization of American States
• Egmont Group of Financial Intelligence Unit
• The Wolfberg Group
• The World Bank and IMF

Module - 8

• Introduction
• US Regulations and Legislative initiatives
• US PATRIOT ACT
• Civil Forfeiture
• OFAC

Module - 9

• Introduction
• Compliance Program
• Risk Understanding
• Risk Assessment
• Dynamic Risk Assessment & Risk Rating modification
• Risk Identification
• Know your customer
• Enhance Due Diligence
• Economic Sanctions
• Politically Exposed Sanctions
• Transaction Monitoring, Reporting And Red Flags

Module - 10

• Introduction
• Proactive Investigation
• SAR/STR
• Cooperation between countries

Module - 11

• Case Studies

• To act and to promote customers / colleagues to act in accordance with national and international norms and standards of anti-money laundering and combating terrorism financing
• To establish a compliance program focused on anti-money laundering and combating terrorism financing
• Support an investigation and the reporting of money laundering and terrorism financing
• Helps stay compliant to the regulatory requirements
• Career growth within the same organization or externally
• Better earning potential
• Understand AML as a deterrent to an Economy
• Helps understand the various instruments that can be exploited for Laundering Money

• Managers with responsibility for Internal Compliance Controls
• Internal and External Audit Staff
• Accountants
• Company Secretaries
• Legal Practitioners and Support Staff
• Money Laundering Reporting Officers
• Money Laundering Prevention Officers
• Compliance, AML and Financial Crime Officers