Course Summary:

Magna Skills is pleased to offer the Anti-Money Laundering (AML) and Combating Terrorist Financing (CTF) Essentials short course. This program is designed for professionals in the financial sector, regulatory compliance, and related industries to equip them with the knowledge and skills needed to understand, prevent, and combat money laundering and terrorist financing activities. The course covers key legal and regulatory frameworks, risk assessment strategies, and practical measures for ensuring compliance.

Course Objectives:

Upon completion of the course, participants will:

1. Understand AML and CTF Concepts:

   • Grasp fundamental concepts of money laundering and terrorist financing.
   • Recognize the global impact and consequences of these financial crimes.

2. Legal and Regulatory Frameworks:

   • Gain insights into national and international AML and CTF laws and regulations.
   • Understand the role of regulatory bodies in enforcing compliance.

3. Risk Assessment and Mitigation:

   • Develop skills in conducting risk assessments for money laundering and terrorist financing.
   • Implement effective risk mitigation strategies within organizations.

4. Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD):

   • Understand the importance of CDD in identifying and verifying customers.
   • Explore the concept and application of EDD for higher-risk transactions.

5. Transaction Monitoring and Suspicious Activity Reporting:

   • Learn techniques for monitoring transactions and identifying suspicious activities.
   • Understand the process of reporting suspicious activities to relevant authorities.

Course Outline

Module 1: Introduction to AML and CTF

• Definitions and significance of AML and CTF
• Global impact and consequences of money laundering and terrorist financing

Module 2: Legal and Regulatory Frameworks

• Overview of national and international AML and CTF laws and regulations
• Role of regulatory bodies in enforcing compliance

Module 3: Risk Assessment and Mitigation

• Conducting risk assessments for money laundering and terrorist financing
• Implementing effective risk mitigation strategies

Module 4: Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

• Importance of CDD in identifying and verifying customers
• Concept and application of EDD for higher-risk transactions

Module 5: Transaction Monitoring and Suspicious Activity Reporting

• Techniques for monitoring transactions and identifying suspicious activities
• Process of reporting suspicious activities to relevant authorities

Who Can Attend:

This course is suitable for professionals in the financial sector, compliance officers, risk managers, and individuals involved in anti-money laundering and counter-terrorism financing efforts, including but not limited to:

• Financial Analysts
• Compliance Officers
• Risk Managers
• Banking Professionals
• Legal and Regulatory Professionals

Note: Prior knowledge of financial regulations or experience in the financial sector may be beneficial but is not mandatory.

If you have any specific preferences or additional details you'd like to include, please let me know!