Anti-money Laundering (aml) & Financial Crime Compliance Training Course

Introduction

In today’s rapidly evolving financial landscape, money laundering and financial crimes pose significant risks to businesses, financial institutions, and regulatory bodies. The Anti-Money Laundering (AML) & Financial Crime Compliance Training Course is designed to equip professionals with the knowledge and skills to detect, prevent, and combat illicit financial activities. This course provides a comprehensive understanding of AML regulations, risk assessment frameworks, compliance strategies, and the latest technological advancements in financial crime prevention. By enrolling in this course, participants will gain practical insights into regulatory requirements such as FATF, USA PATRIOT Act, EU AML Directives, and global best practices.

Target Audience

This course is ideal for professionals working in financial services, compliance, and regulatory enforcement, including:

• Compliance Officers & AML Specialists
• Risk Management Professionals
• Banking & Financial Services Executives
• Regulatory & Law Enforcement Officials
• Auditors & Internal Control Officers
• Legal & Corporate Counsel
• Cryptocurrency & Fintech Professionals
• Government & Anti-Corruption Agencies

Course Objectives

By the end of this training, participants will be able to:

• Understand the Fundamentals of AML & Financial Crime – Gain in-depth knowledge of money laundering typologies, financial crime trends, and regulatory frameworks.
• Navigate Global AML Regulations & Compliance Requirements – Learn about FATF recommendations, FinCEN, Basel Committee guidelines, and country-specific AML laws.
• Implement Effective AML Risk Management Strategies – Master risk-based approaches, due diligence processes (CDD & EDD), and Know Your Customer (KYC) protocols.
• Detect & Investigate Suspicious Transactions – Utilize transaction monitoring systems, red flag indicators, and forensic accounting techniques.
• Combat Emerging Financial Crimes – Address threats such as cryptocurrency laundering, trade-based money laundering (TBML), and cyber-enabled financial crimes.
• Develop AML Compliance Programs – Design and implement robust AML policies, employee training programs, and internal controls.
• Leverage Technology for AML Compliance – Explore the role of AI, machine learning, blockchain analytics, and regtech solutions in financial crime prevention.
• Enhance Reporting & Regulatory Communication – Understand Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and compliance audits.
• Strengthen Financial Institution & Law Enforcement Collaboration – Improve cooperation between financial institutions, regulators, and law enforcement agencies.
• Prepare for AML Certification Exams – Gain foundational knowledge for professional AML certifications such as CAMS (Certified Anti-Money Laundering Specialist) and CFE (Certified Fraud Examiner).

This AML training course will empower professionals with cutting-edge compliance strategies, real-world case studies, and interactive exercises to strengthen financial crime defenses and regulatory adherence. Stay ahead of financial criminals by mastering AML best practices today!

Duration

10 Days

Course Content

Module 1: Introduction to Money Laundering & Financial Crime

• Understanding financial crime and its impact on the global economy
• Money laundering typologies and techniques
• The role of financial institutions in preventing illicit activities

Module 2: Global AML Regulations & Compliance Frameworks

• FATF recommendations and international AML standards
• USA PATRIOT Act, EU AML Directives, and country-specific laws
• Basel Committee on Banking Supervision guidelines

Module 3: Risk-Based Approach to AML Compliance

• AML risk assessment methodologies
• Customer Due Diligence (CDD) & Enhanced Due Diligence (EDD)
• Risk categorization and mitigation strategies

Module 4: Know Your Customer (KYC) & Customer Identification Program (CIP)

• Importance of KYC in AML compliance
• KYC documentation and verification processes
• Beneficial ownership identification and Ultimate Beneficial Owner (UBO) regulations

Module 5: Suspicious Activity Detection & Reporting

• Identifying red flags and suspicious transactions
• Transaction monitoring and behavioral analysis
• Filing Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs)

Module 6: Trade-Based Money Laundering (TBML) & Emerging Threats

• TBML techniques and prevention strategies
• Shell companies, correspondent banking risks, and offshore laundering
• Cyber-enabled financial crimes and digital fraud

Module 7: Cryptocurrency, Fintech & AML Challenges

• Risks of cryptocurrency in money laundering
• Blockchain analytics for financial crime detection
• Fintech compliance and regulatory technology (RegTech) solutions

Module 8: Fraud Prevention & Forensic Accounting

• Investigating financial fraud and forensic accounting techniques
• Internal fraud risks and mitigation strategies
• Collaboration between forensic auditors and AML professionals

Module 9: AML & Counter-Terrorist Financing (CTF) Best Practices

• Differences between AML and CTF compliance
• Identifying and preventing terrorist financing networks
• Sanctions screening and politically exposed persons (PEPs) monitoring

Module 10: AML Compliance Program Development

• Creating an effective AML compliance framework
• Role of compliance officers and internal AML audits
• Building a corporate culture of compliance

Module 11: Technology & AI in AML Compliance

• Artificial Intelligence (AI) and Machine Learning (ML) in transaction monitoring
• Big Data analytics for AML risk assessment
• Automation and predictive analytics for fraud detection

Module 12: Financial Institution Obligations & AML Enforcement Actions

• Bank Secrecy Act (BSA) compliance and record-keeping requirements
• AML fines, penalties, and regulatory enforcement actions
• Case studies of major AML violations and compliance failures

Module 13: Cross-Border Money Laundering & Global Investigations

• International cooperation in AML enforcement
• Mutual Legal Assistance Treaties (MLATs) and information-sharing agreements
• Role of Interpol, Europol, and FIUs in AML investigations

Module 14: AML Audit, Monitoring & Reporting Requirements

• AML internal audits and independent reviews
• Strengthening compliance through reporting mechanisms
• Best practices in regulatory filings and audits

Module 15: AML Certifications & Career Growth

• Overview of AML certifications: CAMS, CFE, CFCS, and ICA
• Career pathways in AML compliance, fraud investigation, and financial crime prevention
• Staying updated with evolving AML trends and regulatory changes

This AML training course provides a comprehensive, hands-on approach to financial crime prevention, compliance best practices, and regulatory adherence. Stay ahead in the fight against financial crime with expert-led training!

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.