2024 AML/CFT Certification Awareness Course

This current, interactive, and practice-oriented AML/CFT training teaches you how to comply with AML/CFT legislation.

As an employee in the financial sector, you significantly contribute to the fight against money laundering and terrorist financing. Recognizing and reporting suspicious transactions is essential for complying with the law and preventing financial and reputational damage to your organization. Our Wwft course familiarizes you with the legislation and ensures you meet the required training, making you a valuable asset to your company.

Course Overview

The Annual AML/CFT Risk Awareness course has been specially designed by subject matter experts for regulated firms. This course explains how financial firms can be used for Money Laundering and Terrorist Financing activities and describes the essential procedures and controls that firms must have in place to mitigate those risks.

Target Audience

The Annual AML/CFT Risk Awareness training has been designed for staff working in the financial sector.

Knowledge Test & Certification

The course will end with a Knowledge Check to test if the participants have understood the content of the training. After scoring the minimum passing rate of 80%, participants can print out their Certification of Completion.

Audit Reporting Package

Evidence of course completion of users including Knowledge Test scores & time stamp for local Regulators and Correspondent Bank relationships. Including document with e-learning content (slides) plus list of questions of the knowledge checks.

Course Objectives

After completing the e-learning a participant will be able to:

• Analyse the consequences of money laundering (ML) and terrorist financing (TF), highlighting their impact on financial systems and society.
• Illustrate the three distinct stages of the ML process, providing comprehensive insights into each phase.
• Evaluate the necessity for Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) legislation, emphasizing the importance of legal frameworks in preventing illicit financial activities.
• Articulate the distinct role played by regulators in enforcing AML/CFT measures, emphasizing responsibilities and contributions to maintaining financial integrity.
• Examine the pivotal functions of the compliance department and the Money Laundering Reporting Officer (MLRO) within an organization, recognizing their specific roles in upholding AML/CFT policies and procedures.

Course Content

Module 1: Money Laundering & Terrorism Finance

• Definitions of ML & TF
• Predicate offences
• The three phases of money laundering: Placement, Layering & Integration
• The Money Laundering Challenge: Can you launder dirty money? (interactive case study)

Module 2: AML/CFT Laws & Regulations

   AML/CFT Legislations     Key requirements of AML/CFT law   CDD/KYC policies financial institutions   ML/TF Red flags

Module 3: Knowledge Check

• Minimum passing score
• Audit trail: proof of completion
• Certificate of Completion

Localization/Country Specific

Check our website for Country/Regional specific content with respect to AML/CFT Laws & Regulations or contact us for further details.