Anti Money Laundering & Countering of Terrorist Financing from Udemy

Quick Video explaining important concepts of AML/CFT in a simplified manner.

Author of this course is Sachin Rao (CAMS - FCI ) has worked with Complyfin DWC LLC ., and the voice over artist is Mr.Jim Cosens , a professional voice over artist based in USA has provided the voice over services for this course on Anti Money Laundering and Countering of Terrorist Financing.

A must course for every professional in today's world, learn about What is (AML) Anti-Money Laundering, Various stages of Money Laundering and how criminal organizations disguise & convert their dirty money into clean money to avoid detection from regulatory bodies, learn about (CFT) Countering Financing of Terrorism, identify key differences between the flow of (ML) Money Laundering and (TF) Terrorist Financing methods and keep yourself and your organization protected from Money Laundering & Terrorist Financing Abuse. Understand the importance of (KYC) Know Your Customer & (KYCC) Know Your Customer's Customer requirements , learn about compliance requirements for individual/personal customers and corporate customers, Learn about UBO's(Ultimate Beneficial Owners) and what supporting documents are to be collected based on international best practices . Learn on how to identify and write suspicious activity and transaction reports, effectively learn about identifying suspicious activities of customers and report proactively to assist regulatory bodies. understand who is a PEP/FPEP (politically Exposed Persons/Foreign Politically Exposed Persons) and when & how to conduct EDD(Enhanced Due Diligence). This course will help you manage Regulatory Expectations proactively and secure your profession, your organization & businesses from the Risk of Money Laundering & Terrorist Financing abuse.

A Robust Compliance AML/CFT Regime for a secure Tomorrow....

*We strongly recommend students looking forward for higher , advanced and professional studies in the field of AML/CFT should consider joining ACAMS, as earning CAMS designation is considered as the global gold standard in AML certifications.

Disclaimer " we are not associated with any institutions or academy or organizations likes ACAMS etc, our recommendations are to be considered as personal suggestions only based on our personal past experiences without assuming any liabilities of whatsoever nature or manner"

What's inside

Learning objectives

Students will be aware of aml/cft (anti money laundering /countering of terrorist financing) subject and its implications, they will be able to understand the importance of regulatory expectations , how to work towards avoiding ml/tf abuse as an industry professional.
Identifying various risk's associated from a perspective of ml/tf abuse you will be more alert to fight against the ml/tf abuse, while making a significant contribution to the financial institution you work with.

This course is designed by the author mr.sachin rao (cams) , working with complyfin dwc llc , a seasoned group of subject matter experts & management consulting company

Students will be aware of aml/cft (anti money laundering /countering of terrorist financing) subject and its implications, they will be able to understand the importance of regulatory expectations , how to work towards avoiding ml/tf abuse as an industry professional.
Identifying various risk's associated from a perspective of ml/tf abuse you will be more alert to fight against the ml/tf abuse, while making a significant contribution to the financial institution you work with.
This course is designed by the author mr.sachin rao (cams) , working with complyfin dwc llc , a seasoned group of subject matter experts & management consulting company

Syllabus

Students will learn about Risk's and Abuse of Money Laundering & Terrorist Financing Activities and How to Mitigate the Risk of ML/TF abuse by enabling to implement a robust Compliance Regime.

Learn what is Money Laundering , and whats are the sources of dirty money .and how they convert illegitimate money into clean money. what are the sources of dirty money.

what are basic stages of money laundering , understand the three stages and how money launderers use the different stages to place, layer and integrate illegitimate funds into legitimate financial system.

Understand what is Terrorist Funding , As a professional how to identify the difference between Money Laundering and Terrorist Funding activities & Flow of Funding. What are the motives , Detection focus , Financial Activity and Money trail.

Reasons and areas of concerns and what are the risks for Banks/ FI's(Financial Institutions) and for you as a Professional.

Understand the steps involved in KYC/KYCC and steps involved. What is it all about and how it helps banks/FI's ,to reduce the Risk of ML/TF Abuse and what documentation is required for personal and corporate customers, what details are required for on-boarding customers and providing them financial services.

Concept of EDD and what does it involve and when to apply EDD measures on what type of customers.

Understand what are Suspicious Transactions, importance of reporting attempted and conducted transactions and how to write and report STR's effectively.

What are instances of possible ML activities and what should raise internal alerts , How to identify suspicious behaviour of customers, understand whats is structuring and many other important indicators.

Understanding Compliance, AML/CFT is a pre-condition these days each and every professional is required to participate and contribute positively to fight against the abuse of Money Laundering & Terrorist Funding for a better and secured future.

Description of quiz to be edited later. Details like how to answer the questions how to get help etc. can be given here.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Emphasizes the importance of compliance in combating money laundering and terrorist financing

Provides a comprehensive overview of key AML/CFT concepts, including money laundering, terrorist financing, and suspicious activity reporting

Designed to enhance the knowledge of industry professionals in recognizing and mitigating ML/TF risks

Features quizzes to reinforce understanding of key concepts

Recommend students to consider ACAMS certifications for advanced studies in AML/CFT

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Anti Money Laundering & Countering of Terrorist Financing with these activities:

Review Key AML Concepts

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Refreshing your knowledge of key AML concepts will strengthen your foundation and improve your ability to grasp more advanced topics in this course.

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Review course materials and notes
Read articles or books on AML
Complete online quizzes or practice exams

Review Anti-Money Laundering Regulations

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Reviewing Anti-Money Laundering regulations will strengthen your foundational understanding and increase your chances of performing well in this course.

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Read regulatory documents
Summarize key AML policies
Complete a practice AML assessment

Volunteer as an AML Mentor

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Mentoring others in AML will reinforce your knowledge and provide you with valuable experience in communicating AML concepts.

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Identify an organization or platform that offers AML mentoring opportunities
Apply to become a volunteer mentor
Complete any necessary training or onboarding process
Connect with mentees and provide guidance on AML topics

Five other activities

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Explore AML Case Studies

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Examining real-world AML case studies will provide you with practical insights to enhance your understanding of AML principles.

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Identify a reputable source for AML case studies
Select a case study that aligns with your interests or career goals
Review the case study materials
Analyze the AML techniques and strategies employed

Practice Identifying Suspicious Transactions

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Engaging in practice drills will enhance your ability to identify suspicious transactions, which is crucial for effective AML implementation.

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Obtain a dataset of real-world transactions
Apply AML techniques to identify suspicious transactions
Compare your findings with those of experts or industry benchmarks
Review and analyze your performance

Attend an AML Training Workshop

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Participating in an AML training workshop will allow you to engage with experts, exchange ideas, and stay updated on the latest AML trends.

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Identify and register for an AML training workshop
Prepare for the workshop by reviewing relevant materials
Actively participate in the workshop
Follow up after the workshop

Develop an AML Compliance Plan

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Creating an AML compliance plan will deepen your understanding of the practical implementation of AML measures.

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Research industry best practices
Identify potential AML risks
Develop policies and procedures to address identified risks
Implement the compliance plan

Contribute to an AML Open-Source Project

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Contributing to an AML open-source project will provide you with hands-on experience in AML implementation and development.

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Identify an AML open-source project that interests you
Review the project's documentation and codebase
Identify an area where you can contribute your skills
Submit a pull request with your contributions

Career center

Learners who complete Anti Money Laundering & Countering of Terrorist Financing will develop knowledge and skills that may be useful to these careers:

Anti-Money Laundering Analyst

The Anti-Money Laundering Analyst assists organizations in the fight against money laundering and terrorist financing. They help to identify and report suspicious activities that could indicate criminal behavior. This course provides a comprehensive overview of AML/CFT concepts, including the different stages of money laundering, the methods used to disguise and convert dirty money, and the key differences between money laundering and terrorist financing. By taking this course, you will gain the knowledge and skills needed to succeed in this important and growing field.

See salaries and explore the career path for Anti-Money Laundering Analyst

Compliance Officer

A Compliance Officer ensures that organizations are adhering to all relevant laws, regulations, and ethical standards. They play a critical role in preventing and detecting financial crime, including money laundering and terrorist financing. This course provides a strong foundation in AML/CFT compliance, including the importance of KYC/KYCC, EDD, and suspicious activity reporting. By taking this course, you will gain the knowledge and skills needed to succeed in this essential role.

See salaries and explore the career path for Compliance Officer

Financial Analyst

Financial Analysts use their knowledge of financial markets and instruments to help organizations make informed investment decisions. They also play a role in identifying and mitigating financial risks, including those related to money laundering and terrorist financing. This course provides a foundation in AML/CFT concepts, including the different methods used to disguise and convert dirty money. By taking this course, you will gain the knowledge and skills needed to succeed in this challenging and rewarding field.

See salaries and explore the career path for Financial Analyst

Forensic Accountant

Forensic Accountants investigate financial crimes, including money laundering and terrorist financing. They use their accounting and auditing skills to trace the flow of money and identify suspicious activities. This course provides a comprehensive overview of AML/CFT concepts, including the different stages of money laundering, the methods used to disguise and convert dirty money, and the key differences between money laundering and terrorist financing. By taking this course, you will gain the knowledge and skills needed to succeed in this specialized and in-demand field.

See salaries and explore the career path for Forensic Accountant

AML Compliance Manager

The AML Compliance Manager oversees the development and implementation of an organization's AML/CFT compliance program. They are responsible for ensuring that the organization is adhering to all relevant laws, regulations, and ethical standards. This course provides a comprehensive overview of AML/CFT compliance, including the importance of KYC/KYCC, EDD, and suspicious activity reporting. By taking this course, you will gain the knowledge and skills needed to succeed in this critical role.

See salaries and explore the career path for AML Compliance Manager

Risk Manager

Risk Managers identify, assess, and mitigate risks to organizations. They play a key role in preventing and detecting financial crime, including money laundering and terrorist financing. This course provides a foundation in AML/CFT concepts, including the different methods used to disguise and convert dirty money. By taking this course, you will gain the knowledge and skills needed to succeed in this challenging and rewarding field.

See salaries and explore the career path for Risk Manager

AML Auditor

AML Auditors review and assess an organization's AML/CFT compliance program. They help to ensure that the organization is adhering to all relevant laws, regulations, and ethical standards. This course provides a comprehensive overview of AML/CFT compliance, including the importance of KYC/KYCC, EDD, and suspicious activity reporting. By taking this course, you will gain the knowledge and skills needed to succeed in this essential role.

See salaries and explore the career path for AML Auditor

AML Investigator

AML Investigators investigate suspicious activities that could indicate money laundering or terrorist financing. They work closely with law enforcement and other agencies to track down and prosecute criminals. This course provides a comprehensive overview of AML/CFT concepts, including the different stages of money laundering, the methods used to disguise and convert dirty money, and the key differences between money laundering and terrorist financing. By taking this course, you will gain the knowledge and skills needed to succeed in this challenging and rewarding field.

See salaries and explore the career path for AML Investigator

Financial Crimes Analyst

Financial Crimes Analysts investigate and analyze financial data to identify and prevent financial crimes, including money laundering and terrorist financing. They work closely with law enforcement and other agencies to track down and prosecute criminals. This course provides a comprehensive overview of AML/CFT concepts, including the different stages of money laundering, the methods used to disguise and convert dirty money, and the key differences between money laundering and terrorist financing. By taking this course, you will gain the knowledge and skills needed to succeed in this challenging and rewarding field.

See salaries and explore the career path for Financial Crimes Analyst

AML Compliance Specialist

The AML Compliance Specialist is responsible for developing and implementing an organization's AML/CFT compliance program. They work closely with senior management to ensure that the organization is adhering to all relevant laws, regulations, and ethical standards. This course provides a comprehensive overview of AML/CFT compliance, including the importance of KYC/KYCC, EDD, and suspicious activity reporting. By taking this course, you will gain the knowledge and skills needed to succeed in this essential role.

See salaries and explore the career path for AML Compliance Specialist

AML Training Specialist

The AML Training Specialist is responsible for developing and delivering training programs on AML/CFT compliance to employees. They work closely with senior management to ensure that employees are aware of their obligations under the law and are able to identify and report suspicious activities. This course provides a comprehensive overview of AML/CFT compliance, including the importance of KYC/KYCC, EDD, and suspicious activity reporting. By taking this course, you will gain the knowledge and skills needed to succeed in this essential role.

See salaries and explore the career path for AML Training Specialist

AML Consultant

The AML Consultant provides advice and guidance to organizations on AML/CFT compliance. They work closely with senior management to help organizations develop and implement effective compliance programs. This course provides a comprehensive overview of AML/CFT compliance, including the importance of KYC/KYCC, EDD, and suspicious activity reporting. By taking this course, you will gain the knowledge and skills needed to succeed in this challenging and rewarding field.

See salaries and explore the career path for AML Consultant

AML Program Manager

The AML Program Manager is responsible for managing the day-to-day operations of an organization's AML/CFT compliance program. They work closely with senior management to ensure that the program is effective and efficient. This course provides a comprehensive overview of AML/CFT compliance, including the importance of KYC/KYCC, EDD, and suspicious activity reporting. By taking this course, you will gain the knowledge and skills needed to succeed in this essential role.

See salaries and explore the career path for AML Program Manager

AML Risk Assessor

The AML Risk Assessor is responsible for assessing the risks of money laundering and terrorist financing to an organization. They work closely with senior management to develop and implement strategies to mitigate these risks. This course provides a comprehensive overview of AML/CFT compliance, including the importance of KYC/KYCC, EDD, and suspicious activity reporting. By taking this course, you will gain the knowledge and skills needed to succeed in this essential role.

See salaries and explore the career path for AML Risk Assessor

AML Compliance Analyst

The AML Compliance Analyst is responsible for reviewing and analyzing financial transactions to identify suspicious activities that could indicate money laundering or terrorist financing. They work closely with law enforcement and other agencies to track down and prosecute criminals. This course provides a comprehensive overview of AML/CFT compliance, including the importance of KYC/KYCC, EDD, and suspicious activity reporting. By taking this course, you will gain the knowledge and skills needed to succeed in this challenging and rewarding field.

See salaries and explore the career path for AML Compliance Analyst